Jim Cramer: Biography, Career, and Business Insights

Jim Cramer’s Profile Summary

Company	CNBC
Position	Jim Cramer is the host of Mad Money, a financial television program on CNBC, where he provides investment advice and commentary on the stock market. He also serves as a CNBC contributor, providing analysis and insights on financial news.
Source of wealth	Management and performance fees from Cramer Berkowitz, television salary from CNBC, book sales, and speaking engagements.
Also known as	Author of investment books. Co-founder of TheStreet, Inc. Financial commentator
Age	70
Education	Harvard College - Bachelor's degree in Government
Citizenship	United States
Residence	New York City, USA
Family	Jim Cramer's immediate family includes his wife, Lisa Detwiler, and his two children, who are named as well.
Website, Social Media	https://www.cnbc.com/mad-money/ https://x.com/jimcramer

Jim Cramer’s biography

Jim Cramer was born on February 10, 1955, in Wyndmoor, Pennsylvania. He graduated from Harvard College in 1977, where he earned a degree in government. After college, he began his career in finance as a stockbroker at Goldman Sachs. Cramer later co-founded Cramer Berkowitz, a hedge fund, which he managed from 1987 until 2001. His television career began with The Street, an online financial news website he co-founded in 1996. In 2005, he joined CNBC, where he gained widespread recognition as the host of Mad Money, known for his energetic style and "Lightning Round" segments. Cramer is also an author, having written several books on investing and the stock market, including Real Money: Sane Investing in an Insane World. Additionally, he is a co-founder of TheStreet, Inc., a financial news and services website. Cramer has been a polarizing figure in finance, often praised for his insights and criticized for his stock picks, making him a notable personality in both investing and media.

How did Jim Cramer make money?

Jim Cramer makes money in the following areas:

Management and performance fees from Cramer Berkowitz, television salary from CNBC, book sales, and speaking engagements.
What is Jim Cramer net worth?

As of 2025, Jim Cramer’s net worth is estimated to be $150M.

What is Jim Cramer also known as?

Jim Cramer is a prolific author, known for his books on investing, such as Real Money and Get Rich Carefully, where he shares his investment philosophy and strategies with a broader audience. As the co-founder of TheStreet, Inc., he helped create a popular platform for financial news and analysis, which offers insights into stock market trends and investment opportunities. Additionally, Cramer is recognized as a financial commentator, providing expert opinions on various media platforms, particularly during significant market events, thereby influencing public perceptions of investing.

Prominent achievements of Jim Cramer

Co-founder of TheStreet, Inc. Author of several bestselling investment books. Host of Mad Money, which has received multiple awards for financial journalism. Inducted into the National Association of Securities Dealers (NASD) Investor Advisory Committee. Recognized by various financial media outlets for his contributions to investment education. Awarded the "Best Financial News Program" by the Financial News Network.

What are Jim Cramer’s key insights?

Jim Cramer’s business philosophy emphasizes the importance of research and understanding the market before making investment decisions. He advocates for individual investors to take control of their portfolios, encouraging them to educate themselves about stocks and market trends. Cramer is known for his "buy and hold" strategy, focusing on investing in quality companies with strong fundamentals while also cautioning against speculative trading. His insights often revolve around being proactive rather than reactive in the market, and he emphasizes the value of diversification.

Jim Cramer’s personal life

Jim Cramer has been married twice; his first marriage was to Karen Backfisch-Olufsen, with whom he shares two daughters, both of whom have largely stayed out of the public eye. In 2015, he married Lisa Detwiler, who is a real estate broker. Cramer is known to be very private about his family life, focusing more on his professional endeavors.

Useful insights

Advanced strategies for stock and Forex traders

As you progress in your trading journey, it is important to explore more advanced strategies. These books dive deeper into technical analysis and trading psychology, helping traders improve their edge.

John Bollinger – "Bollinger on Bollinger Bands"
- Summary:
  
  Bollinger, the creator of Bollinger Bands, provides an in-depth explanation of how to use this technical indicator to measure market volatility and identify trading opportunities. The book includes detailed examples of how Bollinger Bands can be applied in various market conditions.
- Why read it:
  
  Understanding how to use technical indicators like Bollinger Bands is crucial for identifying market trends and making informed decisions. This book is essential for traders looking to master volatility-based strategies.
Al Brooks – "Trading Price Action Trends"
- Summary:
  
  Brooks focuses on price action trading, a strategy that relies on interpreting raw price movements without the use of lagging indicators. His book teaches how to read price charts, identify trends, and use support and resistance levels effectively.
- Why read it:
  
  As one of the purest forms of technical analysis, price action trading can significantly enhance a trader's ability to react to market movements. Traders seeking a deeper understanding of market behavior will find Brooks' insights invaluable.