Jerome Kerviel net worth is estimated to be $6.7 billion. This is the amount he owes to a French bank due to his illegal trading operations, in which he sold assets. Had Kerviel not resorted to using substandard tactics, he would have been one of the top wealthiest people.
Jerome was charged with a crime that has a maximum term of three years in prison, however, he was only imprisoned for less than five months before being released on court orders on September 8, 2014. Jerome Kerviel’s net worth fell by 89% in 2022 compared to the previous year.
The title of Poorest Person in the World is held by a guy by the name of Jerome Kerviel. He is the poorest person in the world despite the 689 million people who live in severe poverty and make less than a dollar a day.
Jerome Kerviel was discovered to have been involved in $73 billion in illicit trades, forging documents, and other unlawful acts. As a result, he now owes the company $6.3 billion, and experts think he is enduring the anguish he has caused himself. Hence, he is referred to as the most indebted guy in the world.
This article will include information about Jerome Kerviel net worth, estimated net worth in 2023, salary, home, car, endorsement deals, personal life, biography, and favorite items, as well as his professional career and social media profiles.
Jerome Kerviel Net Worth
| Real Name | Jerome Kerviel |
| Nick Name | Poorest Person In World |
| Net Worth 2023 | $6.7 Billion Dollars |
| Salary Per Month | Not Know |
| Age | 46 Years Old |
| Wife | Not Known |
| Height | 6 Feet |
| Jerome Kerviel Net Worth | $6.7 Billion Dollars |
| Jerome Kerviel Date of Birth | 11 Jan 1977 |
| Jerome Kerviel Height | 6 Feet |
| Jerome Kerviel Age | 46 Years Old |
Jerome Kerviel Net Worth Growth in the Last 5 Years
| Net Worth in 2023 | -6.7 Billion Dollars |
| Net Worth in 2022 | -6.7 Billion Dollars |
| Net Worth in 2021 | -6.7 Billion Dollars |
| Net Worth in 2020 | -6.7 Billion Dollars |
| Net Worth in 2019 | -6.7 Billion Dollars |
Early Life
Charles and Marie-Josée welcomed Jerome into the world in January 1977 in Pont-l’Abbé, France. His mother Marie-Josée was a French hairdresser who had retired, and his father was a blacksmith. Oliver is the name of Jerome’s older sibling.
Jerome Kerviel completed his studies at the University of Nantes to earn a degree in finance. He later enrolled in the Lumière University Lyon 2 in 2000 to pursue a specialization and master’s degree in finance.
In 2000, Jerome started working for Société Générale. He then received a promotion as a junior derivatives trader to the Delta One team in Paris as a result of his abilities. Before he made the decision to engage in illicit activities, he was earning around $66,000 per year up to that point.
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Personal Life
Brittany is where Kerviel was raised. His father, Charles, was a blacksmith, and his mother, Marie-Jose, is a retired hairdresser. Olivier is his older brother. Kerviel was wed, but in 2008 he and his wife decided to part ways. Kerviel earned a Master of Finance degree with a focus on the management and organization of financial markets from Lumiere University Lyon 2 in 2000.
With the assistance of France’s major banks, the university launched a financial program in the 1990s with the goal of preparing students for middle and back-office roles in the trading divisions of financial organizations. Prior to that, he graduated from the University of Nantes with a bachelor’s in finance.
Biography
| Real Name | Jerome Kerviel |
| Nick Name | Poorest Person On World |
| Date of Birth | 11 Jan 1977 |
| Birth Place | United States |
| Annual Income | Not Know |
| Salary Per Month | Not Know |
| Net Worth 2022 | -6.7 Billion Dollars |
| Age | 46 Years Old |
| Profession | Trader |
| Height in Feet | 6 Feet |
| Wife | Not Know |
| Age | 46 Years Old |
| Height in cm | 182 cm |
| Height in Feet | 6 Feet |
| Weight in Kg | 87 KG |
| Chest Size | 22 Inches |
| Waist Size | 18 Inches |
| Biceps Size | 14 Inches |
| Full Name | Jerome Kerviel |
| Father Name | Charles |
| Mother Name | Marie-Josée |
| Wife | Not Know |
| Daughter | Not Know |
| Sibling | Oliver |
| Residence | USA |
| Religion | Christianity |
| Updated | 2023 |
Career
Jerome Kerviel joined the Société Générale bank in France in 2000 from the compliance division. In 2005, he was promoted to the firm’s Delta One team in Paris, where he worked in silence as a junior trader.
