Emilio Botin’s profile picture

Emilio Botin

Emilio Botin’s profile picture
Net worth 2018: $1.1 Billion
Industry: Finance
Country: Spain
BirthDay: 1 October 1934
Sigh: Scorpio
Died On: 10/09/2014
Children: 6
Education: Bachelor of Arts / Science, University of Duesto
BIOGRAPHY

Emilio Botin was bornon 1 October 1934 in Spain. Emilio Botin, a fourth-generation banker, became head of Banco Santander in 1986. The bank posted $7.1 billion in net profits in 2011, a 34.6% drop over the prior year, as the Spanish economy tanked and real estate prices continued to fall. Santander wrote down $2.4 billion in Spanish real estate and $792 million in Portuguese goodwill. Banco Santander has over 13,000 branches worldwide; it also has a presence in the U.S., through Sovereign Bank; and in the UK. An early presence in Latin America, the region now contributes 51% to profits. In 2011, Botin's family paid $264.2 million in penalties to avoid charges of tax evasion, related to a secret Swiss bank account of unknown size. Botin's daughter and heir apparent, Ana Botin, runs Banesto, the bank's retail branch. Botin's great-grandfather discovered the famous Altamira caves in northern Spain in 1879. Emilio enjoys golf, hunting and fishing.

NET WORTH STATISTIC
2010

$1.7 Billion

2011

$1.5 Billion

2012

$1.1 Billion

2018

$1.1 Billion

TIMELINE
2014

He died on 9 September 2014 of a heart attack in Madrid

2012

In 2012, Spain's High Court dropped a tax evasion probe for these issues, stating that Botín and his family had satisfied Spanish tax authorities with the €200 million settlement

2010

Those accounts were discovered by the Spanish tax authorities in 2010

2004

In 2004, BSCH acquired the British bank Abbey National, making BSCH the second largest bank in Europe by market capitalisation

2002

Botín's eldest daughter, Ana Patricia Botín, was the President of Banesto from 2002 to November 2010 and was the CEO of Santander UK from December 2010 until Emilio's death upon which she was elected his successor as President of Grupo Santander

1993

In 1993 his bank absorbed Banco Español de Crédito (Banesto), and in 1999 it merged with Banco Central Hispano creating Banco Santander Central Hispano (BSCH), which became Spain's largest bank, of which he was co-president with Central Hispano's José María Amusategui, until Amusategui retired in 2002

1988

His daughter Carmen was married to golfer Seve Ballesteros from 1988 to 2004

1986

In 1986 Botín, then aged 52, took over from his father as president of the Banco de Santander, one of many banks that existed in Spain at the time

1937

Botín and his family held undisclosed bank accounts in Switzerland since 1937

1934

Emilio Botín-Sanz de Sautuola y García de los Ríos (1 October 1934 – 10 September 2014) was a Spanish banker

1903

Botín was born in Santander, Cantabria, on the northern coast of Spain, the eldest of two sons of Emilio Botín y Sanz de Sautuola, born on 18 January 1903, and Ana María García de los Ríos y Caller

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