• Karen Backfisch-Olufsen is a Caucasian hedge fund manager and financial advisor.
• She is best known for her close business and romantic relationship with her now ex-husband Jim Cramer.
• She is assumed to have attended an unspecified local high school and graduated from the State University of New York.
• She has worked for Lehman’s vice president, Michael Steinhardt’s hedge fund, and Cramer & Co.
• Her net worth is estimated to be close to $500,000.

Known for movies

Short Info

FactChosen by People magazine as one of the 50 Most Beautiful People in the world [1990]

Who is Karen Backfisch-Olufsen?

Born on an unspecified date in the 1960s, in an unknown part of the US, Karen Backfisch-Olufsen is a Caucasian hedge fund manager and financial advisor. She is definitely best known to the world for her significant presence in the media thanks to her close business and romantic relationship with her now ex-husband Jim Cramer – a TV personality, hedge fund manager and best-selling author who gets a major part of his fame from being the host of CNBC’s “Mad Money”. She has also had a certain number of her own successes over the course of her sometimes lucrative hedge fund managing career since an unspecified date.

Karen Backfisch-Olufsen

Early Life and Education: Mysterious Roots

Karen was raised apparently an only child in her birthplace by parents of unknown names and professions. Due to the complete lack of information about her across authoritative media sources, virtually nothing is known about her beginnings; her early interests are a mystery to this day. As for her education, she is assumed to have attended an unspecified local high school, from where she matriculated at an unclear date. It is known, however, that she then enrolled in the State University of New York, from where she graduated at an uncertain point with an unspecified business degree.

Career: A Fortunate Meeting

There is no information about the beginnings of Karen’s career, but it is known that she was employed as the assistant of Lehman’s vice president, and as such made a great contribution towards building, organizing and optimizing various portfolios. The reason that she later left this position is unspecified, as well as the date, but there is the fact that she worked for Michael Steinhardt’s hedge fund at some point prior to and including 1988. In the said year, she met Jim Cramer thanks to a few colleagues, at which point they became close associates. Subsequently Karen was persuaded by Jim to leave her current position and come work for his fund, Cramer & Co, which just happened to share some of the offices with the abovementioned Steinhardt. Even though Karen herself mostly stayed out of the news and media when it comes to her own professional achievements, Jim Cramer would often mention in his books and interviews that resource management in his businesses would have been nearly impossible without Karen’s expertise. Therefore, even though there aren’t specific events in her career that can serve as its milestones, the value of her work is nonetheless known throughout the world. It is unknown where she is employed now, though according to the amount of trust Jim has in her abilities, she is likely to still be employed at his company.

Karen & Jim’s Love Story

As mentioned, Karen and Jim met at their workplace in 1988. They seem to have taken very little time to develop a massive interest in one another, since they married in the same year, yet again  at an unknown location and far away from the media spotlight, exclusively with privately known invitees. Over the years, their affection for each other grew in proportion to the amount of success they managed to achieve professionally. Together, they have two daughters – Cece Cramer and Emma Cramer, both of whom were born on an unspecified date and following unknown career paths today. Jim and Karen remained together for 21 years, but then divorced in 2009 for unknown reasons. However, according to their public statements about each other, or the lack thereof, they seem to have stayed business associates and friends regardless of their ultimately failed marriage.

Who is Jim Cramer?

Born James J. Cramer under the sign of Aquarius on the 10th of February 1955 in Wyndmoor, Springfield Township, Pennsylvania USA, Jim Cramer is a 64-year-old world-famous CNBC anchor, businessman, investor, entrepreneur and best-selling author. He is perhaps best known to the world for the immense publicity he garnered over the years that he spent fully immersed in the investment business. It could be said that his literary achievements contribute to his fame in equal amount as his ubiquity on television as an investing expert. He obtained his Bachelor of Arts degree in Government from Harvard University in 1977, and a Juris Doctorate degree from Harvard Law School in 1984. Prior to entering the world he represents today, specifically after 1st March 1978, Jim worked as an entry-level reporter for various newspapers, such as the Tallahassee Democrat. Cramer abandoned this career path upon entering business in 1980, in which he is greatly involved even today. Besides the aforementioned sources of his fame, he is also the co-founder (alongside Martin Peretz) of TheStreet.com, a financial news and services website that offers an insight into various business-related topics, such as the stock market price variations and predictions, among many others.

Jim About Karen

In an interview with NYmag.com, Jim Cramer described various stages of his professional life that were critical to his later success, naturally including Karen’s influence and support. Specifically, Jim said ‘It wasn’t, however, until I went out on my own in that great year to start a hedge fund, 1987, that I realized that not only could prices not be predicted, they were fixed every day by a process that combined luck and promotion, and could only be gamed by someone much tougher and smarter intellectually than I was. Fortunately, that someone turned out to be Karen Backfisch, who not long after the crash, which she had predicted, became Karen Cramer, half owner of Cramer & Co. Even with her help, the job totally overwhelmed me. Every year, I schlepped to the office a half hour earlier, until in my last year I set the alarm at 2:45 a.m. so I still stood a chance of beating those younger and quicker than a 45-year-old could be. My ridiculous work ethic became the only security I had in the totally insecure world of daily performance grading.’ Perhaps a clue to his eventual divorce!?

What is Karen Backfisch-Olufsen’s Net Worth?

Have you ever wondered how rich Karen Backfisch-Olufsen is, as of early 2019? According to various authoritative sources, it has been estimated that the total of Karen’s accumulated wealth is close to $500,000, while her ex-husband’s (and current colleague’s) net worth is said to be over $100 million. She accumulated her fortune by making various profitable decisions for the companies she worked for, while she has earned the most during her time at “Cramer & Co”. As her career continues to develop, the said amount is bound to increase.

Social Media Presence

Thanks to the ever expanding grasp that social media has on worldwide audiences, it is in the best interests of most celebrities to keep their fans informed about their activities and thus maintain and potentially increase their rating and profit. However, it doesn’t appear as though Karen is at all preoccupied with maintaining her involvement in this trend, seeing as her presence on social networks is all but ubiquitous at the moment. Facebook, Twitter and Instagram accounts don’t exist.


1Chosen by People magazine as one of the 50 Most Beautiful People in the world [1990]

Source: IMDb, Wikipedia

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