Alberto Baillères

Alberto Baillères chairman of Grupo BAL
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Alberto Baillères born 22 August 1931 is a Mexican billionaire businessman. As of August 2020, he has an estimated net worth of US $9.2 billion according to Forbes magazine. He is the chairman of Grupo BAL, and of ITAM. Alberto was born in Mexico City, the son of Raúl Baillères. He attended Culver Military Academy, in Culver, Indiana, US. In 1953 he received a bachelor’s degree in economics from Instituto Tecnologico Autonomo de Mexico (ITAM), in Mexico City.

Alberto Baillères took over as head of Grupo BAL aged 28, following the death of his father. He owns 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 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 centers 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.