Hello to all of you, today we are present with very sad news. If you are interested in the umbrella of art, then you must have heard the name Alberto Bailleres. Actually, he has died at the age of 90. Alberto was a Mexican business tycoon. They were especially considered patrons of higher education and the arts. It is very unfortunate that he died on 3rd Feb in Reuters in Mexico City. Would you like to know the business tycoon? So, stay with us. Alberto Bailleres was born in 1931. For a very long time, this was always the rich list of Phoebe’s magazines. And many times his partner Karos Slim and German Larry were also on this rich list with him.
Bailleres made his fortune after a long hard work in a range of industries. Apart from this, he was also an important sponsor of a very famous university.
Who Was Alberto Bailleres? How Did He Die?
Their hold was from silver industries to the mining industry. Bailleres was also the founder of the large industry Penoles, a mining company in Mexico. His net worth was around $8.6 billion, and this data is the data of Forbes Magazine in 2022.
The Instituto Tecnologico Autonomo de México (ITAM) was formed in 1946 by a banker’s organization and industrialist and famous businessman Raul Bailleres. So, Raul Bailleres was Alberto’s father.
And later on, for several decades, he remained the chairman of the board of trustees of this institute. Many noble people had passed out from this institute, who continued to contribute to the growth of the country for decades.
Murió Alberto Baillères, el cuarto hombre más rico de Méxicohttps://t.co/xDJRHKtqRa pic.twitter.com/KdNFZ1tnnP
— Aristegui Noticias (@AristeguiOnline) February 4, 2022
Mexico’s Silver King Billionaire Passed Away At 90
Many companies were created by Alberto and he was on the board members of many. Rather, he handled many companies himself. Their business is very spread, their companies are busy in everything from insurance to mineral business. And, the Grupo BAL is contained up to. Most of their headquarters are located in Mexico in a triangular building. So, this area is usually called the area of wealthy people.
JUST IN: Alberto Bailleres, a Mexican billionaire dubbed the nation's “King Midas” who once owned the world’s largest refined silver company, has died at 90 https://t.co/MOjOVaE2Zu
— Bloomberg (@business) February 4, 2022
Names of some of their major companies and their work.
- Grupo Palacio de Hierro (GPH1.MX) this company mainly handles the Chain of Upmarket department stores.
- Grupo Nacional Provincial (GNP.MX) a insurance company.
- Fresnillo (FRES.L) is a part of BAL company and is a mining company.
What Is Alberto Bailleres Cause Of Death? Check Death Reason, Family
By the way, Alberto was a less sociable and limelight avoider. But being the owner of the Palacio de Hierro store, which is 92 meters, his photographs were captured at some function or the other.
According to the website, Biography on the ITAM, Alberto was maintaining a sense of order and was a disciplined person. He acquired this ability during the study of Military school which is located in the United States.
The Foreign Minister of Mexico has expressed grief by writing a tweet to a “distinguished Mexican businessman”.
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