The billionaire’s 31-year-old son died after being hit by a boat propeller when he jumped into the water after his fiancée during Florida Tournament fishing keys.

Juan Carlos Escatet Alviares died after jumping into the water after his fiancee fell into the ocean from their 60-foot vessel while they were fishing a sailboat about six miles east of the Ocean Reef Club north of Key Largo, the Conservation Commission the Florida Fish and Wildlife (FWC) said.

In a Sunday crash report, the FWC said Mr Alviares was hit by a propeller and died immediately after entering the water. He took part in fishing competitions organized by the Reef Club together with his partner, 30-year-old Andrea Montero.

The FWC report did not include information on Ms. Montera’s well-being.

Ocean Reef, an exclusive closed community, was also in the news last week when 356 migrants from Haiti arrived in a large wooden boat just 200 meters from the property. It was one of the largest migratory events in the recent history of South Florida, The Miami Herald reported.

Venezuelan newspaper El Nacional reported that Mr. Alviares was the son of billionaire Juan Carlos Escote Rodriguez. He is the president of the Venezuelan bank Banesco and the Spanish bank Abanca.

He also holds the position of Vice Chairman of the Board of Banesco USA, an American division of the bank. His late son served as director of the department, says the company’s websiteadding that he was also the director of the international corporation Banesco.

The website states that he had “extensive experience in real estate development in the Miami area” and that he is a “Miami University graduate”.

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