Ricardo Salinas Pliego Net Worth is$17.4 Billion
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Profession: Businessperson
Date of Birth: 1956
Country: Mexico
Net Worth: View Ricardo Salinas Pliego Net Worth
What is Ricardo Salinas Pliego's net worth? Ricardo Salina Pliego's net worth is $17.4 billion dollars which makes him one of the richest people in Mexico. Born in Mexico, Ricardo Salinas Pliego graduated from the Tecnologio de Monterrey, and then earned his MBA from Tulane University. He inherited his great-grandfather's company, Grupo Elektra. The company was founded in 1905, and began as a firm for furniture manufacturing, but has since expanded to include consumer appliances. The company also added a consumer finance arm. Ricardo Salinas Pliego is also the CEO of TV Azteca, which has become the most wide-reaching integrated television channel in the world. TV Azteca is also the umbrella network for Azteca America, an immensely popular Spanish-language channel in the United States, which currently broadcasts to 89% of the Spanish-speaking population in the US. He also oversees Unefon, a telecommunications company, and Grupo Iusacell, a wireless communications firm. All of his various corporations, with the exception of Grupo Elektra, function under the umbrella of his holding company, Grupo Salinas.
Ricardo Benjamin Salinas Pliego (born 1956) is a Mexican businessman and one of Forbes World's Richest People since 2000. He serves as President and CEO of Grupo Salinas and Grupo Elektra, two holdings with interests vested in telecommunications, media and retail stores, among those TV Azteca, Elektra, Iusacell, Unefon, and Banco Azteca.
He is the second richest person in Mexico and the 34th richest person in the world with a wealth of around US $17.4 billion in 2012.
Ricardo B. Salinas is one of Latin America's wealthiest people. He is the founder of Grupo Salinas, which includes several the largest companies in Mexico.
Grupo Salinas began as a family-owned furniture manufacturing company called Salinas & Rocha founded in 1906 by Mr. Salinas' great-grandfather, Benjamin Salinas. In 1950, Mr. Salinas' grandfather created Grupo Elektra, and when Ricardo Salinas became CEO of the company in 1987, Elektra averted financial distress following the devaluation of the peso. Mr. Salinas refocused Elektra on basic products: appliances, electronics, and furniture. Significantly, he developed at Elektra a vast new consumer market among Mexico's lower middle income consumers by providing credit sales and diverse financial products and services.
Grupo Elektra expanded further and became Mexico's biggest consumer-finance company when, in 2002, it won the first banking license granted to any Mexican institution in nearly a decade. The strategy was to build new markets by creating new buying power among classes of people largely ignored by most other major Mexican businesses.
Mr. Salinas is also chairman of TV Azteca, one of the world's two largest producers of Spanish-language television programming. It is one of only two nationwide broadcasters in Mexico, and is now the most profitable integrated broadcaster in the world. Under his leadership, TV Azteca has broken Mexico's long-standing television monopoly through the successful privatization of networks Azteca 13

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Ricardo Salinas Pliego Latest News

Mexican billionaire banking on New York's poor

Mexican businessman Ricardo Salinas Pliego wants to extend his banking empire to New York. But consumer advocates and bank regulators may balk at the interest rates the billionaire charges. Mr. Salinas, whose Grupo Salinas owns Banco Azteca, would need a ...
Posted: November 17, 2011, 4:46 am

Mexico brings together ‘the best minds in the world’

La Ciudad de las Ideas is an initiative created ten years ago by Ricardo Salinas Pliego and Roemer. Aside from placing Mexico before the world, the priority of the conference is to encourage critical thinking, the organizers said. "We are totally convinced ...
Posted: November 2, 2017, 5:00 pm

Hugo Salinas-Price: What Every Politician Needs to Know About Silver

Ricardo Salinas-Pliego. Grupo Elektra is a part of Grupo Salinas, which owns businesses in the television industry, the telecommunications sector, banking and financial services, and other industries. Grupo Salinas companies include TV Azteca, Azteca ...
Posted: December 7, 2011, 8:36 am
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