What is Rick Santelli’s Net Worth?



Introduction

Rick Santelli is an editor with the CNBC Business News network.

Santelli joined CNBC on-air as an editor in 1999. He reports primarily from the Chicago Board of Trade. He was vice-president for institutional trading and the hedge fund account, which dealt with futures-related products.

Rick Santelli’s networth is approximately $8 Million as of July 20,22.

Early Life

Rick Santelli, a Chicagoan, was born on the 6th of July 1956.

Santelli was born in Chicago’s Italian neighborhood near Taylor Street. At six years of age, he moved with his family to Lombard, Illinois.

After Santelli had graduated from Willowbrook High school, he enrolled at the University of Illinois Urbana – Champaign where he was a member of the Alpha Sigma Phi fraternity. In 1979, Santelli graduated from Illinois with a Bachelor’s in Economics.

Career

Santelli began his first job as a customer order clerk. Most orders were entered via Telex machines on paper. Prices and interfaces with customers were used to organize the orders.

Santelli graduated and joined the Chicago Mercantile Exchange and Chicago Board of Trade. He was a commodity trader and order fulfiller for Drexel Burnham Lambert. Later, he became Vice President of Interest Rate Futures and Options.

He felt that the financial sector was changing in a way that was not beneficial to him and his family in the 1990s and accepted a full-time position with CNBC in 1999.

Santelli’s comments about the Homeowners Affordability & Stability Plan in 2009 attracted attention. Santelli broadcast from the Chicago Mercantile Exchange and accused the government of “promoting poor behavior”. He also suggested the possibility of a Chicago Tea Party.

Santelli suggested individuals who knew they would be able to obtain high-risk mortgages. Some people credit the Tea Party’s comment with “igniting” Tea Party as a national phenomenon.

How Does Rick Santelli Spend His Money

Rick Santelli uses some of his income to buy real estate.

Santelli is the proud owner of a gorgeous home in Wayne. It has five bedrooms and was purchased by Santelli for $730,000,000.

Highlights

Here are some highlights from Rick Santelli’s career.

  • Santelli was a member of the Chicago Mercantile Exchange (1979)
  • Tea Party Movement

Three Lessons Strong Lessons From Rick Santelli

Now that you’re familiar with Rick Santelli, and what he did to achieve success, let’s examine some of the lessons that we can take from him.

1. Investors

Investors should pay attention to credit markets in normal times. It’s the energy that drives everything. It’s the oil that fuels the engine.

2. Clients

Clients who back your winners and those who lose will be a win for you.

3. Myths

A myth can only be perpetuated if there are more people.

Favorite Quotes From Rick Santelli 

We have a mountain of debt that isn’t going anywhere and all the problems will be here for the foreseeable future. Anyone who thinks that this is a good thing needs to quit helping the government.

W. D. Gann is one of the greatest technical analysts of all time. W. D. Gann was an extraordinary success in predicting market movements well in advance. Legend has it that he often sent notes to The Wall Street Journal’ which accurately predicted tops, bottoms and movements in grain markets months in advance.