Ricardo Salinas Pliego Net Worth: How Rich Is the Third Wealthiest Person in Mexico?

Ricardo Salinas Pliego was born in Monterrey, Mexico, on October 19, 1955. He is a prominent figure in the business world, known for his diverse portfolio of ventures spanning media, telecommunications, retail, and financial services, per Billionaire Index.

As the founder and chairman of Grupo Salinas, he has established himself as one of Mexico's most influential corporate executives, with a track record of driving economic growth and development in the country.

Salinas Pliego's educational background is noteworthy, having earned a Bachelor's degree from Tecnologico de Monterrey and a Master of Business Administration from Tulane University in New Orleans, Louisiana. His academic achievements have undoubtedly contributed to his success and strategic insight.

Among his notable roles, Salinas Pliego serves as the CEO of Grupo Salinas, overseeing its multifaceted operations. Additionally, he holds the position of owner and head of Azteca, a leading media company in Mexico, demonstrating his significant influence in television and broadcasting.

Not content with his business pursuits alone, Salinas Pliego has also demonstrated a commitment to philanthropy through the Ricardo Salinas Establishment. This organization has supported various charitable initiatives, promoted education and bolstering the Mexican economy.

Ricardo Salinas Pliego Source of Wealth

In Mexican business, few names hold as much weight as Ricardo Salinas Pliego. This influential figure has amassed a formidable empire through two prominent holding corporations: Grupo Salinas and Grupo Elektra, with ownership stakes in several of Mexico's top corporations, according to SuperYachtFan.

Salinas Pliego's vast business portfolio includes ownership of TV Azteca, Elektra, Grupo Lusacell, Unefon, and Banco Azteca, to name a few. These enterprises span diverse sectors such as media, telecommunications, retail, and finance, highlighting the breadth of his influence.

The Salinas family's business legacy can be traced to Benjamin Salinas, Ricardo Salinas Pliego's great-grandfather, who established the furniture manufacturing company Salinas & Rocha in 1906. Building on this foundation, Salinas Pliego's grandfather went on to show Grupo Elektra in 1950, setting the stage for future success.

Upon assuming the CEO role in 1987, Ricardo Salinas Pliego reshaped Elektra's strategy, refocusing the company on providing essential goods like home appliances, electronics, and furnishings. By offering credit sales and a wide range of financial products and services, he successfully expanded Elektra's customer base among Mexico's lower middle class, cementing the company's status as a household name.

TV Azteca, another jewel in Salinas Pliego's crown, is one of the world's largest producers of Spanish-language television. Grupo Lusacell, a significant player in Mexico's wireless telecommunications sector, owns TV Azteca and further strengthens Salinas Pliego's grip on the industry. In addition, Grupo Lusacell operates Unefon, another prominent telecommunications company.

Ricardo Salinas Pliego's Net Worth and Family

The third wealthiest person in Mexico, Ricardo Salinas Pliego net worth of $13.8 billion, according to Forbes.

Beyond his impressive business endeavors, Salinas Pliego also cherishes his role as a family man. The influential Mexican entrepreneur has been married twice and is the proud father of six children, each representing a unique chapter in his personal life, MorningExpress noted.

With his first wife, Ninfa Sada Garza, Salinas welcomed three children: Ninfa, Benjamin, and Hugo Salinas Sada.

Following his first marriage, Salinas embarked on a new chapter with his second wife, Maria Laura Medina. Together, they welcomed three more children into their family: Mariano Mateo, Cristóbal Patricio, and Ricardo Emilio.

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Written by: Bert Hoover

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