#2311

José Coppel Luken

Mexico 67 years old

Overview

Source of Wealth
Diversified
Residence
Culiacan

Biography

José Coppel and his four brothers own Grupo Coppel, a Mexican conglomerate with over 1,700 department stores.

Their father and grandfather founded the first shop in 1941 selling radios and watches. Today, the stores sell everything from clothing to electronics.

The stores are known for providing credit to customers, allowing them to finance their purchases over multiple payments.

The group expanded into the banking sector with BanCoppel in 2007.

About

The brothers also have two sisters who don't have active roles in the business.