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Jim Cramer
United States
Net Worth
$150M
Source of Wealth
Hedge Funds, CNBC, TheStreet
Global Rank
#106 of 157
About Jim Cramer
James Joseph Cramer is the most famous stock picker in American television history. As host of CNBC's 'Mad Money with Jim Cramer' for 19 years (2005-2023), he brought Wall Street to Main Street with his trademark energy, sound effects, and the iconic 'Booyah!' that became a cultural phenomenon.
Before television made him a household name, Cramer was a serious Wall Street player. After graduating from Harvard College and Harvard Law School, he lived out of his car while working as a journalist, then talked his way onto the Goldman Sachs trading desk. In 1987, he founded his own hedge fund, Cramer & Company (later Cramer Berkowitz), which reportedly averaged 24% annual returns over 14 years — a track record that would make any fund manager proud.
In 1996, Cramer co-founded TheStreet.com, one of the internet's first financial media companies, taking it public at the height of the dot-com boom. His ability to explain complex financial concepts in plain English, combined with his manic energy and genuine passion for helping individual investors, made him the most recognized voice in financial media for two decades.
Cramer retired from Mad Money in December 2023 after 4,713 episodes, leaving behind a legacy as the man who democratized stock market education and made millions of Americans feel empowered to invest.
Key Achievements
24% Annual Returns Over 14 Years
Cramer's hedge fund, Cramer & Company (later Cramer Berkowitz), reportedly delivered 24% average annual returns from 1987 to 2001 — consistently beating the market.
4,713 Episodes of Mad Money
Hosted CNBC's Mad Money from 2005 to December 2023, broadcasting 4,713 episodes and becoming the most watched financial television personality in history.
Co-Founded TheStreet.com
In 1996, co-founded one of the internet's first financial media companies, proving that quality financial journalism could thrive online. Took it public in 1999.
Goldman Sachs Trading Desk
Worked on Goldman Sachs's proprietary trading desk in the 1980s, learning institutional-grade trading before launching his own fund.
Democratized Stock Market Education
Made stock analysis accessible to millions of everyday Americans who had never engaged with markets before, creating a generation of informed retail investors.
Notable Quotes
“There's always a bull market somewhere!”
— Jim Cramer
“Bulls make money, bears make money, pigs get slaughtered.”
— Jim Cramer
“Buy and homework, not buy and hold.”
— Jim Cramer
“Every once in a while, the market does something so stupid it takes your breath away.”
— Jim Cramer
“The key to making money in stocks is not to get scared out of them.”
— Jim Cramer
Key Decisions
Graduated from Harvard College, then worked as a reporter at the Tallahassee Democrat — at one point living out of his car.
Graduated from Harvard Law School and entered the financial industry, eventually landing at Goldman Sachs.
Founded Cramer & Company hedge fund with $500,000, beginning a 14-year run of 24% annual returns.
Co-founded TheStreet.com with Marty Peretz, pioneering online financial journalism.
Retired from his hedge fund to focus on media and education, transitioning from trader to teacher.
Launched Mad Money on CNBC, creating the most popular financial television show in history.
Delivered his famous 'THEY KNOW NOTHING!' rant on live television, warning that the financial system was collapsing.
Retired from Mad Money after 4,713 episodes and 19 years, leaving as the most recognizable face in financial media.
Early Life
Born February 10, 1955, in Wyndmoor, Pennsylvania, Cramer grew up in a middle-class family. His father sold packaging and his mother was an artist. He graduated magna cum laude from Harvard College in 1977, worked as a journalist at the Tallahassee Democrat and then American Lawyer magazine. He famously lived out of his car during his early journalism days. He later attended Harvard Law School, graduating in 1984, before pivoting to finance.
Companies & Ventures
Cramer & Company (Cramer Berkowitz)
Founder & Portfolio Manager · Est. 1987
Hedge fund that delivered reported 24% average annual returns from 1987 to 2001. Started with $500,000 and grew to manage hundreds of millions in assets through concentrated stock picking.
TheStreet, Inc.
Co-Founder · Est. 1996
One of the internet's first financial media companies, providing stock analysis, news, and commentary. Went public in 1999 during the dot-com boom. Later acquired by Maven in 2019.
Life Lessons & Insights
Rock Bottom Is Just the Starting Line
Living out of his car after Harvard, Cramer could have given up. Instead, he used the hunger and desperation as fuel to build a career that made him a household name.
Energy Is a Competitive Advantage
Cramer's manic enthusiasm wasn't an act — it was a genuine passion that audiences connected with. In any field, caring more than anyone else is an unfair advantage.
Teach What You Know
After making his fortune trading, Cramer's greatest impact came from teaching millions of everyday Americans how to invest. Knowledge shared multiplies; knowledge hoarded dies.
Admit When You're Wrong
Cramer made calls that didn't work out — and took heat for it publicly. But he always came back the next day, owned his mistakes, and kept trying to help people.
Deep Dives
Go deeper into what makes Jim Cramer exceptional.
Explore More
See how Glen Bradford applies these principles to his own investing. Long Fannie Mae & Freddie Mac junior preferred — and not going anywhere.