#273 Billionaire
Juan Carlos Escotet
$11.0B
$-46M
(-0.4%)
VE
· Age 66
Source of wealth: Banking
Industry: finance-investments
Residence: A Coruña, ES
{
"bio": [
"Juan Carlos Escotet is the founder of Caracas-based banking group Banesco.",
"Banesco is operational in Venezuela, Panama, the Dominican Republic, Puerto Rico, Colombia and the United States.",
"In 2012 Escotet bought Banco Echevarría, a 300-year-old Spanish bank, for around $90 million; the next year Echevarría bought domestic rival Abanca for $1.3 billion.",
"Escotet began working as a messenger for Banco Union when he was 17 while studying economics. In 1986, he founded a brokerage firm.",
"He added banking services in 1991, and in 2001, he merged his bank with Banco Union."
],
"about": [
"Escotet is a runner and plays aquatic sports."
]
}
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