MIGUEL RINCON • Net Worth $3 billion • House • Yacht • Private Jet • Bio Pappel

Name:Miguel Rincon Arredondo
Net Worth:$600 million
Source of Wealth:Bio Pappel
Wife:Sandy Rincon
Residence:Mexico City
Private Jet:(XA-RIN) Gulfstream G550
Yacht:Lumiere II

Who is Miguel Rincon?

Miquel Rincon is the founder of Bio Pappel,  the largest integrated paper and packaging company in Mexico. He was born in 1949. He is married to Sandy Rincon.

Bio Pappel

The company was founded in 1982. Bio Pappel operates 31 industrial plants and employs 7,938 people.  It has annual sales of $3 billion.

It is one of the largest privately-owned companies in Mexico and the largest paper company.  It was stock listed on the Mexican Stock Exchange. The Rincon family still owns 85% of the company’s shares. Several family members are active in the company.

Rincon Net Worth

Bio Pappel has a market capitalization of $3.2 billion. The Rincon family owns 85% of the shares. So their combined net worth is around $3 billion.

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Yacht Lumiere Owner

Miguel Rincón Arredondo

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Miguel Rincon House

Miguel Rincon Arredondo Yacht

He is the owner of the Benetti motor yacht Lumiere II. She was built as Mine Games for Chris Cline.