Andre Esteves
Banking · Sao paulo
Net worth
$10.7B
Today
−$58M−0.54%Past month
−$3.5B−24.54%As of Nov 11, 2026, 1:50 PM EST
Andre Esteves is chairman of Brazilian investment bank, BTG Pactual. Esteves, who started with BTG as an intern, sold the company 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. He was acquitted in 2018 and returned to BTG. BTG Pactual announced plans in 2025 to buyout minority shareholders of Banco Pan at a premium in a bid to make the publicly-traded Brazilian bank a wholly-owned subsidiary.
Net worth over time
Principal holdings
4 positions| Company | Industry | Share | Value |
|---|---|---|---|
Banco BTG Pactual (Common Shares) SAO PAULO: BPAC3-BR | Finance & Investments | 89.9% | $9.6B |
Banco BTG Pactual (Class A Preferred) SAO PAULO: BPAC5-BR | Finance & Investments | 7.4% | $793M |
Private and other holdings | Finance & Investments | 1.5% | $162M |
Allpark Empreendimentos Participacoes e Servicos SAO PAULO: ALPK3-BR | Finance & Investments | 1.1% | $120M |
Also known for
- After he was detained in 2015, Esteves stepped down as CEO and gave up his seat on BTG's board.
“The more well-off entrepreneurs that Brazil has, the better off the country will be.”