Discussion in 'Wall St. News' started by startraitor, May 8, 2013.
Hmm, how much is Jim Cramer worth? Just 100 mln.
According to Wiki, he routinely made $10 million per year for 14 years. (1987 to 2001). When he started Mad Money, he claimed to be worth $100 million.
This article says he is making just under $10 million per year after taxes & lifestyle now. http://www.richbutbroke.com/130/Jim-Cramer-Net-Worth
So if he was worth $100 million 8 years ago, and is still making $10 million per year for the last 8 years, that means he has lost a significant amount of money over the last 8 years in his investing activities (about $80 million) for him to still have the same net worth today.
About as valuable as your disastrous FB call to short at 18.
Cramer receives no salary from CNBC. He receives a royalty % from the "action alerts" which amounted to ~$800k in 2012. He earned $1.87MM/yr at the peak of his prior contract with CNBC. He owns approximately $7MM worth of TST shares.
Further, it's widely known that he blew-up in the bubble. He admits his wife "bailed him out".
The article says that the guy started with $600 in 2005. Even if he doubled his money every year he would have made about $300,000. Much less than his $1bln claim.
Apparently people here don't know what The Onion is all about.
I was referring to people other than myself.
Everyone know it's America's Finest News Source! I TRUST the "Onion" more then the Wall St Journal....... At least at the Onion there are no Journalists doing favors for stock promoters.
I love this one:
Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is
Separate names with a comma.