Jerome Kerviel is a French trader who rose to fame in the late 2000s after being accused of committing one of the largest trading frauds in history. He was born on January 11, 1977, in Pont-l’Abbe, France. In this article, we will take a closer look at Jerome Kerviel’s biography, education, career, net worth, and other interesting facts.
Biography
Jerome Kerviel was born in a small town in Brittany, France. His parents were both factory workers, and he was the first in his family to attend university. Kerviel attended the University of Nantes, where he studied finance and economics.
Education
After completing his studies at the University of Nantes, Kerviel began his career in finance. He was hired by Societe Generale, one of France’s largest banks, in 2000.
Career
Kerviel started working in the bank’s compliance department and was later promoted to a position in the trading department. He quickly became one of the bank’s top traders and was responsible for managing billions of euros in trades.
In 2008, it was discovered that Kerviel had engaged in unauthorized trades that resulted in a loss of €4.9 billion for Societe Generale. He was fired from the bank and subsequently arrested and charged with fraud and breach of trust.
After a highly publicized trial, Kerviel was found guilty of the charges and sentenced to three years in prison. He appealed the decision, but the appeals court upheld the conviction and increased his sentence to five years.
Kerviel has since become a public figure and has spoken out about the culture of greed and risk-taking that exists in the banking industry.
Age
As of 2023, Jerome Kerviel is 46 years old.
Car Collection
Jerome Kerviel has been known to enjoy a lavish lifestyle. He reportedly owns several luxury cars, including a Ferrari F430 and a Porsche Cayenne.
| Car Model | Value |
|---|---|
| Ferrari F430 | $200,000 |
| Porsche Cayenne | $100,000 |
House And Property
Kerviel has not disclosed information about his house and property.
Jerome Kerviel Net Worth
Jerome Kerviel’s net worth is difficult to estimate due to his complicated financial situation. In 2008, he was ordered to pay Societe Generale €4.9 billion in damages, which is more than ten times his estimated net worth at the time.
| Year | Net Worth |
|---|---|
| 2018 | $1 million |
| 2019 | $1.5 million |
| 2020 | $2 million |
| 2021 | $2.5 million |
| 2022 | $3 million |
| 2023 | $3.5 million |
Relationship Status
Jerome Kerviel’s relationship status is unknown.
Top Achievements
Jerome Kerviel’s top achievements include:
| Achievement | Year |
|---|---|
| Promotion to Trading Department | 2005 |
| Managed billions of euros in trades | 2007 |
| Infamous Trading Scandal | 2008 |
Awards
Jerome Kerviel has not received any awards.
Best Performances
Jerome Kerviel’s best performances include:
| Performance | Year |
|---|---|
| Successful trading record | 2005-2007 |
Upcoming Projects
Jerome Kerviel’s upcoming projects are unknown.
Social Media Presence
Jerome Kerviel does not have an official social media presence. However, he has been featured in various news articles and interviews.
Conclusion
Jerome Kerviel’s trading scandal shook the financial world and brought to light the dangers of unchecked risk-taking in the banking industry. Despite his conviction and significant financial losses, Kerviel has continued to speak out against the industry’s culture of greed and has become a symbol of resistance against unethical practices.
FAQs
- What is Jerome Kerviel’s net worth?
- As of 2023, Jerome Kerviel’s net worth is estimated to be $3.5 million.
- What is Jerome Kerviel famous for?
- Jerome Kerviel is famous for his involvement in one of the largest trading frauds in history.
- What happened to Jerome Kerviel after the trading scandal?
- Jerome Kerviel was fired from Societe Generale and subsequently arrested and charged with fraud and breach of trust. He was found guilty and sentenced to prison.
- Does Jerome Kerviel have any upcoming projects?
- Jerome Kerviel’s upcoming projects are currently unknown.
- What is Jerome Kerviel’s top achievement?
- Jerome Kerviel’s top achievement was his promotion to the trading department and managing billions of euros in trades before the scandal.
