Jim Cramer has a net worth of $100 million and is most widely known for being the host of the CNBC show Mad Money. The show is all about stocks and offers trading advice to it’s viewers from Cramer with his in your face and high energy style and physically busy looking set. I’ve seen Mad Money a few times here and there, but am by no means a constant viewer, so I don’t know much about the guy, but here are five things you didn’t know about Jim Cramer.
5. He attended Harvard University
Cramer attended Harvard for both his undergraduate and law school degrees, which is pretty impressive. Harvard is no easy school to get into, but Cramer actually graduated magna cum laude, which means he held a 3.7-3.9 GPA while there, which is a pretty phenomenal thing to do.
4. He’s a Phillies Fan
Cramer was born and raised in Wyndmoor, Pennsylvania which is located slightly outside of Philadelphia. When he was a kid, one of his first jobs and favorite things to do was head down to Veterans Stadium and sell ice cream on the hot summer days when baseball season was in full swing. I honestly don’t know if there is any greater job than that when you’re a kid.
3. He started his own hedge fund
Cramer had started investing in stocks during college and seemed to be pretty good at it. He started picking up traction with his successful investments and eventually earned a stockbroker job with Goldman Sachs. He found more success at Goldman Sachs which eventually led him to open up his own hedge fund company originally called Cramer & Co. During his 14 years with the company they averaged a 24% average annual return.
2. His job with CNBC prohibits him from trading stocks
As I mentioned, Cramer’s life is revolved around investments and how to properly play the stock market. Before he was the host of Mad Money, Cramer was accused of boosting his personal funds by purchasing shares of a company that he was recommending before he released the articles. As a result, his contract with CNBC prohibits him from trading any stock with his personal funds.
1. He originally had a show lined up with Fox News
Back in 2000 Cramer supposedly had a deal lined up with Fox News to host a show produced for their channel; however, the deal fell through. Fox claims that Cramer was the one who dropped out of the deal but conflicts between him and the company arose after he supposedly was promoting his website, TheStreet.com’s stock on air.
Photo by Rusty Jarrett/Getty Images
