Ricardo Salinas Pliego Net Worth

Table: Ricardo Salinas Pliego’s Information

What is Ricardo Salinas Pliego’s Net Worth?

Ricardo Salinas Pliego’s net worth is an impressive $13.3 billion, making him one of the wealthiest individuals in Mexico. Over time, he has consistently ranked as one of Mexico’s richest people, often trailing only Carlos Slim Helu. Salinas Pliego amassed his fortune by founding and leading Grupo Salinas, a conglomerate operating in the fields of media, retail, banking, and telecommunications.

Highlights

– Ricardo Salinas Pliego has a net worth of $13.3 billion.

– He is one of the richest individuals in Mexico.

– Salinas Pliego is the founder of Grupo Salinas, a conglomerate operating in various industries.

Early Life

Ricardo Salinas Pliego was born on October 19, 1955, in Monterrey, Mexico. He attended the Tecnologio de Monterrey before earning his MBA from Tulane University.

Career

Salinas Pliego inherited Grupo Elektra, his great-grandfather’s company, which was initially a furniture manufacturer named Salinas & Rocha. Under his leadership, the company expanded to include consumer appliances, consumer finance, television, radio, and retail. Notably, Elektra pioneered selling appliances, electronics, and furniture on credit to Mexico’s lower and middle income consumers. However, this practice received criticism for potentially lending to individuals with limited means to make repayments.

In the early 1990s, Salinas Pliego won a government auction and acquired Imevision, a state-owned media conglomerate. He renamed it TV Azteca, which became one of the most comprehensive integrated television channels globally. TV Azteca launched Azteca America, a widely popular Spanish-language channel in the United States. Salinas Pliego sold Azteca America to HC2 Network Inc in 2017.

In 2001, Salinas Pliego formed a new holding company called Grupo Salinas, consolidating his empire. A year later, Grupo Salinas obtained a rare license to establish a bank, resulting in the creation of Banco Azteca. Today, Banco Azteca specializes in small business loans, credit cards, mortgages, and other microloans. Salinas Pliego also acquired Mexico’s first cell phone company, Iusacell, eventually merging it with telecommunications company Unefon.

In addition to his business ventures, Salinas Pliego owns the Mazatlan F.C. football club and the Italika motorcycle company. Moreover, in 2012, he purchased Advance America, the largest payday lender in the United States.

Personal Life

Ricardo Salinas Pliego is married to María Laura Medina, and they have six children together: Ricardo Emilio Salinas Medina, Ninfa Salinas Sada, Benjamín Salinas Sada, Hugo Salinas Sada, María Emilia Salinas Sada, and Juan Cristóbal Salinas Sada. In his personal life, Salinas Pliego is known for being outspoken on social media, frequently criticizing the Mexican government and being involved in various controversies.

Net Worth Over Time

Ricardo Salinas Pliego’s net worth has seen considerable growth over time. Starting as the CEO of Grupo Elektra in 1987, he expanded his empire’s reach into multiple industries. With successful ventures in media, retail, banking, and telecommunications, Salinas Pliego’s net worth has soared to an impressive $13.3 billion.

Components of Net Worth

Salinas Pliego’s net worth primarily stems from his ownership and leadership positions within Grupo Salinas, which encompasses Grupo Elektra, TV Azteca, and Banco Azteca. Additionally, his acquisitions of other companies and ventures in the United States and other countries have contributed to his wealth. Furthermore, Salinas Pliego’s various luxury assets, including a yacht and multiple mansions, also add to his overall net worth.

Disclaimer: All net worth figures are estimated using publicly available information and are subject to change. While we strive for accuracy, these figures should be regarded as estimations.

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