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Who Is the Poorest Person in The World? – [ Detailed Information About Thee Poorest Man on Earth ]

Who Is the Poorest Man on Earth in 2022?

Jerome Kerviel is the poorest individual in the world right now considering he owes SocGen more than $6.3 billion.

Jerome Kerviel is a man who’s famous for being a wealthy banker, but now he’s famous for being so poor.

Jerome Kerviel is a former trader from Societe Generale. In 2008, he was charged with using a computer program to generate a series of unauthorized trades. He was found guilty of forgery and breach of trust and sentenced to five years in prison. That sentence was later reduced to three years on appeal.

In 2010, the appeals court cut his sentence yet again to one year, considering his youth and clean record as mitigating factors as well as the fact that it is uncertain how much damage he actually caused. Jerome Kerviel had gambled with €50 billion worth of Societe Generale shares and lost most of it in just a few hours. It took over 4 years for the bank to pay back its investors

Being poor is not always about being broke. Some people may have all the money they need, but misfortune may still be their constant companion. What are these unlucky ones to do?


Jerome Kerviel may not have thoroughly thought that a single high-risk business practice would see his wealth rolling down the hill. His appetite for amassing a vast security position would later leave him counting on severe losses and becoming the poorest person ever. Experts have likened his fatal risk with about 1.5 times the market capitalization of a global bank, or five times the economic output of Cambodia.

Jerome Kerviel is a French ex-trader was born on November 18, 1975, in the city of Rouen in northern France. In 2008, he became one of the most notorious figures in banking history. This is because he engaged in unauthorized and risky trades and lost €4 billion ($5.7 billion) at his employer, Société Générale. Jerome worked with Société Générale as a junior-level derivatives trader, earning about US$66,000 every year. This makes him the only person to date to lose more than US$2 billion ($3 billion) on a single day’s trading by himself and with no accomplices.

Jerome’s uncalculated investment in the Eurostoxx pan-European stock index futures contracts (30 billion Euros), Germany’s DAX futures (18 billion euros), and London’s FTSE futures (2 billion euros) was never a good idea. He made this move hoping that the markets would shoot in the following months, and he would have profited through arbitrage. Instead, his blind hope sunk amid market falls that happened after that.

It later emerged that Jerome suffered the loss deliberately to mask his illegal dealings at the company. According to a report released by SocGen, Jerome had been involved in a series of trade frauds. The report uncovered no other charge against him. These revelations indicated that Jerome compromised the company’s trading policies. As a result, the company laid him off immediately. Jerome’s unauthorized trades cost him his lifelong savings and he was thrown into jail after several failed appeals.

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Facts About Ornaments That’ll Make Your Hair Stand on End

A list of facts about ornaments that will make your hair stand on end.

Facts About Ornaments That'll Make Your Hair Stand on End

Facts About Ornaments That’ll Make Your Hair Stand on End

You may snicker at the idea of ornaments, but if you appreciate the ancient craftsmanship of them, then keep on reading.

Are you a fan of Christmas? If so, this article is for you. In it, you’ll find out all the fascinating facts about ornaments that will make your hair stand on end! Get ready to impress your friends and family with these little-known facts.

  • How Ornaments Were Created

The first ornaments were created by the ancient Egyptians. They first made glass spheres that they filled with sand, sawdust, and precious stones. The first paper decorations were also made by the Egyptians. They would paint illustrations of gods on paper which would then be colored in with dyes or wax.

Around 4000 BC, the Thracians started to make the first objects from gold. Many of the most intricate designs from the ancient goldwork most likely came from Egypt. Being one of the first places to gather gold, Egyptians mainly divided it into two categories: bullion which was used as money, and worked gold which served primarily as jewelry.

  • Digital Ornaments

Digital Ornament

Digital Ornament

A company called OOZO has created a new type of ornament that will be the envy of any family this Christmas. The DIY kits come with everything you need to create your own digital ornament with music, video, and images.Choose a slideshow or single picture hang on your tree or display on stand. Easily download your favorite photos from your PC.

  • The Most Expensive Ornament

The most expensive Christmas ornament is a Christmas bauble, encrusted with 1,578 real diamonds, is worth $787,000. The ornament also has two rings encrusted with 188 red rubies each, and three 1-carat Roman Diamonds fastened into the sphere itself.

This Christmas ornament might seem overpriced, but it is actually the world’s most expensive ever. Hallmark partnered with Embee Jewels of London to create an ornament that includes a handmade wooden luxury case and contains intricate details you’d expect on something close to $5,000.

The Waterford Crystal Christmas Tree is considered to be one of the most luxurious Christmas ornaments of all time. This precious item was created in 1977 and is made of over 1,000 crystal pieces which are then assembled together to create a Christmas tree. It’s

  • Ode to a Christmas Tree

When it comes to Christmas trees, there are two types – the real tree and the artificial tree. Real Christmas trees are associated with many benefits, but they also have some drawbacks. First, they take up a lot of space in your home. Second, they need to be watered frequently because they can quickly dry out. Third, you will eventually have to take them down. However, if you decide to buy an artificial tree, you will not have any of these issues.


Making ornaments is a fun, creative way to enjoy the holiday spirit. This article gave you some helpful tips about how to make ornaments. Please share with someone today and tell us what new thing you just learnt.

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