Suze Orman Biography
Suze Orman is an American author, financial advisor, motivational speaker, and television host. She founded the Suze Orman Financial Group in 1987. Her Show began airing on CNBC in 2002, running for 13 years in the U.S. and internationally.
She has written nine New York Times bestsellers about personal finance. She was named twice to the Time 100 list of influential people, has won two Emmy Awards, and eight Gracie Awards. Orman has written, co-produced and hosted 8 PBS specials, and has appeared on multiple additional television shows. She has been a guest on The Oprah Winfrey Show approximately 29 times and Larry King Live over 30 times.
She was born on the South Side of Chicago on June 5, 1951, to Jewish parents of Russian and Romanian origin, Ann and Morry Orman. Her mother worked as a secretary for a local rabbi, while her immigrant father from Kiev worked in a chicken factory and managed Morry’s Deli in Hyde Park. She went to the University of Illinois at Urbana–Champaign and received a B.A. in social work in 1976. In 2009, Orman received an honorary doctorate of humane letters from the University of Illinois at Urbana-Champaign.
Suze Orman Age
Suze Orman was born as Susan Lynn “Suze” Orman, on 5 June 1951, Chicago, Illinois, United States.
Suze Orman Spouse
In February 2007, Orman stated that she is a lesbian. Orman has been married to Kathy Travis since 2010. In 2008, Orman donated money to the Democratic Party. In an interview with Larry King, she said that she favors the policies of the Democratic Party and Barack Obama, especially regarding people in same-sex relationships.
Suze Orman Career
Orman moved to Berkeley, California after finishing school. There, she worked as a waitress. She borrowed $52,000 from friends and wellwishers to open a restaurant in 1980. She invested that money through a representative at Merrill Lynch. Merrill Lynch promptly lost her entire investment in trading options. Orman trained as an account executive for Merrill Lynch. where she learned that the type of investment her broker had put her in was not suitable for her needs, as options trading is considered a high-risk but high-reward investment suitable only for high net worth individuals. It was explained to her that because her broker was the highest producing representative in the office, his actions went unchecked. After completing her training with Merrill Lynch, she remained at the firm until 1983, when she left to become a vice president of investments at Prudential Bache Securities.
Orman resigned from Prudential and founded the Suze Orman Financial Group, in Emeryville, California in 1987. She published a booklet, The Facts on Single Premium Whole Life, which compared single-premium whole life, universal life, and single-premium deferred annuities; she distributed copies of the booklet for free to anyone who requested one. She was the director of the firm until 1997.
Orman published ten books between 1995-2011: “You’ve Earned It Don’t Lose It” 1995 ‘The 9 Steps to Financial Freedom (1997), and The Courage to be Rich (1999). The Road to Wealth (2001) and The Laws of Money, The Lessons of Life (2003). “The Money Book for the Young Fabulous and Broke (2005)” “Women & Money” (2007) The 2009 Action Plan” (2009) “The Money Class” (2011). In 2002, Orman Show began airing on CNBC.
Orman gave away copies of her book Women and Money for free following an appearance on The Oprah Winfrey Show, generating almost two million downloads in February 2008. She has been featured on the Food Network’s Paula’s Party. In January 2011, Orman appeared on Oprah’s Allstars. In January 2012, Orman’s six-episode TV series America’s Money Class with Suze Orman premiered on OWN: Oprah Winfrey Network.
The Suze Orman Show began airing on CNBC. In February 2008, Orman gave away copies of her book Women and Money for free following an appearance on The Oprah Winfrey Show, generating almost two million downloads. Orman has been featured on the Food Network’s Paula’s Party. In January 2011, Orman appeared on Oprah’s Allstars. In January 2012, Orman’s six-episode TV series America’s Money Class with Suze Orman premiered on OWN: Oprah Winfrey Network.
Orman wrote a financial advice column for O, The Oprah Magazine. She is the former author of Yahoo!’s “Money Matters” and writes for the Costco Connection Magazine. She contributed to The Philadelphia Inquirer, Lowes MoneyWorks, and Your Business at Home Magazine. Orman’s final episode of The Suze Orman Show aired on March 28, 2015, so Orman could develop a new series, Suze Orman’s Money Wars, for Warner Bros. Telepictures Productions. Orman hoped the show would premiere in the fall of 2016.
Suze Orman Net Worth
Her net worth is estimated to be between $10 million and $30 million,
Suze Orman Prepaid Debit Card
Orman introduced the Approved prepaid debit card, which was backed by Bancorp Bank and marketed to “budget-challenged consumers” in 2012. Cardholders were charged a $3 monthly fee, which was described by The New York Times as “customer-friendly”. The Approved card’s features included credit reports and credit scores from TransUnion, as well as credit monitoring and identity theft protection. TransUnion also agreed to “examine data from Approved cards”, which was unusual for prepaid debit cards but did not factor the card’s usage into the cardholders’ FICO scores. In July 2014, the Approved card was discontinued.