The son of a Spanish-Venezuelan billionaire has died in a horrific boating accident in Florida after he was maimed by the ship’s propeller during a fishing competition when he jumped into the water to save his fiancée, who was thrown overboard by the ship’s captain while helping a fisherman. the boy who just caught a fish.
According to the Florida Fish and Wildlife Conservation Commission, 31-year-old Juan Carlos Escotet Alviarez was blown away by the engine of a 60-foot boat about six miles off the coast of Key Largo.
The bank scion was reportedly trying to save his fiancée, who was pushed into the sea by the captain when he tripped while trying to help a boy with a fishing rod, Venezuelan journalist Angela Oraa wrote on Instagram.
His fiancee, 30-year-old Andrea Montero, survived.
The couple, whose wedding is scheduled for November, participated in a fishing tournament organized by the Ocean Reef Club.
Alviarez’s father, 62-year-old Juan Carlos Escot, is the founder of the Venezuelan bank Banesco and is worth an estimated $3.5 billion, according to Forbes.
The University of Miami alumnus was on the board of directors of Banesco USA, the US division headquartered in Miami, according to the company’s website.
Juan Carlos Escotete Alviarez, 31, fell off the stern of a 60-foot boat about six miles off the coast of Key Largo on Saturday afternoon while trying to save his fiancée, Andrea Montero, 30 (left).
Based on an Instagram page documenting his hobby, the banking heir appears to have been a fan of competitive fishing. Above Alviarez (centre in a navy blue shirt) with his fiancée Andrea Montero, 30 (centre)
According to a Venezuelan journalist, he jumped in to help save his fiancée after she accidentally fell into the water when the captain stumbled.
The bank said Alviarez has “extensive experience in real estate development in the Miami area” and graduated from the private University of Miami.
According to the Venezuelan newspaper El Nacional, his two brothers also work in a bank.
Alviarez’s father, Juan Carlos Escotet, is the founder of the Venezuelan bank Banesco and is worth an estimated $3.5 billion.
Based on an Instagram page documenting his hobby, the banking heir appears to have been a fan of competitive fishing.
One photo, dated January 31, 2021, shows him along with his fiancée and other friends aboard a boat called the Otoro.
“Despite the slow fishing this weekend, we had a great time at #reefcup as always. I also managed to catch two on Friday and one on Saturday. Ranked 6th out of 51 boats and second in Friday’s daily edition,” he wrote.
Alviarez’s father, Juan Carlos Escotet, was born in Madrid in 1959 and grew up as one of eight children of Spanish immigrants in Venezuela.
He began working as a messenger for Banco Union in 1976 at the age of 17 while studying economics in the evenings.
“Banking is not in my family,” Ascot told Mercado de Republica Dominicana magazine. “My family has a lot of education and perseverance.”
Aviares often took to Instagram to show off his catch and his passion for fishing.
According to his biography on the Banesco USA website, Aviares was a graduate of the University of Miami and had “extensive experience in real estate development” in the city.
The banker and his fiancée Andrea, who survived a fall into the water on Saturday, were due to marry in November.
Alviarez and his fiancée, whose wedding is scheduled for November, participated in a fishing tournament organized by the Ocean Reef Club in Key Largo.
He founded a brokerage firm in 1986 and added banking services in 1991 before expanding to Panama the following year, according to Bloomberg.
In 2001, he merged his bank with Banco Union, where he worked in college.
Banesco has subsidiaries in Venezuela, Spain, USA, Panama, Puerto Rico, Brazil, Dominican Republic, Colombia, Switzerland, Germany, Portugal, UK and France.
Banesco bought Spanish bank Abanca in 2013 for $1.3 billion.
According to his biography on the Abanca website, the self-made billionaire holds a master’s degree in management from the University of Miami.
He is also on the board of directors of the Spanish Confederation of Savings Banks or CECA.