Who is the poorest person in the world? There are a lot of debates on who is the poorest person in the world. Some say it’s the person who lives on less than a dollar a day, while others claim that it’s someone who doesn’t have access to basic needs like clean water and food.
But at the end of the day, it’s hard to say for sure who is truly the poorest person in the world. According to recent estimates, that title goes to Jerome Kerviel. He has a net worth of -€41 billion and is considered by many to be the poorest person on Earth. With this in mind, it’s important to keep things in perspective: while he may be broke financially speaking, Jerome Kerviel still lives a life most people would envy.
He has access to basic necessities such as food and shelter; he also enjoys some luxuries, like a nice car and a comfortable home. So while he may be the poorest person in the world by net worth, that doesn’t mean he’s not doing well for himself. Let’s see more about the poorest person in the world.
Who is the Poorest Person in the World?
The poorest person in the world as of now is Jerome Kerviel. He has a net worth of -€41 billion and is considered by many to be the poorest person on Earth. While there are many people who live in poverty, Jerome’s wealth stands out as particularly shocking given his living conditions.
What makes this story even more interesting is that Jerome was not born into poverty. In fact, he was raised by two parents who were both successful bankers. Jerome’s mother worked for the International Monetary Fund (IMF) and his father had a job with Citibank in New York City. Both their careers gave them access to some of society’s most exclusive institutions where they met each other.
When Jerome was just three years old, his mother was diagnosed with cancer and died soon after. His father took over raising him while also working full time at Citibank. Jerome grew up in an upper-middle-class household where he attended private school alongside other children who would go on to become bankers themselves one day.
Jerome Kerviel is the poorest person in the world because he lost €41 billion.
How Did Jerome Become the Poorest Person in the World?
That’s a question that still remains unanswered to this day. In 2008, Jerome was working as a trader for the French bank Société Générale when he made some very bad bets on the stock market. He essentially gambled away billions of euros and ended up losing €41 billion – the largest loss ever suffered by a bank.
When news of his losses broke, Jerome became a national laughing stock. He was vilified in the media and even referred to as “the most stupid man in the world.” As you can imagine, this had a devastating effect on his personal life. Jerome’s wife left him, his friends turned their backs on him and he was forced to move out of his apartment due to death threats from angry investors.
When Société Générale found out about Jerome’s losses they fired him immediately and then sued for €41 billion in damages – the same amount that he had lost.
This all happened during the height of the global financial crisis, which only made things worse for Jerome. He was quickly labeled as a “bad apple” and was seen as the symbol of everything that had gone wrong in the world of finance. Jerome has never fully recovered from the losses he suffered.
Jerome Kerviel Is Not Alone in His Misfortune
While Jerome’s story is certainly unique, he is not the only person to have lost a fortune in recent years. There are many people who have gone from being millionaires to billionaires one day and broke the next.
One of these people is Allen Stanford, an American businessman who was once considered one of the wealthiest men in the world. In 2009, he was convicted of running a massive Ponzi scheme that defrauded investors out of billions of dollars. There are many such people who have fallen into poverty from rich lands.
We hope you found this article interesting. It’s always fascinating to learn about the lives of the richest and poorest people in the world. Who knows, maybe you will be the next person to make headlines for being the poorest person on Earth. Thanks for reading! Keep visiting Celebrity Net Worth for more interesting posts.