Editing Jim Cramer (section)

==Career==
[[File:Jim Cramer on the Paris Agreement, Hewlett Packard Enterprise and more.webm|upright=1.35|thumb|Cramer speaking about the [[Paris Agreement]] and [[Hewlett Packard Enterprise]]]]

===Goldman Sachs===
In 1984, Cramer worked in [[sales and trading]] at New York investment bank [[Goldman Sachs]].<ref>{{cite news |last=Pixa |first=Matt |date=September 16, 2013 |title=Is Jim Cramer Really Your Financial Advisor? |url=https://patch.com/california/losalamitos/is-jim-cramer-really-your-financial-advisor |access-date=March 3, 2025 |work=[[Patch Media]]}}</ref><ref>{{cite web |date=September 28, 2021 |title=Jim Cramer |url=https://www.thestreet.com/author/269/jim-cramer/all.html |archive-url=https://web.archive.org/web/20150209020526/https://www.thestreet.com/author/269/jim-cramer/all.html |archive-date=February 9, 2015 |access-date=March 3, 2025 |website=[[TheStreet]]}}</ref>

Cramer was admitted to the [[New York State Bar]] in 1985, but did not practice. After he did not renew his registration, his license to practice law was suspended on April 2, 2009.<ref>{{cite web |date=April 2, 2009 |title=Matter of Attorneys in Violation of Judiciary Law \s 468-a |url=http://www.nycourts.gov/reporter/3dseries/2009/2009_02525.htm |access-date=March 3, 2025 |website=New York State Law Reporting Bureau |publisher=[[Judiciary of New York (state)|Judiciary of New York]]}}</ref>

===Hedge fund===
In 1987, Cramer left Goldman Sachs and started a [[hedge fund]], Cramer & Co. (later Cramer, Berkowitz & Co.). The fund operated out of the offices of hedge fund manager [[Michael Steinhardt]]. Early investors included friend and Harvard classmate [[Eliot Spitzer]],<ref>{{cite news |last=Celizic |first=Mike |date=March 12, 2008 |title=Jim Cramer on pal Spitzer: 'Eliot screwed up |url=https://www.today.com/news/jim-cramer-pal-spitzer-eliot-screwed-1C9014765 |access-date=March 3, 2025 |work=[[Today (American TV program)|Today]]}}</ref> [[Steven Brill (journalist)|Steve Brill]], and [[Martin Peretz]]. Cramer raised $450 million in $5 million increments and received a fee of 20% of the profits he generated.<ref name=danrather/>

Cramer says he sold all of his stocks on the Friday before [[Black Monday (1987)]].<ref>{{cite web |title=Interview with Jim Cramer |url=https://www.pbs.org/wgbh/pages/frontline/shows/betting/pros/cramer.html |access-date=March 3, 2025 |website=[[Frontline (American TV program)|Frontline]] |publisher=[[PBS]]}}</ref> From 1988 to 2000, Cramer says he had only one year of negative returns – 1998, a year when the [[S&P 500 Index]] rose 29%. The underperformance in 1998 led to significant investor withdrawals.<ref name=wild/> In 1999 the fund returned 47%, and in 2000 it returned 28%, beating the S&P 500 by 38 percentage points. Cramer said he produced a 24% average annual return over 14 years, and "routinely [took] home $10 million a year and more."<ref name=madman/> However, his results have been [[#Controversies|disputed]].

In 2001, Cramer retired from managing the hedge fund.<ref name=madman/> The fund was then taken over by his former partner, Jeff Berkowitz.<ref name=insider/>

===''SmartMoney''===
Cramer was also an "editor at large" for ''[[SmartMoney]]'' magazine. He was accused by some of an unethical practice when he made a $2 million personal gain after buying stocks before his recommendation article was published, though he was candid in the article that he had purchased the stock; however, according to [[Ira Lee Sorkin]], former head of the New York office of the [[U.S. Securities and Exchange Commission|S.E.C.]], inasmuch as Cramer was a writer for a general-interest publication, an argument can be made that Cramer did not breach any obligations.<ref>{{cite news |last=Zuckerman |first=Laurence |date=February 20, 1995 |title=Smart Money Rethinks Conflict Rule |url=https://www.nytimes.com/1995/02/20/business/smart-money-rethinks-conflict-rule.html |url-access=subscription |access-date=March 3, 2025 |work=[[The New York Times]]}}</ref>

