Mexico’s 84-Year-Old Mining Mogul Just Made a Cool $2.2 Billion

07/07/16 Bloomberg

peso by Guanatos GwynMexico’s peso has taken a hit this year as turmoil fueled by the U.K.’s secession from the European Union and U.S. political uncertainty prompt a flight from risk. One businessman south of the border can thank the upheaval for his recent good fortune: Alberto Bailleres.

The 84-year-old Mexican mogul, who controls silver and gold miners Industrias Penoles SAB and Fresnillo Plc, saw his net worth swell by $2.2 billion in June to $13.1 billion, more than any other magnate in the world, according to the Bloomberg’s Billionaires Index. Penoles is Mexico’s top-performing stock this year and Fresnillo is London’s big winner as investors flock to precious metals.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s