Jim Cramer has taken many roles in his career: hedge fund manager, TV host, best-selling author, and founder of several highly successful businesses. He’s an American television personality most known for his appearances on his own investing show: Jim Cramer’s Mad Money. Thanks to all these ventures and investments, he’s accumulated millions in net worth. In 2024, Jim Cramer’s net worth amounts is estimated at about $150 million.

Let’s dive into Jim Cramer’s net worth, career, and life in general to see how he was able to be so successful.

Jim Cramer’s Net Worth Breakdown:

Jim Cramer is generally hush-hush with his own financials and doesn’t reveal many specifics about investments or salaries but we were able to build a comprehensive break down of his net worth and form an informed estimate. Here is what we know:

Asset Contribution
Cramer Co. income 24% average annual return
CNBC annual salary Approx $5 million
Thestreet.com sale $16.5 million
Smart Money magazine income At least $2 million stock investment
Book royalties $3+ million annually
Real estate portfolio $5+ million
Stocks in other companies N/A
Total Net Worth $150 million

After his graduation, Cramer worked at the Tallahassee Democrat, followed by the Los Angeles Herald Examiner. He worked as an entry-level reporter and started building on his journalism skills. Soon enough, he became one of the first who covered the Ted Bundy murders, and he even worked for Jerry Brown, the Governor of California at the time.

Jim Cramer’s Early Life

James Joseph Cramer or, as we know him Jim Cramer, was born on February 10, 1955, in Wyndmoor to mother Louise and father Ken. Cramer wasn’t exactly raised poor – his father owned a successful packaging company and his mother was an artist.

Jim Cramer studied at Springfield Township High School, followed by his time at Harvard College. He graduated magna cum laude from Harvard Business School in 1977, where he worked as the editor-in-chief of the Harvard Crimson newspaper. He has a Bachelor of Arts degree.

After his graduation, Cramer worked at the Tallahassee Democrat, followed by the Los Angeles Herald Examiner. He worked as an entry-level reporter and started building on his journalism skills. Soon enough, he became one of the first who covered the Ted Bundy murders, and he even worked for Jerry Brown, the Governor of California at the time.

Later on, Jim Cramer would return to Harvard to study Law. Even at a very young age, he was interested in the stock market. He made early investments in the market to cover his university expenses.

Jim Cramer Net Worth: The Beginnings and Success of the Former Hedge Fund Manager

Jim Cramer has dabbled in many ventures over the years. From journalism to stock market investments to hedge funds to TV appearances – he’s done it all.

Let’s jump into his story to learn how he accumulated those millions.

Cramer as a Hedge Fund Manager

Cramer started accumulating money early and was a millionaire before the age of 30!

But, how did it all begin?

Cramer & Co.

In 1985, a year after his graduation, Cramer was admitted to the New York State Bar Association. But, he decided to pursue another path. In fact, he was so disinterested in this career path, that he lost his license to practice law in 2009 due to unpaid registration fees.

Following his graduation from Harvard Law School, Cramer started working as a stockbroker at Goldman Sachs.

He left Goldman Sachs in 1987 to start Cramer & Co., his own hedge fund. This company would later be renamed Cramer, Berkowitz & Co. Some of the early investors in this venture were Eliot Spitzer, Martin Peretz, and Steve Brills.

Cramer & Co. was a very profitable venture. Jim Cramer managed to raise $450 million in $5 million increments during his tenure. He received 20% of the profits, so the hedge fund company certainly helped grow his fortune.

jim cramer at cramer and co

He produced a 24% average annual return over 14 years working as a hedge fund manager at the company from 1987 to 2001.
Even so, in 2001, Cramer retired from the position of a hedge fund manager. Jeff Berkowitz, his partner, took over the hedge fund Cramer Berkowitz.

TheStreet.com

In 1987, Jim Cramer co-founded Thestreet.com, a website that would bring him mad money later on (pun intended). The website was a financial news and services website that went public in 1999.

Jim Cramer’s net worth became significantly larger thanks to his 15% stake at TheStreet.com. In 1999, the website’s market cap was $1.7 billion, setting its stake at $255 million.

So, why does he have less now?

Well, the dotcom crash did its damage, so Jim Cramer’s stake was worth $15 million after the peak of the dotcom bubble.

Eventually, Jim Cramer sold TheStreet.com for $16.5 million to The Maven in 2019.

