Paella Party

Swibel, Matthew; von Zeppelin, Cristina
March 2007
Forbes Asia;3/26/2007, Vol. 3 Issue 5, p46
The article features several billionaires in the real estate market of Spain. Enrique Bañuelos, a Valencia real estate developer, is worth $7.7 billion, and when he floated his then Spanish development company, Astroc Mediterráneo on the Madrid stock exchange last May 2006, he was not even a billionaire. Meanwhile, Florentino Pérez, head of construction company ACS, asked regulators for permission to increase the firm's stake in electric utility Iberdrola.


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