Pete Najarian, born on 22 December 1963, is an American market analyst and television personality who became famous for co-founding Najarian Advisors and for being one of the panel in the show “Fast Money”.
So how much is Najarian’s net worth? As of mid 2016, it is estimated by authoritative sources to be $25 million, acquired from his years in the trading business, his businesses that he opened and his participation in the show “Fast Money”.
Pete Najarian Net Worth $25 million
Born in San Francisco, but growing up in Minnesota, Najarian is the son of John Najarian, a renowned transplant surgeon. He originally planned to be a professional American football player, trying out with different colleges, but finally studying at and graduating from the University of Minnesota. He played for the Golden Gophers as a linebacker, becoming part of the All-Big Ten second team from 1983 to 1985. With his outstanding performance in college, he was able to play professionally for the Tampa Bay Buccaneers and Minnesota Vikings. Unfortunately, his days in the big leagues were short lived, but even so it still helped start his net worth.
With the help and influence of his brother Jon, Najarian shifted into a new career and started trading in 1992, and the Najarian brothers became a force to be reckoned with in the business. In 2005, the two founded optionmonster.com, a website that provides information for traders including commentaries, market intelligence and strategies. In 2008, the brothers started another company, TradeMONSTER, an online brokerage company. The website doesn’t require customers to purchase or download any software, provides trading information. The feat of the two websites added more credibility to Najarian and also increased his wealth.
Some of the other ventures that Najarian became a part of include being one of the founding members of Rebellion Partners, being the president of Mercury Trading for four years before its sale to Citadel, co-founding One Chicago, co-founding Hedgehog stock, and co-developed Heat Seeker together with his brother Jon. The success of his many ventures continuously increased his net worth.
In 2007, Najarian was invited by the television network CNBC to become part of their new show “Fast Money”, a financial stock-trading talk show that airs after the New York Stock Exchange closes. Najarian became one of the panellists and gives his opinion about options trading, exchange-traded funds and commodities. The show also discusses the current events in the business world, and provides insider tips to the audience to help them make wise investments.
The show proved to be a huge success earning great ratings, and later on Najarian’s brother Jon also came on board and became a panellist for the show. Today, the brothers still appear in “Fast Money” and their earning from the show have also added to their wealth. In 2016, Najarian and his brother Jon co-founded their newest venture Najarian Family Office.
Najarian has also authored two books – “How We Trade Options” and “The 22 Rules of Investing”, which have helped his net worth.
In terms of Najarian’s personal life, he is married to Lisa, founder of Loopie Doop’s cookies, and together they have four children.
