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by Nathan Smith on April 8, 2020

Mexico’s richest FX brokers – Our top 10 list

Mexico is located in the southern part of the United States. The post-independence period for the country was tumultuous, which was characterized by a week Mexican state and strong Catholic Church. Some of the actions were also determined by the intervention of the military in politics, economic equality as well as the political conflicts between the Conservatives, who were supported by the wealthy and Liberals.

Mexico has the world’s 15th largest economy by nominal GDP and it also is the 11th largest PPP. The economy of the country is linked to the North American Free Trade Agreement, which was signed in 1994, thus the country is linked to the United States strongly as well. Exactly in that same year, Mexico became the first Latin American member of the OECD. This was one of the best decisions and progressive moves. This was also classified as an upper-middle income country by the World Bank. Mexico is also classified as the newly industrialized country by several prominent analysts.

Mexico is considered both a regional power and a middle power and is often identified as an emerging global power. In the country full of many important features and even more things to say, there are some people who are especially outstanding with their positions and social power. There is a list of wealthiest people in Mexico.

Carlos Slim

 

Carlos SlimCarlos Slim Helú is a Mexican business head magnate, investor, as well as philanthropist. Slim was born on 28 January 1940, in Mexico City, to Julián Slim Haddad (born Khalil Salim Haddad Aglamaz) and Linda Helú Atta, both Maronite Christians from Lebanon. From 2010 to 2013, Slim was positioned as the richest individual on the planet by Forbes business magazine. He got his fortune from his broad possessions in an extensive number of Mexican organizations through his conglomerate, Grupo Carso. As of February 2020, he is the fifth richest person in the world following the Forbes’ listing of The World’s Billionaires, with he and his family having total net worth evaluated at $68.9 billion. He is the richest person in the whole of Latin America.

His conglomerate incorporates education, health insurance, industrial manufacturing, transportation, land or the real estate, media, hospitality, entertainment, high-tech, retail, sports, and monetary services. He represents 40% of the listings on the Mexican Stock Exchange, while his total asset is equal to around 6 percent of Mexico’s gross domestic product (GDP). As of 2016, he is the biggest single shareholder and investor of The New York Times Company.

Slim always knew he wanted to be a businessman and began to develop his business and investment acumen at a young age. He received business lessons from his father Julián, who taught him finance, management, and accounting, teaching him how to read financial statements as well as the importance of keeping accurate financial records, a practice that Slim carries on to this day.

Carlos has been openly skeptical of The Giving Pledge by Bill Gates and Warren Buffett giving ceaselessly in half of their fortunes. In any case, as indicated by his representative—he devoted US$4 billion, or generally 5%, to his Carlos Slim Fund as of 2011. Though Slim has not gone similar to Gates and Buffett in promising the greater part of his fortune, Slim has expressed firm support for philanthropy and has advised budding entrepreneurs that businessmen must do more than give‍—‌they “should participate in solving problems”. Slim has diverted his magnanimous undertakings into numerous activities, for example, financing a genomic medication explore venture, sponsoring various arts and educational events and activities in Mexico City, including the Museo Soumaya (named after his late spouse), which shows his art assortment which is also completely free to enter and guests are not charged for entrance.

Slim founded three nonprofit foundations concentrating on Mexico City: one for the arts, education, and health care; one for sports; and one for downtown restoration. As of December 2016, his net worth was US$48.1 billion. In 2017, his net worth was reported to be $54.5 billion. In 2019, his net worth was said to be at least $58.1 billion, making him the richest man in Mexico.

Germán Larrea Mota-Velasco

 

Germán Larrea Mota-VelascoEssential details about Larrea’s life are yet unknown and are relatively sketchy.  His age is not known exactly either. It is differently given as 60 and 73. Wikipedia, both in English and Spanish, says he was brought into the world on July 8, 1941. He is said to be married and have in any event, two kids.

His corporations don’t say much regarding him. For instance, U.S.- based Southern Copper Corp., 75% claimed by Larrea’s mining and infrastructure giant Grupo México, lists him as Chairman of the Board and Director, yet constrains his CV to a rundown of present and past corporate positions. Grupo México’s page doesn’t list telephone numbers, and email addresses, or press contact.

Other information based on the facts includes that Larrea possesses extravagance land in Florida and Chicago. A portion of these properties has brought him lawsuits over concessions requested by Larrea and affirmed infringement of agreement systems. U.S. legal records show that Larrea has wouldn’t affirm. They additionally show that Larrea has concealed his identity as the buyer with shell corporations of which he is the sole member, something that happens regularly in real estate transactions.

