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Grizzly Bulls’ Billionaires Index

⬅ # 299 Piero Ferrari|# 301 Ken Langone ➡

# 300 Jaime Gilinski Bacal 

$8.60B

Real Time Net Worth
as of 7/25/2024
$10.1M (0.12%)

# 300 Jaime Gilinski Bacal 

$8.60B

Real Time Net Worth
as of 7/25/2024
$10.1M (0.12%)
OccupationInvestor
Source of WealthBanking
Age66
ResidenceLondon, United Kingdom
Marital StatusMarried
Children4
EducationMBA, Harvard Business School
Age-Adjusted Net Worth$5.73B
Jaime Gilinski Bacal
Jaime Gilinski Bacal
Colombia
Net worth: $8.60B

Self-Made Score 

Wealth History

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Biography

Early Life

Jaime Gilinski Bacal, born on December 14, 1957, is a Colombian banker and real estate developer.
He is the son of Isaac Gilinski Sragowicz, a banker, and grandson of Lithuanian Jewish immigrants.
Gilinski earned a BS in Industrial Engineering from Georgia Tech in 1978 and an MBA from Harvard Business School in 1980.

Banking Ventures

In the 1990s, Gilinski acquired the Colombian assets of BCCI after its global collapse, renaming it Banco Andino.
He later sold Banco Andino for a reported $70 million after making it one of the most efficient banks in Colombia.
The Gilinski Group purchased Banco de Colombia for $365 million, later selling control to Banco Industrial Colombiano in a deal valued at $800 million.
In 2003, Gilinski merged Banco Sudameris and Banco Tequendama to create GNB Sudameris, one of Colombia's largest private banks.
He acquired HSBC's Latin American operations for $400 million, and became Banco Sabadell's largest shareholder through a $500 million investment.
Gilinski owns businesses such as Yupi, a snack food company, and Rimax Plastics, founded by his father.

Investment Strategies

In partnership with others, Gilinski launched takeover bids for Grupo Nutresa and Grupo Sura, becoming a major shareholder in both.
The market capitalization of Grupo Nutresa stands at US$6 billion as of 2023.
He became the largest shareholder of Metro Bank, increasing his stake to 9% in 2020 and controlling around 53% by October 2023.
The Gilinski Group also owns Rimax Plastics, a company founded by his father Isaac Gilinski.
In 2019, he became the largest shareholder of Metro Bank, upping his interest to 6.1%.
In December 2019, Gilinski became the largest shareholder of Metro Bank, after upping his interest in the business to 6.1%.

Real Estate Ventures

Gilinski partnered with London & Regional Properties to develop Panama Pacifico, a business and residential project in Veracruz, Panama.
The project, based on the former Howard Air Force Base, covers 2,750 acres, making it one of the largest developments globally.
He is also redeveloping a former U.S. Air Force base alongside the Panama Canal with British billionaire brothers Ian and Richard Livingstone.

Personal Life

His primary residence is in London, but he also owns properties in New York, Panama, Miami, and Colombia.
Jaime Gilinski is married to Raquel Gilinski, and they have four children.

Philanthropy

In the 1990s, the Gilinski family contributed US$8 million to Fundacion Santa Fe, supporting healthcare in Bogotá.
Jaime Gilinski chairs Capital Projects for The Chabad House at Harvard University and supports the David Rockefeller Center for Latin American Studies.
He and his wife established the Jaime and Raquel Gilinski Fellowship at Harvard Business School, supporting MBA students from Colombia and Panama.
In 2022, they made a multimillion-dollar commitment to Mount Sinai Health System for women's health projects.

How long would it take you to become as rich as Jaime Gilinski Bacal?

If you started with $10,000 and invested an additional $500 each month at a 44.11% CAGR, it would take you 5 years to reach Jaime Gilinski Bacal's net worth of $8.60B.

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 52.22% compared to 16.62% for the S&P 500 benchmark.

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

Jaime Gilinski Bacal 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 Jaime Gilinski Bacal, 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