Bañuelos was born in Sagunto, Valencia on 14 February 1966. When he was 9 years old, his father died in an accident in the steelworks where he worked. Bañuelos gained degrees in Law and Business Studies and set up his first company at the age of 16. His real estate group was set up in the Mediterranean region and developed some 17,400,000m2, building around 50,000 properties, aimed at middle class buyers as second homes. 2006 saw the merger of several of his companies and the creation of ASTROC. The property and financial crises brought about the sale of ASTROC and a new focus for Bañuelos´ activities in international markets. Bañuelos is married with two children.
In 2008, Bañuelos entered the Brazilian market, acquiring shares in AGRA, a Brasil Stock Exchange listed real estate company. In 2009 he bought into Abyara and Klabin Segal, merging the 3 companies to create the AGRE S.A., the leading real estate group in sales. At the same time, Bañuelos has joined forces with the French chain Accor and the Arab group Jumeirah to invest in the hotel industry in Brazil, host of the 2016 Olympic Games. The Valencian entrepreneur also has interests in other sectors within Brazil; in 2010 he plans to invest 2 billion Brazilian reals in assets and businesses in the healthcare, energy, infrastructures, environmental and food industries.
Lawsuits
In March 2009 Enrique Bañuelos was cleared of charges of the possible use of inside information regarding a possible takeover bid for Fadesa, as it was considered that the economic press had already published articles relating to the issue. In 2007 a lawsuit was filed by lawyer Felipe Izquierdo against Enrique Bañuelos for his management of Astroc. This was rejected by the Spanish National Court.
Hobbies
Enrique Bañuelos is an avid jogger and runner of half marathons. He has a passion for contemporary arts and in particular photography; through his foundation and in conjunction with the Valencian Institute of Modern Art he has promoted various exhibitions in, among other cities, Valencia, New York City, London and Beijing.
