Alberto Baillères

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Alberto Baillères
Alberto Baillères.jpg
Baillères was the recipient of the 2015 Medalla de Honor Belisario Domínguez
Alberto Baillères González

(1931-08-22)22 August 1931
Mexico City, Mexico
Died2 February 2022(2022-02-02) (aged 90)
Mexico City, Mexico
EducationCulver Military Academy
Instituto Tecnológico Autónomo de México (ITAM)
Occupation(s)Owner, Peñoles and El Palacio de Hierro
SpouseTeresa Baillères
Children7, including Alejandro Baillères
ParentRaúl Baillères

Alberto Baillères González (22 August 1931 – 2 February 2022) was a Mexican billionaire businessman. As of 2021, he had an estimated net worth of US$10.1 billion according to Forbes.[1] He was the chairman of Grupo BAL,[2] and of ITAM.[3]

Early life[edit]

Baillères was born in Mexico City[4] on 22 August 1931,[5] as the son of Raúl Baillères.[1] Baillères attended Culver Military Academy, in Culver, Indiana, US. In 1953 he received a bachelor's degree in economics from the Instituto Tecnológico Autónomo de México (ITAM, a school founded by his father), in Mexico City.[4][5]


He took over as head of Grupo BAL aged 28, following the death of his father.[4]

Baillères owned Grupo BAL, which controls a large number of other companies including Industrias Peñoles / Peñoles, the second most important Mexican mining company and the world's largest silver producer, El Palacio de Hierro, a chain of department stores mainly located in Mexico City, Grupo Nacional Provincial, the largest insurance company in Mexico, Grupo Profuturo, a pensions and annuities business.[6] He sat on the board of directors of Fresnillo plc.[6]

He was also a head member of the board of ITAM, one of Mexico's top higher education centers and thinktank, and owner of other businesses related with financial services, agriculture and bullfighting.[6] He was the owner of the 92m yacht Mayan Queen IV.[7]

In October 2012, Bloomberg listed Baillères as the 35th richest person in the world with an estimated net worth of US $19.3 billion.[5]

Belisario Domínguez Medal of Honor[edit]

The Senate of the Republic awarded Baillères the Belisario Domínguez Medal of Honor, Mexico's highest honor, on November 12, 2015.[8]

Personal life and death[edit]

Baillères was married to Teresa Gual,[9] they had seven children,[5] and lived in Mexico City.[1]

He died on 2 February 2022, at the age of 90.[10]

See also[edit]


  1. ^ a b c "Alberto Bailleres Gonzalez & family". Forbes. Retrieved 22 January 2021.
  2. ^ "Grupo BAL". Retrieved 22 April 2017.
  3. ^ "Bienvenido a" (in Spanish). Retrieved 22 April 2017.
  4. ^ a b c "Alberto Baillères - Creating Emerging Markets - Harvard Business School". Retrieved 9 August 2017.
  5. ^ a b c d "Bloomberg Billionaires Index". Bloomberg LP. Archived from the original on 14 December 2012.
  6. ^ a b c Fresnillo Board biography Archived 11 May 2011 at the Wayback Machine
  7. ^ "93.25m Blohm + Voss, Mayan Queen IV photos, specs and timeline". Yacht Harbour. Retrieved 12 October 2017.
  8. ^ "La Medalla de Honor Belisario Domínguez 2015: un premio a la desigualad". La Jornada de San Luis (in Spanish). 12 November 2015. Retrieved 28 August 2020.
  9. ^ "Alberto Baillères, el multimillonario discreto". abc. 17 January 2015. Retrieved 4 January 2019.
  10. ^ Noguez, Roberto (3 February 2022). "Fallece Alberto Baillères, expresidente de Palacio de Hierro y Grupo Bal". Forbes. Retrieved 4 February 2022.