Charles Payne has had an interesting life and career. At just 17 years old, he joined the United States Air Force and took a security policeman position at Minot Air Force Base in North Dakota. While serving in the military, Payne managed to find enough time to attend classes at Minot State University. He later attended Central Texas College, also while in the Air Force.
He started his investment career working as an analyst at E.F. Hutton. Within six years, though, he decided to strike out on his own by founding the market research firm Wall Street Strategies.
Currently, Charles Payne lives in Teaneck, New Jersey with his wife, Yvonne Payne. The couple has two children. Teaneck, NJ also has several other noteworthy residents, including:
- Marc Jacobs, the designer and artistic director of Louis Vuitton.
- Master Gee, co-founder of the Sugarhill Gang hip hop group.
- Kasib Powell, NBA player for the Miami Heat.
- Robby Anderson, NFL player for the New York Jets.
- Bill Zanker, creator of the Learning Annex.
- Steven Goldstein, an LGBT activist who founded Garden State Equality.
How Did Charles Payne Make His Money?
Charles Payne certainly made a high salary at E.F. Hutton. It’s reasonable to expect that he also earns quite a bit as the CEO and principal financial analyst of Wall Street Strategies.
He didn’t start making serious money, though, until he released his 2007 book Be Smart, Act Fast, Get Rich: Your Game Plan for Getting It Right in the Stock Market. The book attracted significant interest from financial journalists. After publishing the book, he made frequent appearances on C-SPAN.
Charles also attracted the attention of executives at Fox Business Channel, who hired him later in 2007 as a contributor.
By 2015, he was hosting his own show, Making Money with Charles Payne.
As a Fox employee, Payne also appears on other business-oriented shows, including Kudlow, Cavuto on Business, Fox Files, and Fox News Live.
What Stocks Does Charles Payne Recommend?
Payne likes to focus on undervalued stocks that show long-term opportunities for growth. While somewhat risky, this approach enables him and other investors to buy shares at low prices. Then, they can sit back and watch values grow over years and decades.
As recently as May 2021, he named three stocks that he absolutely loves during an appearance on Kudlow. They include:
- Steel Dynamics (STLD), which gained more than $10 per share between early May and mid-August.
- Bloomin’ Brands (BLMN), a large restaurant company that owns Bonefish Grill, Outback Steakhouse, Carrabba’s Italian Grill, and other popular brands. (The stock price for Bloomin’ Brands has remained relatively unchanged between May and August, but Payne sees an opportunity for future growth after consumers rush into casual dining following nearly two years of coronavirus concerns.)
- XPO Logistics (XPO): Payne sees trucking as an essential service that will continue to grow with the rest of the economy. As long as the economy grows, companies will need logistics services to move goods efficiently.
Can You Invest With Charles Payne?
Anyone interested in learning more about his investment picks and insights can tune into his show. He frequently provides overviews of the stock market and the overall economy.
He also focuses on specific companies that he believes deserve attention. Many of these companies are currently undervalued, in his opinion.
It does not appear that Payne actually manages a fund or acts as a registered investment advisor at this time. Instead he focuses on delivering financial advice through his firm, Wall Street Strategies, as well as his own TV show.
What Small Business Does Charles Payne Own?
Charles Payne owns Wall Street Strategies, where he serves as the CEO and principal financial analyst. The business offers a variety of services intended to help investors earn money from stocks and other assets.
Members of Wall Street Strategies gain access to daily commentary, charts, position trackers, dividend reports, and educational materials.
Despite Payne’s philosophy of long-term growth, his company supports the use of swing strategies that often rely on short-term changes in the market.
Where Does Charles Payne Work?
Charles Payne currently works for two companies. He’s the CEO and principal financial analyst of his business Wall Street Strategies and a host for his Fox Business Channel program Making Money With Charles Payne.
Charles Payne also appears on several other programs, including nationally syndicated radio shows. Currently, his career focuses on choosing personal investments for his company and helping members of his audience make smart decisions with their investment funds.
What Is Charles Payne Worth?
Charles has several sources of income, including his work as a journalist for Fox Business Channel and as an analyst for Wall Street Strategies.
A large amount of his net worth likely comes from stock ownership. Overall, most people following Payne’s career believe he’s worth about $15 million. It’s estimated that Payne has received $1 million to $5 million annual salary from Fox Business Channel throughout his career.
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