#1169
Ricardo Salinas Pliego & family
Mexico 70 years old
Overview
- Source of Wealth
- Retail, media
- Industry
- Fashion & Retail
- Residence
- Mexico City
- Education
- A. B. Freeman School of Business (Master of Business Administration)Tecnológico de Monterrey (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 6
Assets
- Grupo Elektra S.A. de C.V.0 shares @ --ELEKTRA-MX
Biography
Ricardo Salinas Pliego runs Mexican TV broadcaster, TV Azteca, and retailer Grupo Elektra.
His Grupo Elektra targets lower middle class consumers who borrow money from his banking arm, Banco Azteca, to buy items at Elektra stores.
Elektra was founded in the 1950s by Ricardo's grandfather, Hugo Salinas Rocha.
In 2026, after a years-long dispute over tax claims and fraud allegations, Grupo Elektra agreed to pay nearly $1.9 billion to the Mexican government.
Currently, shares of Grupo Azteca are suspended from trading and Grupo Elektra is set to go private.