The richest men in Mexico: How much did their fortune grow in 2023?

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The year 2023 was a good one for the richest men in Mexico, according to the Forbes ranking. The combined wealth of the 12 Mexican billionaires on the list increased by 23.7%, from $97.9 billion to $121.1 billion.

The richest man in Mexico and the 12th richest in the world is Carlos Slim Helú, who owns América Móvil, Grupo Carso, and other businesses. His fortune grew by 26.8%, from $52.1 billion to $66.1 billion.

The second richest man in Mexico and the 48th richest in the world is Germán Larrea Mota Velasco, who controls Grupo México, the largest mining company in the country. His fortune grew by 21.4%, from $25.9 billion to $31.4 billion.

The third richest man in Mexico and the 166th richest in the world is Ricardo Salinas Pliego, who owns Grupo Salinas, which includes TV Azteca, Elektra, Banco Azteca, and other businesses. His fortune grew by 58.6%, from $11.7 billion to $18.5 billion.

The fourth richest man in Mexico and the 203rd richest in the world is Alberto Baillères González, who presides over Grupo Bal, a conglomerate that includes Industrias Peñoles, Grupo Palacio de Hierro, Grupo Nacional Provincial, and others. His fortune grew by 2.2%, from $6.4 billion to $6.5 billion.

The fifth richest man in Mexico and the 237th richest in the world is María Asunción Aramburuzabala, who inherited a stake in Grupo Modelo, the brewer of Corona beer, and has diversified her investments in real estate, media, and technology. Her fortune grew by 25%, from $5.8 billion to $7.2 billion.

The other Mexican billionaires on the Forbes list are:

  • Juan Francisco Beckmann Vidal, who owns tequila maker José Cuervo. His fortune grew by 28.6%, from $4.3 billion to $5.5 billion.
  • Antonio del Valle Ruiz, who leads a group of investors that own Mexichem, a chemical and petrochemical company. His fortune grew by 8.3%, from $4.8 billion to $5.2 billion.
  • Carlos Hank Rhon, who heads Grupo Financiero Banorte, the third largest bank in Mexico. His fortune grew by 10.6%, from $4.2 billion to $4.6 billion.
  • Jerónimo Arango, who co-founded Cifra, the retail chain that partnered with Walmart in Mexico. His fortune grew by 9.5%, from $4.2 billion to $4.6 billion.
  • Roberto Hernández Ramírez, who sold his stake in Banamex to Citigroup in 2001 and has invested in tourism and conservation projects. His fortune grew by 9.5%, from $4.2 billion to $4.6 billion.
  • David Peñaloza Alanis, who runs Pinfra, a construction and infrastructure company. His fortune grew by 23.1%, from $2.6 billion to $3.2 billion.
  • Emilio Azcárraga Jean, who leads Grupo Televisa, the largest media company in Latin America. His fortune grew by 20%, from $2.4 billion to $2.9 billion.

Source: El Economista