Jamie Dimon
Born 1956 · Age 69
American banker and businessman; chairman & CEO of JPMorgan Chase since 2006; long career under mentor Sandy Weill; led Bank One and JPMorgan Chase through major acquisitions and crises.
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Life & Career Timeline
Born in New York City
Born March 13, 1956, in New York City; raised in Jackson Heights, Queens, to Theodore and Themis Dimon (Greek ancestry).
Graduated Browning School (secondary)
Completed secondary education at the Browning School (private boys' prep school) on Manhattan's Upper East Side.
Summer job at Shearson (Tufts research led to hire)
Wrote a paper on Shearson mergers at Tufts; Sandy Weill hired him to work at Shearson during a summer break doing budgeting work.
Joined Boston Consulting Group
Began career as a management consultant at Boston Consulting Group (BCG); work there from 1978 to 1980.
Earned B.A., Tufts University (summa cum laude)
Graduated Tufts University in economics and psychology, summa cum laude (1978).
Left BCG
Ended tenure at Boston Consulting Group (approx. 1980) to pursue MBA at Harvard Business School.
Summer analyst at Goldman Sachs (MBA)
Worked at Goldman Sachs during the summer between first and second years at Harvard Business School.
Joined American Express as assistant to the president
Turned down offers from Goldman, Morgan Stanley and Lehman Brothers to join Sandy Weill at American Express as his assistant.
Received M.B.A., Harvard Business School (Baker Scholar)
Graduated Harvard Business School in 1982, Baker Scholar (top 5% of class).
Married Judith Kent
Married Judith Kent, whom he met at Harvard Business School; couple later had three daughters (Julia, Laura, Kara Leigh).
Followed Sandy Weill from American Express to Commercial Credit
When Sandy Weill left American Express, Dimon followed him to Commercial Credit (a consumer finance company) as part of a takeover by Weill's group.
Appointed CFO of Commercial Credit
At age 30, appointed chief financial officer of Commercial Credit, credited with helping turn the company around.
Became president of Commercial Credit (approx.)
Promoted to president of Commercial Credit (exact year not explicitly specified; late 1980s).
Political donations: primarily to Democratic Party (1989–2009)
From 1989 through 2009 Dimon primarily donated to Democratic candidates and causes (reported aggregate donations over that period).
Appointed COO of Travelers and Smith Barney
Served as chief operating officer of both the insurer Travelers and the brokerage Smith Barney (1990–1998).
The Browning School Athletic Hall of Fame
Inducted into his high school's Athletic Hall of Fame (1994).
Reported dispute with Sandy Weill
Rumors of a high-level dispute with mentor Sandy Weill (1997) over internal promotions and Dimon's request for equal treatment; context to his departure in 1998.
Named President of Citigroup
Through mergers and Weill's leadership, Dimon rose to be president of the combined Citigroup in 1998.
Departure from the Weill-led conglomerate (context)
Although previously a close protégé of Sandy Weill, Dimon's requested elevation and disagreements culminated in his resignation from Weill's Citigroup in Nov 1998.
Resigned/left Citigroup
Left Citigroup in November 1998 after being asked to resign during an executive retreat; reasons cited included interpersonal conflict and leadership disputes.
Became CEO of Bank One
Appointed chief executive officer of Bank One (March 2000), then the nation's fifth-largest bank; focused on cost-cutting and operational improvements.
JPMorgan Chase growth under Dimon: domestic assets & market cap leadership
Under Dimon's leadership and through strategic acquisitions, JPMorgan Chase grew to lead U.S. banks in domestic assets under management, market capitalization and stock market value (by early 2010s).
Bank One merged into JPMorgan Chase; became President & COO
JPMorgan Chase merged with Bank One (July 2004); Dimon became president and chief operating officer of the combined company.
Named CEO of JPMorgan Chase
On December 31, 2005, Dimon was named chief executive officer of JPMorgan Chase.
Named to Time 100 (2006)
Included in Time magazine's list of the world's 100 most influential people (2006).
Named Chairman and President of JPMorgan Chase
On December 31, 2006, Dimon was named chairman and president of JPMorgan Chase (consolidating leadership roles).
Led JPMorgan Chase acquisition of Bear Stearns (2008)
Oversaw JPMorgan Chase's emergency acquisition of Bear Stearns amid the 2007–08 financial crisis (March 2008), a major expansion of the firm.
Acquired Washington Mutual (2008)
JPMorgan Chase purchased Washington Mutual's banking operations after its collapse (September 2008), materially expanding consumer footprint.
Named to Time 100 (2008)
Included in Time magazine's list of the world's 100 most influential people (2008).
Class A director, Federal Reserve Bank of New York
Served as a Class A board member of the Federal Reserve Bank of New York beginning March 2008.
Named to Time 100 (2009)
Included again in Time magazine's 100 most influential people (2009).
Named one of 'TopGun CEOs' by Brendan Wood
Recognized by Brendan Wood International as one of 'The TopGun CEOs' (2009).
Executives' Club of Chicago: International Executive of the Year
Honored by the Executives' Club of Chicago as International Executive of the Year (2010).
Named to NACD Directorship 100
Honored on the National Association of Corporate Directors 'Directorship 100' list (2011).
Received $23M pay package for fiscal year 2011
Report: Dimon received a $23 million pay package for fiscal year 2011 (largest US bank CEO pay that year).
Named to Time 100 (2011)
Included in Time magazine's 100 most influential people (2011).
