Alberto Baillères

Alberto Baillères (born 22 August 1931)[2] is a Mexican billionaire businessman. As of 2019, he has an estimated net worth of US$8.3 billion according to Forbes.[1] He is the chairman of Grupo BAL,[3] and of ITAM.[4]

Alberto Baillères
Baillères was the recipient of the 2015 Medalla de Honor Belisario Domínguez
Born (1931-08-22) 22 August 1931
Mexico City, Mexico
NationalityMexican
EducationCulver Military Academy
Instituto Tecnológico Autónomo de México (ITAM)
OccupationOwner, Peñoles and El Palacio de Hierro
Net worthUS$8.3 billion (January 2019)[1]
Spouse(s)Teresa Baillères
Children7, including Alejandro Baillères
Parent(s)Raúl Bailleres

Early life

He was born in Mexico City,[5] the son of Raúl Baillères.[1] Baillères attended Culver Military Academy, in Culver, Indiana, US. In 1953 he received a bachelor's degree in economics from Instituto Tecnológico Autónomo de México (ITAM), in Mexico City.[2][5]

Career

Baillères took over as head of Grupo BAL aged 28, following the death of his father.[5]

He owns Grupo BAL, which controls a large number of other companies including Industrias Peñoles / Peñoles, the second most important Mexican mining company and the world's largest silver producer, El Palacio de Hierro, a chain of department stores mainly located in Mexico City, Grupo Nacional Provincial, the only entirely Mexican owned insurance company, Grupo Profuturo, a pensions and annuities business.[6] He sits on the board of directors of Fresnillo plc.[6]

He is also a head member of the board of ITAM, one of Mexico's top higher education centers and thinktank, and owner of other businesses related with financial services, agriculture and bullfighting.[6] He is the owner of the 92m yacht Mayan Queen IV.[7]

As of October 2012, Bloomberg lists Baillères as the 35th richest person in the world with an estimated net worth of US $19.3 billion.[2]

Personal life

Baillères is married to Teresa Gual,[8] they have seven children,[2] and lives in Mexico City.[1]

gollark: Can you sit far away from them?
gollark: Every cycle of the main processor, run a 10-billion-parameter model on the GPU.
gollark: Obviously optimal idea: use machine learning™ to prefetch for caches.
gollark: Intel has multi-gigabyte HBM things on new Xeons.
gollark: So just use those instead of main memory.

See also
  • List of Mexican billionaires

References
  1. "Alberto Bailleres Gonzalez & family". Forbes. Retrieved 4 January 2019.
  2. "Bloomberg Billionaires Index". Bloomberg LP. Archived from the original on 14 December 2012.
  3. "Grupo BAL". Bal.com.mx. Retrieved 22 April 2017.
  4. "Bienvenido a" (in Spanish). www.itam.mx. Retrieved 22 April 2017.
  5. "Alberto Baillères - Creating Emerging Markets - Harvard Business School". www.hbs.edu. Retrieved 9 August 2017.
  6. Fresnillo Board biography Archived 11 May 2011 at the Wayback Machine
  7. "93.25m Blohm + Voss, Mayan Queen IV photos, specs and timeline". Yacht Harbour. Retrieved 12 October 2017.
  8. "Alberto Baillères, el multimillonario discreto". abc. 17 January 2015. Retrieved 4 January 2019.


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