With a fortune of 5.2 billion dollars, the Colombian David Vélez, 39 years old and founder of Nubank, ranked 539th on the latest list of millionaires in Forbes Magazine.
(You may be interested in: Digital bank arriving in the country with cards without handling fee ‘).
According to the publication, Vélez, born in Medellín (Antioquia), but whose residence is established in Sao Paulo (Brazil), built his fortune in the field of fintech (financial technology) and personal business.
He has a bachelor of science degree from Stanford University and an MBA from Stanford University School of Business.
He is the co-founder and CEO of the digital bank Nubank, based in Sao Paulo. The entity, created in 2013 and offering credit cards, checking accounts and life insurance, is valued at $ 25,000 million and has 35 million customers in Brazil, Mexico and Colombia.
(What’s more: Colombia, among the countries in the region that would grow the most).
According to Forbes, Vélez – who left Colombia with his family 30 years ago to escape the violence caused by drug trafficking in the country – has begun Nubank after realizing that five Brazilian banks controlled 80% of the market and charged customers high commissions for commodities.
Before Nubank, the Colombian worked in banking investments at Morgan Stanley, private equity at General Atlantic and venture capital at Sequoia.
On the Forbes list, Velez is second in a group of seven Colombian billionaires.
ECONOMY AND BUSINESS
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