Alberto Baillères

Alberto Baillères
File:Alberto Baillères.jpg Baillères was the recipient of the 2015 Medalla de Honor Belisario Domínguez
Born	1931
Residence	Mexico City, Mexico
Nationality	Mexican
Occupation	Owner, Peñoles and El Palacio de Hierro
Net worth	US$9.6 billion (June 2015)
Children	4
Parent(s)	Raúl Bailleres

Alberto Baillères (born 1931) is a Mexican billionaire businessman. As of 2015, he has an estimated net worth of US $9.6 billion according to Forbes magazine.

Early life

He was born in Mexico City, the son of Raúl Bailleres.

Career

He owns a holding company called Grupo Bal, which controls a large number of other companies like Industrias Peñoles / Peñoles the second most important Mexican mining company and the first silver world producer, El Palacio de Hierro, a chain of departments stores mainly located in Mexico City, Grupo Nacional Provincial, the only entirely Mexican owned insurance company, Grupo Profuturo, a pensions and annuities business. He sits on the Board of Directors of Fresnillo plc.

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

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.

Personal life

Baillères is married with four children and lives in Mexico City.

See also

• List of Mexican billionaires