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Fortune
Fortune
Eleanor Pringle

When Jamie Dimon was fired from Citigroup, his daughters asked: 'Will we be homeless? Can I still go to college? Can I have your phone?'

Jamie Dimon, chief executive officer of JPMorgan Chase (Credit: Al Drago/Bloomberg - Getty Images)
  • Jamie Dimon recounted the day he told his family he’d been fired from Citigroup on a recent podcast—saying the incident didn’t knock his self-confidence and presented a turning point in his career. The Wall Street titan later bet half his net worth on Bank One, buying $60 million in stock to show he was “100% in,” a move that helped launch his path to JPMorgan’s top job.

It was a Sunday afternoon and Jamie Dimon was hosting a hundred potential candidates in his New York City flat when he was called into a meeting with Citigroup’s Sandy Weill and John Reed.

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