SmartMoney Magazine

The former hedge fund manager also worked for SmartMoney Magazine. He was their Editor-at-Large, but this venture didn’t exactly pan out – at least not for his reputation.

During his time at Smart Magazine, Cramer was accused of unethical practices. He made a fortune of $2 million when he bought stock before his article with recommendations was published.

This might have built up Jim Cramer’s net worth, but it put a bit of a dent in his reputation.

Jim Cramer as a TV Personality

When Cramer retired from hedge fund management, he turned to TV appearances. In the late 1990s, he was often featured on CNBC as a guest commentator.

Eventually, he would be given his own show called “Kudlow & Cramer”, which he co-hosted with Larry Kudlow between 2002 and 2005.

jim cramer on cnbc
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When this show ended, he aired in an even more successful program. In 2005, he started hosting the show Mad Money with Jim Cramer, one where he discloses his positions in regard to various stocks publicly with the audience and gives out investment advice. CNBC’s Mad Money is still an active show – and a very popular one, too.

 

At about the same time, and until 2006, he also hosted a one-hour radio show called Jim Cramer’s Real Money. The syndicated radio show was a big success.
In 2005, CNBC also produced a show called Squawk on the Street and made Jim Cramer its co-anchor. The show had initially one hour of airtime, now extended to two hours.

In addition to his CNBC show hosting, Cramer has also appeared on other shows including:

  • NBC Nightly News
  • The Tonight Show with Jay Leno
  • The Daily Show with Jon Stewart

Jim Cramer as an Author

Jim Cramer’s wealth also comes from his book writing. He’s written and published 7 books, some of which found their spot in the bestseller lists. These are:

  • “You Got Screwed! Why Wall Street Tanked and How You Can Prosper” in 2002
  • “Confessions of a Street Addict” in 2002
  • “Jim Cramer’s Real Money: Sane Investing in an Insane World” in 2005
  • “Jim Cramer’s Mad Money: Watch TV, Get Rich” in 2006
  • “Jim Cramer’s Stay Mad for Life: Get Rich, Stay Rich” in 2007
  • “Jim Cramer’s Getting Back to Even” in 2009
  • “Jim Cramer’s Get Rich Carefully” in 2013
jim cramer get rich carefully
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Jim Cramer earns money from his books, though it’s not exactly known how much (the estimate is over $3 million so far). This also includes his speaking engagements, for which he charges between $30,000 and $50,000 per speech.

What Else Does Jim Cramer Invest In?

The host of Mad Money has quite a diversified investment portfolio. He has major real estate holdings, not to mention many investments in stocks he’s accumulated over the years. While he publicly shares his investment finance opinions on the show Mad Money, his stake in companies is not public information.

Here is what we know about the investments of Jim Cramer.

Real Estate Portfolio

Notably, Jim Cramer has properties in New Jersey, Summit, and Carroll Gardens.

He has owned the DeBary Inn in Summit, New Jersey since 2009. This home was worth over $2 million, but he sold the property to his ex-wife Karen Backfisch as part of the divorce settlement for $1 million.

In 2008, Jim Cramer purchased another property in Summit for $4.7 million. He owns another home in Quogue, New York, and a smaller estate in New Jersey’s countryside.

Another part of his real estate portfolio, and a rather interesting one, is his Mexican restaurant. Jim Cramer owns Bar San Miguel in Brooklyn.

Stock Market Investments

Some of the stocks Jim Cramer has promoted over the years, in his books and on TV, and possibly the ones he’s invested in, too, include:

  • Netflix
  • McKesson Corporation
  • Meta
  • Starbucks
  • Walt Disney
  • Microsoft
  • Salesforce
  • Wells Fargo

What Can We Learn From Jim Cramer’s Success?

Jim Cramer is relentlessly dedicated to finance. He obtained a law degree but tossed that idea aside to follow his passion for the stock market and investments.

This teaches us that stepping out of your comfort zone, even when it’s the more difficult path, can be a fantastic idea if you are talented and persistent enough. A lot of the time success depends on passion, and that’s exactly what Jim Cramer has followed throughout his life and career.

He also shows us that, in life, you can have more than one passion. His varied portfolio and quite diverse career choices demonstrate that one can be good at many things, and use their strengths to amass a tremendous net worth.

Today, Jim Cramer is one of the most trusted investment advisors in the world, not only because of his knowledge of finance but also his ability to turn intricate information into easily understandable insights for a broad audience.