Enrique Bañuelos Net Worth

What is Enrique Banuelos' Net Worth?

Enrique Banuelos is a Spanish businessman and entrepreneur who has a net worth of $1 billion. Mr. Banuelos joined billionaire ranks few years earlier with the formation of real estate firm Astroc Mediterraneo S.A. Actually, it was one year after the company's debut on the Spanish stock exchange in 2006 when Banuelos became a billionaire with a net worth of $7.7 billion. But within a year, he lost $6.4 billion amid talks of inflated earnings and a cooling property market in Spain. Luckily, Spain's highest court freed Banuelos of any malfeasance having to do with his company's fall. Since, he has been reinventing himself in Brazil and he continued to be active in real estate through Quabit Inmobiliaria S.A.

In 2011, he was the one to merge Brazilian real estate group Agre Empreendimentos Imobiliarios S.A. with PDG Realty, one of the largest builders in Brazil. Also, he turned his Brazilian agribusinesses into a group called Vanguarda Agro. However, Banuelos has since exited both companies. Today, he is staking his fortune on two major projects: Barcelona World, a casino and tourist stop he is marketing as the next Monaco; and Formula E racing, an attempt to create a Formula 1-style international racing championship with electric cars.