The chase for wealth is an endless struggle that involves both rich and poor people alike. Several publications that conserve a close eye on net worth sideline the poverty-stricken.
It is hilarious to think of one who qualifies as the poorest when there are many out there. So, who is the poorest person in the world?
In this article today, we are going to talk all about him, what’s his net worth as of 2022.
How he is considered the poorest person in the world, and much more, stay tuned till the end.
|Jerome Kerviel Profile Summary|
|Birth Place||Pont-l’Abbé, Brittany, France|
|Age||45 Years Old|
|Net Worth||$6.7 billion|
|University||Lumière University, University of Nantes|
|Education||Master in Finance|
Who is Jerome Kerviel?
Jerome Kerviel is known as the poorest person in the world right now.
The tale of a wealthy man turned poor is now the talk of the town, with many holding that he is shortly the poorest man on earth.
Also, Jerome Kerviel is a French trader, adviser, and former employee at one of the largest banks in Europe, Société Générale. He is instantly the poorest person on Earth.
What occurred to Jerome Kerviel is highly startling and daunting at the same time.
Many people cannot stop comprehending how a billionaire could have lost their wealth overnight.
Most people conserve he is now suffering the pain he brought to himself.
However, Jerome Kerviel may not have completely thought that a single high-risk business practice would see his wealth shaking down the hill.
Moreover, His craving for amassing a vast security position would later leave him counting on serious losses and becoming the poorest person ever.
Early Life of Jerome Kerviel
Jerome Kerviel has declined out of the race as far as the pursuit of wealth is interested.
As he has become a worst-case scenario of a rich man rolled poorly, Jerome Kerviel was assumed on 11, 1977 in Pont-l’Abbé, Brittany, France.
He was born to Marie-Josée (a retired hairdresser) and Charles (a blacksmith).
So, He later succeeded from Lumière University Lyon 2 in 2000 with a Master of Finance working in organization and control of financial markets.
He was lifted alongside an older brother appointed Olivier,
Moreover, Jerome Kerviel succeeded from the University of Nantes with a bachelor’s degree in finance with concerns about his educational background.
Then, Kerviel graduated in 2000 from Lumière University Lyon 2 with a Master of Finance specializing in association and control of financial markets.
The university’s economic program was instigated in the 1990s with the support of France’s larger banks.
However, It was aimed at preparing students for middle and back office positions in the trading departments of economic institutions.
Before that, he earned a bachelor’s degree in finance from the University of Nantes.
Jerome Kerviel Career
During an interview, one of Kerviel’s retired lecturers at Lyon, Gisèle Reynaud.
Asserted that Kerviel “was a student just like the others, a young man, and he didn’t differentiate himself from the others.”
Later on, In 2001, at the recommendation of Thierry Mavic, the mayor of Pont ‘Abbé, Kerviel lived for a seat.
On the local committee with the Union for a Popular Movement but was not appointed.
There have been many lawsuits over the years of rogue traders losing huge quantities of money. Sometimes these rogue traders are organizations, other times they’re just individuals.
Thus, who thinks they have the Midas touch? One such person is the infamous French trader, Jerome Kerviel.
Afterward, Born and lifted into a working-class family, he studied finance and overdue got a Master’s degree in back office finance.
Kerviel was a mediocre student and after completing his Master’s program, he commenced working at Société Générale.
The bank is the French equivalent of JP Morgan, furnishing all sorts of retail and investment banking assistance.
When Jerome Kerviel enlisted SocGen in 2000, he was assigned to a middle office job doing compliance work.
He was in charge of ascertaining trades and making sure the activities of the front office traders were in accord with company rules.
Over several years, he made a name for himself in the finance bureau and was eventually offered a position in a front office job in the safeties trading business.
He was put on the Delta one desk as a junior trader, where he marketed equities and ETFs.
His new role was well paid but he had ambitions to prosper within the company.
Jerome Kerviel Personal Life
If you are expecting to know about his Wife, Girlfriend, or any dating history belonging to him. However, Sorry about this, Unfortunately, he didn’t share anything about his private life on the internet.
Consequently, we will revise this article shortly, once we will get the regarded information regarding his private life.
Jerome Kerviel Scandal
He evolved the center of attention on 24 January 2008 when the Société Générale (SocGen) documented a lawsuit for corruption, breach of trust, and forgery against him.
similarly, He entered the middle office of the bank Société Générale (SocGen) in the year 2000 where he started working in its compliance department.
However, he was later facilitated to the bank’s Delta One products team in Paris in 2005.
Where he worked as a junior-level derivatives trader earning $66,000 per year.
According to reports, Jerome Kerviel started creating fictitious trades in late 2006 and early 2007 whiles exceeding profitably in anticipation of falling market prices.
To mask his footsteps, Jerome Kerviel commenced creating losing trades intentionally to offset his early gain.
However, by January 9, 2008, Jerome Kerviel had earned a stock index futures position of US$73 billion.
Which came out costing Societe Generale (SocGen) US$7.2 billion. Also, His employers later excavated unauthorized trading correlated to him on 19 January 2008.
Jerome Kerviel was taken into police detention on 26 January 2008 and was formally charged on 28 January 2008 with abuse of confidence and illicit access to computers.
Even though the charges filed against him carry an ultimate three-year prison term.
Moreover, he served less than five months of detention and was published from Fleury Merogis prison on 8 September 2014.
Later on, he is presently working as an IT consultant at Lemaire’s consultancy corporation.
Jerome Kerviel Net Worth
Jerome Kerviel has a net worth of -$6.7 billion giving rise to him the poorest person in the world. Kerviel would have become one of the 50 richest people in America.
However, if the debts he owed to the French bank Societe Generale for deceitful trades were assets.
Moreover, Jerome Kerviel: French Rogue Trader who Lost $7.2 Billion. However, 1.14 MILLION is the estimated net worth he shares as of 2022, that is a big loss in his pocket.
Also Read: Who is the Smallest Person in the World?
Well, Above all, Jerome Kerviel is best remembered as the poorest person in the world because for some tragedies happened with him , and here we share his brief but amazing biography.
Hope you enjoyed it all and admire this work of article presented here.
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