Hello Internet! Today we will cover the Jamie Dimon 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 is derived from his present position as CEO and Chairman of JPMorgan Chase & Co, the most prominent American bank. This banker was named one of the world’s 100 Most Influential People by Time Magazine in 2006, 2008, 2009, and 2011.
On March 13, 1956, Jamie Dimon was born in New York City, New York, to a couple of Greek immigrants Theodore and Themis Dimon. This financial mogul studied psychology and economics at Tufts University and graduated summa cum laude degree. He spent two years in management consulting before enrolling at Harvard Business School. Jamie worked at Goldman Sachs throughout his summer vacation. After graduating from Harvard, he rejected down offers from every big bank and instead chose to work for American Express under Sandy Weill.
Banking Genius: Jamie Dimon’s Rise to The Top
Sandy Weill, who had become a mentor, departed American Express in 1985. Jamie quickly followed, and the two founded Commercial Credit, a consumer lending business. Jamie, the company’s Chief Financial Officer, was 30 years old. Commercial Credit ultimately became a behemoth known as Citigroup due to a series of mergers and acquisitions. Sandy dismissed Jamie in 1998 for reasons that are still unclear to this day. Jamie exited the business by selling 2.3 million Citigroup shares for a pre-tax profit of $110 million.
Jamie became CEO of Bank One, America’s fifth-largest bank, in March 2000. Also, Dimon became president and COO of BankOne when it was purchased by JPMorgan Chase in 2004. On December 31, 2005, Jamie was appointed CEO of JPMorgan Chase. One year later, he was given the titles Chairman and President. JPMorgan Chase is now America’s biggest bank. During his time there, Dimon has built JP Morgan into one of the world’s most influential organizations, with over $2.8 trillion in assets.
Jamie Dimon Net Worth
The JP Morgan Chase CEO gets a basic salary of $27.5 million per year. Jamie’s yearly total pay usually exceeds $30-40 million when incentives, stock options, private jet use, and personal protection are included. Jamie Dimon’s net worth surpassed $1 billion for the first time in June 2015. Jamie has earned about $120 million in salary and dividends throughout his tenure at JP Morgan. He has also been lavishly rewarded with shares. According to the company’s most recent filing, Jamie holds 6.1 million shares of JP Morgan, which are worth $793 million at the current selling price of $130 a share.
Jamie also has an extra $80 million in exercisable options, for a total of $873 million. His assets were valued at just under $100 million during the height of the 2008 financial crisis. Aside from financial interests, he owns real estate worth $30 to $40 million, including a Park Avenue condominium and a 30-acre property in Bedford Corners, New York. With that kind of salary, Jamie also does some non-banking gigs that pocket north of US $500 million.
Dimon’s Personal Life Details
Jamie Dimon married his wife Judith Kent in 1983. They met while attending Harvard Business School. Kara Leigh, Laura, and Julia are Dimon and his wife’s three daughters. Kara and Julia both attended Duke University. Laura, meantime, is a Barnard College graduate and freelance writer who formerly worked for the New York Daily News. Dimon’s political views are moderate left-leaning, as he is a banker in New York that had to deal with the 2008 financial crisis and received lots of hate for it.
In 2014, Dimon was diagnosed with throat cancer. He had eight weeks of radiation and chemotherapy, which ended in September 2014. Dimon had “emergency heart surgery” in March 2020, at the age of 63, to treat an acute aortic dissection, a rupture in the inner layer of the aorta, an artery that is the most significant blood vessel in the body. According to JP Morgan, Dimon recovered well after surgery, and the bank was managed by Gordon Smith and Daniel Pinto until his return. Dimon returned to work in a small role in April 2020 as a result of the COVID-19 epidemic.