At what age did Mexico’s richest men become millionaires?

2023 began with swings in the economies of Mexico’s wealthiest people, after two years of the pandemic, which triggered pivotal shifts in the fortunes of Mexican millionaires. However, the three richest people in the country have managed to keep their millions over the years.

However, these men and women who currently possess wealth of several billion pesos did not obtain their financial resources solely through their work, since the vast majority obtained their heritage through large legacies.

Mexico’s richest man closed 2022 with a fortune of 81 thousand 240 million dollars, whereas in 2021 it only had 55,930. That is, it had a positive change of more than 45%, according to Forbes.

The 83-year-old businessman has amassed his fortune since founding the foundations of Carso Group in 1965, when he was only 25 years old. From then on, he managed to extend his power and diversify his wealth by entering the telecommunications sector with the acquisition of Phones from Mexico in 1990 —under the government of Salinas de Gortari— as well as intervening in the industrial, mining, energy, financial and even retail sectors.

Yet his entrepreneurial vision began at the age of 10, when he was selling candy under the stairs of his house in the Polanco neighborhood near Lincoln Park. Moreover, from an early age, he became involved in the financial world after working with his father Julián Slim, who owned various properties in the historic center of Mexico City.

Germán Larrea Mota is one of the richest men in Mexico. Despite the fact that he maintains a low profile in the media, his capital assets position him as the second richest man in the country.

Agree with Forbesthe owner of the largest mining company in Mexico has a fortune of 30 thousand 850 million dollars at the cut-off of 2022, whereas a year earlier it had 27 thousand 110 million; had a positive change of 13 percent.

The president of Mexico Groupfifth copper producer in the world present in more than seven countries, came to the management of the mining conglomerate thanks to the work of his father, Jorge Larrea Ortega, who died in 1999. The businessman began his career during the government of Miguel Alemán Valdés, when he founded Constructora Jorge Larrea, which later became México Constructora Industrial.

In the 1960s, Jorge Larrea took over part of the La Caridad copper mine, but it was during the six-year mandate of Carlos Salinas de Gortari that he obtained the entirety of the said mine, as well as total control of this one. Canaanitea mining company that became Grupo México.

It was in 1994, at the age of 46, that Germán Larrea Mota de Velasco took control of his father’s stock and, upon his father’s death, became president and CEO of the consortium.

He third richest man in Mexico It has one of the most important television channels in the country, Aztec TVas well as one of the retail companies with the largest national coverage: Electra. According ranking of ForbesRicardo Salinas ended 2022 with a fortune of 12 thousand 450 million dollars, having fallen by 0.6% compared to 2021.

The family’s business history dates back to 1906, when Ricardo’s great-grandfather co-founded the store. Salinas and Rocha, dedicated to departmental trade. years later, his son Hugo Salinas Rocha founded Elektra in 1950, which left Hugo Salinas AwardRichard’s father. It was in 1987 that the third richest man in Mexico inherited the company, at the age of 32, reaching international reach.

In 1993 he led a group of investors who acquired the media package that the government of Carlos Salinas de Gortari privatized, imvisiongiving way to the foundation of Aztec TV. Nine years later, Grupo Elektra obtained a banking license, with which it was inaugurated Aztec Bank.