Business people in the banking sector include the individuals who either solely or jointly with partners form a private bank. Banks are the financial institutions that accept deposits from customers, pay interest and provide other financial services like loans and mortgages to them. Banks play a vital role in the financial system and economy of a country, and are therefore highly regulated by the governments. Even the owners of the private banks need to adhere to the governmental policies regulating banks. Business people wanting to start banks have to possess business acumen along with a strong base in finance and have to have a deep knowledge and understanding of the various laws and regulations governing the banking sector. Private Banks play a major role in the expansion of business activities by proving essential financial services to the general public. The owners of private banks are also more receptive towards adopting newer tools and technologies to enhance the banking experience of their clients, especially in the developing countries. Starting a private bank is a challenging task, more challenging than starting any other kind of a venture; it is something only highly ambitious individuals with a profound knowledge of legal and financial matters will venture into. What follows is a collection of the biographies, timelines, trivia and other information about the professional and personal lives of some of the world’s most famous bankers.
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Jamie Dimon is an American business executive, currently serving as Chief Executive Officer and Chairman of the largest of the popular American banks, JPMorgan Chase. He is among the few bank chief executives in the world to become a billionaire. In 2006, 2008, 2009, and 2011, Jamie Dimon was named in Time magazine's world's 100 most influential people lists.
A member of the Walton family—the world’s richest family— James Walton has inherited retail giant Walmart along with his siblings. A graduate from the University of Arkansas, the billionaire is also the chairman of Arvest Bank and heads newspaper company, Community Publishers Inc. He played football during his younger days and leant to pilot planes. He has four children.
Mikhail Prokhorov is a Russian billionaire, former owner of the American professional basketball team Brooklyn Nets, and politician. One of Russia's most prominent industrialists, Prokhorov is credited with helping Norilsk Nickel become the largest producer of palladium and nickel in the world.
Jakob Fugger was a German merchant, banker, and mining entrepreneur. Born into the famous Fugger merchant family, Jakob Fugger helped expand the family business and stretched it across Europe. Thanks to his banking transactions with the House of Austria, Fugger also had a strong influence on European politics. He is counted among the wealthiest individuals of all time.
