OFFICIAL FORBES LIST: The 10 Richest Billionaires Of Latin America & The Caribbean

10. Alberto Baillères – $7 Billion

Alberto Baillères (born 22 August 1931)[2] is a Mexican billionaire businessman. As of 2019, he has an estimated net worth of US$8.3 billion according to Forbes. He is the chairman of Grupo BAL, and of ITAM.
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.

As of October 2012, Bloomberg lists Baillères as the 35th richest person in the world with an estimated net worth of US $19.3 billion.