Juan Carlos Escotet
Juan Carlos Escotet | |
|---|---|
| Born | Juan Carlos Escotet Rodríguez 1959 (age 66–67) Madrid, Spain |
| Education | Andrés Bello Catholic University University of Miami (MS) |
| Occupation | Banker |
| Known for | Founder of Banesco; chairman of Abanca |
| Spouse | María Isabel Alviárez |
| Children | 3 |
| Relatives | Miguel Angel Escotet |
| Website | http://www.juancarlosescotet.org/ |
Juan Carlos Escotet Rodríguez (born 1959) is a Spanish-Venezuelan billionaire banker and the founder of Banesco, the largest private financial institution in Venezuela. He is also CEO and shareholder (80 %) of Spanish bank Abanca, as well as president of Spanish football club Deportivo de La Coruña.[1] As of July 2025, his reported net worth is estimated at US$7.8 billion.[2]
Early life
Escotet was born in Madrid, Spain in 1959[3] as one of eight immigrant children from Spain. He began his work life performing errands for Banco Union in Venezuela in 1976 during which he also attended night school.[4]
He later earned a master's degree in professional management science from the University of Miami School of Business at the University of Miami in Coral Gables, Florida.[2][3]
Career
After earning his MBA, Escotet worked as an executive for Sociedad Financiera Latinoamericana and then creating his own financial group.[4] In the 1990s, Escotet bought out Venezuelan financial institutions that were then going through a financial and banking crisis. He also set up his own establishment in Panama.[4] Escotet founded Banesco, which is now the largest private financial institution in Venezuela. In 2000, Banco Union was absorbed into Banesco in a merger agreement.[4][2] He owns other branches in Miami, Panama, Colombia, Curaçao, the Dominican Republic and Puerto Rico.[4]
In 2015, Escotet acquired Spain-based NCG Banco, which was later renamed Abanca.[5]
Personal life
Escotet is married, with three children, and lives in A Coruña, Spain.[2]
References
- ↑ "Juan Carlos Escotet, propietario de Abanca y cuarta fortuna española, se sienta en el palco del Deportivo". El País. Retrieved 10 July 2024.
- 1 2 3 4 "Forbes profile: Juan Carlos Escotet". Forbes. Retrieved 18 July 2025.
- 1 2 "ABANCA - Shared Values". www.abancacorporacionbancaria.com. Retrieved 2 April 2018.
- 1 2 3 4 5 Cuadros, Alex (19 December 2012). "Venezuelan Billionaire Seen Benefiting From Socialism". Bloomberg. Retrieved 19 May 2016.
- ↑ Marco, José Luis. "Escotet convierte a Abanca en el Ave Fénix de la banca rescatada en España". CapitalMadrid. Retrieved 5 October 2019.
External links