Profile
American TV personality, Author and Hedge Fund Manager
#3 in TV Hosts today
As of 2024, Jim Cramer’s net worth is $200 Million US Dollars. Cramer earns a $12 million salary annually from CNBC through television hosting. He is also a successful investor and a major portion of his wealth has come from trading in Derivatives.
Not many know that, Jim Cramer runs a private hedge fund for some of the celebrities in Hollywood. He charged 8% commission on profits. Cramer manages asses of Clint Eastwood, Kate Winslet and Christina Applegate.
Top Losses
Memorex Telex: Cramer invested heavily in this memory storage company, ultimately losing 90% of his investment as it fell from $2 to $0.20 before bankruptcy. He lost an estimated $11 million from this trade.
Bear Stearns: Cramer recommended this investment shortly before its collapse, resulting in a net worth loss of approximately $5 Million for him personally.
Merrill Lynch: After advocating for this stock, Cramer lost about $3.2 Million when it plummeted during the financial crisis. He was later sued by many people for inducing them to invest in this stock but the court quashed the lawsuit.
Annual Earnings
Jim Cramer has authored many successful books through which he earns $3 million in royalty income each year. He is also a Hedge Fund Manager and earns $9 million in compensation annually. Cramer’s stint on CNBC is well known and he earns $12 million yearly income through his TV show.
Jim Cramer House
Jim Cramer lives in his 5-bedroom luxury penthouse in Beverly Hills, California. Cramer bought his property in 2017 for an estimated $11 million.
Cramer also owns a huge 19th-century villa in Florida, where he spends his Winters. Both these properties are included while computing his assets portfolio.
Cars
Jim Cramer is a huge car enthusiast and owns 19 cars in his garage. Cramer owns two Bentleys, One Lamborghini, One McLaren, Two Mercedes, and One Porsche. He also has a collection of 7 vintage cars that he bought at auctions, with a current value of $5 million.
Jim Cramer Net Worth 2024 (Forbes)
| Net Worth | $200 Million |
| Net Worth before 2008 | $64 Million |
| Salary | $12 Million |
| Annual Income | $25 Million |
| Stock Portfolio | $71 Million |
Jim Cramer Stock Picks
- Netflix
- Meta
- Halliburton Company
- McKesson Corporation
- Salesforce
- Nvidia
- Microsoft
- Starbucks
- Walt Disney
- Wells Fargo
- Costco
Mad Money Show
In 2005, Jim Cramer began hosting his own television show, “Mad Money with Jim Cramer,” on CNBC. Jim Cramer’s net worth increased by 150% due to this show.
The show, which focuses on stock market analysis, investment advice, analysis of a company assets and liabilities, and interviews with business leaders, became highly popular and helped Cramer gain a wide audience.
Known for his animated and enthusiastic style, Jim Cramer offers investment and wealth management recommendations and discusses market trends and individual stocks on the show.
Jim Cramer earns an annual salary of $12 million from CNBC, which also includes his contributions to podcasts.
Jim Cramer, host of CNBC’s “Mad Money,” has made a lot of money by giving investment advice. He co-founded a hedge fund, Cramer Berkowitz, which had a 24% annual return from 1987 to 2000. He also co-founded TheStreet.com, adding to his net worth, which is about $200 million in 2024.