| Net Worth | $2.1 billion |
|---|---|
| Salary | $30-40 million per year |
| Birthdate | March 13, 1956 |
| Birthplace | New York City, New York, U.S. |
| Gender | Male |
| Height | Unknown |
| Profession | CEO, investment banker |
| Nationality | American |
What is Jamie Dimon’s Net Worth?
Jamie Dimon, an American billionaire investment banker and CEO, has a net worth of $2.1 billion. He has accumulated his wealth through his current position as the CEO and chairman of JPMorgan Chase & Co, which is currently the largest American bank. Dimon is one of the few bank chief executives to become a billionaire without being a founder of the bank.
Highlights
– Jamie Dimon has a net worth of $2.1 billion.
– He is the CEO and chairman of JPMorgan Chase & Co, the largest American bank.
– Dimon has earned his wealth through his successful career in investment banking.
– He is one of the few bank chief executives to become a billionaire without being a founder of the bank.
– Dimon directly owns 7.8 million shares of JPMorgan Chase, worth about $1.4 billion.
Early Life
Jamie Dimon was born on March 13, 1956, in New York City, New York. He comes from a family with a financial background as both his father and grandfather were stockbrokers. Dimon attended the all-boys Browning School and went on to study economics and psychology at Tufts University, where he graduated summa cum laude. He later earned his MBA from Harvard Business School.
Career
After completing his MBA, Dimon worked in management consulting before joining American Express at the advice of banker Sandy Weill. Dimon played a key role in turning around Commercial Credit, a consumer finance company, alongside Weill. Through a series of mergers and acquisitions, they formed the financial services conglomerate Citigroup in 1998. Dimon left Citigroup when Weill asked him to resign and sold his Citigroup shares for a significant profit.
In 2000, Dimon became the CEO of Bank One, which was later acquired by JPMorgan Chase. He became the president and chief operating officer of JPMorgan Chase and was eventually named CEO in 2005. Under his leadership, JPMorgan Chase became the leading US bank in various aspects such as domestic assets, market capitalization value, and stock value.
Personal Life
Jamie Dimon married Judith Kent in 1983, and they have three daughters together. In 2014, Dimon was diagnosed with throat cancer and underwent treatment. In 2020, he underwent emergency heart surgery to repair a tear in his aorta. Despite these health challenges, Dimon has continued his work remotely due to the COVID-19 pandemic.
Net Worth Over Time
Jamie Dimon’s net worth has seen significant growth throughout his career. In June 2015, his net worth exceeded $1 billion for the first time. He has earned approximately $200 million in salary and dividends during his time at JPMorgan Chase. Apart from his stock investments in the company, Dimon also owns roughly $100 million worth of real estate.
Components of Net Worth
Jamie Dimon’s net worth comprises various components. His ownership of JPMorgan Chase shares plays a significant role in his personal wealth. Currently, he directly owns 7.8 million shares of the company, which are worth about $1.4 billion. Additionally, Dimon has earned substantial income through his salary and other stock compensation over the years. In a typical year, he earns a base salary of $27.5 million, and with other forms of compensation, his annual total compensation exceeds $30-40 million.
In conclusion, Jamie Dimon has amassed a considerable net worth of $2.1 billion through his successful career in investment banking. As the CEO and chairman of JPMorgan Chase & Co, he has played a pivotal role in leading the largest American bank. Dimon’s wealth largely stems from his ownership of JPMorgan Chase shares, along with his substantial salary and other stock compensation. Through his achievements and contributions, he has solidified his position as a prominent figure in the financial industry.