Juan Carlos Escotet
Caracas, Venezuela
Master, University of Miami
Venezuela
banking, Self Made
$3,700,000,000
546
#546 Billionaires 2019
Juan Carlos Escotet is the founder of Caracas-based banking group Banesco. Banesco is operational in Panama, the Dominican Republic, Puerto Rico, Colombia and the United States.In 2013, Banco Etcheverria, which Escotet bought for around $90 million in 2012, purchased Spanish bank 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.He added banking services in 1991, and in 2001, he merged his bank with Banco Union.
He has four grown sons, all of whom work with their father at Banesco.Escotet is a runner and plays aquatic sports.
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