Alberto Bailleres is a Mexican Billionaire and the owner of Grupo Bal and has a net worth of $5.7 billion. Alberto Bailleres accumulated his net worth through his controlling interest in mining company, department stores and insurance company, as well as head member of the board of ITAM, and as owner of several other businesses. He was born in Mexico.
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.
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. 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 center 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.