What is Nick Leeson’s Net Worth?
Nick Leeson is a former derivatives dealer from the UK who famously brought on the collapse of Barings Bank. Nick Leeson has a net worth of $3 million. He is greatest recognized for being the captain behind the demise of Barings financial institution by collaborating in unauthorized speculative buying and selling. It’s all very difficult, however simply know he was hiding losses and did so to pocket cash for himself. This, in fact, is the M.O. of many merchants out there immediately and primarily one of many primary causes for the 2008 recession, in addition to Enron’s collapse. After realizing he was caught, he jumped all over the world, making an attempt to cover from his impending jail time, however to no avail. He was finally captured in Germany and imprisoned for 4 years in Singapore, the place his spouse left him, he misplaced most of his cash and have become an outcast within the monetary world, being the only cause for the destruction of a 230 12 months previous company.
But, I’ve to confess, he did handle to rise (a bit) from the ashes. While in jail he wrote a ebook entitled, “Rogue Trader” which many individuals described as pompous, however did handle to land him a film deal. The film, with the identical identify got here out in 1999 staring Ewan McGregor and Anna Friel. After his launch in 1999, he remarried, moved to Ireland and continues to commerce (together with his personal cash this time) and carry out talking engagements the place he will get round $8,000 per presentation. Not unhealthy for an hour’s work. Interestingly sufficient, a jacket that he supposedly wore whereas buying and selling on the SIMEX in Singapore not too long ago offered on eBay for an incredible $32,900… Crazy what folks will throw cash away on is not it?
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