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Biography – A Short Wiki
Jim Cramer Net Worth – Jim Cramer has great net worth as well as fame plus fortune. He has got a net worth of around $100 million and he has immense knowledge in stock and shares.
About Jim Cramer
Jim Cramer was born in the year 1955. He is an American television personality, a best selling author and the chairman of TheStreet.com Inc.
As a TV show host
He hosts the TV show CNBC’s Mad Money. His energy in the TV show is awesome to see. He uses his energy to entertain the audience and gives ideas for them to earn a lot like him. He gives information about each stock and about how to move them further.
Cramer was working as a journalist in the beginning from which he didn’t make much money. He was even bankrupt at times that he had to live in his car. He again went to Harvard Law School and got a passion for stock market which paved the way for Jim Cramer massive net worth.
Jim Cramer got a Juris Doctor degree from the Law School and always wanted to become a prosecutor. Since his grades were not good enough he was denied employment. Because of his stock picks work, The New Republic owner Martin Peretz was impressed and gave him money to invest for his company.
Jim Cramer net worth is of over $100 million. He initially worked in Goldman Sachs and spent lots of time researching about stocks and became a genius in the field. He had only one negative year between the years 1988 to 2000. The average annual returns are of 24% over the years.
He used to take home more than $10 million per year when he was in the peak. This brought him fame and fortune. These days Cramer has stopped his activities from trading stocks because of the agreement with CNBC. He is eligible to own the stocks of TheStreet , General Electric and Comcast , which currently owns CNBC. This prevents the growth of Jim Cramer net worth. He is spending more time in making his audience make money than himself.
Charitable trust
His charitable trust namely “Action Alerts PLUS” has outpaced other charitable trusts in the time between 2002 until May 2009 accumulating a return of 31.75%.
Cramer has also appeared in the 2008 movie named Iron Man where he spoofs Stark Industries in his show Mad Money. He also appears in the movie Wall Street: Money Never Sleeps. On March 2009, Jon Stewart interviewed Cramer on The Daily Show. He also challenged Cramer’s recommendations of Bear Stearns.
Jim Cramer Net worth teaches us that there is no need of any formal education to make money in the stock market. Though his net worth is going to remain constant, he is encouraging to increase the same in others lives.
