|Net Worth:||$5 Million|
|Date of Birth:||November 16, 1994 (29 years old)|
|Nationality:||United States of America|
What is Caroline Ellison’s Net Worth?
Caroline Ellison is a business executive who has a net worth of $5 million. Due to her prior employment as the CEO of the bitcoin trading company Alameda Research, Caroline attained a certain level of notoriety. Sam Bankman-Fried, a disgraced businessman, was a co-founder of Alameda.
She lost her job in late 2022 after a major financial scandal prompted Alameda and over 100 other crypto-related businesses, most notably Bankman-crypto Fried’s exchange FTX, to declare Chapter 11 bankruptcy. FTX, which had once been valued at more than $30 billion, was reduced to nothing by the scandal.
Allegations have been made that FTX transferred $10 billion in customer funds to Alameda in order to cover a significant trading loss that the hedge fund allegedly suffered. In addition to her role in the workplace, Ellison is a well-known polyamorist who allegedly had a love relationship with Bankman-Fried.
Caroline Ellison was born in November of 1994 to Glenn and Sara, both economists working at MIT. She was raised in the Massachusetts suburbs of Boston.
Ellison attended Newton North High School while she was a teen, and it was there that she competed for the United States in the 2011 International Linguistics Olympiad.
She continued her education at Stanford University and earned her bachelor’s in mathematics there in 2016. Ellison participated in the yearly Putnam Competition while still in college.
Ellison began working for the Berkeley, California-based global proprietary trading company at Jane Street after graduating from Stanford. She met businessman Sam Bankman-Fried while working there as a junior trader for roughly one and a half years.
In March 2018, Elliott joined the Alameda Research bitcoin trading company, which Sam Bankman-Fried and Tara Mac Aulay had formed the year before. In October 2021, Ellison and Sam Trabucco shared the role of the firm as co-CEO.
In the summer of 2022, Trabucco announced his resignation, and Elliott became the company’s sole CEO. She also had a significant impact on Bankman-Fried’s development of the FTX hedge fund and cryptocurrency exchange.
An unnamed source reported in late 2022 that Alameda owed $10 billion to Bankman-FTX, Fried’s which was said to have borrowed the company money using its own client cash.
Ellison acknowledged this action and stated that she, Bankman-Fried, and FTX executives Gary Wang and Nishad Singh all knew that FTX had seized customer assets and suppressed information regarding their misuse.
Caroline and Sam Trabucco, the other CEO of Alameda, were both named on Forbes’ “30 under 30” list. He was 29 at the time, and she was 27.
According to the glowing article, Forbes said that Alameda was earning $3–4 million per day and had created additional, enormous profits by investing the money in blockchain platforms like Uniswap and Compound.
Ellison lost her job as CEO of Alameda as a result of the financial scandal and solvency crisis. In addition, Alameda, FTX, and more than 100 associated entities filed for Chapter 11 bankruptcy.
Bankman-Fried was detained in the Bahamas in December 2022 and charged with several offenses, including wire fraud and conspiracy, as a result of his pivotal involvement in FTX’s huge financial mismanagement.
Ellison and Bankman-Fried allegedly had a romantic relationship, according to former Alameda and FTX workers. She has apparently admitted to being polyamorous and lived with him and eight other people in a lavish condo in the Bahamas.
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