According to media sources, Kerviel started engaging in counterfeit business in early 2007 while still performing admirably on a daily basis and, on the opposite, bringing down market prices. In order to hide his actions, Kerviel began to engage in losing trading, which helped drive the initial sales of his work.
By January 9th, 2008, Kerviel had an estimated index position of US$73 billion, costing Societe Generale around US$7.2 billion. Later, on January 19, 2008, his employers also detected an unauthorized transaction associated with his identity.
Favorite Things
| Favorite Baseball Player | Barry Bonds |
| Favorite Actor | Brad Pitt |
| Favorite Actress | Jamie Lee Curtis |
| Favorite Singer (Male) | Moneybagg Yo |
| Favorite Singer (Female) | Fiona Apple |
| Favorite Personality | Dwayne Johnson |
| Favorite Youtuber | Rod Wave |
| Favorite Movie | The Godfather |
| Favorite Food | Cronut |
Car Collection
| Maclaren GT | $250,000 |
| Chevrolet Camaro | $ 63,000 |
| Nissan Versa S | $ 17,600 |
| Ford Raptor | $120,000 |
Jerome Kerviel Scandal
On January 24, 2008, Jerome Kerviel became the center of attention when the Société Générale (SocGen) sued him for fraud, breach of trust, and forgery. In the year 2000, Jerome Kerviel started working in the compliance department of the middle office of the bank Société Générale (SocGen).
But in 2005, he was elevated to the bank’s Delta One products unit in Paris, where he was employed as a junior derivatives trader and made US$66,000 a year.
There are rumors that Jerome Kerviel started making up deals in late 2006 and early 2007 while making a lot of money in anticipation of the market’s declining values. Jerome Kerviel began deliberately making losing transactions to offset his early profit in order to conceal his movements.
Jerome Kerviel, however, had accumulated a stock index futures position worth US$73 billion by January 9, 2008, costing Societe Generale (SocGen) US$7.2 billion. On January 19, 2008, his bosses discovered unauthorized trading associated with him.
On January 26, 2008, Jerome Kerviel was arrested. On January 28, 2008, he was formally charged with misusing confidential information and unauthorized access to computers.
He was held for less than five months before being released from Fleury Merogis jail on September 8, 2014, even though the accusations brought against him might have resulted in a three-year prison sentence. He is presently employed at Lemaire’s consulting company as an IT consultant.
Social Media Profiles
Jerome Kerviel has a significant fan base, with 157k followers and 508 posts on Instagram, and 127.6k on Twitter.
| Jérôme Kerviel | |
| Kerviel Jérôme |
Conclusion
As a trader for the French investment firm Société Générale, Jerome Kerviel engaged in shady transactions by exploiting derivatives. The bank suffered losses of €4.9 billion as a result of his bets. He was given a three-year term, although he was only imprisoned for five months. He was also forced to pay fines of €4.9 billion, but those were ultimately reduced to €1 million.
FAQs
Is Société Générale Still In Business?
The answer is that Société Générale is still active. A worldwide financial organization, it has locations all over the world. Its main office is in Paris. Along with offering full retail banking services, the business also offers sales, trade, and investment banking.
What Does Jerome Kerviel Do Now?
At Lemaire Consultants, Jerome Kerviel is now employed as an IT consultant.
What Is Jerome Kerviel Net Worth?
Net worth is negative for Jerome Kerviel. He owed €4.9 billion after being sentenced, however, in 2016, this sum was reduced to €1 million. As a result, he has a net worth that is negative by about 1 million euros.