Larrea’s eagerness to settle the question may have been impacted by his longing to bid for one of the two TV channels that the government is making under the new media communications law that tries to instigate rivalry. Right now, Grupo Televisa catches 70% of Mexico’s TV audience.

On September 19, Larrea left the position on the board Televisa to maintain a strategic distance from a potential irreconcilable circumstance. Televisa said in an announcement declaring the acquiescence that Larrea intends to partake in the offering for another TV network. According to Forbes México, there are in any event seven progressively potential bidders, however, Larrea is the most financially stable.

German Larrea Mota Velasco is now worth an expected $14.9 billion, as mentioned by Forbes. He positioned number #67 on Forbes 2014 World’s Billionaires list as well, making him one of the richest Mexican man.

Alberto Baillères

 

Alberto BaillèresAlberto Baillères born on the 22nd  of August 1931, is a Mexican billionaire businessman. Starting in 2019, he has expected total assets of US$8.3 billion according to Forbes. He is the executive of Grupo BAL, and of ITAM.

He was born in Mexico City in one of the richest Mexican families, the child of Raúl Baillères. Baillères attended Culver Military Academy, in Culver, Indiana, US. In 1953 he got a four-year certification in financial aspects from Instituto Tecnológico Autónomo de México (ITAM), in Mexico City. Baillères took over as head of Grupo BAL at a very young age of only 28, after his late father.

He claims Grupo BAL, which controls a significant number of different organizations including Industrias Peñoles/ Peñoles, the second most significant Mexican mining organization, and the world’s biggest silver producer, El Palacio de Hierro, a chain of retail and department stores.  The majority of the part is found in Mexico City, Grupo Nacional Provincial, the main totally Mexican possessed insurance company, Grupo Profuturo, a benefits, and annuities business. He is one of the representatives of the directorate of Fresnillo plc.

He is likewise ahead individual from the board of ITAM, one of Mexico’s top advanced education centers and thinktank, and proprietor of different organizations related to money-related services, farming, and bullfighting. He is the proprietor of the 92m yacht Mayan Queen IV. As of October 2012, Bloomberg records Baillères as the 35th richest person on the planet with estimated total assets of US $19.3 billion, entering the list of the Mexican billionaires. Baillères is married to Teresa Gual, they have seven children. Currently, it is known that he lives in Mexico City.

María Asunción Aramburuzabala

 

María Asunción AramburuzabalaMaría Asunción Aramburuzabala Larregui is one of the most successful billionaire woman. Her net worth is around $5 billion, while she is also the chairperson of Tresalia Capital. 

María Asunción Aramburuzabala Larregui also known ad Marisun, was born on 2 May 1963 in Mexico City. She is the granddaughter of Félix Aramburuzabala Lazcano-Iturburu, a Spanish Basque immigrant who co-founded the Mexican brewery Grupo Modelo in 1925 with his friend and partner Pablo Díez Fernández. Her father was the Executive Vice President of the Grupo Modelo brewery. Aramburuzabala graduated from the Instituto Tecnológico Autónomo de México where she majored in accounting.

The Mexican brewery, Cervecería Modelo, was founded in 1925 by a group of businessmen, including don Pablo Díez Fernández — who became the company’s President, CEO, and major stockholder — and Felix Aramburuzabala. Felix’s son, Pablo Aramburuzabala, the executive vice president of the brewery, died unexpectedly in 1995 of lung cancer at the age of 63. After his death, several groups of rich Mexicans tried to gain control of his family’s share in Modelo — his wife and two daughters bonded together against these groups.

The family created Tresalia Capital (“tres aliadas” or three allies) in order to diversify the family investments. Through Tresalia, they have made investments in large Mexican companies, as well as the management of private equity, real estate, infrastructure, venture capital, technology, and the creation of new companies.

In 1982 she married Paulo Patricio, Zapata Navarro. They had two children and divorced in 1997. On 26 February 2005, she married Tony Garza, US ambassador to Mexico, in a small religious ceremony in Mexico City. On 23 April, they had the civil ceremony near Valle de Bravo, west of Mexico City. U.S. First Lady Laura Bush attended the ceremony. The couple divorced in May 2010.

After Grupo Modelo’s sale, she reinvested her proceeds into Anheuser-Busch InBev continuing the family tradition in the beer business. With a net worth estimated at $5.9 billion, she is the sixth richest person and second richest woman in Mexico.

