Emilio Botin

About Emilio Botin

Birth Day: October 01, 1934
Birth Place: Spain
Died On: 10 September 2014(2014-09-10) (aged 79)\nMadrid, Spain
Birth Sign: Scorpio
Alma mater: University of Deusto
Occupation: Banker
Employer: Santander
Known for: Executive chairman of Grupo Santander
Spouse(s): Paloma O'Shea
Children: Ana Patricia Botín O'Shea Carmen Botín O'Shea Carolina Botín O'Shea Paloma Botín O'Shea Javier Botín O'Shea Emilio Botín O'Shea
Parent(s): Emilio Botín-Sanz de Sautuola López Ana García de los Ríos y Caller
Relatives: Jaime Botín (brother)

Emilio Botin Net Worth

Emilio Botin was born on October 01, 1934 in Spain. Emilio Botin, a fourth-generation banker, became head of Banco Santander in 1986. The bank posted $7.1 billion in net profits in 2011, a 34.6% drop over the prior year, as the Spanish economy tanked and real estate prices continued to fall. Santander wrote down $2.4 billion in Spanish real estate and $792 million in Portuguese goodwill. Banco Santander has over 13,000 branches worldwide; it also has a presence in the U.S., through Sovereign Bank; and in the UK. An early presence in Latin America, the region now contributes 51% to profits. In 2011, Botin's family paid $264.2 million in penalties to avoid charges of tax evasion, related to a secret Swiss bank account of unknown size. Botin's daughter and heir apparent, Ana Botin, runs Banesto, the bank's retail branch. Botin's great-grandfather discovered the famous Altamira caves in northern Spain in 1879. Emilio enjoys golf, hunting and fishing.
Emilio Botin is a member of Finance

💰Emilio Botin Net worth: $1.1 Billion

2010 $1.7 Billion
2011 $1.5 Billion
2012 $1.1 Billion
2018 $1.1 Billion

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Botín was born in Santander, Cantabria, on the northern coast of Spain, the eldest of two sons of Emilio Botín y Sanz de Sautuola, born on 18 January 1903, and Ana María García de los Ríos y Caller. After attending as a boarding student the Jesuit school of Colegio de la Inmaculada, in Gijón, he studied Law and Economics at the University of Deusto in Bilbao.


Botín and his family held undisclosed bank accounts in Switzerland since 1937. Those accounts were discovered by the Spanish tax authorities in 2010. Botín and his family voluntarily settled the case, paying a bill of €200 million. In 2012, Spain's High Court dropped a tax evasion probe for these issues, stating that Botín and his family had satisfied Spanish tax authorities with the €200 million settlement.


In 1986 Botín, then aged 52, took over from his Father as President of the Banco de Santander, one of many banks that existed in Spain at the time. Botín was no newcomer to the banking world. His Father, grandfather and great-grandfather were all Bankers.


Botín was married to the Marquise of O'Shea, and they had six children. His daughter Carmen was married to Golfer Seve Ballesteros from 1988 to 2004.


In 2005 Forbes put Emilio Botín's net worth at $1.7 billion. Botín's eldest daughter, Ana Patricia Botín, was the President of Banesto from 2002 to November 2010 and was the CEO of Santander UK from December 2010 until Emilio's death upon which she was elected his successor as President of Grupo Santander.


During his presidency, Banco Santander was named 2012 'Best bank in the world', the third time that the bank had received this award in the past seven years.


He died on 9 September 2014 of a heart attack in Madrid. Botín was survived by his six children and nineteen grandchilden.