Enrique Banuelos’s profile picture

Enrique Banuelos

Enrique Banuelos’s profile picture
Net worth 2018: $1 Billion
Industry: Real Estate
Country: Spain
BirthDay: 14 February 1966
Sigh: Pisces
Children: 2
BIOGRAPHY

Enrique Banuelos was bornon 14 February 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.

NET WORTH STATISTIC
2010

$1.5 Billion

2011

$1.4 Billion

2012

$1.5 Billion

2013

$1 Billion

2014

$1 Billion

2018

$1 Billion

TIMELINE
2016

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

2013

As of 2013 he was the 1342th richest person in the world, with a net worth of $1 billion

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 healthcare, energy, infrastructures, environmental and food industries

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

2008

In 2008, Bañuelos entered the Brazilian market, acquiring shares in AGRA, a Brasil Stock Exchange listed real estate company

2007

In 2007 a lawsuit was filed by lawyer Felipe Izquierdo against Enrique Bañuelos for his management of Astroc

2006

2006 saw the merger of several of his companies and the creation of ASTROC

1966

Bañuelos was born in Sagunto, Valencia (Spain) on 14 February 1966

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