Jerome Kerviel Net Worth, Age, Wife & More: The French IT consultant and former trader has a negative 6.7 billion net worth due to the losses he sustained while trading for one of Europe’s largest banks.
Kerviel grew up in Pont-l’Abbe, Brittany France, a quaint hamlet with ancient bridges and a medieval castle where the local dialect uses hard “k” sounds. His mother, Marie-Josee, was a retired hairdresser and his father Charles worked as a blacksmith. He has an older brother named Olivier who also works in finance. Kerviel earned a bachelor’s degree in finance from the University of Nantes and later graduated from the Lumiere University Lyon 2 with a master’s degree in finance, focusing on management and control of financial markets.
He joined the Societe Generale bank in 2000 and became a junior-level derivatives trader making around $66,000 per year, before he was promoted to the Delta One team in Paris. He made a name for himself in the world of trading, building up a massive stock index futures position valued at $73 billion. However, his luck ran out when the company managers were tipped off by employees that he had conducted a series of unauthorized and fraudulent transactions that lost them about EUR4.9 billion.
He has since been charged with fraud, breach of trust, forgery, unauthorized use of the company’s computers and a violation of banking law. He currently lives in a tiny village in western France with his wife and two children, who have renamed themselves after their French mother’s maiden name, de Kerviel.
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