Jamie Dimon Net Worth
Jamie Dimon net worth and salary: Jamie Dimon is an American billionaire investment banker and CEO who has a net worth of $1.6 billion. Jamie Dimon earned his net worth from his current position as the CEO and chairman of JPMorgan Chase & Co, currently the largest American bank. Time Magazine has named Jamie one the world's 100 Most Influential People in 2006, 2008, 2009 and 2011.
Early Life: Jamie was born on March 13, 1956 in New York City, New York, to Greek immigrants Theodore and Themis Dimon. He graduated summa cum laude from Tufts University where he studied psychology and economics. He worked in management consulting for two years then enrolled at Harvard Business School. During his summer breaks Jamie worked at Goldman Sachs.
After graduating from Harvard, he turned down offers from every major bank and instead went to work under Sandy Weill at American Express. His father at this point was an executive vice president at American Express.
In 1985, Sandy Weill – who had become a mentor – left American Express. Jamie soon followed and the two acquired a consumer finance company called Commercial Credit. Jamie, who was 30 years old, served as the company's Chief Financial Officer. Through a series of mergers and acquisitions, Commercial Credit eventually morphed into a conglomerate that was called Citigroup.
In 1998 Sandy fired Jamie for reasons that are still not totally clear to this day. Upon leaving the company, Jamie sold 2.3 million Citigroup shares for a pre-tax profit of $110 million.
In March 2000 Jamie became CEO of Bank One, the fifth-largest bank in America. BankOne was acquired by JPMorgan Chase in 2004 and subsequently Jamie became the company's president and COO.
Jamie was named CEO of JPMorgan Chase on December 31, 2005. Exactly one year later he added the title Chairman and President. Today JPMorgan Chase is the largest bank in America. During his tenure at JP Morgan, Dimon has grown the bank into one of the most powerful institutions in the world with over $2.8 trillion in assets.
Salary and Compensation: In a typical year Jamie earns a base salary of $27.5 million. With other forms of compensation including bonuses, stock options, private jet usage and personal security, Jamie's annual total compensation typically tops $30-40 million.
In June 2015 Jamie Dimon's net worth topped $1 billion for the first time. During his time at JP Morgan, Jamie has earned approximately $120 million in salary and dividends. He has also been generously awarded with stock. According to the company's most recent filing, Jamie owns 6.1 million shares of JP Morgan, which at a recent recent trading price of $130/share are worth $793 million. Jamie also owns an additional $80 million worth of exercisable options, for a grand total value of $873 million. At the lowest low-point of the 2008 financial crisis, his holdings were worth a little under $100 million.
Outside of stock investments, he owns $30 – $40 million worth of real estate, including a Park Avenue apartment and a 30-acre property in Bedford Corners, New York.
According to Bloomberg, Jamie's non-JP Morgan related financial assets are currently worth slightly north of $500 million.
Personal Life: Dimon has been married to Judith Kent since 1983. They met at Harvard Business School. The couple has three children Julia, Laura, and Kara Leigh.
|Net Worth:||$1.6 Billion|
|Date of Birth:||Mar 13, 1956 (64 years old)|
|Profession:||Entrepreneur, Banker, Businessperson|
|Nationality:||United States of America|