Age, Biography and Wiki

Victor Vargas (Víctor José Vargas Irausquín) was born on 28 March, 1952 in Venezuelan, is a Banker. Discover Victor Vargas's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 68 years old?

Popular As Víctor José Vargas Irausquín
Occupation Banker
Age 69 years old
Zodiac Sign Aries
Born 28 March 1952
Birthday 28 March
Birthplace N/A
Nationality Venezuelan

We recommend you to check the complete list of Famous People born on 28 March. He is a member of famous Banker with the age 69 years old group. He one of the Richest Banker who was born in Venezuelan.

Victor Vargas Height, Weight & Measurements

At 69 years old, Victor Vargas height not available right now. We will update Victor Vargas's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Victor Vargas's Wife?

His wife is Carmen Leonor Santaella Tellería (div. 15 May 2014) María Beatriz Hernández (m. 13 June 2014)

Family
Parents Not Available
Wife Carmen Leonor Santaella Tellería (div. 15 May 2014) María Beatriz Hernández (m. 13 June 2014)
Sibling Not Available
Children 5, including Marie Marguerite, Duchess of Anjou

Victor Vargas Net Worth

His net worth has been growing significantly in 2020-2021. So, how much is Victor Vargas worth at the age of 69 years old? Victor Vargas’s income source is mostly from being a successful Banker. He is from Venezuelan. We have estimated Victor Vargas's net worth, money, salary, income, and assets.

Net Worth in 2021 {"name":"Net worth","value":"US$ 720.5 million"}
Salary in 2020 Under Review
Net Worth in 2019 Pending
Salary in 2019 Under Review
House Not Available
Cars Not Available
Source of Income Banker

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Timeline

2019

Vargas and BOD’s goal was to expand the American Express card to 300,000 cardholders with access to 46,000 businesses by 2013. The card would offer a 4-year rotating term financing option.

2015

On June 23, 2015, Vargas was named "Latin America Entrepreneur of the Year" by business magazine The Executive. Concepción Dancausa, one of Spain's delegates to the European Union’s Committee of the Regions, personally gave the award to Vargas at a ceremony in Marid. According to Latin Business Daily, Vargas received the award "for his leadership role in driving economic growth, job creation, and expansion of wealth in Latin America."

On September 1, 2015, Vargas told The Telegraph that he was planning to start a league in the Dominican Republic. Recently, Vargas had moved the headquarters of his club from England to Spain. When asked why, he explained the decision was simple: the rain. "We've played for five weeks here in Spain and had no rain."

2014

In 2014, Vargas and BOD partnered with American Express to provide a new credit product for microentrepreneurs. Microentrepreneurs provide for 15 percent of the Venezuelan economy.

2013

In May 2013, it was alleged that Vargas purchased Cadena Capriles, with its criticism of the Venezuelan government declining afterward.

2012

Vargas served as the technical director of the Venezuelan Olympic Committee for the 2012 Olympic Games in London. On July 20, 2012, Vargas led a delegation from Venezuela to meet with the Olympics’ Organizing Committee and to inspect the Olympic Village in London.

2010

In 2010, overall profitability on bank assets in Venezuela fell to 9.7 percent from 20.5 percent in 2009. Venezuelan bankers were concerned that the Venezuelan Central Bank had not changed commission tariffs in over five years. Vargas served as the leader of the National Bank Board and led discussions with the Superintendencia de Bancos. Vargas proposed that the Central Bank create new requirements for giving loans to strategic sectors as opposed to the then-current law requiring compulsory loan portfolios.

2009

On June 21, 2009, twenty-one of his horses died suddenly during a polo tournament in Palm Beach, Florida. The Lechuza Argentine captain, Juan Martín Nero believed the cause to be tainted Biodyl, a vitamin supplement given to horses to ward off exhaustion, as five of the horses that did not receive it were unaffected. Lechuza was runner-up in the 2009 CV Whitney Cup and won the Cup in 2011.

2008

In 2008, Vargas' bank, Banco Occidental de Descuento (BOD), agreed to buy Banco de Venezuela from its then-owner, Spanish bank Banco Santander. Vargas and his bank officials met with the appropriate finance officials in the Venezuelan government, and the officials approved the purchase. Vargas's BOD then put a $700 million down payment toward the purchase. Soon after, President Hugo Chavez went on national TV and announced he was pushing BOD aside and buying the bank himself, on behalf of the Venezuelan government. BOD lost the $700 million deposit. Banco Santander refused to refund it. A Spanish court ordered the refund, but Spain's equivalent of the Supreme Court overturned that order. Through it all, a 2008 Wall Street Journal article characterized Vargas and Venezuela's other wealthy elites as having "durability...no matter who is in power." Vargas was later assisted by the Venezuelan government for abiding by their policies during the Venezuelan banking crisis of 2009–10, when more than a half-dozen competing private banking institutions were closed.

1992

In 1992 he sold a small bank he founded and owned. He used those funds a year later, in 1993, to buy Banco Occidental de Descuento, based in the oil-rich state of Zulia. Many of his clients are oil investors. Another form of revenue comes from purchasing sovereign debt bonds and re-selling them for profit to investors. As of 2015, it was the 14th largest private bank in Venezuela. He serves as its Vice-President.

1980

In the 1980s, he acquired 2% of CapitalBanc Corp., a bank based in New York City. The bank was closed down in the early 1990s after authorities discovered fraud involving Vargas. He was charged and accused of fraud. He is quoted describing the venture as "the worst business" of his life. He shared his experience in October 2007 when he moderated a panel on corporate governance at a Miami conference of the Florida International Bankers Association and the Latin American Banks Federation.

1952

Victor Vargas (born 28 March 1952) is a Venezuelan banker and businessman, best known for being the owner and president of the 14th largest private bank in Venezuela, Banco Occidental de Descuento.