Net Worth: $12.7 Billion
- Source of Wealth Mining
- Birth Place Mexico
- Marital Status Married (Teresa Baillères)
- Full Name Alberto Bailleres
- Nationality Mexican
- Date of Birth 1931
- Occupation Owner of Grupo Bal
- Education Instituto Tecnológico Autónomo de México (1957), The Culver Military Academy in Indiana
- Children 4
About Alberto Bailleres
Alberto Bailleres is a Mexican billionaire with an estimated net worth of $12.7 billion in October 2017, according to Bloomberg. He is the second richest person in Mexico and was ranked 32nd in the list of World Billionaires.
Born Alberto Bailleres Gonzales, he owns the holding company, Grupo Bal, which controls a large number of companies in Mexico with interests in trade, mining, finance, insurance, pension administration, agribusiness, health and musics, Industrias Peñoles or Peñoles is the second largest mining company in Mexico and one of the world’s largest silver miners with operation in the Latin America. However, in 2012, it did not do well due to lagging metal prices. El Palacio de Hierro is a chain of department stores located mainly in Mexico City. It exclusively handles international brands such as Hermes, Burberry, and Adolfo Dominguez among others. Grupo National Provincial is the only entirely Mexican owned insurance company with over 20% in market share. Grupo Profuturo is a pensions and annuities business.
Bailleres owns a stake in coke bottler FEMSA. He is a head member of the board of ITAM, a private Ph.D.-granting university in Mexico City. At 76, he continues to be an active board member of different companies.