===''TheStreet''===
In 1996, Cramer and Peretz launched ''[[TheStreet]]'', a financial news and investment website. In August 2019, [[Maven Networks|TheMaven]] acquired the company for $16.5 million.<ref>{{cite press release |title=Maven Closes Acquisition of TheStreet, New Jim Cramer Deal Announced |date=August 8, 2019 |publisher=[[Business Wire]] |url=https://www.businesswire.com/news/home/20190808005215/en/Maven-Closes-Acquisition-TheStreet-New-Jim-Cramer |access-date=March 3, 2025}}</ref>

===CNBC===
Cramer was a frequent guest commentator on [[CNBC]] in the late 1990s. From 2002 to 2005, Cramer co-hosted ''Kudlow & Cramer'' (first called ''America Now'') with [[Larry Kudlow]].<ref>{{cite news |last=Bryan |first=Bob |date=March 15, 2018 |title=CNBC commentator Larry Kudlow will replace Gary Cohn as Trump's top economic adviser |url=https://www.businessinsider.com/larry-kudlow-replace-gary-cohn-trump-top-economic-adviser-2018-3 |access-date=March 3, 2025 |work=[[Business Insider]]}}</ref>

''[[Mad Money]] with Jim Cramer'' first aired on CNBC in 2005. The stated goal of the show is to provide people engaging in [[do-it-yourself investing]] with "the knowledge and the tools that will empower you to be a better investor".<ref>{{cite web |last=Cramer |first=Jim |date=May 8, 2012 |title=About Mad Money |url=https://www.cnbc.com/id/100000946 |access-date=March 3, 2025 |website=[[Mad Money]] |publisher=[[CNBC]]}}</ref> According to CNBC, Cramer is not allowed to own stocks that could be discussed on the show.<ref>{{cite web
| url=https://www.cnbc.com/2022/05/04/jim-cramer-how-he-invests-his-own-money-and-why-half-is-in-cash.html | title=Jim Cramer reveals how he invests his own money—and why he keeps 50% in cash
 | first=Mike | last=Winters | date=May 4, 2022|publisher=[[CNBC]]|access-date=October 12, 2023}}</ref>

===Other media appearances===
In 2001, Cramer began hosting a syndicated one-hour radio show, ''Real Money'',<ref>{{cite news |title=Financial-advice talk radio gets real |url=https://www.newslibrary.com/newspapers?sort=dsc&formType=basic&alltext=%22Financial-advice+talk+radio+gets+real%22 |access-date=March 5, 2025 |work=The Orange County Register |date=August 19, 2001 |via=Newslibrary}}</ref><ref>{{cite news |title=Cranky Cramer Makes Radio Bloomie Debut |url=https://www.newslibrary.com/newspapers?sort=dsc&formType=basic&alltext=%22Cranky+Cramer+Makes+Radio+Bloomie+Debut%22 |access-date=March 5, 2025 |work=New York Post |date=February 21, 2002 |via=Newslibrary}}</ref> which eventually spawned ''[[Mad Money]]''.<ref>{{cite news |last=Clifford |first=Tyler |date=February 21, 2019 |title=The evolution of Jim Cramer's 'Mad Money': From stock picking to stock educating |url=https://www.cnbc.com/2019/02/21/the-evolution-of-cramers-mad-money-from-stock-picking-to-educating.html |access-date=March 3, 2025 |work=[[Mad Money]] |publisher=[[CNBC]]}}</ref> The radio show ran until December 2006.<ref>{{cite news |title='Real Money' dropped |url=https://www.newspapers.com/newspage/363460352/ |work=Detroit Free Press |date=November 29, 2006 |access-date=March 5, 2025 |via=Newspapers.com |url-access=subscription}}</ref><ref>{{cite news |title=Schedule adjustment |url=https://www.newspapers.com/newspage/96601875/ |work=Pittsburgh Post-Gazette |date=December 16, 2006 |access-date=March 5, 2025 |via=Newspapers.com |url-access=subscription}}</ref>

