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

Remembering Alberto Baillères: A Legacy of Success

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:

  • Alberto Baillères was a prominent figure in the global mining industry, leading Mexico’s second-largest mining company, Industrias Peñoles.
  • Beyond mining, Baillères held diversified business interests, including luxury retail with El Palacio de Hierro and beverages with shares in FEMSA, the world’s largest Coca-Cola bottler.
  • Baillères’ net worth was estimated at $10 billion, making him the third wealthiest individual in Mexico.
  • Alberto Baillères was known for his philanthropic contributions to education and health, reflecting his commitment to giving back to society.
  • Baillères resided in a large house in Mexico City, symbolizing his success and influence.
  • He was the owner of the MAYAN QUEEN Yacht, which is still used by his family.

Alberto Baillères and Grupo Bal

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.

Industrias Peñoles: The World’s Largest Silver Producer

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.

A Taste for Business: The World’s Largest Coca-Cola Bottler

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’ Net Worth

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.

The Baillères Family

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.

Alberto Baillères: A Philanthropic Legacy

Beyond his business success, Baillères was known for his philanthropic contributions, particularly in the realms of education and health.

The Baillères Residence

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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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.

Yacht Mayan Queen

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.