Who is Karen Backfisch-Olufsen?
Karen Backfisch-Olufsen is perhaps best known for her work as a successful entrepreneur and TV panelist. Despite this, she is best known as the ex-wife of American TV host Jim Cramer.
The couple had been together since 1988, but their paths diverged due to personal reasons. Emma Kramer and Cece Kramer are their two children. We have a lot of information about Karen’s personal life in this article, from Karen Backfisch-Olufsen net worth to her career and love life.
Karen Backfisch-Olufsen: Net Worth 2022/2023 and Salary
Karen Backfisch-Olufsen is unquestionably one of those media figures who has managed to carve out a successful career as a hedge fund manager and financial advisor. She began her career with Michael Steinhardt’s hedge fund, where she worked alongside Jim Cramer, and has progressed professionally and financially.
The businesswoman isn’t saying how much money she makes right now, but sources say it’s well over $1 million by 2022. Her various income sources, such as business investments, hedge funds, and others, are expected to bring in a total of $228,000 per year.
Olufsen is also known to live a lavish lifestyle thanks to her hard-earned money. She is currently the co-founder of Metropolitan Capital Advisors, Inc., a board member of the Michael J. Fox Foundation for Parkinson’s Research, a trustee of Montefiore Medical Center, and a member of the GrafTech International board of directors.
Career Highlights for Backfisch-Olufsen
Backfisch-Olufsen worked as an assistant to Lehman Brothers’ vice president before becoming a hedge fund manager. She then went to work for Michael Steinhardt’s hedge fund, where she met her future business partner Jim Cramer.
Karen was also persuaded to leave her job and join his firm, Cramer & Co. They collectively raised over $450 million in $5 million increments, with a 20 percent profit share. Throughout his entire career, Jim has amassed a staggering net worth profile of $100 million as of 2021. While his ex-wife Karen remained in the background for the majority of her career, the entrepreneur credited his success to her.
Karen Backfisch-Olufsen Marriage, Divorce and Children
Karen Backfisch and her partner, Jim Cramer, met because of work-related issues, as previously stated. They’ve both been there for each other through difficult times, encouraging each other to achieve professional success, and it’s because of this that they’ve fallen in love.
In 1988, the couple married in court, making their union official. During their marriage, they had two children, Cece and Emma Cramer, and divorced in 2009. Lisa Cadette Detwiler, a real estate broker, and general manager of The Longshoreman, married the hedge fund manager for the second time.