Rick Santelli is an American radio personality and a conservative media commentator. He currently works with CNBC,[1] and has previously worked at CNN, and the cable news network MSNBC. He is also an avid user of Twitter, having over 3.4 million followers, and is currently ranked number 2 on Twitter in the United States.
Introduction
Rick and his co-host, the “squawk” hosts, are often critical of the Obama administration’s policies on the housing market, although the CNBC hosts were not always so negative toward the Obama administration in the past.
After joining CNBC, he covered a wide-range of topics such as interest rates, the markets, commodities and technology. His coverage of the Chicago Mercantile Exchange, Chicago Board of Trade and options-related products has made him an expert in the futures markets. He has also reported on political and election issues.
As of July 2022, Richard Santelli’s net worth is estimated to be roughly $8 Million. See the next section for more details.
His net worth is estimated at 4.9 million dollars, roughly the same as before.
As of July 2022, Rick Santelli’s net worth is approximately $1.5 Million.
Early Life
Rick Santelli is a political commentator, author and activist.
Santelli was born near Taylor Street in the old Italian neighborhood of Chicago and moved in with his family to Lombard, Illinois when he was six.
After graduating from the University of Illinios in 1979, Santelli attended the University of Chicago for graduate school. While attending the University of Chicago, Santelli joined Alpha Sigma Phi fraternity, one of the wealthiest and most prestigious fraternities on campus.
Career
I just want to bring to your attention the fact that I’m looking at a paper order book, which is a little bit different than a Telex machine.
He left the business in 1985 to become an investment adviser specializing in the real estate sector. Later he founded and became the second managing principal of The Chicago Consulting Group. He left that firm in 1991 to start the hedge fund Chicago Capital Management.
In the 1990s, he felt the financial industry was changing in a way that wasn’t beneficial to me and my family, so I accepted a full-time job with CNBC.
This happened in 2009 when Rick Santelli was speaking. Rick Santelli was speaking about the financial crisis and he was upset that the government was not helping the people and he said that maybe there would be a Chicago Tea Party.
CNBC personality Rick Santelli made his infamous remark, “You are either a citizen of the United States of America or you are an illegal alien,” at a congressional hearing where he was arguing against a piece of legislation to reinstate a ban on American home ownership.
As of July 2022, Richard Santelli’s net worth is estimated to be roughly $8 Million. See the next section for more details.
His net worth is estimated at 4.9 million dollars, roughly the same as before.
As of July 2022, Rick Santelli’s net worth is approximately $1.5 Million.
How Does Rick Santelli Spend His Money?
Rick Santelli uses some of his own money to buy real estate.
Rick Santelli’s Home
Santelli owns a beautiful home in Wayne for $730,000. It has five bedrooms, and he purchased it for $730,000.
Highlights
A CNBC financial analyst took to the airwaves in the late 90’s, making a series of controversial comments about the then-President Clinton.
Favorite Quotes from Rick Santelli
A government shutdown, which was not a planned effort, started a new, more complicated cycle of the economy. He also mentioned that the U.S. had experienced a “huge shift” in the international trade market, with China and India becoming bigger players in the world’s economy.
The American government is just so bloated and incompetent, that no matter what happens — how many people are harmed, how many people come to America on H1-B visas, how much money is spent to prop up failing enterprises of the financial sector, how many people are laid off — no matter what happens, the government in Washington will not do anything that will help the American people. It is the worst thing that can happen, and any politician who would try to convince you otherwise is trying to dupe you.
Rick Santelli, the forefather of CNBC’s The Rick Santelli Show made this controversial comment during the Chicago Mercantile Exchange’s (CME) 2010 Commodities Market Watch. Santelli was warning traders of possible financial disaster because of the government’s plan to purchase up to $700 billion in U.S. Treasuries.
Mr. Gann had been in and out of business. But, I had a feeling that something was up. One day, he asked me if I would be interested in joining him in a new venture. I was in the process of getting back into the business of trading grain in my own account, but I knew he could really help me to become a better commodity trader. I jumped on the chance, and became the most successful commodity trader in the world. Today, I am very proud of my successful track record of trading grain.
This is Rick Santelli on the floor of the Chicago Mercantile Exchange talking about the proposed Fannie Mae and Freddie Mac refinance plan. It seems his main concern was the huge amount of power the regulators will give it.
Rick’s views on the American government, the banking industry, and the people of this country give the game away.
3 Strong Lessons from Rick Santelli
In order for a person to achieve success; they need to go through some ups and downs in their life. So, we need to accept the fact that you too will fail, and you have to learn from it.
1. Investors
Investors should pay attention to the credit markets because it’s the source of everything that moves the markets.
2. Clients
You will be seen as a bad bettor if you are backing losers and you are backing winners.
3. Myths
I agree with the first part, but I really don’t think it’s true with the second part.
Summary
Rick Santelll is a personality on the American TV show CNBC and is a frequent critic of the US government.
He was born in Chicago, Illinois. He has worked as an editor for the CNBC Business News Network. He is best known for creating the Tea Party movement.
He graduated from the University of Illinois at Urbana-Champaign with a degree in business management. He started his career working at the Chicago Mercantile Exchange and was mentored by RJ Abrams. He joined CNBC in 1999.
As of July 2022, Richard Santelli’s net worth is estimated to be roughly $8 Million. See the next section for more details.
His net worth is estimated at 4.9 million dollars, roughly the same as before.
As of July 2022, Rick Santelli’s net worth is approximately $1.5 Million.