Caroline Ellison Net Worth: Caroline Ellison is a convicted felon and ex-business executive in the United States. On September 20th, 1994, Caroline Ellison entered the world. Caroline Ellison’s wealth is a topic of interest for many. This article now reflects the most recent data.
The backstory of their favorite stars is something many fans would love to learn more about. In a similar vein, we may now observe interest in Caroline Ellison Net Worth. The question, “What is Caroline Ellison Net Worth,” is frequently googled. Come with me as I delve into this topic for more information.
Caroline Ellison Net Worth
Business executive Caroline Ellison has a $5 million fortune. In her previous position as CEO of Alameda Research, which deals in bitcoin trading, Caroline attained a certain level of notoriety. Sam Bankman-Fried, a businessman who has since been disgraced, helped develop Alameda.
Alameda and more than a hundred other crypto-related companies, most notably Bankman-crypto Fried’s exchange FTX, filed for Chapter 11 bankruptcy in late 2022, leading to her dismissal. Once worth more than $30 billion, FTX had its value completely wiped out as the scandal broke.
To make up for a massive trading loss, the hedge fund allegedly suffered, FTX is said to have wired $10 billion in client funds to Alameda. Ellison is well-known in her professional field, and rumours have it that she had a romantic relationship with Bankman-Fried.
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Early Life and Education
In November of 1994, MIT economist Glenn Ellison and his wife, Sara, had a daughter they named Caroline. Growing up, she spent most of her time in the Massachusetts suburbs of Boston. Ellison attended Newton North High School and in 2011 competed for the United States in the International Linguistics Olympiad.
Following high school, she enrolled at Stanford University, where she earned a bachelor’s degree in mathematics in 2016. Ellison took part in the Putnam Competition while he was in college.
Caroline Ellison Career Beginnings
After finishing her degree at Stanford, Ellison took a job in global proprietary trading with Berkeley, California’s Jane Street. After about a year and a half of service as a junior trader, she was introduced to the businessman Sam Bankman-Fried.
Caroline Ellison Alameda Research
Ellison started working for Alameda Research in March of 2018. The company was created by Sam Bankman-Fried and Tara Mac Aulay the year before. Ellison joined Sam Trabucco as co-CEO in October 2021. Ellison became Alameda’s sole CEO upon Trabucco’s departure in the summer of 2022. She was also instrumental in Bankman-Fried setting up his bitcoin exchange and hedge fund, FTX.
An unnamed source reported in late 2022 that Alameda owed $10 billion to Bankman-FTX, Fried’s which was said to have loaned the company money using its customers’ finances. Ellison admitted to this behaviour and stated that she, Bankman-Fried, FTX executives Gary Wang and Nishad Singh were aware of FTX’s theft of customer assets and cover-up of this theft and misuse.
After some of Caroline’s statements on a YouTube channel called El Momento went viral, here is the whole interview in which they were made:
The Theory of “Effective Altruism”
When it comes to giving back to the world, “effective altruists” like Ellison and Bankman-Fried believe more is better.
Caroline Ellison Forbes 30 under 30
Caroline and her co-CEO at Alameda, Sam Trabucco, made Forbes’ list of “30 under 30.” She was 27 and he was 29 when they met. According to Forbes’s laudatory article, Alameda is raking in $3 million to $4 million daily and investing those proceeds in blockchain platforms like Uniswap and Compound has yielded enormous returns.
Aftermath
Ellison was fired from her job as CEO of Alameda when the company had a solvency crisis and financial scandal. More than a hundred related businesses, including Alameda and FTX, also sought protection under Chapter 11 of the Bankruptcy Code.
In December 2022, Bankman-Fried was apprehended in the Bahamas on multiple charges, including wire fraud and conspiracy, for his pivotal involvement in the severe financial mismanagement of FTX.
Caroline Ellison Personal Life
Ex-colleagues at both Alameda and FTX claim to have heard rumors that Ellison and Bankman-Fried were an item. She calls herself a polyamorist and is said to have shared a Bahamas penthouse with him and up to seven other people.
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