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PROFILE
David Velez & family
$6.8B
$119M (1.71%)
Real Time Net Worth
as of 9/21/23
#369 in the world todayReflects change since 5 pm ET of prior trading day.
Photo by Gabriel Rinaldi/The Forbes Collection
About David Velez & family
- V?lez is cofounder and CEO of Nubank, a Sao-Paulo based digital bank that offers credit cards, checking accounts and life insurance.
- Founded in 2013, Nubank went public as Nu Holdings on the New York Stock Exchange in December 2021; it has 35 million customers in Brazil, Mexico and Colombia.
- V?lez started Nubank after seeing that five Brazilian banks controlled 80% of the market and charged high fees for basic financial products.
- Before Nubank, he did stints in investment banking at Morgan Stanley, private equity at General Atlantic and venture capital at Sequoia.
- V?lez was born in Medellin, Colombia. He and his family fled to Costa Rica when he was nine to escape violence caused by warring drug cartels.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Forbes Lists
Personal Stats
- Age
- 41
- Source of Wealth
- Fintech, Self Made
- Residence
- Sao Paulo, Brazil
- Citizenship
- Colombia
- Marital Status
- Married
- Education
- Master of Business Administration, Stanford Graduate School of Business; Bachelor of Science, Stanford University
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