David Velez & family
Fintech · Sao Paulo
Net worth
$12.0B
Today
+$51M+0.43%Past month
−$3.5B−22.66%As of Nov 11, 2026, 1:50 PM EST
Vélez 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 more than 100 million customers in Brazil, Mexico and Colombia. Vélez 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. Vélez 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.
Net worth over time
Principal holdings
2 positions| Company | Industry | Share | Value |
|---|---|---|---|
Nu Holdings NYSE: NU | Finance & Investments | 91.4% | $10.9B |
Private and other holdings | Finance & Investments | 8.6% | $1.0B |