In 2011, he was the one to merge Brazilian real estate group Agre Empreendimentos Imobiliarios S.A. with PDG Realty, one of the largest builders in Brazil. Also, he turned his Brazilian agribusinesses into a group called Vanguarda Agro. However, Banuelos has since exited both companies. Today, he is staking his fortune on two major projects: Barcelona World, a casino and tourist stop he is marketing as the next Monaco; and Formula E racing, an attempt to create a Formula 1-style international racing championship with electric cars.
