Alberto Bailleres Net Worth: A Mexican Multi-Billionaire
In the realm of Mexican billionaires, Alberto Bailleres stands out as a prominent figure. With a net worth of $10 billion, he has amassed his wealth through his controlling interest in various companies across different industries. At the core of his business empire is Grupo Bal, an umbrella entity that encompasses several ventures ranging from department stores to mining to insurance companies.
Head of ITAM and Ranking Among Mexico’s Richest
In addition to his business pursuits, Alberto Bailleres is also the head member of the board at ITAM, a prestigious higher education thinktank. This role further solidifies his influence and expertise in the business world.
As of December 2012, Alberto Bailleres holds the distinction of being the second richest person in Mexico. While he falls short of the number one spot, currently occupied by Carlos Slim Helu with a net worth of $67 billion, Bailleres still commands an impressive financial standing among his fellow Mexican billionaires.
Key Businesses and Achievements
Alberto Bailleres’s main business revolves around a chain of Mexican department stores, strategically located throughout Mexico City. This enterprise has contributed significantly to his overall net worth.
Furthermore, Bailleres is the owner of El Palacio de Hierro, a mining company that boasts one of the largest operations in the world. Notably, it frequently leads as the highest producer of silver globally.
The Wealth Controlled by Grupo Bal
Grupo Bal serves as the driving force behind Alberto Bailleres’s fortune. Through this entity, he holds a 69 percent stake in Industrias Penoles, a refined silver producer. This stake represents a considerable portion of his net worth.
Additionally, Bailleres owns a 98 percent stake in Grupo Palacio de Hierro, a department store operator. This further solidifies his presence in the retail industry.
Insurance companies also play a significant role in Bailleres’s wealth portfolio. He holds majority stakes in Grupo Nacional Provincial and Grupo Profuturo, both prominent players in the insurance sector.
Furthermore, Bailleres owns a minority stake in Femsa, Latin America’s largest Coca-Cola bottler. This investment diversifies his holdings and contributes to his overall net worth.
The Accuracy of Net Worth Estimations
All net worth figures presented here are calculated using data sourced from public information. While we strive to ensure accuracy, it is important to note that these numbers are estimates. Our estimations may incorporate private tips and feedback received from the individuals or their representatives. We welcome any corrections and feedback to improve the accuracy of our calculations.
Conclusion
Alberto Bailleres, with his diverse business interests and substantial net worth of $10 billion, has cemented himself as an influential figure in the Mexican business landscape. From department stores to mining to insurance companies, his ventures encompass various industries. With his notable achievements and leadership roles, Bailleres continues to make significant contributions to the Mexican business sector.
FAQs
Q: How did Alberto Bailleres amass his wealth?
A: Alberto Bailleres accumulated his net worth through his controlling interest in many companies, including department stores, mining operations, and insurance companies, among others.
Q: What is Grupo Bal?
A: Grupo Bal is an umbrella entity that oversees Alberto Bailleres’s various business ventures. It serves as the core organization through which he controls his wealth.
Q: Who is the richest person in Mexico?
A: Currently, Carlos Slim Helu holds the title of the richest person in Mexico with a net worth of $67 billion.
Q: What is Alberto Bailleres’s involvement in ITAM?
A: Alberto Bailleres is the head member of the board at ITAM, a higher education thinktank. His involvement showcases his expertise and influence in the business world.
Final Thought
Alberto Bailleres’s net worth is a testament to his entrepreneurial prowess and success in various industries. As a Mexican multi-billionaire, his business empire encompasses department stores, mining operations, and insurance companies. With his significant contributions to the Mexican economy and his continued leadership roles, Bailleres remains an influential figure in the business world.