Jérôme Kerviel is a rogue trader with a minus figure net worth. Jerome Kerviel net worth is minus $7 billion as of 2023
Who is Jerome kerviel?
But today, we will know about a person, Jerome Kerviel, the poorest person in the world. Do you want to know about what he left actually in his account? Well, Jerome Kerviel net worth is minus $7 billion as of 2023
If you think the poorest person may live in Africa or Asia, you are wrong. In the world, even the person we consider as poor has a minimum amount of net worth.
Now, we are going deep into Jerome Kerviel net worth and full biography in the next part of the article. Keep reading until the end to find out more.
Highlights of Jerome kerviel
|Professional Name||Jerome Kervil|
|Real Name||Jérôme Kerviel|
|Date of Birth||January 11, 1977|
|Age||46 years (2023)|
|Birth Place||Pont-l’Abbé, Brittany, France|
|Net Worth||-$7 Billion (2023)|
Jerome was born on February January 11, 1977, in Pont-l’Abbé, Finistère, France. His father was a blacksmith, and his mother was a retired hairdresser.
Kerviel graduated with a Master of Finance specializing in organization and control of financial markets in 2000 from Lumière University Lyon 2. Later, he achieved another bachelor’s in Finance from the University of Nantes.
Jerome Kerviel was married until 2008. He and his wife divorced in 2008.
No further information has been found about her ex-wife and present relationship.
As a specialization in Finance & banking, Jerome started his career in the same sector. In 2000, Jérôme joined the Société Générale (SocGen) bank in the compliance department.
He was promoted in Delta One Vision as a junior trader, where his work includes software investment, exchanges, ETFs, algorithmic trading, and equity derivatives.
Downfall; How Jerome Became the Poorest?
As a trader, Jerome tried to identify which strategy would make more money compared to others. Soon, he started to trade a single high-risk business strategy without considering the other side of the coin.
He started to follow his new strategy at the end of 2007. He uses a giant sum of money to engage in arbitrage trading. He made some trade losses to cover up his winnings. But, soon, his loss is higher than his profit.
In 2008, SocGen bank identified his unlawful activities, but it was too late. Jerome had created a stock index accumulation of around $73 billion which caused a 7.2 billion loss.
Result: What Happened Next?
SocGen Bank filed a lawsuit against Kerviel on January 24, 2008. Kerviel was formally charged with abuse of confidence and illegal access to computers on January 28, 2008.
On October 5, he was found guilty, and the court sentenced Jerome to 5 years in prison with 2 years suspended and a permanent ban in the financial sector.
Jerome was arrested in 2015 and spent three years in prison before being freed. The court finally ordered to pay a $1 million remedy to SocGen bank instead of $7.2 billion.
Net Worth Timeline
Jerome kerviel Net worth in 2023:
|Net Worth||-$7.1 Billion|
|Yearly Income||$0.5 Million|
Net Worth in Recent Years
|Jerome kerviel Net Worth 2022||-$7.1 Billion|
|Jerome kerviel Net Worth 2021||-$7.1 Billion|
|Jerome kerviel Net Worth 2020||-$7.1 Billion|
|Jerome kerviel Net Worth 2019||-$7.1 Billion|
Jerome had an apartment in the western suburb of Neuilly-sur-Seine before.
But at present, no verified information has been found about his assets.
Jerome on Social
- Jerome Kerviel is the world’s poorest person
- Jerome now owed $7.1 billion to SocGen Bank.
- Kerviel was locked in prison from 2015-18.
- Jerome Kerviel used an arbitrage trading method.
- J. Kerviel now works as an IT consultant at Lemaire Consultants.
- The court permanently bans him from the financial sector.
Jerome exemplifies how greed can create ultimate destruction in a person’s life.
His fraudulent activity causes a minus-figure net worth of $7.1 billion, and he surely can’t pay it in his lifetime.
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