With what business did Alberto Baillères become a millionaire

According to “Forbes”, Alberto Baillères increased his fortune to USD 10,489 million (Photo: Twitter/@luisghernan)

The afternoon of this Thursday, February 3, it transpired that Alberto Baillères González passed away at the age of 90. The call Mexican King Midas He had positioned himself as the fourth richest man in the country, possessing a fortune of USD 10,489 million.

Based on portal reports Forbes, in 2021 his fortune amounted to such an amount and it was only surpassed by businessmen Carlos Slim, Germán Larrea and Ricardo Salinas Pliego. And it is that among the businesses that led him to amass said capital, are the Palacio de Hierro department stores, the silver producing mine Frenillo and Seguros GNP, to name a few.

However, one of the businesses that generated the most wealth for the tycoon was consolidated until the 1990s, when Industria Peñoles appropriated 100% of the shares of the mine Frenillo. According to Forbes, the silver producer is one of the most profitable mines in the world.

One of the businessman's main businesses was with Industrias Peñoles (Photo: Diego Simón Sánchez/Cuartoscuro.com)
One of the businessman’s main businesses was with Industrias Peñoles (Photo: Diego Simón Sánchez/Cuartoscuro.com)

Industria Peñoles is a business that he inherited in the 1960s after the death of his father, the Mexican businessman Raúl Baillères Chávez, who founded the company on March 1, 1887 in the city of Torreón, Coahuila.

Even during 2020 -despite the COVID-19 pandemic-, the tycoon increased his economic capital thanks to mining, since it was reported that the company Peñoles increased its sales by 30.5% during the last three months of the preceding year.

And it is that beyond Fresnillo, the businessman who retired in 2021 He also owned the Bismark, Francisco I. Madero, Milpillas, Naica, Sabinas, Tizapa, Valderña and Capela mines. As well as the areas responsible for gold extraction in Saucito, Zacatecas; Good Night, Sonora; as well as San Julián and Soledad, Coahuila.

Information in development…

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Reference-www.infobae.com

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