Juan Carlos Escotet Net Worth

Juan Carlos Escotet is a Venezuelan entrepreneur and founder of the Caracas-based banking group Banesco. He began his financial career at Banco Union at the age of 17, and in 1986 founded Casa de Bolsa Escotet Valores, a brokerage house. In 2001, he merged his bank with Banco Union, and over the years expanded to offer insurance. In 2013, Banco Etcheverria, which Escotet purchased for $90 million in 2012, bought Spanish bank Abanca for $1.3 billion. Banesco has arms in Panama, the Dominican Republic, Puerto Rico, Colombia and the United States, and owns Banesco Seguros, an insurance company in Venezuela. Escotet enjoys running and aquatic sports, and his four grown sons all work with him at Banesco.
Juan Carlos Escotet is a member of Finance and Investments

Age, Biography and Wiki

Birth Year 1959
Birth Place Caracas, Venezuela, Venezuela
Juan Carlos Escotet age 64 YEARS OLD
Residence Caracas, Venezuela
Alma mater Universidad Catolica Andres Bello University of Miami
Known for Founder, Banesco
Spouse(s) married
Children 4

💰 Net worth: $4.3 Billion (2024)

Juan Carlos Escotet, a renowned figure in the world of finance and investments in Venezuela, is projected to have a net worth of $4.3 billion by 2024. With his extensive knowledge and expertise in the field, Escotet has successfully built a substantial fortune over the years. This achievement serves as a testament to his ability to navigate the complexities of the Venezuelan financial market and make sound investment decisions. As a prominent figure in the industry, Escotet's net worth places him among the wealthiest individuals in Venezuela, showcasing his remarkable financial acumen.

2013 $1.4 Billion
2014 $1.5 Billion
2015 $3.3 Billion
2016 $3.7 Billion
2017 $3.7 Billion
2018 $4.43 Billion

Some Juan Carlos Escotet images



Juan Carlos Escotet was born in Madrid in 1959. Escotet, one of eight immigrant children from Spain, first began to work doing errands for a bank in Venezuela in 1976. He was in night school while working full-time at Banco Union. He later earned a master's degree in professional management science from the University of Miami.


Following his schooling, Escotet worked as an executive for Sociedad Financiera Latinoamericana, working towards his own financial group. In the 1990s, Escotet gathered enough money to buyout Venezuelan financial institutions going through the banking crisis and set up his own Panama establishment. Escotet founded Banesco and in 2000, merged Banco Union with his company. He owns other branches in Miami, Panama, Colombia, Curacao, the Dominican Republic and Puerto Rico. In 2015, he acquired Abanca in Spain.