Chairman, The Business Council executive committee (2011–2012)
Served as chairman of The Business Council's executive committee (2011 and 2012).
JPMorgan became largest U.S. bank by assets (by 2011)
By 2011, JPMorgan Chase was the largest U.S. bank by assets, reflecting consolidation and acquisitions executed under Dimon's leadership.
Public clash with Mark Carney over Basel III
On Sept 26, 2011, engaged in a high-profile exchange with Bank of Canada governor Mark Carney, calling Basel III provisions discriminatory against U.S. banks.
Intrepid Salute Award
Received the Intrepid Salute Award (2012).
Compensation reduced to $11.5M for 2012
JPMorgan Chase reduced Dimon's pay to $11.5 million in 2012 following trading losses associated with the London Whale.
Investigations into trading losses (Fed, SEC, FBI)
Federal Reserve, SEC and FBI investigated the flawed trading strategy and oversight failures tied to the London Whale episode (2012).
London Whale trading loss disclosed (initial $2B)
JPMorgan Chase initiated an emergency call on May 10, 2012 to report at least $2 billion in trading losses (the 'London Whale'); later investigations broadened scope.
Public reaction: Dimon described $13B settlement as 'unfair'
Dimon publicly said he found the $13 billion settlement 'unfair' and said he had to 'control his rage' given much of the conduct predated JPMorgan's ownership.
JPMorgan Chase $13B settlement with U.S. government
Reached a $13 billion settlement (reported Nov 20, 2013) with the U.S. government over mis-selling of mortgage-backed securities tied to the financial crisis.
Diagnosed with throat cancer and treated
Diagnosed with throat cancer in 2014; underwent eight weeks of radiation and chemotherapy, finishing treatment in September 2014.
Announced $20M pay for 2013
On Jan 24, 2014, it was announced Dimon would receive $20 million for his work in 2013 (including restricted stock), a 74% raise vs prior year.
Reported to have become a billionaire
Bloomberg reported on June 3, 2015 that Dimon had become a billionaire, largely due to his stake in JPMorgan Chase.
Americas Society Gold Medal
Received the Americas Society Gold Medal (2016).
Campaigned against Brexit and JPMorgan donated to Remain
During the 2016 UK EU membership referendum, JPMorgan Chase donated to the Remain campaign and Dimon campaigned alongside George Osborne against Brexit.
Joined Trump's business advisory forum
In December 2016 Dimon joined a business forum assembled by president‑elect Donald Trump to advise on economic issues; the forum dissolved in 2017.
Publicly supported the Tax Cuts and Jobs Act (2017)
During Trump's presidency, Dimon supported the Tax Cuts and Jobs Act of 2017 while criticizing other administration policies on immigration and trade.
Considered — but did not run — for president
Reportedly 'thought about thinking about' a presidential campaign in 2018 and considered a possible run in 2020, but ultimately did not run.
60 Minutes interview on U.S. economy
In a 2019 60 Minutes interview, Dimon praised the U.S. economy as 'the most prosperous the world has ever seen' while noting inequality and trade tensions.
Emergency heart surgery for acute aortic dissection
Underwent emergency heart surgery in March 2020 to repair an acute aortic dissection; interim leadership by Gordon Smith and Daniel Pinto.
Returned to work remotely (COVID-19)
Returned to work in a remote capacity in April 2020 following recovery from surgery and due to the COVID-19 pandemic.
Fiscal year 2022 compensation: $34.5M
Reported compensation for fiscal year 2022 totaled $34.5 million.
Received France's Legion of Honour
Honored with France's Legion of Honour in recognition of JPMorgan Chase's growth in Paris and broader contributions (Nov 30, 2022 reported).
Fiscal year 2023 compensation: $36M
Reported compensation for fiscal year 2023 totaled $36 million.
Urged to run for U.S. president by Bill Ackman
May 2023: billionaire investor Bill Ackman publicly encouraged Jamie Dimon to run for U.S. president; Dimon said he had no immediate plans to run.
Deposed / testified in Epstein-related lawsuits
In 2023 Dimon testified under oath in connection with lawsuits alleging JPMorgan served Jeffrey Epstein despite warnings; bank described claims as meritless.
Fiscal year 2024 compensation: $39M
Reported compensation for fiscal year 2024 totaled $39 million (reported Jan 2025 filings).
Business Roundtable board member (as of 2024)
Served as a board member of the Business Roundtable and previously served as its chairman (as reported in 2024).
Published op-ed: 'The next president must restore our faith in America'
Wrote an opinion column in The Washington Post on August 4, 2024 urging national restoration and refraining from endorsing a major-party candidate in the piece.
Reported private support for Kamala Harris (NYT)
The New York Times reported on Oct 22, 2024 that Dimon was privately supporting Kamala Harris's 2024 campaign, while publicly not endorsing her in prior op-ed.
After Trump's inauguration (2025) supported tariff policies
After Donald Trump's return to the presidency in January 2025, Dimon publicly said he supported Trump's tariff policies despite earlier criticism of tariffs.
Commented that tariffs contribute to market uncertainty
On March 12, 2025, Dimon said tariffs were contributing to uncertainty in financial markets amid a worsening economic outlook.
Forbes estimated net worth at $2.5 billion (May 2025)
As of May 2025, Forbes estimated Jamie Dimon's net worth at approximately $2.5 billion.
Said retirement is 'several years away' (June 2025)
In June 2025 Dimon stated his retirement was still 'several years away' and he may remain at JPMorgan longer.
Key Achievement Ages
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