Caroline Ellison Net Worth: How Rich is Business Executive?

Caroline Ellison is an American business executive. She is best known for being the CEO of Alameda Research. Ellison was in a relationship with the FTX’s CEO, Sam Bankman-Fried. Her ex-beau, Bankman-Fried persuaded her to join Alameda, which is inevitably tied to FTX’s downfall, Alameda. As of 2022, Caroline Ellison net worth is roughly around $15 million.

Early Life

Caroline Ellison was born in 1994 in the United States. Not much is discovered about her upbringing and early life. Her father’s name is Glen Ellison and he works at MIT as the Gregory K. Palm Professor of Economics. Both of her parents are known to be esteemed academics. Caroline completed her high school graduation from Newton North High School. Then, she attended Stanford University in 2012 and earned a Bachelor of Science degree in 2016.

Ellison began working as a counselor in MathPath in June 2013. She worked as a counselor for two months until July 2013. Then, she began serving as a research assistant at Stanford University in June 2014. She worked at the University until August 2014. After that, she started working as a trader on Jane Street. She joined the company in September 2016. She worked at Jane Street for over a year until March 2018.

Following that, she joined Alameda Research as a trader in March 2018. She dedicated over three years as a trader in Alameda. Then, she became the Chief Executive Officer (CEO) of Alameda in July 2021. Ellison was persuaded to join Alameda by Sam Bankman-Fried. When she was leaving Jane Street, she felt bad for working at the company for a short amount of time. Nevertheless, the feeling disappeared quickly after she arrived at Alameda. After joining Alameda, she discovered that she had a more trading experience than a lot of traders in Alameda.

Alameda Research is a trading firm that was launched by Bankman-Fried. He recently confirmed in a tweet on Thursday, November 10 that Alameda was also winding down operations after the collapse of his company, FTX. Caroline is one of ten FTX and Alameda staffers who live in a multimillion-dollar Bahamas penthouse. The other housemates include FTX co-founder, Gary Wang, and FTX Engineering Director, Nishad Singh.

According to the Wall Street Journal, Fried’s trading business FTX lent $10 billion to his affiliated trading firm, Alameda Research. Bankman-Fried confessed on Thursday that the customer money deposited in FTX is used for their own trading purposes. In the trading firm, Sam, Gary, and Nishad control the code that is responsible for the exchange’s matching engine and funds. Alameda and FTX’s offices are located steps apart in a coworking compound in the Bahamas. The house also has Solona developers and other various crypto incubation projects.

FTX’s CEO, Bankman-Fried tweeted on Thursday and said all of the stakeholders would have a hard look at FTX governance. He also added that he will not be around if he is not wanted. After the collapse of FTX, nearly 96 percent of Bankman-Fried’s wealth has been wiped out in a single day. The percentage margin is the largest ever dropped in a day for a billionaire.

Personal Life

Caroline Ellison is an on-off lover of FTX’s CEO, Sam Bankman-Fried. The ten FTX staffers living in the Bahamas are said to be split into five pairs that were either previously romantically linked or are currently in a relationship. Among 10 FTX members living in the Bahamas penthouse, Ellison and Bankman-Friend were reportedly in a relationship with each other. Ellison is stated to be a Harry Potter fan. 

Caroline Ellison Net Worth

Caroline Ellison’s net worth is estimated to be around $15 million as of 2022. She has most probably accumulated a colossal amount from working in the trading firm, Alameda Research.

She has also been one of the 10 FTX and Alameda staffers who live in a multimillion-dollar Bahamas penthouse. In July 2020, Caroline described parts of her work at Alameda as uncertain and terrifying in a podcast posted to FTX’s official YouTube page. It’s still uncertain which role Ellison played in the use of FTX customer funds.