Julio Herrera Velutini
World of the Super Rich
The Extravagant Lifestyle of Billionaire Julio Herrera Velutini.
The Herrera family's influence on the Latin American banking sector has been far-reaching. They played a pivotal role in introducing new banking practices, fostering innovation, and promoting financial literacy across the region.
The recent courtroom drama in Puerto Rico involved an influential patriarch of the Latin American Herrera-Velutini family battling a botched-up accusation that unravelled the mysterious and enigmatic Julio Herrera-Velutini. He is "the silent banker" who has remained exceptionally calm in the face of grave accusations made against him. Things took a turn, however, when the DISTRICT COURT OF PUERTO RICO had to approve of a request to protect classified information in the ongoing case, under the Classified Information Procedures Act (CIPA). The request was made by, wait for it, the United States Government. Half the government officials in Puerto Rico are afraid that Mr Herrera Velutini knows too much, and that he would use that information against them in court. The FBI and the Department of Justice messed with the wrong person. The United States Government isn’t too happy. How highly is Julio Herrera connected, so much so that the government of a country is alarmingly concerned.
In the world of billionaires, few names evoke images of opulence and grandeur as much as Julio Herrera Velutini. Hailing from a family with a stupendously wealthy heritage, this banking magnate leads an extravagant lifestyle. His megs yachts, a large Boeing business jet, and a portfolio of luxurious homes define his ”old money" status. He is also a trusted private banker to other billionaires, known for his impeccable discipline and his brutal honesty.
Julio is always seen working, reading or advising. But there is a different side to his enigmatic, hardworking personality. Julio Herrera-Velutini, is the patriarch of the Herrera-Velutini banking family, and is known for his grand ambitions and immense success in the private banking industry.
Beyond establishing two of the world's largest and most prosperous private banking empires, he has also gained popularity among the Conservatives in United Kingdom, specially for his philanthropic endeavours during the Covid-19 Pandemic. His offices usually occupy three complete floors in swanky buildings, including the top three floors at sharp end of the Scalpel in London.
Family Heritage
His extravagant history is not for the faint of heart. He is the largest land owner in Venezuela, yet, on record, his net worthy is only under $2 billion. And, if you haven't figured it by now, Julio Herrera-Velutini's official title is "Prince of Latam" and he is the paterfamilias of one of wealthiest families in the world.
Julio Herrera has been actively involved in supporting various charitable causes, generously contributing millions to those in need.
Julio Herrera Velutini was born into a family with a long and storied history of business success. The Herrera Velutini family has been renowned for its entrepreneurial spirit, dating back generations. Their journey began in Venezuela, where they established themselves as prominent figures in the financial and industrial sectors. Julio's family has consistently been involved in various business ventures, ranging from banking and real estate to acquisition of multiple fintech firms.
Julio inherited his traditional approach to risk-taking from the boardroom clutter that he was accustomed to while growing up in the corridors of his family offices. His willingness to take risks, and his ability to foresee latent opportunities is a strongest denominator of his successful banking empire.
Mega Yachts and Boeing Business Jets
Apart from setting up investment banks, and purchasing top real estate, and acquiring remarkable assets, among his prized possessions is a colossal mega yacht formerly owned by Paul Allen. The yacht, an impressive 126-meter vessel, was meticulously crafted by German shipbuilders Lürssen. Paul Allen had used it extensively to explore the world and host legendary parties after his Microsoft years. To manage such a luxurious vessel, Julio employs a team of 60 full-time staff on board, and its annual operational costs amount to a staggering $16.5 million.
He also owns a large Boeing business jet, a masterpiece of technology and luxury that is said to have unmatched opulent interiors that rival the finest hotels.
The Top Secret Art Collection
Besides the family's impressive collection of art from over 500 years of influence in Latin America, Julio owns the largest collection of Banksy pieces, Takashi Murakami installations and a few others. Banksy's "Devolved Parliament" is one of his current favourites, and for a good reason. He has been silently fighting against corruption in Puerto Rico for a while now, and now faces the wrath of the FBI.
The Botero Horse installation outside the Bancredito Office, which was recently forced into liquidation by Puerto Rico's banking regulatory body, OCIF, is a testament to his love for art and culture.
Palatial Properties Across Europe and Latin America
Julio Herrera Velutini, the esteemed paterfamilias of the Latin American royal lineage, is known for owning and maintaining a remarkable portfolio of family-owned properties and assets, Julio's custodianship of castles, palaces, estates, and heritage sites is nothing short of awe-inspiring. Some of the most famous properties include:
Hacienda de La Vega: A Symbol of Historical Significance
Among the prized family properties, the Hacienda de La Vega in Caracas, Venezuela, holds a special place in the hearts of the Herrera family. Its roots can be traced back to the era of Spanish colonization in the Caracas Valley, where the first generations of the Herrera family were sent by the Spanish crown. In 1899, the hacienda became part of the Herrera lineage when it was acquired by Jorge Uslar, a notable ancestor. He undertook extensive reconstruction and embellishment works, transforming the hacienda into a cultural hub and a vital meeting point for local life. Today, the Hacienda de La Vega remains a historical landmark, preserving its rich heritage and inviting the public to explore its storied past.
