1. Susan Lynn “Suze” Orman (born June 5, 1951) is an American author, financial advisor, motivational speaker, and television host. Orman was born in Chicago and pursued a degree in social work.
2. In 1983 she became the vice-president of investments at Prudential Bache Securities.
3. 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.
4. Orman was born on the South Side of Chicago in 1951 in a Jewish family.
5. She attended the University of Illinois at Urbana-Champaign and received a B.A. in social work in 1976.
6. After finishing school, Orman moved to Berkeley, California, and worked as a waitress.
7. In 1980, she borrowed $52,000 from friends and well wishers to open a restaurant.
8. Still an investment novice, she invested that money through a representative at Merrill Lynch, who promptly lost the entire investment trading options.
9. Later, Orman trained as an account executive for Merrill Lynch, where she learned that the type of investment her broker put her in was not suitable for her needs, as option trading is considered a high risk, but high reward investment suitable only for high net worth individuals.
10. It was explained to her since he was the highest producing representative in the office, his actions went unchecked.
11. She simultaneously and successfully sued Merrill Lynch (while still employed at the firm, as it is illegal to fire an employee solely for filing a lawsuit against them) 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.
12. In 1987, Orman resigned from Prudential and founded the Suze Orman Financial Group, in Emeryville, California.
13. Orman published three books between 1997-99: The 9 Steps to Financial Freedom (1997), You Earned it Don’t Lose it (1999), and The Courage to be Rich (1999).
14. Other books by Orman include: The Road to Wealth (2001) and The Laws of Money, The Lessons of Life (2003).
15. The Suze Orman Show began airing on CNBC in 2002. In January 2011, Orman appeared on Oprah’s Allstars.
16. In January 2012, Orman’s six-episode TV series America’s Money Class with Suze Orman premiered on OWN: Oprah Winfrey Network.
17. 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.
18. While she has proven herself a wealth of information about credit and very general financial issues, Orman’s understanding of comprehensive financial planning has been questioned by some people in the industry.