Alberto Baillères is the son of Raúl Bailleres

Raúl Baillères

Raúl Baillères created a business empire in Mexico. He founded the "Instituto Tecnológico Autónomo de México" on March 29, 1946....

. He is today the second richest man in Mexico

Mexico

The United Mexican States , commonly known as Mexico , is a federal constitutional republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize, and the Caribbean Sea; and on the east by the Gulf of...

, and fourth in Latin America

Latin America

Latin America is a region of the Americas where Romance languages  – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...

, according to Forbes Magazine.

Overview

He owns a holding company called Grupo Bal, which controls a large number of other companies like Industrias Peñoles / Peñoles

Peñoles

Peñoles , based in Mexico City, Mexico, is a subsidiary company 100 percent Mexican and owned by the private Grupo Bal. Peñoles is the second largest Mexican mining company, the first Mexican producer of gold, zinc and lead and the world leader in silver production. Peñoles is a company with active...

 the second most important Mexican mining company and the first silver world producer, El Palacio de Hierro

El Palacio de Hierro

El Palacio de Hierro is an upscale chain of department stores in Mexico.-History:In the 1850s, a clothing store opened in Mexico City called "Las Fábricas de Francia" which was owned by Victor Gassier, a Frenchman...

, a chain of departments stores mainly located in Mexico City

Mexico City

Mexico City is the Federal District , capital of Mexico and seat of the federal powers of the Mexican Union. It is a federal entity within Mexico which is not part of any one of the 31 Mexican states but belongs to the federation as a whole...

, 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

Fresnillo plc

Fresnillo plc is a Mexican-based precious metals mining company incorporated in the United Kingdom and headquartered in Mexico City in Polanco, next door to the Palacio de Hierro department store. Fresnillo is the world's largest producer of silver from ore and Mexico's second-largest gold miner...

.

He is also a head member of the board of ITAM

ITAM

ITAM may refer to:*Instituto Tecnológico Autónomo de México, a private research university located in Mexico City, Mexico*IT asset management*Immunoreceptor tyrosine-based activation motif...

, one of Mexico's top higher education center and thinktank, and owner of other businesses related with financial services, agriculture

Agriculture

Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...

 and bullfighting

Bullfighting

Bullfighting is a traditional spectacle of Spain, Portugal, southern France and some Latin American countries , in which one or more bulls are baited in a bullring for sport and entertainment...

.
He is the owner of the 92m yacht Mayan Queen IV.