MIGUEL RINCON – Net Worth $600 million – Owner of the Yacht Lumiere

Name:Miguel Rinco?n Arredondo
Net Worth:$600 million
Source of Wealth:Bio Pappel
Residence:Mexico City
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Who is Miguel Rincon?

He is the founder of Bio Pappel,  the largest integrated paper and packaging company in Mexico.

Bio Pappel

The company was founded in 1982. Bio Pappel operates 31 industrial plants and employs 7,938 people.  It has annual sales of $ 1.3 billion.

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

Net Worth

Bio Pappel has a market capitalization of $ 700 million. The Rincon family owns 85% of the shares. So their combined net worth is around $ 600 million.

Yacht Lumiere Owner

Miguel Rincón Arredondo

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Miguel Rincon House

Miguel Rincon Arredondo Yacht

He is the owner of the yacht Lumiere.