Poorest person in the world – World poor man: There is a man called Jerome Kerviel, who is the poorest person in the world. Among the 689 million people living in extreme poverty on $1.90 or less a day, he is the poorest.
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Foremost, the poorest person in the world is hard to arrive at since there are billions who are fighting for basic needs; but going by debt there is this one person who tops the list.
| Full Name | Jerome Kerviel |
| Nick Name/ | Jerome Kerviel |
| Birth Place: | Pont-l’Abbé, Brittany |
| Date Of Birth/ | January 11, 1977 |
| Age/ | 45 |
| Height/How Tall: | N/A |
| Weight: | N/A |
| Hair Color: | Dark brown |
| Parents Name: | Father – Charles |
| Siblings: | Yes |
| School: | Lumière University Lyon |
| College: | N/A |
| Religion: | N/A |
| Nationality: | France |
| Zodiac Sign: | Capricorn |
Jerome Kerviel has dropped out of the battle for money because he has become the worst-case scenario of a rich guy who has become poor.
What happened to Jerome Kerviel is highly surprising and daunting at the same time. Many people cannot stop imagining how a billionaire could have lost their wealth overnight.
How did Jerome Kerviel become the poorest man in the world?
Most people believe that Jerome Kerviel is suffering from the pain he brought to himself. After engaging in $73 billion in illegal agreements, forgeries, and other shady activities, he owes $6.3 billion. As a result, Jerome Kerviel is the world’s most indebted man making him the poorest person in the world.
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He is an ex-Societe Generale Trader who was sentenced to three years in prison after surrendering to French authorities.
His Net Worth
Jerome Kerviel is the poorest man in the world, with a net worth of -$6.7 billion. If the debts he owes to French bank Societe Generale for fraudulent trading were assets, Kerviel would have become one of America’s top 50 richest persons.
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How It All Happened
Jerome Kerviel was a Junior Trader for his bank’s Delta One business in 2005, which includes program trading, swaps, ETFs, quantitative trading, and index futures.
Christian Noyer, the Governor of the Bank of France, praised him as a “Computer Genius.” His computer skills, on the other hand, were in irresponsible hands as he carried out $73 billion in unauthorized transactions along with computer hacking.
Jerome Kerviel, on the other hand, had acquired a stock index futures position of US$73 billion by January 9, 2008, which cost Societe Generale (SocGen) US$7.2 billion. On January 19, 2008, his bosses discovered illicit trading linked to him.
He was utilizing these vast sums of money to engage in arbitrage trading, which involves taking advantage of two stocks trading at different prices when they should be trading at the same price.
Meanwhile, he had built up massive bets and losses by the time the fraud was discovered, owing to the bank $6.3 billion, more than he will ever be able to pay.
