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, and other businesses related with financial services, agriculture and bullfighting.
