Spanish banker Emilio Botin has an estimated net worth of $1.1 billion. He earned his net worth as the Executive Chairman of Spain’s Grupo Santander in 1986. His bank absorbed Banco Espaol de Crdito (Banesto) in 1993 and it united with Banco Central Hispano in 1999. The merging of both banks created the Banco Santander Central Hispano (BSCH) that became Spain’s biggest bank. BSCH acquired the British bank, Abbey National, in 2004. This made BSCH the second-largest bank in Europe by market capitalization. The bank now has over 13,000 divisions around the world including the U.S. through Sovereign Bank and inside the UK. Using its early presence in Latin America, the banks in the region now contribute 51% to profits.
Emilio Botin Net Worth $1.1 Billion
In 2011, the bank posted $7.1 billion in net profits, a 36.4% drop over the previous year as the Spanish market fell and real estate costs continued to fall.
Born Emilio Botn-Sanz de Sautuola y Garca de los Ros on October 1, 1934 in Santander, Cantabria, Spain, he is the eldest of both sons. He came from a family of bankers. He’s well known for his fixation with growth and performance in addition to regularly visiting divisions. In July 2008, he was named the Best Bank on earth by Euro-money magazine. As of March 2012, he is #1075 in The Forbes Billionaires and #12 in Spain. His daughter and apparent heir, Ana, runs Banesto, the bank’s retail division.