Caroline Ellison is the former CEO of Alameda Research. Alameda Research is a quantitative trading firm established by Sam Bankman-Fried. In November 2022 there was an anonymous source revealed to the Wall Street Journal that Alameda Research owed $10 billion to cryptocurrency exchange FTX. The source disclosed that FTX had lent the trading firm money from customer funds at FTX.
Caroline Ellison Biography
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Ellison was born on 20th September 1994 in the Bahamas. Her father is Glenn Ellison, an economist who is currently a lecturer at the Massachusetts Institute of Technology and an Elected Fellow of the Society for the Advancement of Economic Theory and the American Academy of Arts & Sciences. He taught her math and helped her develop her passion for it. Her mother is Sara Fisher Ellison who is also an economist.
Ellison attended Newton North High School and represented the United States in the 2011 International Linguistics Olympiad while she was in high school. In 2016, she graduated from Stanford University with a bachelor’s degree in mathematics.
Caroline Ellison Career as Almeda CEO
Ellison started working for the quantitative trading firm Jane Street straight out of college, which was where she met Sam Bankman-Fried, founder of Alameda Research. Ellison worked for 19 months as a junior trader with Jane Street. She started working at Alameda in March 2018. In August 2022 she became the sole CEO of Alameda Research after Sam Trabucco stepped down as her co-CEO.
Following the principles of effective altruism, she gave out money to the FTX Future Fund to support philanthropic causes.
On November 6, 2022, CoinDesk raised concerns about the balance sheet of Alameda and its connection with FTX. However, Ellison declared that the balance sheet information that was circulating contained only some of Alameda’s assets and that the firm had more than $10 billion of additional assets. Anonymous sources told the Wall Street Journal, on November 12, 2022, via a virtual meeting with employees, that FTX used customer money to help Alameda meet its liabilities and that Ellison, Bankman-Fried, and two other FTX executives know about it.
Ellison is reportedly in a romantic relationship with Sam Bankman-Fried.
Caroline Ellison Net Worth
Ellison is allegedly worth $2 billion. However, with the recent news of her losing over $10 billion of FTX client funds, it is uncertain if she would get to keep her wealth.