Karen Backfisch Olufsen, a prominent businesswoman and TV panelist in the US, is perhaps best known as the ex-wife of Jim Cramer, the renowned television host, author, and former hedge fund manager. Born on February 25, 1965, she has made her mark in the business world and media landscape, carving out her own identity beyond her former marital ties. Her insights and contributions in the business realm continue to be valued, showcasing her expertise and experience in various platforms.
Who Is Karen Backfisch-Olufsen?
Karen Backfisch Olufsen, an American citizen born on February 25, 1965, is known for her diverse background and accomplishments. She is 58 years old and identifies as Caucasian. While details about her early life remain elusive, we do know she hails from the United States. Karen has two siblings, Mark Finerman and Wendy Finerman. Mark works as a commercial mortgage securities specialist at Greenwich Capital, while Wendy has gained fame as an Academy Award-winning film producer.
Karen pursued her higher education at Stony Brook State University in New York, where she likely laid the groundwork for her future endeavors. Later, she ventured to the prestigious Wharton School to study Economics, earning her degree in 1987. Standing at a height of 5 feet 5 inches, Karen possesses striking hazel eyes and earth-toned hair, complementing her attractive appearance. She maintains a slim and toned physique, although specific details about her body weight remain undisclosed.
Karen Backfisch-Olufsen Early Life & Education
Karen Backfisch-Olufsen hails from the United States, her birthplace and upbringing shrouded in mystery. Despite the lack of details about her family background, it’s evident that Karen harbored a deep-seated interest in journalism since her formative years.
Her academic journey led her to the State University of New York at Stony Brook, where she pursued her studies, although the specific field remains undisclosed.
Karen Backfisch-Olufsen Tied The Knot With Jim Cramer In 1988
In 1988, Karen Backfisch reportedly graduated from Wharton and landed a job at Michael Steinhardt’s hedge fund. A year later, she tied the knot with Jim Cramer, who is widely known for his roles as the host of Mad Money on CNBC and as an anchor of Squawk on the Street. Cramer’s Harvard education has also added to his popularity and credibility.
Before joining Goldman Sachs, Cramer founded and served as a senior partner at Cramer Berkowitz. He is not only an accomplished television personality but also an author and former hedge fund manager, with notable books like Confessions of a Street Addict (2002) and Jim Cramer’s Real Money: Sane Investing in an Insane World (2005) to his name.
Jim and Karen apparently dated for nearly five years before deciding to tie the knot. Their marriage thrived throughout the 1990s and into the mid-2000s, characterized by a strong bond and inseparability.
However, the late 2000s brought challenges, and in 2009, after 21 years together, they went their separate ways. The details surrounding their divorce remain undisclosed as the couple chose to maintain their privacy regarding the matter.
While Jim has moved forward and married real estate dealer Lisa Cadette Detwiler, it appears Karen’s personal life has remained out of the public eye, suggesting she prefers to keep her affairs private.
The Former Couple Shares Two Children Together
Jim Cramer and Karen Backfisch-Olufsen welcomed two daughters into their lives during their marriage: Cece and Emma Kramer. Despite being born into the limelight, the sisters have chosen to lead private lives, away from the prying eyes of the media. As a result, details about their early years and current endeavors remain scarce.
Cece and Emma’s decision to maintain a low profile reflects their desire for normalcy and privacy, away from the public scrutiny often associated with their parents’ fame. While their parents may be household names in the financial and media spheres, the sisters have opted to carve out their own paths away from the spotlight.
While we may not know much about Cece and Emma’s lives, it’s clear that their upbringing likely instilled values of independence and discretion. Whether pursuing careers, further education, or simply enjoying life away from the cameras, Cece and Emma Kramer continue to navigate their own journeys with grace and privacy.
Jim Cramer Career
From his high school days, he hustled to earn his keep, laying the groundwork for a career that would later define him. After college, he found his footing at the Tallahassee Democrat in 1978 before moving on to write obituaries for the Los Angeles Herald-Examiner. His journey then took him to the American Lawyer, where he became one of its pioneering reporters.
Even as he pursued law school, his curiosity and knack for investments led him to dabble in the stock market, eventually covering his tuition fees. It was during this time that fate intervened in the form of Martin Peretz, owner of The New Republic, offering a pivotal opportunity for him to write a book review. Peretz’s investment of $500,000 in him proved fruitful, yielding returns that underscored his financial acumen.
In 1984, he transitioned into sales and trading as a stockbroker at Goldman Sachs, marking a significant juncture in his career trajectory. Despite being admitted to the New York State Bar in 1987, he chose not to pursue it further. Fourteen years later, he took the leap to establish his own hedge fund, ‘Cramer & Co.,’ which later evolved into ‘Cramer, Berkowitz & Co.’ However, the suspension of his practice license in 2009 due to non-payment marred this otherwise illustrious journey.
What Does Karen Backfisch-Olufsen Do For A Living?
The former wife of Jim Cramer embarked on her career journey at Michael Steinhardt’s hedge fund, where fate led her to the man she would spend 21 years of her life with. Following her stint at the hedge fund, she transitioned to Lehman, where she served as an associate vice president, providing valuable support to the portfolio manager.
Later in her career, she found herself on the panel of CNBC’s Fast Money, where her expertise in financial matters and her association with Jim Cramer brought her into the spotlight. Today, Karen Backfisch-Olufsen is recognized for her contributions as a trustee for the Montefiore Medical Centre and as a director of GrafTech International and the Michael J. Fox Foundation for Parkinson’s Research.
