Susan Lynn "Suze" Orman ( SOO-zee; born June 5, 1951 in Chicago) is an American author, financial advisor, motivational speaker, and television host. She earned a degree in social work then worked as a financial advisor for Merrill Lynch. In 1983, she became a vice president of retail customer investments at Prudential Bache Securities. In 1987, she founded the Suze Orman Financial Group. In 2002, her program The Suze Orman Show began airing on CNBC. In 2006, she won a Gracie Award for Outstanding Program Host on The Suze Orman Show. She has written several books on the topic of personal finance.
Video Suze Orman
Early life and education
Orman was born on the South Side of Chicago on June 5, 1951, to Jewish parents of Russian and Romanian origin. Her mother worked as a secretary for a local rabbi, while her immigrant father from Kiev worked in a chicken factory and managed his Morry's delicatessen in Hyde Park.
She attended 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.
Maps Suze Orman
Career
After finishing school, Orman moved to Berkeley, California, where she worked as a waitress. In 1980, she borrowed $52,000 from friends and wellwishers to open a restaurant.
Still an investment novice, she invested that money through a representative at Merrill Lynch, who promptly lost her entire investment in trading options. Later, 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 option 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. While still employed at the firm, she successfully sued Merrill Lynch for a prior investment loss of $50,000. 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, which is a step above entry-level account executive.
In 1987, Orman resigned from Prudential and founded the Suze Orman Financial Group, in Emeryville, California. While there, 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 director of the firm until 1997.
Orman published three books between 1997-99: The 9 Steps to Financial Freedom (1997), You Earned it Don't Lose it (1999), and The Courage to be Rich (1999). Other books by Orman include: The Road to Wealth (2001) and The Laws of Money, The Lessons of Life (2003).
The Suze Orman Show began airing on CNBC in 2002. 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 writes a financial advice column for O, The Oprah Magazine. She is the former author of Yahoo!'s "Money Matters" and has written for the Costco Connection Magazine. She contributes 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 "Approved" prepaid debit card
In 2012, Orman introduced a prepaid debit card, backed by Bancorp Bank, aimed at budget-challenged consumers. In personal appearances, she claimed the card would contribute to improving the cardholder's FICO score, even though only one credit agency - TransUnion - had reviewed the proposal and had agreed only to "examine data from [the] cards". The website for the debit card claimed, "I am proud to say that the Approved card is the first prepaid card in history to share information with TransUnion, a major credit bureau." Two years later, the program was quietly ended.
Personal life
In February 2007, Orman stated that she is a lesbian.
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.
In an April 2008 online interview with The Young Turks, Orman said that her net worth was more than US $10 million.
Orman has been married to Kathy Travis since 2010.
Bibliography
Books
- You've Earned It, Don't Lose It: Mistakes You Can't Afford to Make When You Retire (with Linda Mead) (1995)
- The Nine Steps To Financial Freedom (1997)
- The Courage to Be Rich (1999)
- The Road to Wealth (2001)
- The Laws of Money, the Lessons of Life... (2003)
- The Money Book for the Young, Fabulous and Broke (2005)
- Women and Money: Owning the Power to Control Your Destiny (2007)
- Suze Orman's 2009 Action Plan (2009)
- Suze Orman's 2010 Action Plan (March 2010)
- The Money Class: Learn to Create Your New American Dream (March 2011)
Multimedia
Orman is also creator of a number of non-book products, primarily CD-ROM-based services that offer education and various financial services usually in conjunction with her books and writings.
- Suze Ormans FICO Kit - First offered in 2002 in conjunction with Fair Isaac Corporation.
- Suze Orman's Will & Trust Kit - Introduced in 2005 with her personal trust attorney.
- Suze Orman's Insurance Kit - Introduced in 2007.
- Suze Orman's Protection Portfolio - First introduced in 2002, in third version.
- Suze Orman's Identity Theft Kit - First offered in 2008, in conjunction with TrustedID.
- Suze Orman's Save Yourself Retirement Program - Introduced September 2009, in conjunction with TD Ameritrade.
References
External links
- Suze Orman Official Site Suze Orman Financial Group Web site
- Suze Orman on IMDb
- Suze Orman interview video at the Archive of American Television
- Suze Orman Show, CNBC Suze Orman Show
Source of article : Wikipedia
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