He has food and clothes, yet this person is the poorest person in the world.

Ronit Kawale
Ronit Kawale - Senior Editor
5 Min Read
He has food and clothes, yet this person is the poorest person in the world.


highlights

The world's poorest person, Jerome, has deep knowledge of computers.
While working in the bank, Jerome started defrauding the bank itself.
After a year, his trick was caught and he was imprisoned for three years.

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New Delhi. According to Forbes Rich List, Bernard Arnault is the richest person in the world. Almost everyone knows this. But, most people do not know who has got the title of the poorest man in the world. If you also do not know, then know that this unwanted title has been given to French citizen Jerome Kerviel. It is not that Jerome has nothing to eat or clothes to wear. He has all these things. Kerviel has got the title of the poorest man because he has more debt than any other person in the world.

Some people also raise questions on considering Jerome as the poorest man. His argument is that there are millions of people in the world who do not have a roof over their heads. They do not even get two meals a day and it is difficult for them to get clothes and shoes. But, those who call Jerome the poorest person in the world say that someone cannot be as poor as Jerome because he does not have enough clothes or food. This is because Jerome has a huge debt of ₹495,068,952,000.

Also read- Sold milk from door to door, covered the education expenses by giving tuition, started work by taking loan and this man became the owner of Bandhan Bank.

not poor from the beginning
Jerome was born in Pont-al-Abbé, France. His father was a blacksmith and mother a hair dresser. He obtained a master's degree in Finance from Lumière University Lyon. After studies, he started working as a junior derivatives trader in Société Générale Bank of France. He was posted in Delta One division which was involved in software investments, exchanges, ETFs, algorithmic trading and trading of equity derivatives. Here he received ₹ 5,449,798 as annual salary.

drowned with computer information
Jerome was very ambitious. He had a hunger to become rich. He had deep knowledge of computers. This knowledge of computers made him the poorest person in the world. Jerome discovered that there were flaws in the company's system. Taking advantage of these shortcomings, he started arbitrage trading with the company's money. He earned a lot of money from this. But, later Jerome suffered losses. Jerome started this work at the end of 2006. In about a year he invested 73 billion dollars in trading. On January 19, 2008, his fraud was caught by Société Générale.

The bank was hit hard
Jerome's manipulation caused Société Générale a loss of $7.2 billion. By the time Jerome's scam came to light, Jerome was in heavy debt. He had a debt of $6.3 billion. In 2008, a case was filed against Jerome on charges of breach of trust, forgery and unauthorized use of computer.

Also read- Nirmala Sitharaman: Owner of Rs 2 crore but no car, what is her salary and net worth, know everything

stayed in jail for three years
Jerome was sentenced to three years in prison in 2015, he has now come out of jail after serving the sentence. He is trying his best to get his life back on track, but it is unlikely that he will be able to pay off the huge debt he has incurred and get rid of the tag of being the poorest person in the world.

Tags: Business news in hindi, Poverty

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