|Net Worth:||$100 Million|
|Birthday:||Feb 25, 1965|
|Age:||58 years old|
|Height:||5.4 feet (164cm)|
|Birthplace:||United States of America|
|Last Updated:||March, 2023|
Karen Lisa Finerman is a 56 years old American businesswoman and television panelist. As of July 2021, she has a net worth of $100 million. She is a Co-founder and President of Metropolitan Capital Advisors Inc, Board Member of Michael J. Fox Foundation for Perkinson’s Research, Board Member of GrafTech International Ltd, and a Trustee of the Montefiore Medical Center. Finerman is also a famous panelist in the NBC show Fast Money. Finerman’s Rules: Secrets I’d Only Tell My Daughters About Business and Life is one of her popular books which was published in 2013.
How Did Karen Finerman Become Rich?
Karen Finerman is one of the successful women in the United States. She got her graduation from the University of Pennsylvania in 1987. It is reported that from an early age, she had a curiosity about earning more money. She had the instinct to financially empower herself from an early age. “It is incomprehensible for me to ask someone for money, not even my husband,” she says in an interview with The Guardian. With that passion, she started working as a trader for First City Capital. This experience played a pivotal role in the subsequent investment strategies of Karen.
Her actual career kicked off in 1992 when she stepped into the Hedge Funds Investment and co-founded the Metropolitan Capital Advisor Inc in 1992. Generally speaking, hedge funds are alternative ways of traditional investment that aim at eliminating the uncertainties in the market and help make greater and reliable turnovers. These hedge funds – executed through Metropolitan Capital Advisor Inc – turned out to be a wake-up call for Karen. She is a sitting Chief Executive Officer of the Metropolitan Advisor Inc and makes a hefty amount of turnover from it every year.
Since Karen had an in-depth understanding of money and stock trading, she then moved on to become a panelist of one of the popular shows of NBC’s post-market show – Fast Money where she analyzes key financial matters like financial independence, utilization of money, and financial stock trading. She makes a reliable salary from her role as a chief panelist of the show.
Given her background knowledge, she also acutely writes about money along with other all-encompassing factors like social life, work-life, and choosing the best life partner. The most famous among all of her writings is the 2013 Finerman’s Rules: Secrets I’d Only Tell My Daughters About Business and Life, where she illustrates her instinct of earning and utilizing money and gives a touch to her personal and social life.
What Is Karen Finerman Net Worth?
According to the latest updates of July 2021, Karen has a hefty net worth of over $100 million. Her heterogeneous income comes from a wide range of sources.
A vast share of her income comes from her hedge fund investments and Metropolitan Advisor Inc where she actively makes investments and gains hefty turnovers. As a president and co-founder of the Metropolitan Advisor Inc, she earns roughly $8 million per year. It is pertinent to notice that since the start of the hedge fund, its net worth has rapidly scaled up from $4 million to $1 billion in 2021.
Her role as a Television Panelist in the famous NBC show Fast Money is another crucial source of her income. As the chief panelist of the show, she shares her insights about financial instability, utilization of money, and gives a touch to social life like selecting the best partner and managing a sound lifestyle. She earns a handsome amount from this NBC show. Although the exact salary, she gets from NBC is unknown, but it certainly adds up to her growing net worth.
It is noteworthy that not only does Karen invest and talk about money, she also writes about it. Finerman’s Rules: Secrets I’d Only Tell My Daughters About Business and Life is one of the best examples of her in-depth understanding of the functionality of money and her personal life. The book has still an impressive stand on Amazon with 150+ reviews. Ironically, this is also a key source of her income. This book, published in 2003, entertains the audiences in dealing with money management, work-life balance, choosing the best partner, and is widely appraised worldwide. This ultimately adds up to her net worth.
As an investment manager, she is driven towards putting in investments. In her latest Fast Money show, she expresses that it is a worthwhile idea to invest money in something that gets the reward instead of merely spending on liabilities. She adds that she has now stepped in to invest in Walmart and Target Corporation since they both are reliable and are proved to be a good stewards of capital. Thus, actively making investments is another source of her income as it pays off in bulk.
How Karen Finerman Spends Her Money?
Karen lives in an extravagantly furnished house in New York City with her husband Golub and her four children who are 21 and 18 years old respectively. Very little is known about her personal expenses and the kind of cars she drives. However, her recent tweet suggests that she and her company has UPS trucks delivering goods to consumers and warehouses throughout New York City.
Karen and her spouse are also keen on making wholesome donations. According to Forbes, Karen and her husband Golub donated money to Joe Biden in the 2020 presidential election. She is also a permanent trustee of Montefiore Hospital and a board member of the Board of Directors of the Michael J. Fox Foundation where she donates a handsome amount every year.
- Karen has two sets of twins – Lucy and Jack who are 21 years old and William and Kate who are 18.
- Her birth sign is Pisces.
- Despite her hefty net worth of $100 million, she is not the wealthiest in her family. Her husband Golub is a multimillionaire and so is her sister Wendy Finerman, who is an Oscar laureate.
- Her husband Lawrence E. Golub is a sitting Chief Executive Officer of Golub Foundation / Corporation – an enterprise that helps the consumers in their credit assessment and management.
- An article by Ivan Boesky, which Finerman read at an early age, inspired her to go into Wall Street and gain financial independence. This ‘risk’ turned out to be a turning point in her life later on.