Harvard Grad Solves His Family's $1.6 Billion Liquidity Problem
- Nicolas Ibanez manages money for one of Chile’s richest clans
- Family has backed Drake Real Estate Partners to invest in U.S.
Nicolas Ibanez started at Harvard Business School with a 10-digit dilemma.
It was mid-2009, and his family had just started to invest some of the $1.6 billion that Walmart Inc. had paid earlier that year to acquire the Chilean supermarket chain his family had founded. Ibanez, no longer heir to a retail empire, felt compelled to alter his MBA plans to focus more on finance.