Eugenio Garza Lagüera Net Worth
Eugenio Garza Lagüera Net Worth: Eugenio Garza Lagüera was a Mexican businessman and philanthropist who had a net worth of $2 billion. Eugenio Garza Lagüera was born December 18, 1923 in Monterrey, Mexico. Lagüera served as chairman of the board of the Monterrey Institute of Technology (ITESM) and Femsa, Latin America's largest beverage corporation. In February 2008 he received the Business Social Responsibility Award from the Woodrow Wilson International Center for Scholars, a nonpartisan institution created by the U.S. Congress within the Smithsonian Institution. Eugenio Garza Lagüera was born in Monterrey as the first son of industrialist Eugenio Garza Sada and Consuelo Lagüera Zambrano. After finishing high school at Chaminade College Preparatory School in St. Louis, Missouri, he earned a bachelor's degree in Chemical Engineering from the University of Texas and an MBA from the Monterrey Institute of Technology, a private university founded and sponsored by his father. He began his professional career at a laboratory of Técnica Industrial in 1947. In 1969 he was appointed to the Grupo Visa's board of directors, which he also chaired beginning in 1981. He presided over the Serfín Bank during the peso devaluation of 1982 and the subsequent nationalization of all private banks as well. In 1991, when the government decided to re-privatize the banking system, Eugenio Garza Lagüera bought the Bancomer Banking Group. Garza Lagüera died on May 24, 2008 in Monterrey, Nuevo León at the age of 84.