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Suze Orman

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Suze Orman /ˈsu.zi ˈɔɹ.mən/ (born Susan Orman on June 5, 1951) is an American financial advisor, writer and television personality.

Personal history

Orman was born on the south side of Chicago, Illinois in 1951 to Russian Jewish immigrants. Her father ran a take-out chicken shack, where Orman worked part-time. As a child, she and her brothers worked odd jobs to bring in extra money. Orman was an undergraduate at the University of Illinois at Urbana-Champaign and holds a B.A. in social work from UIUC. In 1973, she and some friends moved to Berkeley, California, where she became a waitress at a local bakery until 1980. From 1980-1983, she was trained by and worked as an Account Executive at Merrill Lynch, and from 1983-87 she was Vice President of Investments for Prudential Bache Securities. In 1987, Orman founded her own business, the Suze Orman Financial Group, which she directed from 1987-1997.

Suze came out as a lesbian in the The New York Times magazine in February 2007. She currently lives with her life partner of seven years, Kathy Travis. She revealed in the same interview that she has never been with a man, and would like to marry her partner for emotional and financial reasons (i.e. her estate, valued at near $25 million, would be subject to 45% estate taxes when it passes to her partner on her death).

Publications and miscellaneous

Her books include:

  • The 9 Steps to Financial Freedom (1997)
  • You've Earned It, Don't Lose It : Mistakes You Can't Afford to Make When You Retire (with Linda Mead) (1997)
  • The Courage to Be Rich (1998)
  • 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)

Other publications: Orman also has a Q&A advice section in Oprah Winfrey's popular monthly magazine O, alongside Dr. Phil's advice section. She also writes a biweekly column (as of Jan 2007) on Yahoo!'s Finance page.

Telecasts: She also hosts a weekend financial planning show for the CNBC cable television network called The Suze Orman Show. . Orman hosts another TV program on QVC called Suze Orman's Financial Freedom.

She has won two Daytime Emmy Awards in 2004 and 2006 for her PBS pledge drive specials, The Laws of Money, The Lessons of Life and The Money Show for the Young, Fabulous, & Broke. Her catch phrases are "Self-worth equals net worth," "People first, then money, then things," and "Truth creates money. Lies destroy it."

Criticism

It has been reported in Forbes magazine that she has misrepresented her credentials and background. For example, at the time of writing in 1998, she claimed a current Commodity Trading Advisor license which had lapsed, and some of her materials claimed eighteen years' experience working with Wall Street institutions when she in reality had seven.

The San Francisco Chronicle also ran a follow-up to the Forbes piece in which Orman and her publicist dodged critical questions about inaccuracies about Orman's background as reported in Forbes.

Forbes was also critical of the quality of advice given. "Buy her book for $23 ... and you get such tips as : 'Use self-service gas pumps rather than full-serve.' Or, 'Use coins, not your calling card, in pay phones.' On a recent Oprah, Orman advised viewers to search through their closets for misplaced money."

Trivia

In a July 1, 2006, broadcast of The Suze Orman Show, Orman revealed she and another friend once shared a one bedroom apartment with the girlfriend of John Belushi in 1974. She lived there for a total of four years, during which Belushi also moved into the apartment.


'NYT' SUNDAY PREVIEW: Suze Orman Reveals She is the '55-year-old Virgin'

By E&P Staff

Published: February 23, 2007 2:20 PM ET

NEW YORK In an interview for The New York Times Magazine this coming Sunday, financial guru and TV host Suze Orman gets on Deborah Solomon's case for not looking out for her own money, partly because "you are a woman." This inspires Solomon to ask Orman if she is married.

Orman says she "has a relationship with life," so Solomon presses her, and Suze then reveals that her "life partner" is Kathy Travis and, "We're going on seven years. I have never been with a man in my whole life. I'm still a 55-year-old virgin."

Orman says they'd like to get married, and both "have millions of dollars in our name. It's killing me that upon my death, K.T. is going to lose 50 percent of everything I have to estate taxes. Or vice versa."

Pressed again, she says that estimates that she is worth $25 million are "pretty close."

She says she has about a million dollars in the stock exchange, because if she loses it all "I don't personally care."

References

External links

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