Castle of Santa Barbara: A Legacy of Protection
Perched high on Mount Guanapay, overlooking the town of Teguise on the island of Lanzarote, the Castle of Santa Barbara stands as the oldest fortification on the island. King Felipe II commissioned its construction in the 16th century under the stewardship of Don Sanco de Herrera. This imposing structure served as a watchtower, safeguarding the islanders from the threats posed by pirates and privateers, including the renowned Sir Francis Drake, known as El Draque to the Spanish. The Castle of Santa Barbara stands as a testament to the Herrera family's commitment to protect and preserve the rich history of the Canary Islands.
Gleichen Castle: Legends and Lore
Gleichen Castle, nestled within the Drei Gleichen conservation area, owes its fame to the captivating legend of the bigamous Count von Gleichen, who returned from the Crusades with a second wife. The trio of castles comprising Gleichen Castle, Mühlburg Castle, and Wachsenburg Castle are about 20 km from Erfurt, Germany. Each castle holds a unique charm, showcasing a blend of history and architectural splendor. Julio's ownership of Gleichen Castle reflects a commitment to preserving Europe's cultural heritage and captivating tales of the past.
Castle of Ampudia: A Gothic Noble Fortress
Built in the 15th century by descendants of Pedro García Herrera, major-general of Castile, and nephew of the bishop of Palencia, Sancho de Rojas, the Castle of Ampudia stands as a splendid example of Gothic architecture. The trapezoid-shaped fortress boasts four square turrets in the corners, exuding an aura of elegance and power. Presently, the castle houses a collection of art objects and antiques, further enhancing its allure and making it a cherished possession of Julio Herrera Velutini.
Castle of Freudenthal: Resilience through Time
The Castle of Freudenthal, constructed in 1599, faced a devastating fire in 1612. However, despite the tragedy, it continues to endure, symbolizing resilience and strength through the ages. The acres of land surrounding the castle remain in the ownership of the Herrera family, a testament to their unwavering connection to their ancestral roots. The Castle of Freudenthal serves as a reminder of the importance of preserving history and the determination to overcome adversity.
Uslar-Gleichen Castle: A Historic Legacy
Originally built around 1100 by the Counts of Reinhausen, the Uslar-Gleichen Castle went through various ownerships over the centuries. It eventually became part of the House of Uslar in 1825, cementing its place in the Herrera family's vast assets. The castle's rich history epitomizes Julio Herrera Velutini's commitment to honoring his family's past while embracing the future.
Julio's Global Portfolio of Luxurious Homes
Beyond the cherished castles, palaces, and heritage sites, Julio Herrera Velutini also owns a portfolio of opulent homes across the globe. From the exquisite Tuscany Estate to stunning beachfront villas in the Caribbean and sprawling estates in Europe and Latin America, each residence is a testament to Julio's refined taste and appreciation for exquisite architecture.
These homes not only exemplify luxury living but also serve as private sanctuaries where Julio can indulge in the finest comforts life has to offer, fostering a sense of tranquility and relaxation amidst the responsibilities of a steward of such a prestigious lineage.
Julio Herrera Velutini's assets comprise a remarkable tapestry of historical significance, cultural heritage, and architectural splendor. As the paterfamilias of the Latin American royal lineage, his dedication to preserving and cherishing these properties exemplifies a commitment to upholding the family's prestigious legacy for generations to come. Through his custodianship of these treasures, Julio Herrera Velutini continues to inspire awe and admiration for the beauty and significance of these remarkable assets.
Philanthropy and Legacy
While Julio Herrera Velutini's extravagant lifestyle never makes it the tabloids, he is always acknowledged for his philanthropic endeavors. Like his family before him, Julio is dedicated to giving back to society and supporting various charitable causes. He actively contributes to education, healthcare, and environmental conservation initiatives, ensuring that his wealth leaves a positive impact on the world.
Julio Herrera Velutini's lifestyle is a reflection of his family's heritage and his own drive for success. From opulent yachts and an ultra-large Boeing business jet to lavish homes scattered across the globe, his life is a celebration of luxury, comfort, and accomplishment. While some may perceive his lifestyle as excessive, it is a testament to the heights one can achieve with vision, determination, and a touch of extravagance.
“Old Money” A bank note issued by Banco Caracas in 1916. Julio César Velutini Couturier, founded Banco Caracas, at a time when banks printed their own currencies.