Andre Esteves
$13.6B
Born
Jul 12, 1968
Age
57
Source of Wealth
Banking
Residence
Sao paulo,
Citizenship
Brazil
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, Universidade Federal do Rio de Janeiro
- Andre Esteves began his career as an intern at Brazilian investment bank Pactual and eventually acquired control of the bank.
- Esteves sold Pactual to Swiss banking giant UBS in 2006 for $3.1 billion, forming the Brazilian subsidiary UBS Pactual.
- In 2009 he engineered the sale of UBS Pactual to investment firm BTG and became chairman of the board and CEO of the new firm.
- He was accused of obstruction of justice for Brazil's largest corruption scandal, Operation Car Wash, and jailed for almost three weeks in 2015.
- In December 2018, Esteves was acquitted of corruption charges and returned to BTG as one of the controlling partners.
- After he was detained in 2015, Esteves stepped down as CEO and gave up his seat on BTG's board.
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