What is Jamie Gilinski Bacal's Net Worth?
Jamie Gilinski Bacal is a prominent Colombian banker and real estate developer with an impressive net worth of $3.2 billion. Born on December 14, 1957, Gilinski transformed his father's wealth into a substantial financial empire. After his education, which includes a BS in Industrial Engineering from Georgia Institute of Technology and an MBA from Harvard Business School, he started his career at Morgan Stanley in the M&A unit.
Banking Success Story
Upon returning to Colombia in the 1990s, Gilinski purchased the Colombian assets of Bank of Credit and Commerce International (BCCI) at a nominal price. Renaming it Banco Andino, he developed it into one of Colombia's most efficient banks, eventually selling it for a substantial profit of $70 million.
In collaboration with George Soros as an investor, Gilinski replicated his success with Banco de Colombia. By the early 2000s, he merged the two banks to form Banco GNB Sudameris. This new entity expanded further by acquiring HSBC's Latin American operations in 2012 for $400 million.
Real Estate Ventures
In addition to his banking achievements, Gilinski is also a renowned real estate developer. He is a key player in the development of Panama Pacifico, a massive 2,750-acre project in the suburbs of Panama City, in partnership with the Livingstone brothers' London & Regional Properties.
Philanthropic Efforts
Gilinski is also widely recognized for his philanthropic endeavors. He actively supports various foundations, including Fundacion Santa Fe, the Chabad House at Harvard, and the David Rockefeller Center for Latin American Studies at Harvard. Together with his wife, Raquel, he established the Jaime and Raquel Gilinski Fellowship at Harvard Business School, providing MBA scholarships to students from Latin America.
