André Esteves
| André Esteves | |
|---|---|
| Born | 1967/1968 (age 48–49) Rio de Janeiro, Brazil |
| Residence | Sao Paulo, Brazil |
| Alma mater | Federal University of Rio de Janeiro |
| Net worth | US$ 2.2 billion (October 2015) |
| Spouse(s) | Lillian Esteves |
| Children | 3 |
André Santos Esteves (born 1967/68) is a Brazilian billionaire businessman. He was ranked by The Forbes World's Billionaires as #628 with a net worth of US$2.2 billion. Among Brazilian billionaires, Esteves is ranked as #13 with a net worth of R$9.07 billion.
André Esteves was born into a middle-class family in Rio de Janeiro, and obtained his Bachelor's degree in computer science from the Federal University of Rio de Janeiro. Esteves has three children, and The New York Times writes that "he has driven the same Mercedes pickup for four years and takes only two weeks of vacation a year." Andre Esteves owns a Dassault Falcon private jet worth $50 million USD. When interviewed about his downtime, "Esteves professes a love of his job, though he also enjoys cinema, wine and good food."
After graduating from the Federal University of Rio de Janeiro, André Esteves joined Pactual and within "a year he was a member of the bank's foreign debt trading team, and within two he was managing IPOs and M&A deals." In 1992, Esteves made a partner for helping the bank "to post a 59 percent return on capital".UBS purchased Pactual in December 2006, and in June 2008, Esteves left the bank along with key Brazilian partners to create BTG, a global investment company. In April 2009, Esteves, along with other partners, purchased Pactual back from UBS for $2.5 billion. He discussed these events in 2013 in an interview for the Creating Emerging Markets project at the Harvard Business School. Andre Esteves arrives at his office as early as 6:30 AM and "often calls partners together for meetings as late as 10:00 p.m." He also holds regular study meetings with BTG Pactual directors at his home.
James Crombie of LatinFinance writes that "Esteves supports education and environmental charities". André Esteves has also supported initiatives, projects and institutions that help to improve education, healthcare and promote arts in Brazil. Institutions like the Universidade de São Paulo, the "Hospital de Câncer de Barretos" and the Museu de Arte Moderna de São Paulo are among those supported by Esteves BTG Pactual as CEO. He is a board member of Conservation International." André Esteves has also donated to Harvard Business School, in order that Baker Hall might be renovated; it will be renamed Esteves Hall, in honour of him. This Harvard dormitory is used by many international students, especially those from Esteves' home country, Brazil.
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