Alberto Baillères is the son of Raúl Bailleres. He is today the second richest man in Mexico, and fourth in Latin America, according to Forbes Magazine.[1]
He owns a holding company called Grupo Bal, which 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 departments stores mainly located in Mexico City, Grupo Nacional Provincial, the only entirely Mexican owned insurance company, Grupo Profuturo, a pensions and annuities business.[2] He sits on the Board of Directors of Fresnillo plc.[2]
He is also a head member of the board of ITAM, one of Mexico's top higher education center and thinktank, and owner of other businesses related with financial services, agriculture and bullfighting.[2] He is the owner of the 92m yacht Mayan Queen IV.