Jamie Dimon Net Worth: 5 Facts You Should Know

Jamie Dimon

Jamie Dimon’s net worth is $1.0 billion.

But this business executive, who is one of the few billionaire bankers in the world, didn’t just make his fortune from Citigroup and JPMorgan Chase, two of the largest banks the world has ever seen?

Here are five facts you may not have known about billionaire banking exec Jamie Dimon.

1. Jamie Dimon Has a Net Worth of $1.0 Billion

Jamie Dimon has a net worth of $1.0 billion and an annual salary of $27.5 million. (Source: “James Dimon,” Celebrity Net Worth; http://www.celebritynetworth.com/richest-businessmen/ceos/jamie-dimon-net-worth/, last accessed on March 4, 2016.) However, Bloomberg Billionaires Index’s number is slightly higher, pegging Dimon’s net worth at an estimated $1.1 billion. (Source: “Jamie Dimon Is Now a Billionaire, and He Got There in an Unusual Way,” Bloomberg, June 3, 2015.)

2. He Began His Career at American Express

Dimon began his business career at American Express Company (NYSE:AXP) alongside future mentor Sandy Weill. (Source: “James Dimon,” Celebrity Net Worth; http://www.celebritynetworth.com/richest-businessmen/ceos/jamie-dimon-net-worth/, last accessed on March 4, 2016.)

Weill convinced Dimon to turn down offers from Goldman Sachs, Morgan Stanley, and Lehman Brothers to join him as an assistant at the New York-based global services company.

After leaving AmEx, in 1985, Dimon and Weill bought a struggling Baltimore bank called Commercial Capital and grew it into Citigroup Inc (NYSE:C), which is currently worth $130 billion. (Source: “Jamie Dimon: Net Worth & Current Influence,” Investopedia; http://www.investopedia.com/university/jamie-dimon-biography/jamie-dimon-net-worth-current-influence.asp, last accessed March 4, 2016.)

3. The Bulk of His Fortune Is in JPMorgan

The majority of Jamie Dimon’s fortune derives from a $485-million stake in New York-based JPMorgan Chase & Co (NYSE:JPM), where he’s been CEO since the end of 2005. (Source: “Jamie Dimon Is Now a Billionaire, and He Got There in an Unusual Way,” Bloomberg, June 3, 2015.)

The rest comes from a strong investment portfolio derived from selling 2.3 million shares of Citigroup Inc in 1998, when he left that company. (Source: “Jamie Dimon has a brand new title,Fortune, June 3, 2015.)

4. He Is of Greek Descent

Jamie Dimon’s paternal grandfather was a Greek immigrant who changed the family name from Papademetriou to Dimon to make it sound more French and worked as a banker in Athens. (Source: “10 facts about Jamie Dimon,” Politico, May 14, 2012; http://www.politico.com/story/2012/05/10-facts-about-jamie-dimon-076269.)

Dimon is married to Judith Kent. The couple has three children: Julia, Laura, and Kara Leigh. (Source: “James Dimon,” Celebrity Net Worth; http://www.celebritynetworth.com/richest-businessmen/ceos/jamie-dimon-net-worth/, last accessed on March 4, 2016.)

5. He Received Treatment for Throat Cancer in 2014

In 2014, Dimon took a break to receive treatment for throat cancer. He announced his diagnosis to staff and shareholders in July of that year. He returned to work in October and in late December, Dimon issued a company memo to employees saying he had been declared cancer-free. (Source: “JPMorgan Chase CEO Jamie Dimon is cancer-free,” Fortune, December 5, 2014; http://fortune.com/2014/12/05/jp-morgan-chase-ceo-jamie-dimon-is-cancer-free/.)

Jamie Dimon’s Earnings by Year

Year Earnings
2015 $27.5 million
2014 $20 million
2013 $20 million

Data source: Fortune