Showing posts with label selling. Show all posts
Showing posts with label selling. Show all posts

Thursday, 12 February 2009

The 88th wealthiest man in the world -Part 2 - Alberto Baillères


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.

The 89th wealthiest man in the world -Part 1 -Ronald Perelman


Ronald Owen Perelman is an American billionaire investor who made his fortune buying beleaguered corporations and re-selling them later for enormous profits. Once the richest man in America, he is now the 26th richest American, with an estimated wealth of USD$11.5 billion. He has invested in grocery, cigar, licorice, makeup, car, photography, television, camping, security, lottery, jewelry, banks, and comic book companies. Throughout Perelman's tenure at the Belmont Iron Works (later renamed Belmont Industries) he assisted his father, Raymond, on many other deals, earning millions of dollars in the process. Their general strategy was one Perelman would follow for the rest of his life: Purchase a company, sell off superfluous divisions to reduce debt and generate profit, bring the company back to its core business, and either sell it or hang onto it for cash flow.