Rick Santelli was born on the 12th January 1953, in Chicago, Illinois, USA of Italian ancestry, and is an editor working for the Business News network on CNBC. He has been working in the above mentioned position since the middle of 1999, and the reports he works on are based on information from the Chicago Board of Trade. Prior to this, Santelli held the position of the Vice President of the investment fund and institutional trading for Drexel Burnham Lambert. He has about 20 years of experience in trading.
How rich is the editor for the Business News network on CNBC? It has been reported that the total size of Rick Santelli’s net worth is as much as $6 million, as of the data presented in the end of 2016. Television as well as investment management are the main sources of Santelli net worth.
Rick Santelli Net Worth $6 Million
To begin with, he grew up in an old Italian neighbourhood based in Chicago until six years of age, when his family moved to Lombard, Illinois. He was educated at Willowbrook High School located in Vila Park, Illinois, then he studied at the University of Illinois at Urbana Campaign, graduating 1979; he was also a member of Alpha Sigma Phi fraternity.
Concerning his professional career, he was employed by the well-known businessman RJ Abrams in the early 1980s, who became his mentor, schooling Rick in futures trading, customer relations and foreign exchange. At that time, Abrams worked with Japanese Yen pit customers at the Chicago Mercantile Exchange doing brokerage of houses; Rick had to arrange the price and interact with customers. Most of the works were done on paper using Telex machines.
Upon the graduation from the university, he became the member of Chicago Mercantile Exchange. More, as a trader he sat at the Chicago Board of Trade. Santelli also served as the Vice President of Interest Rate Futures of Options. In addition to this, he worked as the Managing Director at the Derivative Products Group of Geldermann Inc. Thus, he became a respectable figure in the business world, meantime adding significantly to his net worth.
However, as the financial industry changed with time, Rich decided to change his path and started working as the editor at CNBC in 1999. Up to date, he has made many live reports on markets in mass media, as he is seen on screens from 12 to 14 times per day reviewing the situation in trades. Rick Santelli is a regular contributor to the business show “Squawk on the Street” (2005 – present) which is aired on CNBC. Up to date, he has worked for more than 17 years on television, considerably improving his net worth.
Furthermore, Rich Santelli is considered to be the catalyst of the Tea Party movement, after he gave a speech at the beginning of 2009 accusing the government of promoting bad behaviour.
Finally, in the personal life of Rick Santelli, he is married, but does not reveal much about his private life, although it is known that the family has three children. They reside near Wheaton, Illinois, USA.
