Andre Esteves
André Santos Esteves is a Brazilian billionaire businessman. Among Brazilian billionaires, Esteves is ranked 13th with a net worth of R$9.07 billion.
- Andre Esteves began his career as an intern at Brazilian investment bank Pactual and eventually acquired control of the bank.
- Esteves sold Pactual to Swiss banking giant UBS in 2006 for $3.1 billion, forming the Brazilian subsidiary UBS Pactual.
- In 2009 he engineered the sale of UBS Pactual to investment firm BTG and became chairman of the board and CEO of the new firm.
- He was accused of obstruction of justice for Brazil’s largest corruption scandal, Operation Car Wash, and jailed for almost three weeks in 2015.
- In December 2018, Esteves was acquitted of corruption charges and returned to BTG as one of the controlling partners.
