Alberto Bailleres is owner of one the largest mining companies in the world.
Through his private holding firm Grupo Bal he holds the shares of Industrias Peñoles, the second largest mining company of Mexico. Penoles produces 25,000 kg of gold and 2,5 million kg of silver annually.
Industrias Penoles is the world’s largest silver producer. Bailleres also owns a chain of department stores: El Palacio de Hierro. It is a high end retailer with brand names like Gucci, Louis Vuitton, Burberry and Prada. EL Palacio de Hierro currently operates 13 stores.
His net worth is estimated at US$ 11.7 billion (August 2017). That makes him the 3rd richest person in Mexico. Bailleres’ previously owned the yacht Marion Queen.
His father Raul Bailleres (1895-
Bailleres is an active philanthropist donating to education and health.