Is Jim Cramer married? Yes, he is. His wife’s name is Lisa Cadette Detwiler who is best known for serving as a real estate broker as well as the GM of a Brooklyn Italian bistro/restaurant called The Longshoreman. The couple celebrated their wedding on April 18, 2015, in Brooklyn, New York, the United States of America. They dated for over a year before getting married.
Regarding his past relationship, he was married to Karen Backfisch in 1988. His first wife was a trader in Steinhardt’s firm. The couple sole their house located in New Jersey in 1999. From their conjugal life, the pair welcomed two children both being daughters named Emma and Cece Cramer. Cramer and Backfisch got divorced in 2009 ending their 21 years of married life. Scroll down to explore more interesting personal facts and biography of Cramer:
Who is Jim Cramer?
Born as James J. Cramer, he landed the planet on February 10, 1955, which makes his age be 65 years old as of 2020. By profession, he is an American famous stock-picker and television personality. He is widely known for serving as the host of CNBC’s finance television program Mad Money. He is also noted for being a former hedge fund manager and co-founder of TheStreet.com. Before launching Mad Money, he co-hosted a business and politics television program called Kudlow & Cramer along with Larry Kudlow (born on August 20, 1947).
Early Life and Education
Cramer was born in 1955 and his place of birth is in Wyndmoor, Springfield Township, Pennsylvania, United States of America. Talking about his family background, he was born to the parents named N. Ken Cramer (father) and Louise A. Cramer (mother). His parents were Jewish where his mother was an artist and his father used to own c company called International Packaging Products.
Regarding his education and academic achievements, he attended Springfield Township High School. Later, he was enrolled at Harvard College from where he received his Bachelor of Arts degree in government in 1977. Being interested in journalism, he served The Harvard Crimson as its Editor-in-Chief and President. He started learning about stocks when he was in fourth grade. From Harvard Law School, he received a Juris Doctor degree in 1984. He started investing in stock since the time of his in law school. To cover his tuition fees, he used to get involved in trading.
Career and Professional Life
During his early days, he used to sell Coca-Cola and Ice creams. He started working as an entry-level reporter where he used to receive a salary of 15,000 USD annually. He started his work at the Tallahassee Democrat in Tallahassee, Florida on March 1, 1978. He was seen covering various incidents including the Ted Bundy murders. He made his writing journey by working for the Los Angeles Herald-Examiner writing obituaries.
He has struggled really hard in his early days where he was forced to live out of his car for 9 months because his apartment was robbed. He also worked for then Governor of California Edmund Gerald Brown Jr. (born on April 7, 1938). He played a crucial role in launching American Lawyer magazine where he is one of the first reporters.
While he was at Harvard, his alumnus Michael Kinsley made him get introduced to Martin Peretz (born on December 6, 1938), the owner of The New Republic magazine who made him offer to write a book review. Peretz was impressed by Cramer’s trading and offer him 500,000 USD to invest. In a couple of years, Cramer made about 150,000 USD for Peretz.
He turned as a stockbroker at Goldman Sachs in 1984 and spent his time in trading and sales. The following year, he was the part of the New York State Bar Association too. Because of not paying the registration fee, his practicing license was suspended on April 2, 2009. He left his job at Goldman Sachs in 1987 in order to initiate his hedge fund called Cramer & Co. he retired from managing the hedge fund in 2001. During his fourteen years of tenure, he made an average annual return of 24%.
He also contributed to the SmartMoney magazine by being its “editor at large”. His recommendation article was published after buying stocks which made him accused of unethical practices during which he made a profit of 2 million USD. With Martin Peretz, he launched financial news and financial literacy website, The Street.com in 1996. For paid subscribers of the site, he provides transaction details. TheMaven acquired the company in August 2019 for 16.5 million USD.
Moving towards his television career, he started making his appearance as a guest commentator in the late 1990s on CNBC. With Larry Kudlow, he started co-hosting a show called Kudlow & Cramer from 2002 to 2005. In 2005, his new show called Mad Money was launched on CNBC for making people be a better investor. He was also featured in the 2008 motion picture Iron Man and also in the movie Wall Street.
Jim Cramer is married to Lisa Cadette Detwiler since April 18, 2015. They have been experiencing a happy conjugal life together for more than five years. From his previous marriage to a trader of Steinhardt’s firm, Karen Backfisch, he is a father to two daughters named Cece Cramer and Emma Cramer.
At present, Cramer resides in New Jersey where he owns a 65-acre estate. He also owns a house in Quogue, New York. With his wife, he owns a restaurant named Bar San Miguel as well as a bar serving Mexican cuisine in Brooklyn. Talking more about his personal life, Cramer is an avid fan of Philadelphia Eagles.
American television personality Jim Cramer stands at an average height of 5 feet and 6 inches. He weighs about 80 kilograms making him a BMI calculation slightly above the average index. He appears a bald head from the front. Jim must be following a healthy lifestyle and no information about his illness is recorded in his wiki.
Salary and Net worth
Mad Money host Jim Cramer has an estimated net worth of 100 million USD. He has experienced a successful professional journey in which he started doing small jobs like selling Coca-Cola and ice-creams. He made a good amount of earnings during his time at hedge fund from 1987 to 2001 during which he experienced a negative return from only one year.
He is also receiving a handsome figure of salary for his television credits. His other media appearance other than CNBC includes Today, Cheap Seats, Live with Regis and Kelly, NBC Nightly News, The Tonight Show with Jay Leno, Late Night with Conan O’Brien, Late Show with David Letterman and many more. He was interviewed on The Daily Show by Jon Stewart in March 2009.
Wiki and Facts
The biography of Jim Cramer is prepared by various wiki sites including Wikipedia and IMDb. Join him on Twitter @jimcramer where he is being followed by more than 1.2 million followers. He is also active on Instagram @jimcramer where he has garnered over 35k followers. His Facebook profile is available @JimCramerica.