Overview
- Grupo Bal reported 2024 revenue of 371,523.8 million pesos and ranked 11th in Expansión’s 2025 list, with 47,683 employees.
- Mining remains the core of the family fortune: Industrias Peñoles posted 121,895.9 million pesos in 2024 revenue (up 16%) and Fresnillo is listed in London, while El Palacio de Hierro logged 56,079.5 million pesos (up 11.1%).
- Alejandro Baillères Gual leads Grupo Bal following Alberto’s 2022 death, and Bloomberg pegs his wealth at about $16 billion, placing him third in Mexico and 187th worldwide.
- Gonzalo Hevia Baillères, part of the fourth generation, founded Lok, which merged with Chazki in 2024 after a reported $115 million valuation, and he previously launched INSAITE and the investment firm HBeyond.
- Recent profiles also revisit the family’s trajectory from French immigrant roots and the ITAM and El Palacio de Hierro milestones, as media note unconfirmed reports linking Gonzalo Hevia Baillères to actress Emma Watson.