With a fortune of 5.2 billion dollars, the Colombian David Vélez, 39 years old and founder of Nubank, ranked No. 539 in the most recent list of millionaires in the Forbes Magazine.
(You may be interested in: The digital bank that arrives in the country with cards without a handling fee ‘).
According to the publication, Vélez, born in Medellín (Antioquia) but whose residence is based in Sao Paulo (Brazil), has built his fortune in the field of fintech (financial technology) and from personal business.
He has a bachelor’s degree in science from Stanford University and a master’s degree in business administration from the Business School of the same academic center.
He is co-founder and CEO of digital bank Nubank, based in Sao Paulo. The entity, created in 2013 and offering credit cards, checking accounts and life insurance, is valued at $ 25 billion and has 35 million customers in Brazil, Mexico and Colombia.
(Besides: Colombia, among the fastest growing countries in the region).
According to Forbes, Vélez – who 30 years ago left Colombia with his family to escape the violence unleashed by drug trafficking in the country – began Nubank after realizing that five Brazilian banks controlled 80 percent of the market and charged high fees to their customers for basic financial products.
before Nubank, the Colombian worked in investment banking at Morgan Stanley, private equity at General Atlantic and venture capital at Sequoia.
In the Forbes list, Vélez is the second of a group of seven Colombian billionaires.
ECONOMY AND BUSINESS
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