What is the net worth of Rick Santelli?
Rick Santelli has an $8 million net worth as an editor for the CNBC Business News network. His editor job pays him $2 million each year, according to reports.
In June 1999, Rick Santelli joined CNBC as an on-air editor, reporting live from the Chicago Mercantile Exchange floor. Interest rates, foreign exchange, and the Federal Reserve are his main interests.
Quick Facts About Rick Santelli
Rick Santelli Earnings, Career and MoreRick Santelli is predicted to have a net worth of $8 million as of September 2021. While his career as a CNBC editor accounts for the majority of his net worth, he also earns money from other sources such as trading, journalism, and others.
Rick Santelli invests a portion of his earnings in real estate. Santelli owns a beautiful home in Wayne which comes with five bedrooms, and he purchased it for $730,000 thousand.
Santelli’s first duty was to maintain track of customer orders, which were largely recorded on paper via Telex machines and sorted by price, as well as to communicate with customers.
After graduating, Santelli worked for Drexel Burnham Lambert as a commodity trader and order filler at the Chicago Mercantile Exchange and the Chicago Board of Trade, eventually rising to Vice President of Interest Rate Futures and Options.
He accepted a full-time position with CNBC in 1999 because he felt the financial industry was changing in a way that was “not helpful to me and my family” in the 1990s.
Santelli gained notoriety in 2009 for comments he made concerning the Homeowners Affordability and Stability Plan. Santelli accused the government of “encouraging bad behavior” and suggested a “Chicago Tea Party” while broadcasting from the floor of the Chicago Mercantile Exchange.
Santelli received a lot of attention for statements he made about the Homeowners Affordability and Stability Plan on February 19, 2009. Santelli accused the government of “encouraging undesirable behavior” and suggested that a “Chicago Tea Party” could occur. He claimed that people who intentionally took out high-risk mortgages (and were facing foreclosure as a result) were “losers.” Some credit the Tea Party comment for “igniting” the Tea Party movement as a national phenomenon.
After a series of stock declines fueled by fears of a COVID-19 virus pandemic in 2020, media reported that Santelli said on March 5 during a live broadcast of his show, The Santelli Exchange that “maybe we’d be just better off if we gave [the virus] to everybody, and then it would be over because the mortality rate of [COVID-19] probably isn’t going to be any different if we did it that way than [in] the long-term picture, but Santelli later apologized for making the “dumbest, most idiotic” comments on the COVID-19 pandemic management.
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Rick Santelli Relationship and Personal Life
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Rick Santelli Early Life and Education
He was born on Taylor Street in Chicago’s ancient Italian district, the grandson of four Italian immigrants, and moved to Lombard, Illinois with his family when he was six years old.
Santelli enrolled in The University of Illinois at Urbana–Champaign after being graduated from Willowbrook High School in Villa Park, Illinois, where he was a member of the Alpha Sigma Phi fraternity and earned a Bachelor of Science in economics in 1979.