Venezuelan billionaire’s son, 31, is killed by a boat propeller while trying to save his girlfriend
Spanish-Venezuelan billionaire’s son, 31, is killed by a boat propeller after leaping into water to save his fiancée, 30, who was knocked overboard during a fishing competition in the Florida Keys
Juan Carlos Escotet Alviarez, 31, fell off the stern of a 60-foot vessel on SaturdayHe had jumped into the water to save his fiancée, who was accidentally knocked in when the captain stumbled, according to a Venezuelan journalistHe immediately hit the propeller and died from his injuries, Florida officials saidAlviarez is the son of Juan Carlos Escotet, founder of Venezuelan bank BanescoHe was a director of the American unit of the bank, headquartered in Miami
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The son of a Spanish-Venezuelan billionaire was killed in a horrific boating accident in Florida after he was maimed by the vessel’s propeller during a fishing competition when jumped in the water to save his fiancée – who was knocked overboard by the ship’s captain while helping a youngster who had just caught a fish.
Juan Carlos Escotet Alviarez, 31, was swept up in the wake of the 60-foot craft’s motor about six miles off the shore of Key Largo, according to the Florida Fish and Wildlife Conservation Commission.
The banking scion was reportedly trying to save his fiancée, who was bumped into the sea by the captain when he stumbled while trying to help a boy with a fishing rod, Venezuelan journalist Angela Oraá posted on Instagram.
His fiancée, Andrea Montero, 30, survived.
The couple, scheduled to wed in November, were participating in a fishing tournament hosted by the Ocean Reef Club, a gated community.
Alviarez’s father, Juan Carlos Escotet, 62, is the founder of Venezuelan bank Banesco and is worth a reported $3.5 billion, according to Forbes.
The University of Miami graduate was a member of the board of directors of Banesco USA, the American division headquartered in Miami, according to the company’s website.
Juan Carlos Escotet Alviarez, 31, fell from the stern of a 60-foot vessel about six miles off the shore of Key Largo on Saturday afternoon trying to save his fiancee Andrea Montero, 30 (left)
The banking heir appears to have been a fan of competitive fishing, according to an Instagram page that documented his hobby. Above, Alviarez (center in dark blue shirt) with his fiancée Andrea Montero, 30 (center)
He had jumped in to help save his fiancée after she was accidentally knocked into the water when the captain stumbled, according to a Venezuelan journalist
Alviarez’s father, Juan Carlos Escotet, is the founder of Venezuelan bank Banesco and is worth a reported $3.5 billion
The bank said Alviarez had ‘vast experience in real estate development in the Miami area’ and graduated from the private University of Miami.
Two of his brothers also work for the bank, according to Venezuelan newspaper El Nacional.
The banking heir appears to have been a fan of competitive fishing, according to an Instagram page that documented his hobby.
In one photo dated January 31, 2021, he appears alongside his fiancée and other friends aboard a boat named Otoro.
‘Despite the slow fishing this weekend, we had a great time in the #reefcup as always. Still managed to catch two on Friday and one on Saturday. Came in 6th out of 51 boats and second place on Friday’s daily,’ he wrote.
He was one of eight children of Spanish immigrants in Venezuela and got his start as an errand boy at a Venezuelan bank in 1976, according to Bloomberg.
He reportedly has four sons in total, all of whom work at the bank with him.
He began working as a messenger for Banco Union at 17 while he was studying economics, studying at night while working full time.
Aviarez was a graduate of the University of Miami who had ‘vast experience in real estate development’ in the city, according to his biography on Banesco USA’s website
Alviarez and his fiancée, scheduled to wed in November, were participating in a fishing tournament hosted by the Ocean Reef Club, a gated community in Key Largo
‘Banking doesn’t run in my family,’ Escotet told the magazine Mercado de Republica Dominicana. ‘What runs in my family is a lot of education and a lot of perseverance.’
He founded a brokerage firm in 1986, according to Bloomberg, and added banking services in 1991.
In 2001, he merged his bank with Banco Union, which had employed him in college.
Banesco has branches in Venezuela, Spain, the US, Panama, Puerto Rico, Brazil, the Dominican Republic, Colombia, Switzerland, Germany, Portugal, the UK and France.
In 2013, Banesco bought the Spanish bank Abanca for $1.3 billion.
The self-made billionaire has a master’s degree in management from the University of Miami, according to his biography on Abanca’s website.
