Hello internet! Today we will introduce Jamie Dimon’s net worth. Jamie Dimon is a wealthy investment banker and CEO from the United States with a net worth of $1.6 billion. Jamie Dimon’s net worth stems from his current position as CEO and chairman of JPMorgan Chase & Co, the most famous bank in the United States. The banker was named one of the 100 most influential people in the world by Time magazine in 2006, 2008, 2009 and 2011.
On March 13, 1956, Jamie Dimon was born in New York City, New York, a pair of Greek immigrants Theodore and Themis Dimon. The financial tycoon studied psychology and economics at Tufts University and graduated with honors. Before entering Harvard Business School, he worked in management consulting for two years. Jamie worked at Goldman Sachs all summer. After graduating from Harvard, he rejected the hiring of major banks and chose to work for American Express under Sandy Weir instead.
Banking Genius: The Rise of Jamie Dimon
Sandy Weir, who became a mentor, left American Express in 1985. Jamie quickly followed up, and the two founded Commercial Credit, a consumer loan business. Jamie, the company’s chief financial officer, is 30 years old. Due to a series of mergers and acquisitions, commercial credit eventually became a behemoth known as Citigroup. Sandy fired Jamie in 1998 for reasons that are still unclear. Jamie exited the business by selling 2.3 million shares of Citigroup, with a pre-tax profit of 110 million U.S. dollars.
Jamie became the CEO of Bank One, the fifth largest bank in the United States in March 2000. In addition, Dimon became the president and chief operating officer of Bank One after being acquired by JPMorgan Chase in 2004. On December 31, 2005, Jamie was appointed CEO of JPMorgan Chase. A year later, he was awarded the titles of chairman and president. JPMorgan Chase is now the largest bank in the United States. During his tenure, Dimon built JPMorgan Chase into one of the most influential organizations in the world, with assets exceeding US$2.8 trillion.
Jamie Dimon net worth
The basic annual salary of the CEO of JP Morgan Chase is $27.5 million. If you include incentives, stock options, use of private jets, and personal protection, Jamie’s total annual compensation is usually more than US$30-40 million. Jamie Dimon’s net worth exceeded US$1 billion for the first time in June 2015. Jamie’s salary and dividends during his tenure at JP Morgan Chase were approximately $120 million. He also received generous stock awards. According to documents recently submitted by the company, Jamie holds 6.1 million shares of JP Morgan Chase, which is valued at US$793 million based on the current selling price of US$130 per share.
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Jamie also has an additional $80 million in exerciseable options for a total of $873 million. At the height of the financial crisis in 2008, his assets were valued at just under 100 million U.S. dollars. In addition to financial interests, he also owns real estate valued at US$30-40 million, including Park Avenue apartments and a 30-acre property in Bedford Point, New York. With such a salary, Jamie also engages in some non-banking businesses, with revenues of more than 500 million U.S. dollars.
Jamie Dimon received cancer treatment and had to leave the bank for a while
Dimon’s personal life details
Jamie Dimon married his wife Judith Kent in 1983. They met when they were studying at Harvard Business School. Kara Leigh, Laura and Julia are the three daughters of Dimon and his wife. Both Carla and Julia studied at Duke University. At the same time, Laura is a graduate of Barnard College and a freelance writer who worked for the New York Daily News. Dimon’s political views are moderate to the left, because he is a banker in New York and had to deal with the 2008 financial crisis, and he is hated by many people for this reason.
In 2014, Dimon was diagnosed with laryngeal cancer. He underwent eight weeks of radiotherapy and chemotherapy, which ended in September 2014. Dimon underwent “emergency heart surgery” in March 2020 at the age of 63 to treat acute aortic dissection, rupture of the inner aorta, and arteries are the most important blood vessels in the body. According to JPMorgan Chase, Dimon recovered well after the operation and the bank was managed by Gordon Smith and Daniel Pinto until his return. Due to the COVID-19 epidemic, Dimon returned to work in April 2020 and assumed a small role.
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