Everyone Who Started Watching 'Mad Money' In 2005 Now Billionaires

Quote from gkishot:

Hmm, how much is Jim Cramer worth? Just 100 mln.

http://www.celebritynetworth.com/richest-businessmen/wall-street/jim-cramer-net-worth/
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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.
 
Quote from peilthetraveler:

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.
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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".
 
BooYah!

starvingbillionaire.jpg
 
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.
 
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