How Much Is Jamie Dimon Worth

What is Jamie Dimon’s internet worth and salary?

Jamie Dimon is an American billionaire investment broker and CEO who has a internet worth of $2 billion. Jamie Dimon earned his net worth from his electric current position as the CEO and chairman of JPMorgan Chase & Co, currently the largest American depository financial institution. Fourth dimension Magazine has named Jamie one the globe’south 100 Virtually Influential People in 2006, 2008, 2009 and 2011.

In add-on, he was on the board of directors of the Federal Reserve Depository financial institution of New York. Notably, Dimon is one of the few bank chief executives to become a billionaire without being a founder of the bank. He is one of the few people in history to go from non-founding employee to billionaire.

Early Life and Career Beginnings

James Dimon was born in 1956 in New York Urban center, New York to Greek immigrants Themis and Theodore. He has an older brother named Peter and a congenial twin brother named Ted. Both Dimon’s begetter and grandfather were stockbrokers at Shearson. Every bit a youth, Dimon went to the all-boys Browning School. He went on to attend Tufts Academy, where he studied economics and psychology and graduated summa cum laude. Following his graduation, Dimon worked in management consulting for a couple of years before enrolling at Harvard Business organisation School. During the summer, he worked at Goldman Sachs. Dimon graduated with his MBA in 1982. Subsequently, at the advice of broker Sandy Weill, he turned down offers from Morgan Stanley, Goldman Sachs, and Lehman Brothers to bring together Weill as an banana at American Express, where Dimon’s father was an executive vice president.

When Weill departed from American Express in 1985, Dimon followed. Together, the pair went on to have over the consumer finance company Commercial Credit. At Commercial Credit, Dimon served as the chief financial officer and helped to plow the company effectually. So, via a series of mergers and acquisitions, Dimon and Weill managed to form the financial services conglomerate Citigroup in 1998. Shortly afterward, Dimon left Citigroup when Weill asked him to resign.

Upon leaving the company, Jamie sold 2.3 million Citigroup shares for a pre-tax profit of
$110 1000000.

J.P. Morgan

In early 2000, Dimon became CEO of Bank Ane, the fifth largest bank in the United States at the fourth dimension. Iv years subsequently, when the bank was bought by JPMorgan Chase, Dimon became president and chief operating officer of the company. Afterwards, on New year’s day’southward Eve in 2005, he was named CEO of JPMorgan Chase. Exactly 1 year later, he became chairman and president. Thanks in role to the acquisitions made under Dimon’s leadership, JPMorgan Hunt became the leading The states banking concern in domestic assets under market capitalization value, management, and publicly traded stock value.

In May of 2012, JPMorgan Chase launched an emergency conference call to report a loss of at least $2 billion in trades. Dimon claimed the trades were poorly reviewed and executed, and were designed to hedge the bank’s credit risks. Following a nine-month investigation, a U.s.a. Senate report stated that Dimon had misled investors and regulators, and that the bank hid losses and dodged oversight. Equally a effect, Dimon’southward bounty was reduced for the fiscal year 2011. Despite the scandal and fines, information technology was announced that Dimon would earn $twenty 1000000 for his work during 2013, which saw record profits and stock prices.

TARP Transfer

During his tenure as head of JPMorgan Hunt in 2008, Dimon oversaw the transfer of $25 billion in funds from the United states of america Treasury Section to the banking concern, carried out under the Troubled Asset Relief Program. Information technology was the fifth largest amount ever transferred under Section A of TARP to assist with troubled assets related to residential mortgages. However, by early 2009, the regime had not moved forwards with the funding. The deal was highly controversial, as JPMorgan Hunt was amongst the well-nigh economically stable of all the large United states of america banks and did not need to have the funds.

Salary and Compensation

In a typical year Jamie earns a base bacon of $27.v 1000000. With other forms of compensation including bonuses, stock options, private jet usage and personal security, Jamie’southward annual full compensation typically tops $30-xl 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 a company filing at that time, Jamie endemic vi.1 million shares of JP Morgan, which at that point were 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-indicate of the 2008 financial crisis, his holdings were worth a trivial under $100 million.

Outside of stock investments, he owns $30 – $twoscore million worth of real estate, including a Park Avenue apartment and a thirty-acre belongings in Bedford Corners, New York.

According to Bloomberg, Jamie’due south non-JP Morgan related financial avails are currently worth slightly north of
$500 million.

Political Affiliations

Dimon is mostly affiliated with the Democratic Political party, to which he frequently donates. He has had shut ties with some members of the Obama administration, including former Master of Staff Rahm Emanuel. Additionally, he was named by the Associated Printing as one of 3 CEOs, along with Vikram Pandit and Lloyd Blankfein, to take had access to erstwhile Treasury Secretary Timothy Geithner.

Despite his Democratic leanings, Dimon frequently publicly dissented from some of Obama’due south policies. Moreover, in Dec of 2016, he joined a concern forum assembled past Donald Trump to offer policy communication on economical bug.

Personal Life and Wellness

While attending Harvard Business concern School, Dimon met Judith Kent. After graduating, the couple married in 1983. Together, they accept three daughters: Julia, Laura, and Kara Leigh.

In 2014, Dimon was diagnosed with throat cancer; he subsequently underwent eight weeks of radiations and chemotherapy. Later, in 2020, he underwent emergency heart surgery to repair a tear in his aorta. Post-obit his recovery, he returned to work in a remote capacity due to the COVID pandemic.

Honors

Among his accolades, Dimon received the Golden Plate Award of the American Academy of Achievement in 2006, presented by Chicago mayor Richard One thousand. Daley. In 2010, Dimon was named the Executives’ Club of Chicago’s International Executive of the Yr. Other honors accept included the National Association of Corporate Directors Directorship 100, the Intrepid Salute Laurels, and the Americas Society Gold Medal. Additionally, Dimon was included on Time magazine’s listing of the 100 most influential people in the globe in 2006, 2008, 2009, and 2011.