| Name: | Miguel Rincon Arredondo |
| Net Worth: | $600 million |
| Source of Wealth: | Bio Pappel |
| Born: | 1949 |
| Age: | |
| Country: | Mexico |
| Wife: | Sandy Rincon |
| Children: | Uknown |
| Residence: | Mexico City |
| Private Jet: | (XA-RIN) Gulfstream G550 |
| Yacht: | Lumiere II |
Miguel Rincon is a highly influential figure in Mexico’s paper and packaging industry. As the founder of Bio Pappel, the most substantial integrated paper and packaging company in the country, his influence is significant. Born in 1949, Rincon is happily married to Sandy Rincon.
Established in 1982, Bio Pappel has grown exponentially over the decades to become a leader in the paper industry. The company operates 31 state-of-the-art industrial plants and provides employment to 7,938 dedicated professionals. With a staggering annual turnover of $3 billion, it has carved out a niche for itself as one of Mexico’s most prosperous private businesses and the unrivaled leader in the paper sector.
Bio Pappel’s shares are listed on the Mexican Stock Exchange, a testament to the company’s robust financial health and positive market sentiment. Despite this, the Rincon family maintains a strong hold on the business, owning 85% of the company’s shares. Several family members actively contribute to the company’s management and strategic decision-making processes.
With Bio Pappel’s market capitalization standing at an impressive $3.2 billion, it’s evident that the Rincon family holds substantial wealth. Given their 85% stake in the company, the family’s combined net worth is estimated at around $3 billion.
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We believe he lives with his wife in Mexico City, But unfortunately, we have not yet been able to identify his home. These are sample photos of billionaire residences. Do you know more about his house? Please do send us a message.
Mexico City, the vibrant capital of Mexico, serves as the political, cultural, educational, and economic hub of the nation. The city, renowned for its rich history dating back to the Aztec civilization, captivates with its intriguing blend of pre-Columbian, colonial, and modern influences. Its Historic Centre is a UNESCO World Heritage site, encompassing the iconic Zócalo plaza, the majestic Metropolitan Cathedral, and the ancient Templo Mayor ruins.
Boasting over 150 museums, it is considered one of the cities with the most museums in the world, including the popular Frida Kahlo Museum and the National Museum of Anthropology. The culinary scene, from street food stalls to Michelin-starred restaurants, reflects the city’s vibrant diversity. Its green spaces, such as Chapultepec Park, provide a respite from the bustling urban environment. Additionally, Mexico City is a significant economic center, housing the Mexican Stock Exchange and many multinational corporations’ headquarters. However, it also grapples with challenges such as air pollution and socio-economic inequality.
Despite its complexities, Mexico City remains a dynamic and thriving metropolis, a cultural powerhouse that continues to enchant visitors worldwide. Lastly, the warmth of its people and their colorful traditions truly make Mexico City a city like no other.
He is the owner of the Benetti motor yacht Lumiere II. She was built as Mine Games for Chris Cline.
The Sorrento yacht was originally constructed in 2010 by the Benetti shipyard.
The interior, designed by Studio Massari, can accommodate 12 guests and a crew of 14.
With MTU engines, the yacht’s top speed is 16 knots, with a cruising speed of 15 knots and a range of 8,000 nautical miles.
Previous owner Chris Cline, the founder of the Cline Group and Foresight Energy, tragically died in a helicopter crash in 2019.
The yacht was purchased by Miguel Rincon and is currently valued at around $30 million, with annual running costs of about $3 million.
He is the owner of a Gulfstream G300 with registration XA-RIN. The jet was built in 2003 and was for many years owned by Kraft Foods. Just 12 G300 have been produced by Gulfstream.
Update: He now owns a Gulfstream G550 private jet, with registration XA-RIN.
The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.
The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.
The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.
In addition to its performance and capabilities, the Gulfstream G550 is also renowned for its comfort and luxury.
The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system.
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SuperYacht Owners Database 10-2023
