Enrique Banuelos

About Enrique Banuelos

Birth Day: February 14, 1966
Birth Place: Spain
Birth Sign: Pisces
Residence: Valencia, Spain
Alma mater: Universitat de València
Occupation: Businessman Real estate developer
Known for: Founder of Astroc Mediterraneo
Board member of: Veremonte, AGRE S.A.
Children: 2

Enrique Banuelos Net Worth

Enrique Banuelos was bornon February 14, 1966 in Spain. Enrique Banuelos is betting everything he has on two megaprojects: BCN World, a casino playground outside of Barcelona, and Formula E, a Formula 1-style racing circuit with only electric cars. BCN World got a stroke of good luck when billionaire Sheldon Adelson cancelled his plan to invest more than $30 billion to build EuroVegas, a rival casino project slated for Madrid. Fellow investors in Formula E include Wycliffe Grousbeck, co-owner of the Boston Celtics and Valentin Bukhtoyarov, a Russian coal magnate. Banuelos built his original fortune through real estate company Astroc Mediterraneo S.A., which debuted on the Spanish stock exchange in 2006, launching him on the Forbes Billionaires List in 2007 with a net worth of $7.7 billion. He lost $6.4 billion within a year as Spain's real estate market collapsed. After the crash he retreated to his castle on Mallorca, the the luxurious Mediterranean island off the coast of Spain, where he planned the reinvention of his career.
Enrique Banuelos is a member of Real Estate

💰 Net worth: $1 Billion

2010 $1.5 Billion
2011 $1.4 Billion
2012 $1.5 Billion
2013 $1 Billion
2014 $1 Billion
2018 $1 Billion

Some Enrique Banuelos images

Biography/Timeline

1966

Bañuelos was born in Sagunto, Valencia (Spain) on 14 February 1966. When he was 9 years old, his Father died in an accident in the steelworks where he worked.

2006

Bañuelos gained degrees in Law and Business Studies and set up his first company (dealing in honey and its by-products) at the age of 16. His real estate group was set up in the Mediterranean region and developed some 17,400,000m2, building around 50,000 properties, aimed at middle class buyers as second homes (average prices for these properties were around 120,000euros). 2006 saw the merger of several of his companies and the creation of ASTROC. The property and financial crises brought about the sale of ASTROC and a new focus for Bañuelos´ activities in international markets.

2007

In 2007 a lawsuit was filed by Lawyer Felipe Izquierdo against Enrique Bañuelos for his management of Astroc. This was rejected by the Spanish National Court.

2008

In 2008, Bañuelos entered the Brazilian market, acquiring shares in AGRA, a Brasil Stock Exchange listed real estate company. In 2009 he bought into Abyara and Klabin Segal (both also listed), merging the 3 companies to create the AGRE S.A., the leading real estate group in sales. At the same time, Bañuelos has joined forces with the French chain Accor and the Arab group Jumeirah to invest in the hotel industry in Brazil, host of the 2016 Olympic Games.

2009

In March 2009 Enrique Bañuelos was cleared of charges of the possible use of inside information regarding a possible takeover bid for Fadesa, as it was considered that the economic press had already published articles relating to the issue.

2010

The Valencian Entrepreneur also has interests in other sectors within Brazil; in 2010 he plans to invest 2 billion (2,000,000,000) Brazilian reals (some 880 million euros) in assets and businesses in the Health care, Energy, infrastructures, environmental and food industries.