Jerome Kerviel Net Worth: The World’s Poorest Man?

The estimated net worth of Jerome Kerviel is $6.7 billion, making him the world’s poorest person.

Famous French trader Jerome Kerviel was found guilty of breach of trust, forgery, and illegal use of the bank’s systems in the 2008 Societe Generale trading loss, which resulted in losses totaling €4.9 billion and he was sentenced to jail.

The world’s most indebted person is Jerome Kerviel. Due to improper trades, he owes Societe Generale, where he worked as a trader, Jerome Kerviel is the poorest guy in the world due to this.

Jérôme Kerviel, who was born on January 11, 1977, was found guilty in 2008 and sentenced to prison after causing €4.9 billion in damages through Société Générale trading losses, trust breaches, forgeries, and unauthorized use of the bank’s computers.

Following his temporary release in April 2008, Kerviel was employed by the information systems and computer security consultancy company Lemaire Consultants & Associates.

The trial for Kerviel started on June 8, 2010. He was found guilty on October 5 and given a sentence of five years in prison with two years suspended, full restitution for the lost $6.7 billion, and a lifetime ban from the financial services industry.

According to Caroline Guillaumin, a SocGen spokeswoman, the compensation was “symbolic” and the bank had no expectation that the money would be paid.

The punishment was deemed “exceptional” by Kerviel’s attorney Olivier Metzner, who also declared that Kerviel will file an appeal. Until Kerviel’s request was resolved, his punishment was put on hold.

A Paris appeals court affirmed the October 2010 judgment of three years in jail with the possibility of an additional two years’ suspension on October 24, 2012, and ordered Kerviel to pay SocGen 4.9 billion euros in damages. A French high court affirmed Kerviel’s prison term in March 2014 but decided he would not be required to pay back €4.9 billion.

On June 7, 2016, the Court of Appeal in Versailles criticized SocGen for discharging Kerviel in violation of the law. Societe Generale declared it will file a lawsuit.

How did he waste such a big amount of money?

By engaging in a series of illegal and fraudulent activities between 2006 and early 2008, Jerome Kerviel is accused of losing more than €4.9 billion in business assets.

Is Jerome Kerviel a wealthy man?

The world’s poorest person right now is Jerome Kerviel. Many believe he is currently the poorest man on earth, and the tale of a wealthy guy who became destitute is the talk of the town right now.

What debt does Jerome Kerviel have?

With a $6.3 billion debt to his previous company, Jerome Kerviel is the most indebted person on the planet. If the money owed by Kerviel to the French bank Societe Generale for fraudulent trades made in 2007 and 2008 were assets, Kerviel would rank among the top 50 richest persons in America.

Jerome Kerviel Wife

Jerome Kerviel is a married man. Before being detained, Jerome Kerviel and his wife divorced in 2008. His wife’s identity is unknown. At this time, it is unknown if he ever got a divorce and remarried.

Jerome Kerviel House

Jerome Kerviel resides in the United States, however his home is currently unknown. When Kerviel learned the news, he was having breakfast at his brother’s home in Paris.

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