| Name: | Alberto Bailleres |
| Net Worth: | $10 billion |
| Source of Wealth: | Grupo Bal |
| Born: | August 22, 1931 |
| Age: | |
| Death | February 4, 2022 |
| Country: | Mexico |
| Wife: | Teresa Baillères |
| Children: | 7 (Alejandro Bailleres, 6 more) |
| Residence: | Mexico City, Mexico |
| Private Jet: | Gulfstream G650 (XA-BAL) |
| Yacht | Mayan Queen |
Alberto Baillères was a magnate of the global mining industry and a stalwart figure in Mexican business. Born in Mexico City in August 1931, Baillères was known for his business acumen and philanthropic endeavors. Regarded as the third wealthiest individual in Mexico, Baillères’ legacy continues to impact the country’s economic landscape. He shared his life with his wife, Teresa Baillères, and their seven children. In the heart of Mexico City, Baillères led his empire until his passing on February 4, 2022, at the age of 90.
Key Takeaways:
Baillères’ impact on the Mexican economy was chiefly through his private holding firm, Grupo Bal. Under Grupo Bal, Baillères held shares in Industrias Peñoles, Mexico’s second-largest mining company and a significant contributor to the nation’s gold and silver output. Each year, Industrias Peñoles produces a remarkable 25,000 kg of gold and 2.5 million kg of silver.
Under Baillères’ guidance, Industrias Peñoles became the world’s leading silver producer. Baillères’ business portfolio also included the upscale department store chain, El Palacio de Hierro. This luxury retailer, known for housing brands such as Gucci, Louis Vuitton, Burberry, and Prada, operates 13 stores across Mexico.
Baillères’ business interests extended into the insurance sector with Grupo Nacional Provincial, and he also owned shares in FEMSA, recognized as the world’s largest Coca-Cola bottler.
Alberto Baillères left an impressive financial legacy. His net worth, estimated at $10 billion, positioned him as the third richest individual in Mexico. Besides his business ventures, Baillères also held interests in the luxury yacht industry, having previously owned the yacht Marion Queen.
Alberto Baillères hailed from a prominent family, with his father Raul Baillères serving as a minister in the Mexican Government and founding the prestigious Instituto Tecnológico Autónomo de México (ITAM). Alberto was ITAM’s President of the Board of Trustees.
Beyond his business success, Baillères was known for his philanthropic contributions, particularly in the realms of education and health.
Reflecting his grandeur, Baillères resided in a large house in Mexico City, a testament to his remarkable journey from business executive to one of Mexico’s wealthiest individuals.
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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.
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.
www.forbes.com/albertobailleres-
He lived with his wife in Mexico City. 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, is an enigmatic blend of ancient tradition and contemporary living. Founded in 1325 as Tenochtitlán, it served as the political and cultural heart of the Aztec empire. Today, it is one of the world’s most populous cities and an important financial hub in Latin America.
Mexico City’s rich history is evident in its UNESCO World Heritage sites, including the Templo Mayor and the splendid Metropolitan Cathedral. Its world-class museums, such as the Frida Kahlo Museum and Museum of Anthropology, attract millions of visitors annually. Known for its culinary scene, the city offers everything from street tacos to gourmet dining experiences.
Furthermore, Mexico City is a key player in the arts and entertainment industry, hosting renowned film festivals and music concerts. Despite its bustling urban environment, the city also has numerous parks and green spaces for locals and tourists to enjoy.
He was the owner of the Blohm and Voss yacht Mayan Queen.
The Mayan Queen yacht is an impressive 92-meter motor yacht built by renowned shipbuilders Blohm & Voss.
The yacht’s stunning design is the combined vision of Tim Heywood for the exterior and Terence Disdale Designs for the interior.
Powered by strong MAN diesel engines, the yacht can reach a cruising speed of 20 knots and a top speed of 22 knots.
The yacht’s VIP suite features an innovative ‘invisible’ balcony that slides out from the superstructure, preserving the yacht’s sleek lines.
He was the owner of a Gulfstream G650 private jet, with registration XA-
The Gulfstream G650 is a luxurious, long-range business jet produced by Gulfstream Aerospace. The G650 was first introduced in 2008 and quickly became one of the most sought-after business jets in the world due to its impressive range, speed, and spacious cabin. The G650 has a maximum range of over 7,000 nautical miles, making it capable of flying non-stop from locations such as New York to Hong Kong.
One of the standout features of the G650 is its cabin, which is both spacious and luxurious. With a height of over 6 feet and a width of over 7 feet, the cabin offers ample space for passengers to work, relax, and entertain. The cabin also features a variety of customizable features, including seating arrangements, lighting, and entertainment systems.
In addition to its impressive range and cabin, the Gulfstream G650 is also known for its high cruising speeds. The aircraft is capable of reaching speeds of up to Mach 0.925, making it one of the fastest business jets on the market. This speed, combined with its range, allows the G650 to cover large distances quickly and efficiently.
The last known list price of the Gulfstream G650 was approximately $75 million. This high cost reflects the advanced technology, spacious cabin, and impressive performance capabilities of the aircraft. Despite its high price, the G650 remains a popular choice for those who value speed, range, and comfort in their business jets.
The Gulfstream G650 is a top-of-the-line business jet that offers impressive range, speed, and comfort. Its luxurious cabin and high-performance capabilities make it a popular choice for those who demand the best in their business aviation needs. With a last known list price of $75 million, the G650 is a significant investment, but for those who can afford it, the aircraft provides a unique and unparalleled flying experience.
