Rank #288
Juan Carlos Escotet
Net worth $11.3B
Banking · Venezuela
- Born
- Jul 23, 1959
- Age
- 66
- Source
- Banking
- Residence
- A Coruña
- Citizenship
- Venezuela
- Marital status
- Married
- Children
- 4
- Education
- Master, University of Miami
Net worth over time
Biography
- 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.