James Dimon

What do we know about CEO of JPMorgan?

James Dimon is an American billionaire businessman. Since 2005, he has been President and Chief Executive Officer of JPMorgan Chase, the largest of the Big Four US banks. Dimon was previously a member of the board of directors of the Federal Reserve Bank of New York. Dimon was included in Time magazine's 2006, 2008, 2009 and 2011 lists of the 100 Most Influential People in the World. Dimon's net worth is estimated at $ 1.8 billion. He received a salary of $ 23 million for fiscal 2011, more than any other bank CEO in the United States.


Dimon was born in New York City as one of three children of the Greek immigrants Theodore and Themis Dimon and attended the Browning School. His paternal grandfather was a Greek immigrant who changed Papademetriou last name to Dimon to make it sound French and worked as a banker in Izmir and Athens. He has an older brother, Peter, and twin brother, Ted.
He graduated in psychology and economics from Tufts University. Where he wrote an essay on the Shearson Mergers; Which earned him a summer job. After graduation, he worked in management consulting for two years before enrolling at Harvard Business School. He worked at Goldman Sachs during his summer at Harvard. He graduated in 1982 and obtained an MBA as a Baker Scholar. A Harvard Business School graduate, Sandy Weill convinces him to turn down offers from Goldman Sachs, Morgan Stanley and Lehman Brothers to join him as an assistant at American Express.

Last Interview & Thoughts on Bitcoin

In his last Interview, as the CEO of J.P.Morgan on the subject of crypto regulations, Dimon said “No matter what anyone thinks about it, the government is going to regulate it. They are going to regulate it for anti-money laundering purposes, for Bank Secrecy Act purposes, for tax.”
He strongly showed that he is not a fan of Bitcoin by stating “I personally think that bitcoin is worthless”. 

In a recent report, Dimon’s Colleagues at JPMorgan say the growing number of uses of Ethereum - peer to peer loans, NFTs, games, stablecoins - should help it maintain its value in a climate of rising interest rates. Bitcoin, on the other hand, could be configured for another slide.

Final Words

The 19th powerful man in 2018, 1750th billionaire of 2021 and CEO of JPMorgan is one true example of self made billionaires who worked hard and used their knowledge and intelligence to create a successful career.