Alejandro Baillères Gual

August 16, 2021 | 11:23 AM
  • Sector: Holding
  • Company: Grupo BAL
  • Country: México

Alejandro Baillères Gual took the reins of the empire built by Alberto Baillères in Grupo Bal, a conglomerate that includes mining giants such as Peñoles, insurance companies such as GNP and the department store chain El Palacio de Hierro. Following the endorsement of President Andrés Manuel López Obrador for the business succession in April 2021, the Stanford University graduate will have the challenge of maintaining and increasing the business he inherited from his father, the fourth richest man in Mexico with a fortune of US$9.4 billion, according to the Bloomberg Billionaires Index.