Jamie Dimon is an American billionaire entrepreneur. He is chairman and CEO of JPMorgan Chase, one of the big four American banks.
Jamie is also on the board of directors of the Federal Reserve Bank. He was named four times in the world’s 100 most influential by Time Magazine.
Where Does Jamie Dimon Live?
Jamie Dimon is an American entrepreneur born on 13 March 1956 in New York City with a birth sign as Pisces. He was born to a Greek immigrant couple, and his current age is 65 years old.
Jamie stands at the height of 5 feet 11 inches or 178 cm and weighs around 75 kg or 65 lbs.
He attended The Browning School and then Tufts University, where he graduated with the highest distinction in Psychology and Economics. While at Tufts, he wrote an essay on Shearson merges, which his mother sent to Sandy Weill. Later Sandy hired Dimon to interned at Shearson and worked for two years after graduation at the company as a company consultant.
In 1982 he graduated MBA as a Baker Scholar from Harvard Business School. During studying at Harvard, he interned at Goldman Sachs. After graduation, he joined American Express as an assistant.
Dimon is a huge supporter of the Democratic Party and has close ties with Barack Obama and his administration. But he introduced himself as barely a Democrat.
On 1 July 2014, he was diagnosed with throat cancer. He went through radiation and chemotherapy till September 2014 at Memorial Sloan Kettering Hospital.
Who Are Jamie Dimon’s Parents?
Jamie Dimon was born to Greek immigrant couple Theodore Dimon and Themis Dimon. His original family name was Papademetriou which later on changed to Dimon. Jamie’s father was an executive vice president at American Express. He has two siblings, older brother Peter Dimon and twin brother Ted Dimon.
Jamie’s parental grandfather Panos Papademetriou later changed to Panos Dimon, who came to America as a Greek immigrant. At first, his grandfather worked as a busboy, but later got a job at the Atlantic Bank, where he worked and got up to the vice president. But he left his job to become a stockbroker at Shearson, Hammil & Co because he loves stocks and could make more money.
By seeing the passion for the work of his father and grandfather got inspired to pursue finance.
How Much Is Jamie Dimon’s Net Worth?
According to Celebritynetworth, Jamie Dimon has an estimated net worth around $2 billion. He earned this net worth by working as chairman and CEO of JPMorgan Chase & Co, the largest American Bank. He earns a base salary of $27.5 million. On top of this salary, his annual compensation is $30-$40 million, including bonuses, stock options, private jet, and personal security. His salary was reduced to $20 million in 2013 as the bank saw a loss of $2 billion.
In 2015 Jamie’s net worth was $1 billion; during that time, he has earned a $120 million salary and dividends. He owns 6.1 million shares of JP Morgan, worth $793 million. In addition, he owns $80 million of exercisable options, making a total value of $873 million.
Jamie has a salary of $1.5 million, a $5 million cash bonus, and $25 million of restricted stock in 2020. Jamie’s compensation for 2020 was $31.66 million, up from $31.61 million in 2019. Jamie’s salary in 2008 was highest at $35.76 million.
He owns $30-$40 million of real estate, including Park Avenue apartment and 30-acre property in Bedford Corner, New York. Jamie non-JP Morgan financial assets worth $500 million.
House
Jamie Dimon lives in his Park Avenue apartment. It is located at 1185 Park Avenue. According to city records, the unit on the L line has three bedrooms and three baths per floor, costing around $4.9 million in 2004.
He has a 13,500 square feet house with eight-bedroom, nine whole, and two half bathrooms in the Gold Cost area, Chicago, which is trying to sell.
Jamie priced the house for $13,500,000 in 2007, but it is unsold to date, and its value has dropped to $9,500,000. He bought this property for $4,680,000.
In 2006 he and his wife forked over $17,050,00 for an approximately 30-acre piece of property in Bedford Corners, New York.
How Did Jamie Dimon Become A Billionaire?
Jamie Dimon first worked in Shearson for two years as a company consultant. During studying at Harvard, he interned at Goldman Sachs. Later on, he joined American Express, where he worked till 1985. After leaving American Express, he and Weill acquired consumer finance and insurance company Commercial Credit from Control Data.
At commercial credit, he served as chief financial officer and took turn it into a giant. He served Smith Barney from 1996 to 1997 as chairman and CEO. The co-chairman and co-CEO of Salomon Smith Barney Holdings for one year. By mergers and acquisitions, in 1998, Jamie and Weill both formed a large financial service conglomerate, Citigroup. In 1998 he left Citigroup after Weill asked to resign.
After leaving Citigroup in march 2000, he later became CEO of Bank One, which JPMorgan Chase & Dimon bought in July 2004. He becomes president and chief operating officer of the company till 2005. On 31 December 2005, he became CEO of JPMorgan Chase, and on 31 December 2006, he was appointed as chairman and president of the bank.
In March 2008, he was named Class A board member of Federal Reserve Bank of New York. He was the highest-paid bank CEO in 2011 as JPMorgan Chase & Co. paid $23.1 million as compensation. In December, the newly elected president, Donal Trump, hired him to work for his business.
Who Is Jamie Dimon Married To?
Jamie Dimon was married to longtime girlfriend, Judith Ellen Kent in 1983. Jamie and Judith both met at Harvard Business School when they were students there. Judith’s roommate suggests her to go out with Jamie. On their first date, Judith has to pay a bill as Jamie doesn’t have any money with him. After graduation, they both work for American Express.
Jamie Dimon with his wife Judith Kent(©:WorthyCelebs)
Jamie and Judith were found to be shopping for engagement rings. The couple was seen in major jewelry stores, especially diamond baubles. The couple married secretly. They have taken vows in a secret location in front of few friends and family members.
As the 15th wedding anniversary gift, Jamie gives his wife a stock certificate valued a full third of his net worth.
Does Jamie Dimon Have Children?
Jamie Dimon and his wife Judith have three daughters, elder daughter Julia Dimon, middle daughter Laura Dimon and, youngest daughter Kara Leigh Dimon.
Laura is the second daughter of Jamie and Judith. A reporter recently hired her for the New York Daily News. From Columbia University’s Graduation School of Journalism, she graduated in the spring of 2013. Her article about women avoiding got viral and took a lot of attention in Daily Beast. She has also interned at The Council on Foreign Relations.