In addition to her roles in various organizations, she co-founded Metropolitan Capital Advisors, Inc. and currently holds the position of vice president at Lehman. Karen’s diverse portfolio of responsibilities reflects her dedication to making a positive impact in both the financial and healthcare sectors.
Karen Backfisch Olufsen Divorce
The well-known television presenter has experienced the highs and lows of love, having been married twice and enduring one divorce. His first marriage was to Karen Backfisch-Olufsen back in 1988, with whom he welcomed two daughters, Cece Cramer and Emma Cramer. However, their union came to an end after a decade, in 2009.
After six years, he found love once more and tied the knot with Lisa Cadette Detwiler in 2015. Their relationship seems to be built on a strong bond, free from any rumors or signs of trouble. They continue to enjoy each other’s company, showing that love can indeed bloom again after heartache.
Who Is Jim Cramer’s Current Wife?
In 2015, Jim Cramer tied the knot with his current wife, Lisa Cadette Detwiler. Their love story began back in 2006 when they crossed paths in Manhattan, thanks to a setup by a mutual friend. The two lovebirds exchanged vows at the charming Liberty Warehouse in Brooklyn.
Lisa, born in 1965, is the daughter of Walter Cadette, an economist at J.P. Morgan, and Joan Cadette, an English teacher. Despite studying biology during her college days, Lisa has found her niche as a real estate broker at the esteemed Corcoran Group Real Estate in Brooklyn.
Lisa’s journey to marital bliss with Cramer came after the dissolution of her first marriage, from which she has three children. Together, Jim and Lisa co-manage the Bar San Miguel restaurant in Brooklyn. Jim, like many small business owners, worries about the fate of establishments like theirs if Congress fails to swiftly pass the much-needed second economic stimulus package.
Jim Cramer Net Worth
When it comes to his earnings, he’s seen quite the success from his career as a TV host and investor, amassing an estimated net worth of around $100 million. Their home base is in Summit, New Jersey, where they reside in comfort. Additionally, they own a sprawling 65-acre property in the serene countryside of New Jersey, along with a summer retreat in Quogue, New York, nestled on Long Island. Adding to their ventures, they also own Bar San Miguel, a charming restaurant and bar dishing out delectable Mexican cuisine in Carroll Gardens, Brooklyn.
Karen Backfisch Olufsen Net Worth
Karen Backfisch-Olufsen’s financial worth is estimated to fall within the range of $500,000 to $1 million. This valuation is attributed to her accomplished career in the business domain, coupled with any potential financial assets she received as part of her divorce settlement from her former spouse, Jim Cramer.
Over the course of her career, Karen has made significant strides in the business world, which have undoubtedly contributed to her financial stability. Furthermore, the financial resources acquired through her divorce settlement have likely bolstered her net worth, providing her with a solid financial foundation.
While the exact breakdown of her net worth remains private, it is evident that Karen’s financial standing reflects both her professional achievements and any financial provisions resulting from her past marital arrangements.
Quick Facts
- Karen Backfisch-Olufsen is an American businesswoman and TV panelist.
- Born on February 25, 1965.
- Previously married to Jim Cramer, a television host and former hedge fund manager.
- Has two siblings: Mark and Wendy Finerman.
- Attended Stony Brook State University in New York and later studied Economics at Wharton.
- Stands at 5 feet 5 inches tall with hazel eyes and brown hair.
- Estimated net worth between $500,000 to $1 million.
- Known for her work as a trustee for Montefiore Medical Center and as a director for GrafTech International and the Michael J. Fox Foundation for Parkinson’s Research.
- Co-founded Metropolitan Capital Advisors, Inc. and holds the position of vice president at Lehman.
- Mother of Cece and Emma Kramer, with Jim Cramer.
FAQS
- Who is Karen Backfisch-Olufsen?
Karen Backfisch-Olufsen is an accomplished American businesswoman and television panelist, recognized for her impactful contributions to both the corporate and media realms.
- When was Karen Backfisch-Olufsen born?
She was born on February 25, 1965.
- Who was Karen Backfisch-Olufsen previously married to?
Karen Backfisch-Olufsen was formerly married to Jim Cramer, a notable television host and former hedge fund manager.
- What are some of Karen Backfisch-Olufsen’s notable accomplishments?
Karen Backfisch-Olufsen has made significant strides in her career, serving as a trustee for Montefiore Medical Center, as a director for GrafTech International and the Michael J. Fox Foundation for Parkinson’s Research, and as a co-founder of Metropolitan Capital Advisors, Inc.
- How many children does Karen Backfisch-Olufsen have?
Karen Backfisch-Olufsen is the mother of two daughters, Cece and Emma Kramer, whom she shares with Jim Cramer.
Conclusion
In conclusion Karen Backfisch-Olufsen’s journey embodies a tapestry woven with professional triumphs, charitable endeavors, and unwavering strength. From her formative years at Stony Brook State University to her impactful roles across diverse organizations, Karen has etched her presence in both the corporate and philanthropic spheres. Her unwavering dedication to effecting positive change, paired with her adaptability and resilience, serves as a beacon of inspiration for those fortunate enough to cross paths with her. As she gracefully maneuvers through life’s ebbs and flows, Karen Backfisch-Olufsen remains a beacon of hope and admiration, leaving an indelible mark through her unwavering commitment and tireless efforts.
