JPMorgan Chase posted record earnings on Tuesday. Here's how CEO Jamie Dimon, who has a net worth of $1.7 billion, became one of the richest men in banking.
A jump in JPMorgan Chase's stock price on Tuesday added millions to the fortune of its CEO, Jamie Dimon.
One of the richest men in banking just got even richer.
JPMorgan Chase CEO Jamie Dimon saw his net worth skyrocket on Tuesday after the bank reported record earnings, Forbes' Billionaires List shows. The bank announced fourth-quarter earnings of $2.57, blowing past the $2.36 figure expected by Wall Street analysts, Markets Insider reported.
Dimon became one of the few billionaires in banking in 2015, Bloomberg reported at the time.
Representatives of JPMorgan Chase did not respond to Business Insider's request for comment on Dimon's net worth or earnings.
Keep reading to learn how Dimon built his $1.7 billion fortune.
Dimon, 63, is a native New Yorker.
Dimon is credited with helping to invent the megabank.
Dimon was fired from Citigroup in 1998, but he made $110 million selling the Citi shares he owned.
Dimon was paid $115 million in salary alone between 1991 and 2015, according to Bloomberg.
Dimon is significantly richer than his peers in the banking industry.
Chase's CEO spent some of his riches on an apartment on New York's Upper East Side.
Dimon also owns a "weekend house" in Bedford, New York.
Dimon shares his wealth with his wife, Judith Kent Dimon.