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Poorest person in the world – World poor man



Poorest person in the world – World poor man

Poorest person in the world – World poor man -The world’s poorest individual is a man by the name of Jerome Kerviel. He is the poorest of the 689 million people who live in severe poverty on $1.90 or less a day.

The poorest person in the world is difficult to identify because so many people struggle to meet their most basic necessities, but according to debt, there is one individual who tops the list.

Poorest person in the world – World poor man

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

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Poorest person in the world – World poor man

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Jerome Kerviel has withdrawn from the race for wealth because he has turned into the worst-case illustration of a rich man who has gone broke.

Jerome Kerviel’s experience is both extremely unexpected and terrifying. Many individuals are unable to stop wondering how a billionaire might have suddenly lost all of their riches.

How did Jerome Kerviel become the poorest man in the world?

Most people think Jerome Kerviel is in pain because of the harm he caused himself. He owes $6.3 billion after indulging in $73 billion in shady transactions, forgeries, and illegal agreements. Jerome Kerviel is the most indebted person in the world as a result, making him the poorest person on earth.

He is a former Societe Generale Trader who turned himself in to French police and was given a three-year prison term.

Poorest person in the world – World poor man

Poorest person in the world – World poor man

His Net Worth

The world’s poorest person, Jerome Kerviel, with a net value of $6.7 billion. Kerviel would have risen to become one of the top 50 richest people in America if the debts he due to the French bank Societe Generale for deceptive trading were assets.

How It All Happened

In 2005, Jerome Kerviel worked as a Junior Trader for the Delta One division of his bank, which deals in index futures, swaps, ETFs, program trading, and quantitative trading.

The Bank of France’s Governor, Christian Noyer, referred to him as a “Computer Genius.” On the other hand, he used his computer abilities recklessly to carry out $73 billion in illegal activities and hack computers.

On the other side, on January 9, 2008, Jerome Kerviel had acquired a stock index futures position worth US$73 billion, costing Societe Generale (SocGen) US$7.2 billion. His managers found illegal trading connected to him on January 19, 2008.

With these enormous sums of cash, he was engaging in arbitrage trading, which entails profiting from the fact that two stocks are trading at different prices when they ought to be at the same price.

By the time the fraud was uncovered, he had accrued enormous bets and losses and owed the bank $6.3 billion, more than he will ever be able to pay.

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