Karen Backfisch-Olufsen: Bio, Husband, Divorce, and Net Worth

karen backfisch olufsen

Karen Backfisch-Olufsen is a successful entrepreneur and TV commentator. These are the reasons she is famous. Other than that, she is still better recognized as the ex-wife of American TV star Jim Cramer. 

They had been together since 1988. But they two eventually moved in separate directions. Why this happened today, we will explore in this post. Let’s get to know about her personal and professional life;

Who is Karen Backfisch-Olufsen?

Karen Backfisch-Olufsen was born to anonymous parents in New York, United States of America, and reared there. Her family has maintained a low profile. Thus, little got known about her childhood, parents, and siblings.

Regarding her academic background, she received a degree from Stony Brook University. After finishing college, Karen started her professional life working at Michael Steinhardt’s hedge fund alongside Jim Cramer.


Karen Backfisch Olufsen started working for Michael Steinhardt and Jim Cramer’s hedge fund. Karen’s resume also includes stints as a vice president’s assistant and a document manager’s assistant at Lehman. Michael Steinhardt’s hedge fund employed the two.

Jim was a senior partner and manager at Cramer Berkowitz. She and Jim worked together for a while before getting married and forming a new department at Cramer & Company.

Karen Backfisch Olufsen sits on the board of the Michael J. Fox Foundation for Parkinson’s Research and is a managing director at Metropolitan Capital Advisor, Inc. In addition to her work with GarfTeach International, she also serves as an administrator at Montefiore Medical Centre.

Who is Karen Backfisch-Olufsen Husband? Jim Cramer

Former hedge fund manager and best-selling author Jim Cramer married Karen Backfisch-Olufsen in 1988. In the ’80s, when they first met, they immediately hit it off.

As employees of Michael Steinhardt’s hedge firm, that was their duty. At Cramer Berkowitz, Jim also held the position of manager.

The two people eventually met and quickly developed feelings for one another. It was 1988 when the pair, dating for over five years, finally committed to living together as husband and wife. Jim and Karen both found employment with Cramer and Company shortly after that.

Why did Karen Backfisch-Olufsen got divorced from Jim?

They met in a Manhattan tavern in January 2006. Karen and Jim seemed like longtime friends. Her first marriage and child’s cardiomyopathy death got recounted. Jim told her about his ex-wife and two kids.

After another delightful New York City date, Jim booked a cab for Karen and informed her, “Sometimes in life, people who are special need to be told they are special.” They dated again two weeks later. Love counted this time. Jim advised marrying and starting a new life. They compromised and engaged.

The Cramers married in 1988 and had Cece and Emma Kramer after five years of dating. They got separated after 21 years in 2009.

Jim and Karen have decided not to discuss the reasons behind their split. The entrepreneur disappeared from public view after that. There appears to be a pattern of ex-wives harboring feelings for other ex-husbands.

Karen’s professional life ended alongside her marriage. However, she bravely entered the business world and became an entrepreneur.

Soon later, Jim began dating Lisa Detwiler, and in 2015, the couple tied the knot in Brooklyn.

Although the Kramers also raised two lovely children, Cece and Emma, they had very different upbringings. Karen’s husband, Jim, always encouraged her to perform better in her career and did his best to help her succeed.

The couple divorced after twenty-one years of marriage for their reasons. Karen Backfisch-Olufsen has remained out of the spotlight after her divorce.

After developing feelings for Lisa Detwiler, Jim proposed to her on April 18, 2015, and the two were married a year and a half later on April 18, 2015, in New York City.

Height And Weight

Karen Backfisch-Olufsen still stands at a modest 5 feet, 5 inches tall. Karen’s earthy brown hair and beautiful Hazel eyes make her a sight to behold despite her 52 kg frame. In addition, her body is slim and toned.

Net Worth

The successful entrepreneur has declined to share details about her wealth. However, studies show that, on average, Karen makes between $34,392 and $75,076 annually.

Career and entrepreneurship have helped Karen Backfisch-Olufsen earn $500,000. Her estimated annual income is $228,000, placing her net worth at $1 million.

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