What is Charles Payne’s Net Worth and Salary?
Charles Payne, a financial journalist for Fox Business Network, is worth $12 million. He hosts the program “Making Money with Charles Payne” and previously worked as an analyst at EF Hutton on Wall Street. Payne also founded the stock market research firm Wall Street Strategies.
Currently, Payne’s annual salary at Fox Business is $4 million.
Charles Payne Early Life and Career
Charles Payne was born on November 15, 1960 in New York City. At 17, he joined the United States Air Force and became a security policeman at Minot Air Force Base in North Dakota. During his service, he attended Minot State University and Central Texas College.
Wall Street Career
Charles Payne started his Wall Street career in 1985 as an analyst at EF Hutton. Later, in 1991, he founded Wall Street Strategies, a stock market research firm, where he served as the principal financial analyst and CEO.
SEC Complaint Against Charles Payne’s Firm
Charles Payne’s firm, Wall Street Strategies, was accused by the SEC in 1999 of using multiple recorded telephone messages to recommend that its clients buy certain stocks without disclosing that Payne received payments to promote those stocks. Payne agreed to a permanent injunction against violations of securities law and paid a $25,000 civil penalty.
Charles Payne’s Career at Fox Business Network
In 2007, Charles Payne became a contributor to the Fox Business Network. Seven years later, he began hosting his own show, “Making Money with Charles Payne.” On the program, Payne has been criticized for making numerous false or misleading claims, including his statement that the market crashed due to Obama being elected president in 2008. Financial experts have dismissed this as an erroneous correlation.
Payne is also a regular guest host on the news and talk show “Varney & Co.” Additionally, he has appeared on the shows “Cavuto on Business,” “Bulls and Bears,” and “Cashin’In.”
Charles Payne Suspension Lifted by Fox Business Network
Charles Payne, a Fox Business Network host, was suspended in July of 2017 after former network guest Scottie Nell Hughes accused him of rape. Payne denied the allegation but admitted to having an affair with Hughes for three years. Hughes claimed that Fox banned her after she made the allegation. After a two-month investigation, Fox Business lifted Payne’s suspension in September of 2017.
Media Career and Book
Charles Payne, in addition to his appearances on Wall Street and Fox Business, wrote the book “Be Smart, Act Fast, Get Rich: Your Game Plan for Getting it Right in the Stock Market,” which was published in 2007. He has also made numerous appearances on C-SPAN.
Family Life
Charles Payne and his wife Yvonne have two children, Cael and Austin (stepson). The family currently resides in Teaneck, New Jersey.
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