Eva Gonda de Rivera

 

Eva Gonda de RiveraEva Gonda de Rivera is a Mexican billionaire heiress and representative. Alongside her little girls, she claims a significant stake in the FEMSA beverage company, which is in charge of convenience stores and bottling plants across Mexico and Latin America, which makes her one of the richest Mexican woman.

Rivera was married to Eugenio Garza Lagüera until he passed away in 2008. Her total assets in 2019, according to Forbes magazine, is $6.2 billion. Eva was born in Monterrey, Nuevo León, Rivera earned a four-year college education from the Monterrey Institute of Technology, where she met Garza Lagüera. They were married in 1957.

Rivera lives in Monterrey. She has four little girls; Eva Maria Garza Lagüera Gonda is now married to the present CEO of FEMSA, José Antonio Fernández Carbajal.

Juan Beckmann Vidal

 

Juan Beckmann VidalJuan Francisco Beckmann Vidal is a Mexican billionaire businessman, the owner of 70% of the José Cuervo tequila brand. Juan Beckmann Vidal was born in Mexico City and spent his childhood in Tijuana.

In 1970, Beckmann Vidal assumed responsibility for the tequila maker José Cuervo, which has been possessed by his family for 11 ages. In 2011, Beckmann Vidal was still president of José Cuervo.

He is married to Maria de Jesus Dora Legorreta Santos, they have three children, and live in Mexico City. Together with his child, through Fambech Luxco, a Luxembourg organization, he claims three apartments on the 31st floor of New York’s Trump Tower. His son Juan Domingo Beckmann, is the current CEO of Jose Cuervo, which also makes him the descendant of one of the richest families in Mexico.

Jerónimo Arango

 

Jerónimo ArangoJerónimo Julio Arango Arias was a Mexican billionaire businessman, co-founder of the Aurrerá supermarket chain, with his younger siblings, Manuel and Plácido, referred to for quite a while as three of Mexico’s richest men. His total assets were evaluated at US$4.6 billion.

Arango founded his Aurrerá retail stores in 1958 after a trip to New York where he witnessed people standing in long lines to obtain discounts; he decided to open one that sold at discount, emphasizing cost over other niceties. The stores flourished and eventually, his family’s company, Grupo CIFRA, was the largest supermarket chain in Mexico including Aurrerá and Superama stores as well as restaurants (VIPs and El Portón) and fashion stores (Suburbia).

By 1991, Arango partnered with Wal-Mart, a move that eventually brought the Wal-Mart retail stores to Mexico. The Mexican chain was later renamed Walmex and became the starting point for Wal-Mart’s expansion in Mexico. By 1997 the Arango family decided to sell majority shareholding of CIFRA to Wal-Mart in a transaction worth over $2 billion.

Manuel, Jerónimo’s brother is the president of the Mexican Center for Philanthropy as well for more than ten different non-profit organizations. He won two Academy Awards in the 1970s for the production of a well-known documentary about pre-Hispanic life. Manuel’s wife, Marie-Therese Arango, is the president of the Mexican Folk Art Museum.

Prior to his death, his residence was in Los Angeles, California. Arango died on 4 April 2020 due to natural causes. Though he still occupies the important title in the list of the richest men in Mexico.

Ricardo Salinas Pliego

 

Ricardo Salinas PliegoRicardo Benjamín Salinas Pliego is a Mexican businessman, the founder and chairman of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services, and retail stores.

Ricardo Salinas Pliego is a CPA graduate of the ITESM. After earning his MBA at Tulane University, he joined Elektra in 1981 as an import manager. He learned the business moves when the company was in dire financial straits at the continuing devaluation of 80. Between 1981 and 1986, Salinas experimented with other businesses such as a restaurant in Monterrey, satellite dishes, and the sale of systems multi communication.

In 1987 Ricardo succeeded his father Hugo Salinas Price as CEO of Grupo Elektra. The company began as a family-owned furniture manufacturing company called Salinas & Rocha founded in 1906 by Salinas’ great-grandfather, Benjamin Salinas. In 1950, Hugo Salinas Rocha created Grupo Elektra, and when Ricardo Salinas became CEO of the company in 1987 he refocused Elektra on basic products: appliances, electronics, and furniture. Significantly, he developed at Elektra a vast new consumer market among Mexico’s lower middle income consumers by providing credit sales and diverse financial products and services.

