Alberto Baillères

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Alberto Baillères is the son of Raúl Bailleres. In 2012 he was the third richest man in Mexico with a fortune of US $16.5 billion according to Forbes Magazine.[1]

Overview[edit]

He owns a holding company called Grupo Bal, which controls a large number of other companies like Industrias Peñoles / Peñoles the second most important Mexican mining company and the first silver world producer, El Palacio de Hierro, a chain of departments stores mainly located in Mexico City, Grupo Nacional Provincial, the only entirely Mexican owned insurance company, Grupo Profuturo, a pensions and annuities business.[2] He sits on the Board of Directors of Fresnillo plc.[2]

He is also a head member of the board of ITAM, one of Mexico's top higher education center and thinktank, and owner of other businesses related with financial services, agriculture and bullfighting.[2] He is the owner of the 92m yacht Mayan Queen IV.

As of October 2012, the Bloomberg lists Baillères as the 35th richest person in the world with an estimated net worth of US 19.3 billion. [3]

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