| Net Worth | $4.3 billion |
|---|---|
| Salary | – |
| Birthdate | 1969 |
| Birthplace | Brazil |
| Gender | Male |
| Height | – |
| Profession | Banker |
| Nationality | Brazilian |
What is Andre Esteves’ Net Worth?
Andre Esteves is a Brazilian banker with a net worth of $4.3 billion.
Highlights
– Andre Esteves has a net worth of $4.3 billion.
– He is the Chief Executive of BTG Pactual, a multinational investment bank.
– Esteves started his career at the investment bank Puctual and worked his way up to become a partner.
– In 2006, Esteves sold Pactual to Swiss bank UBS for $3.1 billion and later founded BTG.
– BTG acquired UBS Pactual in 2009, and Esteves now serves as Chief Executive and controlling shareholder.
Early Life
Andre Esteves, born Andre Santos Estevas in 1969, began accumulating his wealth while studying mathematics at the Federal University of Rio de Janeiro. During this time, he was hired as an intern in the IT Department of the investment bank Puctual, under the guidance of banker Luis Cesar Fernandes. Despite Brazil’s hyperinflation, Esteves excelled as a trader.
Career
Esteves swiftly progressed in his career at Puctual, eventually becoming one of the five partners. In 1999, he assumed leadership of the business. In 2006, Pactual was sold to Swiss bank UBS for $3.1 billion, resulting in Esteves being listed as a billionaire. Following his departure from UBS in 2008, he founded BTG, an asset and investment company.
The next year, BTG acquired UBS Pactual, and Esteves currently holds the positions of Chief Executive and controlling shareholder.
Personal Life
Information about Andre Esteves’ personal life is not publicly available.
Net Worth Over Time
Andre Esteves’ net worth has seen substantial growth throughout his career. Starting with his success as a trader, Esteves accumulated wealth during his tenure at Puctual. The sale of Pactual to UBS in 2006 propelled him into billionaire status. Since then, with the establishment and growth of BTG, his net worth has continued to rise.
Components of Net Worth
Esteves’ net worth primarily consists of his ownership stake in BTG Pactual and its subsidiaries. As the Chief Executive and controlling shareholder, the success and value of these entities contribute to his overall net worth. Additional assets and investments acquired throughout his career may also contribute to his wealth.