Who is Jim Cramer?
Jim Cramer (born James Joseph Cramer) is an eminent American television personality, author, and former hedge fund manager. He is the host of Mad Money on CNBC and an anchor on Squawk on the Street. He went on and worked for Goldman Sachs after graduating from Havard College and Havard Law School. And then became a hedge fund manager, founder, and senior partner of Cramer Berkowitz.
He co-founded TheStreet, which he wrote for from 1996 to 2021. From 2002 to 2005, he hosted Kudlow & Cramer. Mad Money with Jim Cramer first aired in 2005 on CNBC. Jim has written several books including; Confessions of a Street Addict (2002), Jim Cramer’s Real Money: Sane Investing in an Insane World (2005), Jim Cramer’s Mad Money: Watch TV, Get Rich (2006), and Jim Cramer’s Get Rich Carefully (2013).
How Old Is Jim Cramer?
He is 68 years old as of April 2023, having been born on February 10, 1955, in Wyndmoor, Pennsylvania, U.S. Jim Cramer shares his birthdate with celebrities such as; Emma Roberts, Chloë Grace Moretz, Brianna Mizura, FaZe Kay, and many more.
Jim Cramer Family
Who are Jim Cramer’s Parents?
He was born to Ken Kramer (Father, 1922-November 20, 2014) and Louise A. Cramer (Mother, 1928-1985). His father owned International Packaging Products, a Philadelphia-based company that sold wrapping paper, boxes, and bags to retailers and restaurants. Whereas his mother was an artist.
Does Jim Cramer have Siblings?
He has a sister by the name of Nan Cramer.
Jim Cramer Education
He received his high school education at Springfield Township High School where he graduated in 1973. There, he competed for the high school track team. After high school, he attended Havard College, where he graduated magna cum laude in 1977 with a Bachelor of Arts in government. While at Havard, he was the president and editor-in-chief of The Havard Crimson. Additionally, he was a National Merit Scholar. He then received a Juris Doctor degree in 1984 from Harvard Law School.
Jim Cramer Wife
He is married to the love of his life Lisa Cadette Detwiler (born in 1965) a popular real estate agent. They married on April 18, 2015. However, he was previously married to Karen Backfisch-Olufsen, and they were married from 1988 to 2009.
Jim Cramer Kids
He has two kids with his ex-wife Karen Backfisch-Olufsen. Two daughters by the name of Emma Cramer and Cece Cramer.
Jim Cramer Early Career
beginning March 1, 1978, he worked for the Tallahassee Democrat. There, he was one of the first people to cover the Ted Bundy murders since he lived only a few blocks away. Also, he worked for the Governor of California Jerry Brown. And was one of the first reporters at American Lawyer. While he attended law school, he started investing in the stock market. He made enough from trading to cover his tuition. During his time in law school, he worked as a minor research assistant for Alan Dershowitz.
A Career at Goldman Sachs
He worked in sales and trading at the New York investment bank Goldman Sachs in 1984. The following year, he was admitted to the New York State Bar but did not practice. On April 2, 2009, his license to practice law was suspended. This was after he did not renew his resignation.
A Career at Hedge Fund
He left Goldman Sachs and started a hedge fund, Cramer & Co in 1987 (later Cramer, Berkowitz & Co). The fund operated out of the offices of hedge fund manager Michael Steinhardt. Early investors included friend and Havard classmate Eliot Spitzer, Steve Brill, and Martin Peretz. Jim raised $450 million in $5 million increments and received a fee of 20% of the profits he generated. On the Friday before Black Monday (1987), he says he sold all of his stocks. He says from 1988 to 2000, he had only one year of negative returns – 1998, a year when the S&P 500 Index. The underperformance in 1998 led to significant investor withdrawals. In 2001, he retired from managing the hedge funds. The fund was then taken over by his former partner Jeff Berkowitz.
A Career at SmartMoney
He was an “editor at large” for SmartMoney magazine. However, he was accused of an unethical practice when he made a $2 million personal gain. This was after buying stocks before his recommendation article was published, though he was candid in the article that he had published the stock.
A Career at TheStreet
He and Peretz launched TheStreet in 1996. TheStreet is a financial news and investment website. In August 2019, TheMaven acquired the company for $16.5 million.
A Career at CNBC
In the late 1990s, he was a frequent guest commentator on CNBC. From 2002 to 2005, he co-hosted Kudlow & Cramer (first called America Now) with Larry Kudlow. In 2005, Mad Money with Jim Cramer first aired on CNBC. The stated goal of the show is to provide people engaging in do-it-yourself investing with “the knowledge and the tools that will empower you to be a better investor”.
A Career in Other Media Appearances
He hosted a one-hour radio show, Jim Cramer’s Real Money until December 2006, which spawned Mad Money. In 2005, he appeared as himself in two episodes of Arrested Development, He announced that he had upgraded Bluth Company stock to a “Don’t Buy” from a “Triple Sell” and then said that the stock was not a “Don’t Buy” anymore, but a “Risky”. Dan Rather interviewed Jim on 60 Minutes on November 13, 2005. Among the topics of discussion was Cramer’s past as his hedge fund, including his former violent temper.
Moreover, he has made appearances on Today, NBC Nightly News, Live with Regis and Kelly, Cheap Seats, Late Night with Conan O’Brien, The Tonight Show with Jay Leno, Late Show with David Letterman, Jimmy Kimmel Live! in February 2008. And was a guest judge on The Apprentice in January 2007 and was interviewed by Jon Stewart on The Daily Show in March 2009. Also, he appeared in the 2008 motion picture Iron Man spoofing Stark Industries on his show Mad Money. He also then appeared in the movie Wall Street: Money Never Sleeps. Also, he says he consulted for the original Wall Street movie by telling the filmmakers how he would get through to Gordon Gekko.
Jim Cramer Height and Measurements
Adding up to his well-built body is a height of 5ft 6 inches (1.68m) and a weight of 80kg (176 lbs).
Jim Cramer’s Salary and Net Worth
He has an annual salary of $5 million and a net worth of $150 million.