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Who Is The Poorest Person In The World? Meet Jerome Kerviel - Nairaland / General - Nairaland

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Who Is The Poorest Person In The World? Meet Jerome Kerviel by CelestineNelson: 6:37pm On Aug 11, 2021
By Ebenezer Wilson - Updated On: June 14, 2021
Often times, Out of curiosity people only ask and want to know about the richest person in the world...But today I stumbled on the post of the poorest man in the world... Let see why he is the poorest in the world! That means even the poorest person in your community richer than him...

Jerome Kerviel is the poorest person in the world. Jerome Kerviel is a French trader, consultant, and former employee at one of the largest banks in Europe, Société Générale.

Jerome Kerviel is best known as the trader who lost the largest amount of money in the world. He was convicted and imprisoned in 2008 for breach of trust, forgery and unauthorized use of computers.

Jerome Kerviel was born on 11, 1977 in Pont-l’Abbé, Brittany, France to Marie-Josée (a retired hairdresser) and Charles (a blacksmith). He was raised alongside an older brother named Olivier.

Regarding his educational background, Jerome Kerviel graduated from the University of Nantes with a bachelor’s degree in finance. Jerome Kerviel later graduated from Lumière University Lyon 2 in 2000 with a Master of Finance specializing in organization and control of financial markets.

Jerome Kerviel was taken into police custody on 26 January 2008 after the Société Générale (SocGen) bank where he worked as a junior trader filed a lawsuit for fraud, breach of trust and forgery against him. He was formally charged on 28 January 2008 with abuse of confidence and illegal access to computers.
This was after Jerome Kerviel’s employers uncovered unauthorized trading linked to him on 19 January 2008. Kerviel had amassed a stock index futures position of US$73 billion by January 9, 2008, which ended up costing Societe Generale (SocGen) US$7.2 billion.

Jerome Kerviel had reportedly been fictitious trades in late 2006 and early 2007 whiles excelling profitably in anticipation of falling market prices. It was also revealed that Kerviel began creating losing trades intentionally so as to offset his early gain and cover his tracks.

Jerome Kerviel Net Worth

Jerome Kerviel has a net worth of -$6.7 billion as he still owes Societe Generale (SocGen) bank.

Jerome Kerviel is the poorest person in the world right now. The story of a wealthy man turned poor is now the talk of the town with many holding that he is presently the poorest man on earth.

How Jerome Kerviel became the “poorest person in the world”
Jerome Kerviel became the centre of attention on 24 January 2008 when the Société Générale (SocGen) filed a lawsuit for fraud, breach of trust and forgery against him.

Jerome Kerviel had joined the middle office of the bank Société Générale (SocGen) in the year 2000 where he began working in its compliance department. However, he was later promoted to the bank’s Delta One products team in Paris in 2005 where he worked as a junior-level derivatives trader earning US$66,000 per year.

According to reports, Jerome Kerviel began creating fictitious trades in late 2006 and early 2007 whiles excelling profitably in anticipation of falling market prices. In order to mask his footsteps, Jerome Kerviel started creating losing trades intentionally so as to offset his early gain.

However, , by January 9, 2008, Jerome Kerviel had amassed a stock index futures position of US$73 billion which ended up costing Societe Generale (SocGen) US$7.2 billion. His employers later uncovered unauthorized trading linked to him on 19 January 2008. Jerome Kerviel was taken into police custody on 26 January 2008 and was formally charged on 28 January 2008 with abuse of confidence and illegal access to computers.

Despite the fact that the charges filed against him carry a maximum three-year prison term, he served less than five months of detention and was released from Fleury Merogis prison on 8 September 2014. He is currently working as an IT consultant at Lemaire’s consultancy firm.

Experts have likened his fatal risk with about 1.5 times the market capitalization of a global bank, or five times the economic output of Cambodia. It could be less surprising if no one knew about the risk grounds that Jerome was treading.

Jerome Kerviel Net Worth
Jerome Kerviel has a net worth of -$6.7 billion making him the poorest person in the world. Kerviel would have become one of the 50 richest people in America if the debts he owes to French bank Societe Generale for fraudulent trades were assets.

Jerome Kerviel may not have thoroughly thought that a single high-risk business practice would see his wealth rolling down the hill. His appetite for amassing a vast security position would later leave him counting on severe losses.

https://44bars.com/who-is-the-poorest-person-in-the-world-meet-jerome-kerviel/
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by illicit(m): 6:39pm On Aug 11, 2021
He still has a job

How is he now poor
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by ArcFresky(m): 6:44pm On Aug 11, 2021
Things dey...

But he is still not the poorest.

If he is in the UK or Canada, he will get better medical service than you and I.

He probably eats 3 square meals a day
His living condition is probably better than yours...

So, how can he be the poorest?
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by Botking: 6:45pm On Aug 11, 2021
What can of contraction are you writing, poor as in how?
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by CelestineNelson: 6:50pm On Aug 11, 2021
His networth is currently -6.3billion...noticed the minus sign infront of the figure
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by CelestineNelson: 6:52pm On Aug 11, 2021
Botking:
What can of contraction are you writing, poor as in how?
Noticed the(minus) -6.3bilion dollar debt he has to pay
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by Botking: 7:10pm On Aug 11, 2021
CelestineNelson:

Noticed the(minus) -6.3bilion dollar debt he has to pay

How can you conclude that he is poor now
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by Botking: 7:11pm On Aug 11, 2021
He may still have money but decided to keep a low profile
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by zickyclef: 7:37pm On Aug 11, 2021
Poor no debtor yes
Re: Who Is The Poorest Person In The World? Meet Jerome Kerviel by MrBrownJay1(m): 7:55pm On Aug 11, 2021
look around you, many people out there living very comfortably with debts, he has a jobs thats hould make him richer than most jobless people out there

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