⬅ # 598 Justin Ishbia|# 600 Robert Bass

# 599 André Esteves 

$5.10B

Real Time Net Worth
as of 7/12/2024
$3.2M (0.06%)

# 599 André Esteves 

$5.10B

Real Time Net Worth
as of 7/12/2024
$3.2M (0.06%)
OccupationChair, BTG Pactual
Source of WealthBanking
Age56
ResidenceSao paulo, Brazil
Marital StatusMarried
Children3
EducationBS, Universidade Federal do Rio de Janeiro
Age-Adjusted Net Worth$6.69B
André Esteves
André Esteves
Brazil
Net worth: $5.10B

Self-Made Score 

Wealth History

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Biography

Early Life

André Santos Esteves was born on July 12, 1968 in Rio de Janeiro, Brazil
Earned a bachelor's degree in computer science from the Federal University of Rio de Janeiro

Career

Began career as an intern at Brazilian investment bank Pactual
Acquired control of Pactual and sold it to UBS in 2006 for $3.1 billion
Formed Brazilian subsidiary UBS Pactual after the sale
Engineered the sale of UBS Pactual to BTG in 2009 and became chairman and CEO of the new firm
Founded BTG, a global investment company, in June 2008
Repurchased Pactual from UBS for US$2.5 billion in April 2009
Co-founded the Institute of Technology and Leadership (Inteli) in 2021 with Roberto Sallouti, sponsoring it with a donation of US$38 million
Donated to Harvard Business School, resulting in the renovation of Baker Hall, now renamed as Esteves Hall

Controversies

Accused of obstruction of justice in Brazil's Operation Car Wash scandal in 2015
Arrested in November 2015 as part of the Petrobras scandal investigation, released in December 2015
Fully vindicated and acquitted of all charges in July 2018
Fined for insider trading in Italy in April 2012, but case was closed without impact to public offering
Involved in lawsuits, including one in Hong Kong by a former employee alleging fraudulent misrepresentations
Controversies surrounding the acquisition and repurchase of Pactual, including allegations of insider dealings

BTG Pactual

Currently serves as senior partner and chairman at BTG Pactual, the largest investment bank in Latin America
BTG Pactual offers a wide range of financial services including advisory, asset management, wealth management, and proprietary investments
Approximately 70% of BTG Pactual is owned by its partners, fostering long-term alignment of interests

How long would it take you to become as rich as André Esteves?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach André Esteves's net worth of $5.10B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 51.86% compared to 19.03% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

André Esteves is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For André Esteves, Banking is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey