Jim Cramer is best known for his televised show on CNBC titled “Mad Money.” He’s an interesting character who has done a variety of things in the financial arena and he’s managed to amass a fortune that is worth over $100 million. This is a large net wealth and some are wondering how he did it. We looked into his past history and career and this is what we discovered.
His early life
He was born James J. Cramer in February of 1955 in the Philadelphia suburb of Wyndmoor, Pennsylvania. James was born into a Jewish family to Louise A. Cramer an artist and hsi father N. Ken Cramer was the owner of International Packaging products in Philadelphia. The company specialized n the sale of bags, boxes and wrapping paper to restaurants and retailers.
One of Jim’s first jobs was at a Veterans Stadium selling ice cream at local Phillies games. He graduated from high school and then enrolled in Harvard College where he earned a Bachelors degree in government in 1977, graduating magna cum laude. His journalism experience began in college when he became the President and Editor in Chief of the Harvard Crimson. He continued with his education at Harvard Law School where he earned is Juris Doctor degree in 1984.
Cramer started his career in 1978, accepting entry level jobs as a reporter. He was employed with the Tallahassee Democrat in Florida and was one of the reporters who covered the Ted Bundy murders. His superiors noticed that he was highly skilled and he knew how to get the stories that he was after. He also wrote for the Los Angeles Herald Examiner, but living in LA was far from a picnic as he was the victim of multiple home robberies during the time that he lived there. All of his possessions were stolen and he was forced to live in his car for an extended period of time. During his early career, Cramer worked for Governor Jerry Brown.
Other noteworthy assignments
James Cramer was a research assistant for Alan Dershowitz when he was a college student at Harvard Law School. He was fortunate to have the experience of watching Dershowitz’ pursue the campaign to have the infamous Claus Von Bulow acquitted, although Cramer was of the opinion that the man was guilty. He was admitted to the Bar of New York in 1985 with a license to practice law, but this was suspended in 2019 because Cramer failed to pay the required registration fee.
Cramer began investing money into the stock market when he was still a law school student. He investing funds for others and was successful in helping them put their money to work. He had an impressive track record as an investment broker and he became a stockbroker with Goldman Sachs in 1984. He was so successful that it put him in a position where he was able to establish his own hedge fund and attract investors. He became a multimillionaire in the business but this was just the start of what would become a very long and successful career.
Jim Cramer is the host of CNBC’s “Mad Money” and he o founded “TheStreet,” Inc, and he served as the chairman of the board for the company in 2010 to this day. He’s no longer in the management of hedge funds but he made tens of millions during his time in the business. These days he’s best known as a television personality and entrepreneur. He’s written multiple articles, reported on a variety of big national stories as a reporter and he has also become a best selling author. Syndication of his television show only added to his net wealth as he has pulled in a sizable salary for his contributions as a news and media personality. In addition to this, he has appeared as himself in a few episodes of the television series “Arrested Development,” on “Late Night with Conan O’Brien,” on Jimmy Kimmel Live!,” The Celebrity Apprentice” and on “The Tonight Show with Jay Leon” and “the Late Show with David Letterman.” He also appeared in the motion picture “Iron Man” in 2008.
Jim Cramer is a highly educated entrepreneur and television personality who has done a little bit of everything in his life. He was a wise stock investor and got his start in the stock market and diversified his interests and career from there. He’s made his $100 million fortune through a variety of wise investments and career interests.