Enrique Banuelos Net Worth is$1 Billion
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Profession: Businessperson
Nationality: Spain
Date of Birth: 1966-02-14
Place of Birth: Sagunto
Enrique Banuelos Net Worth: Enrique Banuelos is a Spanish businessman and entrepreneur who has a net worth of $1 billion. Mr. Banuelos joined billionaire ranks few years earlier with the formation of real estate firm Astroc Mediterraneo S.A. Actually, it was one year after the company's debut on the Spanish stock exchange in 2006 when Banuelos became a billionaire with a net worth of $7.7 billion. But within a year, he lost $6.4 billion amid talks of inflated earnings and a cooling property market in Spain. Luckily, Spain's highest court freed Banuelos of any malfeasance having to do with his company's fall. Since, he has been reinventing himself in Brazil and he continued to be active in real estate through Quabit Inmobiliaria S.A. In 2011, he was the one to merge Brazilian real estate group Agre Empreendimentos Imobiliarios S.A. with PDG Realty, one of the largest builders in Brazil. Also, he turned his Brazilian agribusinesses into a group called Vanguarda Agro. However, Banuelos has since exited both companies. Today, he is staking his fortune on two major projects: Barcelona World, a casino and tourist stop he is marketing as the next Monaco; and Formula E racing, an attempt to create a Formula 1-style international racing championship with electric cars.
Enrique Ba??uelos de Castro is a Spanish businessman and entrepreneur. Ba??uelos is one of twelve Spanish nationals to hold the position of being listed in Forbes World's Billionaires ranking (n?? 655 in 2010). As of 2013 he was the 1342th richest person in the world, with a net worth of $1 billion.

Ba??uelos 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.
Ba??uelos 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 Ba??uelos?? activities in international markets.
Ba??uelos is married with two children.
In 2008, Ba??uelos 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, Ba??uelos 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.
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 healthcare, energy, infrastructures, environmental and food industries.
In March 2009 Enrique Ba??uelos was cleared of charges of the possible use of inside information regarding a possible takeover bid for Fadesa, as

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Enrique Banuelos Latest News

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Posted: July 4, 2011, 6:24 pm
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