Alberto Baillères González (22 August 1931 – 2 February 2022) was a Mexican

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultr ...

businessman. , he had an estimated net worth of US$10.1 billion according to ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

''. He was the chairman of Grupo BAL, and of ITAM.

Early life

Baillères was born in Mexico City on 22 August 1931, as the son of Raúl Baillères. Baillères attended

Culver Military Academy Culver Academies is a college preparatory boarding school in Culver, Indiana, which is composed of three entities: Culver Military Academy (CMA) for boys, Culver Girls Academy (CGA), and the Culver Summer Schools and Camps (CSSC). Culver Milita ...

, in Culver, Indiana, US. In 1953 he received a bachelor's degree in economics from the

Instituto Tecnológico Autónomo de México The Autonomous Technological Institute of Mexico (), commonly known as ITAM, is a private university located in Mexico City. It is one of Mexico's most important institutions of higher learning; highly prestigious in the social sciences. It is a ...

(ITAM, a school founded by his father), in Mexico City.

Career

He took over as head of Grupo BAL aged 28, following the death of his father. Baillères owned Grupo BAL, which controls a large number of other companies including Industrias Peñoles /

Peñoles Peñoles is a subsidiary company owned by Grupo BAL. Peñoles is the second largest Mexican mining company, the first Mexican producer of gold, zinc and lead and the world leader in silver production. Peñoles is a company with active mines wi ...

, 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 Mexico City is the capital city, capital and List of cities in Mexico, largest city of Mexico, as well as the List of North American cities by population, most populous city in North America. It is one of the most important cultural and finan ...

, Grupo Nacional Provincial, the largest insurance company in Mexico, Grupo Profuturo, a pensions and annuities business.Fresnillo Board biography
He sat on the board of directors of

Fresnillo plc Fresnillo plc is a Mexican precious metals mining company incorporated in the United Kingdom and headquartered in Mexico City. Fresnillo is the world's largest producer of silver from ore (primary silver) and Mexico's second-largest gold miner. ...

. He was also a head member of the board of ITAM, one of Mexico's top higher education centers and

thinktank A think tank, or public policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governm ...

, and owner of other businesses related with financial services, agriculture and

bullfighting Bullfighting is a physical contest that involves a bullfighter attempting to subdue, immobilize, or kill a bull, usually according to a set of rules, guidelines, or cultural expectations. There are several variations, including some forms wh ...

. He was the owner of the 92m yacht Mayan Queen IV. In October 2012, Bloomberg listed Baillères as the 35th richest person in the world with an estimated net worth of US $19.3 billion.

Belisario Domínguez Medal of Honor

The Senate of the Republic awarded Baillères the Belisario Domínguez Medal of Honor, Mexico's highest honor, on November 12,

2015 2015 was designated by the United Nations as: * International Year of Light * International Year of Soil __TOC__ Events January * January 1 – Lithuania officially adopts the euro as its currency, replacing the litas, and becomes ...

Personal life and death

Baillères was married to Teresa Gual, they had seven children, and lived in Mexico City. He died on 2 February 2022, at the age of 90.

References

1931 births 2022 deaths Instituto Tecnológico Autónomo de México alumni Mexican businesspeople Mexican billionaires Mexican people of French descent

Alberto Alberto is the Romance languages, Romance version of the Latinized form (''Albertus'') of Germanic languages, Germanic ''Albert (given name), Albert''. It is used in Italian language, Italian, Portuguese language, Portuguese and Spanish language, ...

Culver Academies alumni People named in the Paradise Papers Businesspeople from Mexico City {{mexico-business-bio-stub

Early life

Career

Belisario Domínguez Medal of Honor

Personal life and death

See also

References