Suze Orman is a well known Russian-Jewish parent born financial expert of America, born on June 5, 1951, in Chicago. She is an entrepreneur, author and a famous media personality who has hosted the famous ‘Suze Orman Show’ on CNBC Television Channel.
Suze has won 6 Gracie Awards and 2 Emmy Awards for her PBS and media popularity. She is the most successful fundraiser in history of television and the author of 7 consecutive New York Best Sellers. In 2009, she was ranked 18th in the Media’s Most Influential Women and in the same year, University of Illinois presented her the Doctors Degree of Humane Letter.
She was honored by the Time Magazine in 2008 and 2009 for the Time 100, the world’s most influential people. She was also honored for Vito Russo Media Award by GLAAD (Gay Lesbian Alliance against Defamation). She was awarded thrice in 2008 by Amelia Earhart Award, for her messages in finance. In 2010, Suze obtained honorary degree from Bentley University.
Early Life of Suze Orman:
Being a speech impediment since her childhood, which made her speaking and learning difficult; she attended the University of Illinois. After finishing her college in 1973, Suze took $1000 from her brother to get started with her life. She moved with her friends in California and stayed at Hearst Avenue for 3 months and soon became a waitress at the college avenue’s Buttercup Bakery.
She wanted to open her own restaurant in 1980 and was funded $2000 by Fred Hasbrook, one of the longtime customers of the restaurant. She managed to collect $50,000 as a loan for 10 years without interest from other investors. She invested that money in Merrill Lynch financial firm, which lost all her money in bad stocks. As her waiter’s job could not offer her enough income to return her debts hence, she convinced Merrill Lynch to hire her. She learned everything about finance and investment as an employee of Merrill Lynch, and later she sued Merrill Lynch for losing all her money. She won good amount as a settlement to pay back her loan amount. Suze continued the post as a stock broker in Merrill Lynch since they were unable to fire her because of the lawsuit.
In 1983, Suze resigned from Merrill Lynch and became the Vice President at the Prudential Bache Securities. She resigned from Prudential Bache Securities and started her own financial group. She stayed as a Director for 10 years and then began writing financial books and started public speaking on investment.