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.
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.
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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