Through his holding company Grupo Bal, Bailleres maintains public holdings in mining and refining (Fresnillo, Industrias Penoles), insurance (Grupo Nacional Provincial, Grupo Profuturo) and department store chain Grupo Palacio de Hierro. He also owns a number of closely held companies, including brokerage firm Valmex and health-care operator Medica Integral.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
The 40 richest individuals on Earth lost a combined $6.2 billion yesterday as stocks dropped amid disappointing U.S. earnings, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people.
Industrias Penoles SAB, the world’s largest producer of refined silver, will spend about the same on capital expenses this year as it did in 2011 as it seeks to boost production and reduce energy costs.
Fresnillo Plc, the world’s largest primary silver miner, will have the capacity to produce 10 million ounces of silver and 50,000 ounces of gold in 2013 at its Saucito mine in north-central Mexico, the company said in a statement.