Juan Carlos Escotet
$7.3B
Born
Jul 23, 1959
Age
66
Source of Wealth
Banking
Residence
A Coruña,
Citizenship
Venezuela
Marital Status
Married
Children
4
Education
Master, University of Miami
- 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.
- Escotet is a runner and plays aquatic sports.
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