Juan Carlos Escotet
$7.35B
as of 03/31/25
About Juan Carlos Escotet
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.
Personal stats
Citizenship
VenezuelaSource of wealth
BankingResidence
A Coruña, SpainMarital status
MarriedBirth date
07/23/59 (age 65)Number of children
4Education
Master, University of MiamiSelf-made
self-madeJuan Carlos Escotet’s fortune is worth
122K
troy ounces of gold
113K
median U.S. household
73K
median U.S. income
0.147%
U.S. credit card volume
0.029%
GDP of the United States
0.022%
United States debt
Net worth history
Annual ranking
Did you know?
Escotet is a runner and plays aquatic sports.
Net worth over time
Real-time ranking
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