What is Caroline Ellison’s net worth?

The CRYPTOCURRENCY exchange FTX made headlines after it collapsed and lost $1 billion in client funds, which reportedly disappeared.

Let’s learn more about the net worth of the CEO of Alameda Research group-affiliated crypto firm, Caroline Ellison.

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Alameda Research CEO Caroline EllisonCredit: Twitter

Who is Caroline Ellison?

Caroline Ellison is the CEO of crypto firm Alameda Research, founded by Sam Bankman-Fried in 2017.

His father, Glenn Ellison, was an economics professor at MIT and coached his college math team.

Caroline’s mother, Sara Fisher Ellison was also an economist at MIT.

She graduated from Stanford University in 2016, with a bachelor’s degree in mathematics, and went on to work for quantitative trading company Jane Street.

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She met Bankman-Fried in Jane Street where she spent 19 months as a junior trader.

Ellison moved to Alameda in March 2018 and became CEO in August 2022.

However, the situation deteriorated for the two after the Wall Street Journal reported that FTX was using client funds to help Alameda deal with its debts.

Reuters reported that $10 billion in client funds were transferred to Alameda by bankrupt FTX.

They added that Elisson told employees on Wednesday, November 9, 2022, in a video meeting, that she, Bankman-Fried and two executives, Nishad Singh and Gary Wang, were aware of the decision to transfer the funds. customers in Alameda.

Away from outrageous dealings involving client funds, Ellison is known for her love of the Harry Potter books and movies.

It was reported by CoinDesk that she was living with nine other people and Bankman-Fried in a luxury penthouse at the FTX base in the Bahamas.

Despite the billions on its books, an unnamed source described FTX’s dynamic as “run by a bunch of kids in the Bahamas.”

What is Caroline Ellison’s net worth?

As of November 2022, Ellison’s net worth is believed to be around $15 million.

However, with the collapse of FTX and its ties to Alameda, it could have been affected.

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How did Caroline Ellison make money?

Caroline Ellison made her money working in cryptocurrency.

With her promotion in August 2022 to CEO of Alameda, she has gained more responsibility since she started leading the company.

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