Alberto Bailleres Net Worth

What is Alberto Bailleres' Net Worth?

Alberto Bailleres was a Mexican multi-billionaire who amassed a significant fortune of $10 billion at the time of his death. His wealth stemmed from his controlling interests in a wide array of industries under the umbrella entity, Grupo Bal. These interests spanned from department stores and mining operations to insurance companies. Additionally, he was a prominent member of the board at ITAM, a distinguished higher education think tank.

Business Ventures

For many years, Alberto Bailleres was recognized as the second richest person in Mexico. The wealthiest individual in Mexico, Carlos Slim Helu, boasts a substantial lead with a net worth of $67 billion. Bailleres' primary business included a chain of department stores across Mexico City, with his mining company, El Palacio de Hierro, being one of the largest silver producers globally.

Net Worth Details

Alberto Bailleres' fortune was primarily derived from his ownership stakes within Grupo Bal. He possessed 69% of Industrias Penoles, a renowned refined silver producer. Additionally, he held a 98% stake in Grupo Palacio de Hierro, a leading department store operator. His portfolio also included majority stakes in insurance firms Grupo Nacional Provincial and Grupo Profuturo, along with a minority stake in Femsa, Latin America's largest Coca-Cola bottler.