What is Alberto Alcocer's Net Worth?
Alberto Alcocer is a prominent Spanish businessman and financier, boasting an impressive net worth of $1.1 billion. Alongside his cousin Alberto Cortina, he co-owns Alcor Holding, a well-established investment company. His 50% stake in this company has solidified his position among the world's billionaires this year.
The Rise of Alcor Holding
Founded with the shared vision of Alberto Alcocer and Alberto Cortina, Alcor Holding has been instrumental in numerous significant business ventures. Their combined expertise and business acumen have turned Alcor Holding into a powerhouse in the investment sector.
Participation in FCC
Beyond their investment company, Alcocer and Cortina were deeply involved with Construcciones y Contratas (now called FCC). Both cousins married the daughters of the company's founder, which enabled them to gain control over the firm in the early 1970s. This control remained until their marriages ended in 1989.
Venturing into Banking
After their involvement in FCC, Alcocer and Cortina directed their focus towards banking, specifically Banco Zaragozano. Their strategic management skills saw the bank flourish under their stewardship. Eventually, in 2004, they sold their mutual 40% stake to the international banking giant Barclays, further boosting their substantial wealth.
