As a former hedge fund manager, TV host, and star of CNBC’s “Mad Money,” Jim Cramer now runs the “Investing Club” on CNBC.
He also helped start TheStreet.com, Inc. and is its chairman.
Jim Cramer’s Net Worth in 2024
With a net worth of $150 million, Jim Cramer is an American TV host, best-selling author, and former hedge fund boss, according to Celebrity Net worth. As the host of “Mad Money” on CNBC and the co-founder and head of TheStreet.com, Jim Cramer is likely the person most people know him as.
The different jobs Jim Cramer has at CNBC pay him $5 million a year. He also makes a lot of money from book advances and profits. From 1987 to 2001, Cramer ran the hedge fund Cramer Berkowitz.
At its busiest, the fund was in charge of $450 million in assets. It gave an average return of 24% per year. Cramer told BusinessWeek in 2005 that he was worth between $50 and $100 million.
Cramer’s net worth was a lot higher at the height of the dot-com bubble, thanks mostly to his 15% share in TheStreet.com. TheStreet.com had a market cap of $1.7 billion in 1999, not long after it went public. Cramer’s 15% share was worth $255 million at that point.
In 2005, after the dotcom crash, that share was worth about $15 million.
Jim Cramer Childhood
He was born on February 10, 1955, in Wyndmoor, Pennsylvania, which is a neighborhood of Philadelphia. His parents are Ken and Louise Cramer, and he comes from a Jewish family. His mother was an artist and his father ran an International Packaging Products business.
Jim Cramer Education
Jim went to Springfield Township High School and graduated. He then went to Harvard College to study government. He earned his Bachelor of Arts from Harvard in 1977, magna cum laude. Jim was President and Editor-in-Chief of the Harvard Crimson newspaper while he was a student at Harvard.
He went back to Harvard Business School and graduated in 1984. Jim would put his money into the stock market to pay for his Harvard law school fees.
How did Jim Cramer get so rich?
Jim was admitted to the New York Bar, but he never worked as a lawyer. Jim’s first job in banking was at Goldman Sachs. He later left the company to start his own business, Cramer & Co. From 1987 to 2001, Cramer ran the hedge fund. During that time, the company managed $450 million in assets.
Every year, Cramer’s fund would earn an average of 24%. By 2005, Cramer’s net worth was already between $50 million and $100 million. His site, TheStreet.com, went public in 1999, right at the height of the dot-com boom. It would be worth $1.7 billion when the company went public.
Cramer’s share of the company was worth $225 million at this point. But when the dot-com bubble burst, Cramer’s net worth dropped like a rock as the firm’s share price dropped. His share of the business is worth about $15 million now. Editor-at-Large for SmartMoney magazine was another job that Cramer had.
But he had to deal with scandal when a stock he told his readers about went up in value and made him $2 million. Because of this, Jim’s morals are called into question. In the late 1990s and early 2000s, Cramer would get jobs as an analyst on CNBC shows. In 2002, he got a job on the show “Kudlow & Cramer.”
In 2005, he started his current job on “Mad Money with Jim Cramer.” You can see the show on CNBC. Jim Cramer CareerJim’s first job in finance was at Cramer & Co., the company he started after quitting Goldman Sachs. The hedge fund had $450 million in assets when Cramer took over in 1987 and ran it until 2001.
In general, Cramer’s company would give a return of 24%. It went public in 1999, right when the Internet was taking off, and it was a big hit for him. The company would be worth $1.7 billion right after it went public. At this point, Jim Cramer, an investor, owned a $225 million stake in the company.
When the dot-com boom burst, Cramer lost a lot of his money because of this. Jim Cramer is still worth $150 million. Cramer was also the Editor-at-Large for SmartMoney magazine. People were upset and worried about his morals when he made $2 million from stock advice he gave to his subscribers.
In the late 1990s and early 2000s, Jim Cramer would be a commentator on late-night NBC shows. It all started with “Kudlow & Cramer” in 2002. In 2005, he started his current show, “Mad Money with Jim Cramer,” which airs on CNBC. Jim Cramer makes $5 million a year as host of Mad Money.
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Jim Cramer Assets, House, Car Collection
Jim Cramer, the renowned American television personality, author, and former hedge fund manager, has amassed a significant net worth of approximately $150 million as of 2024. His wealth is a testament to his successful career in the financial world, which includes hosting CNBC’s “Mad Money” show and co-founding TheStreet.com.
Cramer owns several luxury assets, including a lavish 14,000-square-foot residence in Downtown New York City, which he acquired for an estimated $16 million. He also has a collection of high-end vehicles, such as a Lamborghini Aventador and a Land Rover Discovery.
In addition to his primary residence in New York City, Cramer owns other properties, including the DeBary Inn in Summit, New Jersey, which he purchased along with four other investors in 2009. He also owns a restaurant and bar called Bar San Miguel in Carroll Gardens, Brooklyn, which he co-owns with his wife.
Furthermore, Cramer has a 65-acre estate in the countryside of New Jersey. Cramer’s impressive net worth and asset portfolio are the result of his successful career as a hedge fund manager, author, and television personality. His dedication and expertise in the financial industry have allowed him to accumulate significant wealth and enjoy a luxurious lifestyle.
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