Alberto Bailleres Net Worth
Alberto Bailleres net worth and wealth: Alberto Bailleres is a Mexican multi-billionaire who has a net worth of $13.2 billion. Alberto Bailleres accumulated his net worth through his controlling interest in many companies in a diverse range of industries. His many umbrella entity is called Grupo Bal and his interests range from department stores, to mining to insurance companies. Alberto Bailleres is also the head member of the board of ITAM, a higher education thinktank. As of December 2012, Alberto Bailleres is 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 has his fortune controlled through Grupo Bal. He owns 69 percent of refined silver producer Industrias Penoles. Bailleres owns a 98 percent stake in Grupo Palacio de Hierro which is a department store operator. He also owns majority stakes in insurance companies Grupo Nacional Provincial and Grupo Profuturo. Bailleres also owns a minority stake in Latin America's largest Coca-Cola bottler Femsa.