Charles Payne is an American television personality and financial analyst, who currently works for Fox Business Network. He has been working with this network since 2001, when he started as a host of the show Closing Bell. Since then, he has hosted many other shows on the same channel and has become a well-known face in their programming lineup.
Charles Payne Salary At Fox: Charles Payne makes a good salary from his work at Fox business network. His current net worth is estimated at $3 million and his annual salary is $2 million per year.
Payne currently hosts Making Money With Charles Payne which airs on Saturdays at 10 pm ET on Fox Business Network. He also serves as an anchor for FBN’s Varney & Co., which airs weekdays at 9 am ET, as well as Risk & Reward With Deidre Bolton which airs weeknights at 7 pm ET.
Charles Payne Salary At Fox
Charles V. Payne (born 15 November 1962) is an American Fox Business Network financial journalist[1] and host of Fox’s Making Money with Charles Payne.
Contents
1 Early life and education
2 Career
2.1 Finance industry
2.2 Fox Business
2.2.1 Rape accusation
3 Personal life
4 See also
5 References
6 External links
Early life and education
At 17 years old, he enlisted in the United States Air Force and went on to serve as a security policeman stationed at Minot Air Force Base in Minot, North Dakota.[2][3] Payne attended Minot State University and Central Texas College while in the service.
Career
Finance industry
Payne began his career on Wall Street as an analyst at E. F. Hutton in 1985.[4] Payne is the chief executive officer and principal financial analyst of Wall Street Strategies,[5] a stock market research firm he founded in 1991.[6]
In 1999, Payne settled with the SEC over a complaint alleging that on at least eight occasions, Wall Street Strategies recommended that its clients purchase members stock through recorded messages on its telephonic stock recommendation service. The complaint also alleged that Payne failed to disclose that he received payments from members to promote members stock. Without admitting or denying the alleged violations, Payne consented to the entry of a permanent injunction against violations of Section 17(b) of the Securities Act of 1933. In addition, Payne agreed to pay a civil penalty of $25,000.[7]
In 2007, Payne released his first book titled Be Smart, Act Fast, Get Rich: Your Game Plan for Getting It Right in the Stock Market.[8] He has made several appearances on C-SPAN.
Fox Business
In 2007, Payne joined Fox Business as a contributor.[9] In 2014, he became the host of Making Money with Charles Payne.[9]
In June 2019, Payne stated: “When President Obama was elected, the market crashed … Trump was up 9%, President Obama was down 14.8% and President Bush was down almost 4%. There is an instant reaction on Wall Street.”[10] Bill MCCarthy of PolitiFact described the claim as “mostly false”. While markets can have short-term reactions to various news, McCarthy also wrote “Experts we spoke to were mixed on whether the stock market reacts to presidential election results.”
Rape accusation
In July 2017, Payne was suspended by Fox Business pending an investigation after a former network guest, Scottie Nell Hughes, accused him of rape.[11] Payne denied the charge, but acknowledged having had a three-year-long “romantic relationship” with Hughes before the accusation was made. Hughes, who kept an apartment near Fox’s Manhattan headquarters for the duration of the affair, claimed she believed it would help her obtain a permanent position at the network.[12] Her appearances were drastically reduced after she ended the affair in 2015 and reported Payne to Fox.[13] On 8 September 2017, Payne’s suspension was lifted.[14]
