Karen Backfisch-Olufsen might be renowned for her own profession as a successful businesswoman and a TV panelist. Still, she’s largely known as the ex-wife of American TV personality Jim Cramer. The couple were together since 1988 but went on different paths due to their personal reasons. They also share two kids Emma Kramer and Cece Kramer. Here in the read below, we have all sorts of details on Karen’s personal life, from her net worth to her career and love life.
What Is The Net Worth Collection of Karen Backfisch-Olufsen?
Karen Backfisch-Olufsen is undoubtedly one of those media personalities who’s managed to establish herself as a successful hedge fund manager and financial advisor. Having started her career with Michael Steinhardt’s hedge fund along with Jim Cramer, she’s come off a long way in her career, gaining both professional and financial growth.
The businesswoman remains tight-lipped about her net income now, but sources assume that the figure is well above $1 million as of 2021. She’s expected to make an annual salary of $228,000 through her different income sources like business investments, hedge funds, and many more.
Olufsen is also known to enjoy quite a luxurious lifestyle through her hard-earned income. At the moment, she’s the co-founder of Metropolitan Capital Advisors, Inc., a board member of the Michael J. Fox Foundation for Parkinson’s Research,’ a Montefiore Medical Center trustee, and a member of the board of GrafTech International.
Karen Backfisch-Olufsen Career Highlight
Before working as a hedge fund manager Karen Backfisch-Olufsen worked as the assistant for Lehman’s vice president. After that, she switched to work for Michael Steinhardt’s hedge fund with her future partner Jim Cramer.
He also persuaded Karen to leave her job there and join his company Cramer & Co. Together they raised over $450 million in $5 million increments while receiving a 20% fee of the profits. As of 2021, Jim’s made a staggering net worth profile of $100 million through his overall career. While his partner Karen stayed in the shadows for most of her career, the entrepreneur constantly credited his success to the talented ex-wife.
Karen Backfisch-Olufsen Marriage, Divorce and Children
As aforementioned both Karen Backfisch-Olufsen and her partner, Jim Cramer, met each other due to work-related issues. They’ve both been there for each other on their hard times, pushing each other to gain professional success, and that’s how they ended up falling for each other.
The couple made things official in the court by tying the knot back in 1988. They shared two kids, Cece Cramer and Emma Cramer, in their time together and divorced in 2009. The hedge fund manager got married for the second time to a real estate broker and general manager of The Longshoreman, Lisa Cadette Detwiler.
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