Introduction
Joe Kernen is a longtime business journalist who has spent over two decades hosting CNBC’s “Squawk Box.” He’s interviewed some of the biggest names in business and finance, from Warren Buffett to Bill Gates. But what many people don’t know is that Kernen has amassed quite a fortune of his own. In this blog post, we’ll take a closer look at Joe Kernen’s net worth, how he earned it, and what lessons we can learn from his financial success.
Early Life and Career
Joe Kernen was born in Cincinnati, Ohio, in 1956. He attended the University of Colorado at Boulder, where he earned a bachelor’s degree in molecular, cellular, and developmental biology. After college, Kernen worked as a stockbroker for Merrill Lynch and then as an anchor for CNBC’s sister network, FNN (Financial News Network). When FNN was acquired by CNBC in 1991, Kernen became a full-time CNBC anchor.
“Squawk Box” Success
Kernen has been the co-host of CNBC’s “Squawk Box” since 1995. The show is a popular morning program that covers business news and financial markets. Kernen’s unique mix of humor and financial expertise has made him a hit with viewers, and “Squawk Box” has consistently been one of CNBC’s highest-rated shows.
Board Memberships
In addition to his work on “Squawk Box,” Kernen serves on the board of the Damon Runyon Cancer Research Foundation and the Financial Industry Regulatory Authority (FINRA). He’s also an adjunct professor of finance at the University of Colorado at Boulder.
Net Worth and Earnings
According to Celebrity Net Worth, Joe Kernen’s net worth is estimated to be $18 million. His annual salary from CNBC is reportedly $2 million. Kernen has also earned money from other ventures, such as public speaking engagements and book deals.
Real Estate Investments
Kernen and his wife Penelope Scott own several properties, including a vacation home in the Bahamas and a house in Montauk, New York. In 2020, they purchased a luxury condo in Palm Beach, Florida, for $8.2 million.
Investment Philosophy
Kernen is known for his bullish outlook on the stock market and his disdain for market pessimists, whom he refers to as “perma-bears.” He once famously said, “I’m not saying the glass is half full; I’m saying the glass is overflowing.” Kernen also advocates for individual investors to take a hands-on approach to their portfolios and avoid relying too heavily on financial advisors.
Criticism and Controversies
Kernen has faced criticism for his statements on climate change, which he has called “junk science” and “witchcraft.” He’s also been accused of being too cozy with corporate CEOs and not holding them accountable for their actions. In 2020, Kernen came under fire for downplaying the severity of the COVID-19 pandemic and peddling conspiracy theories about its origins.
Lessons Learned
Despite his controversies, there are some lessons that can be learned from Joe Kernen’s financial success. He’s a firm believer in the power of the stock market to create wealth, and he’s demonstrated that it’s possible to achieve financial success through hard work and determination. He’s also shown that investing in real estate can be a lucrative way to build wealth. However, it’s important to remember that Kernen’s success is not without its drawbacks, and his controversial views should be examined critically.
Conclusion
Joe Kernen’s net worth is a testament to his longevity and success as a business journalist. While his controversial views have garnered criticism, Kernen has shown that it’s possible to achieve financial success through hard work and savvy investments. Whether or not you agree with his investment philosophy, there are lessons to be learned from his career.
FAQs
1. How much is Joe Kernen worth?
Joe Kernen’s net worth is estimated to be $18 million.
2. What is Joe Kernen’s annual salary from CNBC?
Kernen’s salary from CNBC is reportedly $2 million per year.
3. What properties does Joe Kernen own?
Kernen and his wife own a vacation home in the Bahamas, a house in Montauk, New York, and a luxury condo in Palm Beach, Florida.
4. What is Joe Kernen’s investment philosophy?
Kernen is a firm believer in the stock market’s power to create wealth and often encourages individual investors to take a hands-on approach to their portfolios.
5. Has Joe Kernen faced controversies?
Yes, Kernen has faced criticism for his statements on climate change, perceived coziness with corporate CEOs, and downplaying the severity of the COVID-19 pandemic.