What is Alberto Bailleres' Net Worth?
Alberto Bailleres was a Mexican multi-billionaire who had a net worth of $10 billion at the time of his death. Alberto Bailleres accumulated his net worth through his controlling interest in many companies in a diverse range of industries. His umbrella entity is called Grupo Bal and his interests range from department stores, to mining to insurance companies. Alberto Bailleres was also the head member of the board of ITAM, a higher education thinktank. For many years, Alberto Bailleres was the second richest person in Mexico. The richest person in Mexico is Carlos Slim Helu, whose $67 billion net worth gives him a very healthy lead ahead of his fellow Mexican billionaires. Alberto Bailleres's main business is a chain of Mexican department stores located throughout Mexico City. His mining company El Palacio de Hierro is one of the largest operations on the globe and frequently the highest producer of silver in the world.
Net Worth details: Alberto Bailleres earned his fortune through Grupo Bal. He owned 69%of refined silver producer Industrias Penoles. Bailleres owned a 98% stake in Grupo Palacio de Hierro which is a department store operator. He also owned majority stakes in insurance companies Grupo Nacional Provincial and Grupo Profuturo. Bailleres also owned a minority stake in Latin America's largest Coca-Cola bottler, Femsa.
