Alberto Baillères González (22 August 1931 – 2 February 2022) was a Mexican billionaire businessman. As of 2021[update], he had an estimated net worth of US$10.1 billion according to Forbes.[1] He was the chairman of Grupo BAL,[2] and of ITAM.[3]
Alberto Baillères | |
|---|---|
 Baillères was the recipient of the 2015 Medalla de Honor Belisario Domínguez | |
| Born | Alberto Baillères González 22 August 1931 Mexico City, Mexico |
| Died | 2 February 2022 (aged 90) Mexico City, Mexico |
| Education | Culver Military Academy Instituto Tecnológico Autónomo de México (ITAM) |
| Occupation(s) | Owner, Peñoles and El Palacio de Hierro |
| Spouse | Teresa Baillères |
| Children | 7, including Alejandro Baillères |
| Parent | Raúl Baillères |
Early life edit
Baillères was born in Mexico City[4] on 22 August 1931,[5] as the son of Raúl Baillères.[1] Baillères attended Culver Military Academy, in Culver, Indiana, US. In 1953 he received a bachelor's degree in economics from the Instituto Tecnológico Autónomo de México (ITAM, a school founded by his father), in Mexico City.[4][5]
Career edit
He took over as head of Grupo BAL aged 28, following the death of his father.[4]
Baillères owned Grupo BAL, which controls a large number of other companies including Industrias Peñoles / Peñoles, 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, Grupo Nacional Provincial, the largest insurance company in Mexico, Grupo Profuturo, a pensions and annuities business.[6] He sat on the board of directors of Fresnillo plc.[6]
He was also a head member of the board of ITAM, one of Mexico's top higher education centers and thinktank, and owner of other businesses related with financial services, agriculture and bullfighting.[6] He was the owner of the 92m yacht Mayan Queen IV.[7]
In October 2012, Bloomberg listed Baillères as the 35th richest person in the world with an estimated net worth of US $19.3 billion.[5]
Belisario Domínguez Medal of Honor edit
The Senate of the Republic awarded Baillères the Belisario Domínguez Medal of Honor, Mexico's highest honor, on November 12, 2015.[8]
Personal life and death edit
Baillères was married to Teresa Gual,[9] they had seven children,[5] and lived in Mexico City.[1]
He died on 2 February 2022, at the age of 90.[10]
See also edit
References edit
- ^ a b c "Alberto Bailleres Gonzalez & family". Forbes. Retrieved 22 January 2021.
- ^ "Grupo BAL". Bal.com.mx. Retrieved 22 April 2017.
- ^ "Bienvenido a" (in Spanish). www.itam.mx. Retrieved 22 April 2017.
- ^ a b c "Alberto Baillères - Creating Emerging Markets - Harvard Business School". www.hbs.edu. Retrieved 9 August 2017.
- ^ a b c d "Bloomberg Billionaires Index". Bloomberg LP. Archived from the original on 14 December 2012.
- ^ a b c Fresnillo Board biography Archived 11 May 2011 at the Wayback Machine
- ^ "93.25m Blohm + Voss, Mayan Queen IV photos, specs and timeline". Yacht Harbour. Retrieved 12 October 2017.
- ^ "La Medalla de Honor Belisario Domínguez 2015: un premio a la desigualad". La Jornada de San Luis (in Spanish). 12 November 2015. Retrieved 28 August 2020.
- ^ "Alberto Baillères, el multimillonario discreto". abc. 17 January 2015. Retrieved 4 January 2019.
- ^ Noguez, Roberto (3 February 2022). "Fallece Alberto Baillères, expresidente de Palacio de Hierro y Grupo Bal". Forbes. Retrieved 4 February 2022.
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