Caroline Ellison Net Worth

August 2024 · 3 minute read
Net WorthSalaryBirthdateBirthplaceGenderHeightProfessionNationality
$5 million$200,000 per yearNovember 1994Boston, Massachusetts, USAFemaleN/ABusiness ExecutiveAmerican

Table of Contents

What is Caroline Ellison’s Net Worth?

Caroline Ellison has a net worth of $5 million. She earned her fortune and gained infamy as the former CEO of cryptocurrency trading firm, Alameda Research. However, her net worth could have been significantly higher if not for the financial scandal that led to Alameda and numerous crypto-affiliated companies filing for bankruptcy.

Highlights

– Caroline Ellison’s net worth is $5 million.

– She served as the CEO of Alameda Research before being fired due to the financial scandal.

– She pleaded guilty to several charges, including wire fraud and money laundering.

– Ellison allegedly transferred $22.5 million from Alameda to a personal account before the company’s collapse.

Early Life

Caroline Ellison was born in November 1994 in Boston, Massachusetts. Her parents, Glenn and Sara, were both economists working at MIT. She attended Newton North High School, where she represented the US in the 2011 International Linguistics Olympiad. Ellison went on to study at Stanford University, graduating in 2016 with a bachelor’s degree in mathematics. During her college years, she also participated in the annual Putnam Competition.

Career

After graduating from Stanford, Caroline Ellison joined the global proprietary trading firm Jane Street as a junior trader. It was during her time there that she crossed paths with entrepreneur Sam Bankman-Fried, who would later play a significant role in her career. In March 2018, Ellison joined Alameda Research, a cryptocurrency trading firm co-founded by Bankman-Fried and Tara Mac Aulay the previous year.

In October 2021, Ellison became the co-CEO of Alameda Research alongside Sam Trabucco, and when Trabucco stepped down in 2022, she became the sole CEO. She also played an instrumental role in helping Bankman-Fried build his cryptocurrency exchange and hedge fund, FTX.

Personal Life

Caroline Ellison was reportedly romantically involved with Sam Bankman-Fried, her co-founder and former boss at Alameda Research. She identified herself as a polyamorist and allegedly lived with him and eight others in a luxury penthouse in the Bahamas.

Net Worth Over Time

Caroline Ellison’s net worth has been significantly affected by the downfall of Alameda Research and the financial scandal that followed. Prior to the scandal, she allegedly transferred $22.5 million from Alameda to her personal account. It is important to note that her net worth could have been much higher if not for these events.

Components of Net Worth

Caroline Ellison’s net worth of $5 million is primarily derived from her earnings as a business executive and her involvement in the cryptocurrency industry. Her salary at Alameda Research was $200,000 per year, and she received a $20 million bonus in 2021. However, it is unclear how much of her net worth remains after the scandal and subsequent legal proceedings.

Disclaimer: The net worth and other information stated above are based on publicly available sources, and unless otherwise indicated, they are estimates. Corrections and feedback are welcome.

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