Rick Santelli Net Worth is$3 Million
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Profession: Trader, Commentator, Reporter, Editor
Date of Birth: Jan 12, 1953
Rick Santelli is an Illinois-born commentator and trader with an estimated net worth of $3 million dollars. Rick Santelli is a commentator for CNBC and appears 12 to 16 times per day reporting on trading from the Chicago Board of Trade. He was formerly the Vice President of Interest Rate Futures and Options at Drexel Burnham Lambert, before joining CNBC in 1999.
Rick Santelli is an American on-air editor for the CNBC Business News network. He joined CNBC as an on-air editor on June 14, 1999, reporting primarily from the floor of the Chicago Board of Trade. He was formerly the vice president for an institutional trading and hedge fund account for futures-related products. He is also credited with being a catalyst in the early formation of the Tea Party movement via a statement he made on February 19, 2009.
In the course of his normal production schedule at CNBC Business, Santelli appears on-air approximately 12 to 16 times a day.
The grandson of four Italian immigrants, Santelli was born near Taylor Street in Chicago's old Italian neighborhood and at age 6 moved with his family to Lombard, Illinois. After graduating from Willowbrook High School in Villa Park, Illinois, Santelli graduated from the University of Illinois at Urbana-Champaign and has been a member of the Chicago Mercantile Exchange and the Chicago Board of Trade. He began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in markets that included gold, lumber, CD's, T-bills, foreign currencies, and livestock. While at the University of Illinois at Urbana-Champaign, Santelli joined Alpha Sigma Phi fraternity.
After college, Santelli began trading in 1979 at the Chicago Mercantile Exchange in various markets, including commodities, CD's, Treasuries, and currencies.
During the time he spent as a financial trader and executive, Santelli worked for Drexel Burnham Lambert as the Vice President of Interest Rate Futures and Options.
In the 1990s, Santelli felt that the financial industry was changing in a way "not beneficial to me and my family", and in 1999, accepted a full-time job with CNBC.
Santelli drew attention for his remarks made on February 19, 2009, about the Homeowners Affordability and Stability Plan. While broadcasting from the floor of the CME Group during pre-market hours, Santelli accused the government

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Rick Santelli Latest News

Rick Santelli Was Wrong About Everything, Colleague Impolitely Points Out

Steve Liesman is to Rick Santelli what Moriarty was to Holmes, what Patton was to Rommel, what Angstrom Levy was/is to Invincible—a worthy opponent. The Liesman/Santelli tussles happen regularly on the shoutcentric financial channel CNBC, but today's ...
Posted: July 14, 2014, 11:11 am

How to be a Scrooge Investor During the Holidays

Today, I appeared on CNBC with Rick Santelli to talk about the economy, the Santa Claus rally and Bitcoin euphoria. Watch the three-minute interview here. One of the traditions during the Christmas holidays is to read Charles Dickens’ famous book ...
Posted: December 7, 2017, 7:21 pm

CNBC’s Rick Santelli tells Obama he can’t redistribute wealth if there is no wealth

While discussing Friday’s jobs report, CNBC ’s Rick Santelli stressed that America “can’t keep spending like it’s 1999” when it comes to unemployment benefits, and offered President Obama a tip on wealth redistribution. Considering Santelli’s ...
Posted: January 18, 2014, 2:43 am
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