Salinas formed the nonprofit Fundación Azteca in 1997 to address a broad range of social problems with ongoing campaigns in healthcare and nutrition, education, and the protection of the environment. It is a foundation that finances and supports other foundations. Fundación Azteca has raised millions of dollars, benefiting hundreds of thousands of lives. In 2005, Salinas launched Fundación Azteca America, which is committed to improving the well-being of the Hispanic community in the United States by functioning as a nationwide bridge between donors and Hispanic foundations.

He also created Fundacion Azteca El Salvador, Fundacion Azteca Guatemala and Fundacion Azteca Peru, Fomento Cultural Grupo Salinas, Caminos de la Libertad, Kybernus, in addition to sponsoring Ciudad de las Ideas.

Salinas has been involved in a series of political and financial scandals (which include investigations by the American Securities and Exchange Commission and the Mexican Comisión Nacional Bancaria y de Valores), and has been linked to ex-President Carlos Salinas de Gortari. Salinas was charged by the American Securities and Exchange Commission in January 2005 with being engaged in an elaborate scheme to conceal Salinas’s role in a series of transactions through which he personally profited by $109 million.

He is the third richest person in Mexico and the 110th richest person in the world with an estimated net worth of US$13.2 billion.

Carlos Hank Rhon

 

Carlos Hank RhonThis Mexican is 71, and he has done his share of good work. He successfully pursued an engineering degree from the Universidad National Autonoma de Mexico. He had a good foundation that was deeply anchored in his father’s successful political career. Carlos Hank Gonzalez was mayor, cabinet secretary and governor at the highlights of his career. He set up his son, Carlos Hank Rhon, with an excellent education, powerful connections, and a generous capital base. Now, Carlos Hank Rhon is worth 2.1 billion dollars, making him one of the Mexican dollar billionaires.

The most notable infrastructure improvement in Tijuana during the Hank administration was the multi-million investment on an underpass at the Alba Roja intersection, just south of the 5 y 10 intersections. The 5 y 10 intersection is one of the most famous in the city and with the heaviest traffic. The investment was for a figure close to 45 million pesos, more than four million dollars.

The engineer ventured into banking, tourism, energy, infrastructure, and auto dealerships. He manages that entire portfolio under Grupo Hermes. Carlos even got himself another billionaire’s daughter for a wife.

Carlos Hank Rohn’s fortune includes assets in construction, financial services, and more. He is the son of the late politician Carlos Hank Gonzalez, who served as Mexico City mayor, Secretary of Agriculture, and governor of his home state. In October 2017, Mexico’s Grupo Banorte said it would pay $1.4 billion in stock and cash to acquire Hank Rhon’s Grupo Financiero Interacciones.

Hank Rhon’s wife is the daughter of Roberto Gonzalez, the founder of Grupo Banorte. Hank Rhon also owns Grupo Hermes, an industrial conglomerate with interests in construction, infrastructure, energy, tourism, and auto dealerships.

Emilio Azcarraga Jean

 

Emilio Azcarraga JeanThis 50-year old billionaire successfully pursued a Bachelor’s degree in Industrial Relations from Iberoamericana University. His excellent managerial and administrative skills were further sharpened at the Business Institute of Madrid where he earned a Master’s degree. He is fortunate enough to be the son of one of the richest people in Mexico, Emilio Acarraga Vidaurrieta, who founded Televisa.

He became the CEO of Grupo Televisa at the age of 29, after the death of his father. He is one of the richest businesspersons in Latin America, ranked seventh-richest in Mexico and 512th-richest globally with a fortune estimated at $2.3 billion back in 2011.

He is also a Board Member of Univision and Banamex. Azcárraga Jean is also a global board member of Endeavor. Endeavor is an international non-profit development organization that finds and supports high-impact entrepreneurs in emerging markets.

Azcárraga Jean is widely credited for turning around Televisa into a prosperous company after the death of his father. Azcárraga, together with his close friends and colleagues José Bastón, Alfonso de Angoitia Noriega and Bernardo Gómez was able to bring Televisa back from near bankruptcy.

On October 26, 2017, Televisa announced that Azcárraga Jean was stepping down as CEO of the firm on January 1, 2018. This decision came amid Televisa’s declining advertisement sales and growing competition in the online market. The television company was already the biggest in Mexico before Jean took it over, and he’s had plenty of time to rack up his net worth over the years. He is now worth 3.1 billion dollars. This makes him enter the list of the richest Mexicans in 2021.

By Nathan Smith

Nathan has been working as a corporate lawyer for the last 20 years mostly focusing on large financial companies as clients. His hands-on experience with compliance and regulatory guidelines makes him the perfect writer for regulation guides and broker reviews right here on Top Forex Trading Brokers!

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