In 2005, Cramer appeared as himself in two episodes of ''[[Arrested Development (TV series)|Arrested Development]]''. He announced that he had upgraded [[Bluth Company]] stock to a "Don't Buy" from a "Triple Sell", and then said that the stock was not a "Don't Buy" anymore, but a "Risky".<ref>{{cite news |last=Murray |first=Noel |date=November 13, 2012 |title=Arrested Development: "The Cabin Show"/"For British Eyes Only" |url=https://www.avclub.com/arrested-development-the-cabin-show-for-british-eye-1798174964 |access-date=March 3, 2025 |work=[[The A.V. Club]]}}</ref> On November 13, 2005, [[Dan Rather]] interviewed Cramer on ''[[60 Minutes]]''. Among the topics of discussion was Cramer's past at his hedge fund, including his former violent temper.<ref name="danrather">{{cite news |last=Schorn |first=Daniel |date=November 10, 2005 |title=Mad Money Man Jim Cramer |url=https://www.cbsnews.com/news/mad-money-man-jim-cramer/ |access-date=March 3, 2025 |work=[[CBS News]]}}</ref> Cramer has also made appearances on ''[[Today (American TV program)|Today]]'', ''[[NBC Nightly News]]'', ''[[Live with Regis and Kelly]]'', ''[[Cheap Seats (TV series)|Cheap Seats]]'', ''[[Late Night with Conan O'Brien]]'', ''[[The Tonight Show with Jay Leno]]'', ''[[Late Show with David Letterman]]'', ''[[Jimmy Kimmel Live!]]'' in February 2008<ref>{{cite news | url=https://www.cnbc.com/2008/02/27/cramer-on-kimmel.html | title=Cramer on Kimmel | first=Tom | last=Brennan | work=CNBC | date=February 27, 2008}}</ref> and as a guest judge on ''[[The Apprentice (American season 7)|The Apprentice]]'' in January 2007<ref>{{cite magazine |last=Nussbaum |first=Emily |date=July 24, 2017 |title=The TV That Created Donald Trump |url=https://www.newyorker.com/magazine/2017/07/31/the-tv-that-created-donald-trump |access-date=March 3, 2025 |magazine=[[The New Yorker]]}}</ref> and was interviewed by [[Jon Stewart]] on ''[[The Daily Show]]'' in March 2009 (see [[Jon Stewart–Jim Cramer conflict]]).<ref name=dailyshowinterview/>

Cramer also appeared in the 2008 motion picture ''[[Iron Man (2008 film)|Iron Man]]'' spoofing Stark Industries on his show ''Mad Money'',<ref>{{cite news |last=Dellaverson |first=Carlo |date=May 2, 2008 |title=Cramer In 'Iron Man' |url=https://www.cnbc.com/2008/05/02/cramer-in-iron-man.html |access-date=March 3, 2025 |work=[[Mad Money]] |publisher=[[CNBC]]}}</ref> and he also appeared in the movie ''[[Wall Street: Money Never Sleeps]]''.<ref>{{cite news |last=Arango |first=Tim |date=September 7, 2009 |title=Greed Is Bad, Gekko. So Is a Meltdown |url=https://www.nytimes.com/2009/09/08/movies/08stone.html |url-access=subscription |access-date=March 3, 2025 |work=[[The New York Times]]}}</ref> He also says he consulted for the original ''[[Wall Street (1987 film)|Wall Street]]'' movie by telling the filmmakers how he would get through to [[Gordon Gekko]].<ref>Cramer, Jim (2002). Confessions of a Street Addict. Simon & Schuster. p. 33. {{ISBN|978-0-7432-2488-8}}.</ref>