Susan Lynn “Suze” Orman (born June 5, 1954) is an American author, financial advisor, motivational speaker, and television host. Orman was born in Chicago and received her B.A. in social work. She worked as a financial advisor for Merrill Lynch. In 1983 she became the vice-president of investments at Prudential Bache Securities and in 1987 founded the Suze Orman Financial Group. Her program The Suze Orman Show began airing on CNBC in 2002. In 2006 she won a Gracie Award for Outstanding Program Host on the The Suze Orman Show on CNBC. She has written several books on the topic of personal finance.
Early life and education
Orman was born on the South Side of Chicago, Illinois, in 1954. She grew up in a Jewish family.[clarification needed] Her mother worked as a secretary for a local rabbi, while her Russian immigrant father worked in a chicken factory and managed a delicatessen in Hyde Park.
She attended the University of Illinois at Urbana-Champaign and received a B.A. in social work in 1976. In 2009, Orman received an honorary doctorate of humane letters from the University of Illinois at Urbana-Champaign.
After finishing school, Orman moved to Berkeley, California, and worked as a waitress. In 1980, she borrowed $52,000 from friends and well wishers to open a restaurant. Later, Orman trained as an account executive for Merrill Lynch. She simultaneously and successfully sued Merrill Lynch for a prior investment loss of $50,000. After completing her training with Merrill Lynch, she remained at the firm until 1983 when she left to become vice-president of investments at Prudential Bache Securities.
In 1987, Orman resigned from Prudential and founded the Suze Orman Financial Group, in Emeryville, California. She was director of the firm until 1997. Orman published three books between 1997 and 1999: The 9 Steps to Financial Freedom (1997), You Earned it Don’t Lose it (1999), and The Courage to be Rich (1999). Other books by Orman include: The Road to Wealth (2001) and The Laws of Money, The Lessons of Life (2003). The Suze Orman Show began airing on CNBC in 2002.In February 2008, Orman gave away copies of her book Women and Money for free following an appearance on The Oprah Winfrey Show, generating almost two million downloads. Orman has been featured on the Food Network’s Paula’s Party. In January 2011, Orman appeared on the TV show, “Oprah’s Allstars”. In January 2012, Orman’s six-episode TV series America’s Money Class with Suze Orman premiered on OWN: Oprah Winfrey Network.
Orman writes a financial advice column for O. She is the former author of Yahoo!’s “Money Matters” and has written for the Costco Connection magazine. She is also a contributor to The Philadelphia Inquirer, Lowes MoneyWorks, and Your Business at Home Magazine. Orman has written, co-produced, and hosted seven PBS specials based on her books.
- You’ve Earned It, Don’t Lose It: Mistakes You Can’t Afford to Make When You Retire (with Linda Mead) (1995)
- The Nine Steps To Financial Freedom (1997)
- The Courage to Be Rich (1999)
- 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)
- Suze Orman’s 2009 Action Plan (2009)
- Suze Orman’s 2010 Action Plan (March 2010)
- The Money Class: Learn to Create Your New American Dream (March 2011)