Charles Payne Net Worth is$10 Million
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Profession: Journalist

Charles Payne net worth: Charles Payne is an American journalist and television personality who has a net worth of $10 million dollars. Charles Payne served in the United States Air Force, and attended Minot State University and Central Texas College. He went on to work as an analyst for E.F. Hutton on Wall Street in the mid-80s. From there, he founded his own firm, Wall Street Strategies. He is the company CEO and primary analyst. In 2007, he began working with the fledgling Fox Business Network. He is a co-host of "Varney & Co.", and regularly appears on a variety of Fox News Channel shows, such as "Cavuto on Business" and "Bulls and Bears". He recently came under intense scrutiny, when it was revealed that he had accepted compensation to promote particular stocks. It is not the first time he has run into problems with this, as his company was fined in 1999 for a similar issue.
Charles Payne is a Fox Business Network contributor and co-host of "Varney & Co." He joined the network at its launch in October 2007. Payne is also a contributor to the Fox News Channel, frequently appearing on shows such as "Cashin' In," "Cavuto on Business," and "Bulls and Bears." In addition to his work with Fox, Payne also hosts his own daily syndicated talk show The Payne Nation, by Sun Broadcast Group.
Payne is also the chief executive officer and principal analyst of Wall Street Strategies, an independent stock market research firm he founded in 1991. Payne began his career on Wall Street as an analyst at E.F. Hutton in 1985. He served in the United States Air Force, attending Minot State University and Central Texas College while in the service. He is married, and has a son sharing his name.
In August 2007, while on Fox News, he said regarding the looming recession and housing crash that the, "worst was over." He went on to suggest buying financial stocks just prior to their mass collapse in price. Then again in December 2007, while on Fox News, he claimed that by the second half of 2008 the, "housing market would be a lot better than it's been in 2007, [as well as] the auto market." He went on to claim that unemployment would dip to 4.7%. He then recommended the purchase of Washington Mutual bank stock prior to its filing of Chapter 11 bankruptcy. He claimed that the Dow Jones Industrial Average would hit 16,000 in 2008 but that the "big winner" would be the NASDAQ.
Payne was paid by several companies to promote their stocks. In 1999, Payne was fined $25,000 by the Securities and Exchange Commission for promoting stocks without disclosing that he had been paid to promote the stocks.

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Charles Payne Latest News

Former CBO Director: Americans Can't Rely on Medicare or Medicaid

the so-called entitlements and those are the programs that are driving us to trillion dollar deficits over the next 8 years or so,” he told FOX Businesses’ Charles Payne. Holtz-Eakin explained why America shouldn’t be proud of pension programs like ...
Posted: March 16, 2017, 3:47 pm

Intel Corporation (INTC) Stock Still Not a Buy, Mobileye NV (MBLY) or Not

In fact, in August 2015 I said on my Fox Business Show, Making Money with Charles Payne, that I felt MBLY stock was worth hanging on to as I suspected it would be acquired one day. I’m glad I was right, because my Smart Portfolio subscribers locked in a ...
Posted: March 17, 2017, 6:48 am

Water rate decision falls on service-safety director

At Monday night’s council meeting, however, no legislation to that effect was in evidence, and during his report, utilities committee Chairman Tom Cunningham said that, in discussion with Law Director Charles Payne and Allen, it was determined the rate ...
Posted: March 20, 2017, 10:31 pm

US Market : The typical Stock is already down 9% from a 52 week time

I think there will be a closing of this diverging performance with either Europe outperforming the U.S. or both going down or the U.S. going down more,” Dr. Marc Faber told the FOX Business Network’s Charles Payne. “The typical stock in America is ...
Posted: March 27, 2017, 8:42 am

The Limits of Schooling, The Power of Poverty

Dr. Charles Payne (University of Chicago) will open the evening with a talk on “The Limits of Schooling, the Power of Poverty.” Three expert commentators will join Dr. Payne as part of a broader conversation on these issues with attendees. Erin Einhorn ...
Posted: March 23, 2017, 9:34 am
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