What Is Luis Enrique Yarur Rey’s Net Worth?

Luis Enrique Yarur Rey is a Chilean businessman and banker with a net worth of $1.5 billion, making him one of the wealthiest people in the world.

Rey’s wealth is derived from his 42% stake in Empresas Juan Yarur S.A.C., a holding company involved in banking, insurance, and food processing. He also holds a 54% stake in Banco de Crédito e Inversiones (BCI), the leading bank in Chile.

Rey inherited his stake in BCI from his uncle in 1991 and served as the bank’s CEO for 11 years. He currently serves as its Chairman. Rey is also Vice-president of the Chilean Association of Banks and Financial Institutions (ABIF).

Over the years, Luis Enrique Yarur Rey has been one of the top 10 richest people in Chile.

Luis Enrique Yarur Rey’s Education

Luis Enrique Yarur Rey was born in 1951 in Chile. He earned a law degree from the University of Navarra, Spain, then he enrolled at the IESE Graduate Business School (also in Spain), graduating with a master’s degree in business administration and economics.

Juan Yarur Lolas and BCI

Juan Yarur Lolas, the great-uncle of Luis Enrique Yarur Rey, founded Banco de Crédito e Inversiones (BCI) in 1937. BCI is the fourth-largest bank in Chile in terms of the number of customers, with over 300 branches throughout Chile and Florida, and even one in Antarctica. It has over $79 billion in assets. Juan’s son, Jorge Yarur Banna, served as President of BCI from 1954 until 1991, and Luis joined the bank’s Board of Directors in October 1991. He served as BCI’s CEO for 11 years and is currently the bank’s Chairman.

Rey is a member of the Board’s Executive Committee as well as the Innovation and Technology Committee, Ethics Committee, Finance and Corporate Risk Committee, Human Resources and Corporate Culture Committee, and Corporate Governance and Corporate Social Responsibility Committee. He also joined the ESE Graduate Business School of the University of Los Andes’ Business Advisory Board and the Center for Public Studies’ board, and he is the Vice-president of the Chilean Association of Banks and Financial Institutions.

In 2015, BCI bought the Miami-based City National Bank of Florida from the Spanish lender Bankia for $947 million, making it the first time a U.S. bank was purchased by a Chilean financial institution. City National Bank is Florida’s second-largest financial institution and has opened more than 30 branches.

BCI is a member of the Brussels-based organization the International Confederation of Popular Banks.

Luis Enrique Yarur Rey and Opus Dei

Luis Enrique Yarur Rey, a prominent member of Opus Dei, is a married father of eight children. The Catholic group’s mission is to spread the message that every person is called to holiness and that every honest work can be sanctified.

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