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

Panama Papers Scandal: Pedrito Sola 'Forced' Out Of Closet To Cover For Ricardo Salinas Pliego?

Pedro Sola, the veteran "Ventaneando" co-host, admitted he was today during a radio interview. The 68-year-old personality opened up about his sexual orientation for the first time since hosting the entertainment show. The bombshell news came on the ...
Posted: April 4, 2016, 2:21 am

Mexican Billionaire Ricardo Salinas' U.S. Subsidiary Donated $250K To Trump's Inaugural, FEC Shows

Grupo Elektra, a Mexico-based retailer, is controlled by Mexican billionaire Ricardo Salinas Pliego ... estimated net worth of $7.5 billion, Salinas Pliego is Mexico’s fourth richest person, according to the Forbes Real Time Billionaire Ranking.
Posted: May 9, 2017, 12:16 pm

The 5 Wealthiest People in Mexico

(For more, see: FEMSA is a Delicate Balance Between Growth Opportunities and Valuation.) Ricardo Salinas Pliego owns Grupo Salinas and Grupo Elektra, with holdings in television, telecommunications, retail and banking. Lately, reluctant Mexican consumers ...
Posted: January 23, 2015, 9:56 am

Grupo Televisa in mobile alliance

Grupo Televisa, the country’s leading television network and the world’s biggest Spanish-language media group, announced on Thursday that it would invest $37.5m in shares of Iusacell, a mobile phone company controlled by Ricardo Salinas Pliego ...
Posted: August 10, 2017, 11:51 am

Bitreserve Launches API For Its Currency Conversions And Payments Platform

Ricardo Salinas-Pliego, one of Mexico’s richest men. What the company wants to become is a very simple platform whereby people can debit and credit on BitReserve in any currency for any purpose, much like the Blockchain… but primarily by having other ...
Posted: June 16, 2015, 1:00 am
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