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January 29th, 2008
Filed Under: Banking, Blogante Business, Blogante Headlines, Eye Openers, Hispanic News, People, non-US news
Tagged: Dental, Venezuela
Filed Under: Banking, Blogante Business, Blogante Headlines, Eye Openers, Hispanic News, People, non-US news
Tagged: Dental, Venezuela
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Víctor Vargas is a polo-playing banker who zips between his six homes in a fleet of luxury jets. So you might expect him to be struggling in today’s Venezuela, where President Hugo Chávez has vowed to build a classless society.But Mr. Vargas, 55 years old, hasn’t missed a beat. His Banco Occidental de Descuento is expanding amid an oil-fueled economic surge. Like other bankers, he snares profits dealing in a flood of government-issued debt. And the Chávez years have done little to damp Mr. Vargas’s exuberance for the trappings of wealth.
“People write stories about me saying I have a Ferrari, a plane, a yacht,” he said during an interview at one of his homes, in the posh Country Club neighborhood of Caracas. “But it’s not true. I’ve got three planes, two yachts, six houses. I’ve been rich all my life!”"*
*From: http://online.wsj.com requires paid registration
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