Fired Banker Builds $3.2 Billion Fortune After Taking Risky Bet
Jamie Dimon, CEO of JPMorgan Chase, has built a personal fortune worth over $3.2 billion through his career in banking. Despite being fired by Citigroup at age 42, he went on to become one of the world's most influential bankers.
Dimon was learning to analyze stocks as homework from his father, a Wall Street broker, and bought his first stock at the age of 14. This early exposure shaped his investment philosophy and laid the foundation for his career.
After being fired by Citigroup in 1998, Dimon took the CEO job at Bank One and personally invested $60 million in the company's stock. The bet paid off when Bank One merged with JPMorgan Chase in 2004, making Dimon the combined bank's president and COO.