ALBERTO BAILLERES (1931-2022) • Net Worth $10 billion • House • Yacht • Private Jet • Grupo Bal • Allejandro

Name:Alberto Bailleres
Net Worth:$10 billion
Source of Wealth:Grupo Bal
Born:August 22, 1931
DeathFebruary 4, 2022
Wife:Teresa Baillères
Children:7 (Alejandro Bailleres, 6 more)
Residence:Mexico City, Mexico
Private Jet:Gulfstream G650 (XA-BAL)
YachtMayan Queen

Who was Alberto Bailleres?

Alberto Bailleres was the owner of one of the largest mining companies in the world. He was born in August 1931, in Mexico City. He was the 3rd richest man in Mexico. He was married to Teresa Baillères. They have 7 children.  He lived in Mexico City. Bailleres passed away on Feb 4, 2022, aged 90.

Grupo Bal

Through his private holding firm Grupo Bal he held 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.

Worlds Largest Silver Producer

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.

The World’s Largest Coca-Cola Bottler

Further Bailleres owned a large insurance company named Grupo Nacional Provincial. He also owns shares in FEMSA, the world’s largest Coca-Cola bottler.  

Alberto Bailleres Net Worth

His net worth was estimated at $10 billion. That makes him the 3rd richest person in Mexico. Bailleres’ previously owned the yacht Marion Queen.

Bailleres Family

His father Raul Bailleres (1895 – 1968) was a minister in the Mexican Government and the founder of the Instituto Tecnológico Autónomo de México (ITAM), one of the most prestigious universities in Latin America.

Alberto was President of the Board of Trustees. Alberto had a brother who died in a car accident.


He was an active philanthropist donating to education and health.


He lived in a large house in Mexico City.

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Alberto Bailleres

Alberto Bailleres


MQ2 yacht

Alejandro Baillères

His son Alejandra Bailleres is CEO of Grupo Nacional Provincial and director of Peñoles and Grupo BAL.  He is also Deputy Chairman & Non-Executive Director at  gold producer Fresnillo.

He was born in 1960. He has a degree from Stanford University. In May 2022 Alejandro Baillères Gual was appointed President of the Bailleres family’s Grupo Bal conglomerate. According to Forbes Alejandro has a net worth of $6 billion.

Marion Queen

Bailleres used to own the 50-meters Feadship yacht Marion Queen. She was actually also named Mayan Queen, but Bailleres renamed her after delivery of his bigger Blohm and Voss yacht.

Alberto Bailleres House

Yacht Mayan Queen

He was the owner of the Blohm and Voss yacht Mayan Queen.