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Alberto Baillères is the son of Raúl Bailleres. He is today the third richest man in Mexico, and ninth in Latin America, according to Forbes Magazine. He owns a holding company called Grupo Bal, that 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 departaments stores mainly located in Mexico City, Grupo Nacional Provincial the only entirely Mexican owned insurance company, and other businesses related with financial services, agriculture and bullfighting.
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