Jim Cramer married, divorce, salary, net worth, affair, nationality, girlfriend, gay

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<p>Cramer is an American <a href="/biography/jim-cramer">television personality</a> and the host of CNBC's Mad Money. He is an <a href="/biography/jim-cramer">author</a>, co-founder of TheStreet.com, and a former hedge fund manager. He grew up in the Wyndmoor neighborhood of Philadelphia.</p>

<p>Cramer hosts the renowned show on CNBC, <em>Mad Money</em>, which started in 2005. He was a <a href="/biography/jim-cramer">commentator</a> on CNBC in the 1990s. He also hosted a radio show called <em>Jim Cramer's real money</em>.</p>

<h2>Family:</h2>

<p>He was born to Jewish parents in Pennsylvania on February 10, 1955, and he started selling ice cream during the Philadelphia Phillies games. His parents were hardworking and creative. His mother was an artist, and his father established a company that manufactured wrapping paper, boxes, and bags. He graduated with a B. A. in government from Harvard and started his work in journalism in college itself.</p>

<h2>Investment journey:</h2>

<p>Cramer started his investment journey while in law school; he was also promoting his stock picks. It took six months to get back on his feet before he made his way to Goldman Sachs. His record-making good stock picks were the main reason he got a job with Goldman Sachs as a broker. After his graduation, he worked in some entry-level positions related to reporting. He is at the Tallahassee Democrat and the Herald-Examiner as a journalist. He used to cover everything from sports to homicide. Then, he moved to New York to help start American Lawyer magazine. Cramer claimed that his worth is $50 to $100 million. His earnings from TheStreet.com were $461,276. He also manages a Charitable Trust portfolio related to TheStreet.com is through a subscription called action alerts.</p>

<p>He promoted his holdings, and famous people like <a href="https://en.wikipedia.org/wiki/Marty_Peretz">Martin Peretz</a> gave up to $500,000 to him for investing in the stock market. His success in the stock market gave him a chance to start his hedge fund called Cramer & Co. in 1987. Early investments came from his Harvard school friends and <a href="https://en.wikipedia.org/wiki/Michael_Steinhardt">Michael Steinhardt</a>, a hedge fund pioneer. He says that there is always a bull market, and he can help you to find it.</p>

<h2>Controversies:</h2>

<p>In 2007, there was a controversy when Cramer explained the methods followed by hedge fund owners to change the stock prices. He also explained how he could make quick money by planning an activity. He stated that what he does is legal but what was going on in the hedge-fund industry was illegal.</p>

<p>He quoted that" in the hedge fund market, it's important not to do something very truthful, the truth is very different from one's view. It becomes integral to make a new truth to create a fiction". He was the <a href="/biography/jim-cramer">owner</a> and significant partner in Cramer Berkowitz, and it is a hedge fund in which 24% annual compounded he assured return rate. This was after deducting all fees of 15 years. He finished this hedge fund in 2001 when he reported a return of 36% on his own money.</p>

<p>On March 2, 2009, when Cramer attacked <a href="/biography/barack-obama">President</a> <a href="/biography/barack-obama">Obama</a>'s spending strategies and how he handled the banking crisis, in a White House conference, he mentioned that he is responsible for "the biggest wealth destruction he has ever witnessed by a president." The White House shot back by saying that he has always been making comments on the economy and are only a comment.</p>

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<p>Still, Cramer replied and said that one should look at the decline in the stock market and all indices; we have also seen a decrease in profits in healthcare companies.</p>

<p>He is an example of an ambitious person with lots of energy. Cramer had earned $10 million each year during the 14 years when he was the <a href="/biography/jim-cramer">hedge fund manager</a>. He had only one year of negative returns. In 1994, Cramer founded "The Street.com," which used to provide advice on stock options. Cramer is the second-largest shareholder of the company, and at one point, the company used to have a value of $1.7 billion. As of 2015, however, Nasdaq has the market cap of "The Street.com" under $80 million.</p>

<h2>Presidential elections:</h2>

<p>Cramer told his Mad Money viewers just before the elections that they would deal with it regardless of its outcome. He said so to quiet the fears that have arisen from many investors have about the results. He said, however, the election could be a significant and lousy event for the markets; it's also a manageable one, just like all of the others.</p>

<p>Cramer has been around ever since the hyperinflation, the crash of 1987, the Great Recession to <a href="https://en.wikipedia.org/wiki/Brexit">Brexit</a>, and what was common among them is that the market survived all of them. He said that they would find something to buy and other things to sell regardless of the winner. He also pointed out that Trump's views on the inflated stock market could worry investors who rely on the stock to put food on the table. He said about Trump that he is sensitive to the overvaluation of stocks, but he surely doesn't mean to hurt anyone's pension or 410(k).</p>

<h2>Influential Quotes:</h2>

<p>He mentioned that he had lost tremendous amounts of money in various markets and that he thought that that's something that makes someone better at their job. Through his experience in hedge funding and investment advice, Cramer has become bound enough not to lose money.</p>

<p>He said that he stands up for what he believes and that everyone has the right to be rich in this country, and it's his role to help them get there. Cramer has always had that mentality of offering great advice on stock or investment in general; that's why he is a financial <a href="/biography/jim-cramer">superstar</a> who is mad with money. That should be the trait of the presenter of Mad Money.</p>

<h2>Personal Life</h2>

<p>Karen Backfisch, with whom he had two daughters, was Cramer's wife from 1988 to 2009. Cramer married Lisa Cadette Detwiler, a real estate broker, and the general manager of The Longshoreman, an Italian cafe/restaurant in Brooklyn, New York City, on April 18, 2015.</p>

<p>In an interview with The Carlos Watson Show, Cramer claimed that he has been battling mental health concerns related to his wrath, which he blames his father. Cramer is a <a href="/biography/jim-cramer">resident</a> of Summit, New Jersey. He also has a 65-acre estate in the New Jersey countryside and a Long Island's Quogue holiday home. The DeBary Inn in Summit, New Jersey, was bought by Cramer and four other investors in 2009. In addition, he and his wife run Bar San Miguel, a Mexican restaurant and bar in Carroll Gardens, Brooklyn. Cramer adores Philadelphia and believes that a high-speed train link to New York City is the key to the city's economic revival.</p>

<p>He is a die-hard Philadelphia Eagles <a href="/biography/jim-cramer">supporter</a> who sobbed following the team's Super Bowl LII victory. He's had season tickets for the Eagles for 20 years and has met former <a href="https://en.wikipedia.org/wiki/Doug_Pederson">coach</a> <a href="https://en.wikipedia.org/wiki/Doug_Pederson">Doug Pederson</a> several times. In 2009, Cramer was <a href="/biography/jim-cramer">one</a> of around 200 people nominated for the Time 100.</p>

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