Bailleres Gonzalez family

A business empire that spans across the industrial, commercial and financial sectors, making the Bailléres family one of Mexico’s richest. Operating through their holding company, Grupo BAL, the family’s estimated net worth is $6.9 billion.
After a stint in New York City finance, Raúl Bailléres Chávez entered the Mexican mining industry in the early 1900s. He later founded Banca Cremi, which was granted Mexico’s first financial concession specialising in mining in 1934. More credit and banking institutions followed, as did investments in the brewing and textile industries, and Bailléres co-founded the Mexican Association of Culture in 1946. After his death in 1967, Raúl Bailléres’ son, Alberto Baillères Gonzalez, became head of Grupo BAL. Today, Alberto Baillères Gonzalez is chair of Mexico’s second-largest mining company and one of the world’s largest silver mining operations. He also controls department store chain, Palacio de Hierro, and insurance company, Grupo Nacional Provincial. Alberto’s son, Alejandro Baillères, serves as Grupo Nacional Provincial’s CEO and is a member of Grupo BAL’s board.