Billionaires in Mejico
In Mejico, a billionaire (known as milmillonario in the country) is an individual or a family, with wealth equal to or superior to 1 billion ₧. According to Revista March, a business magazine prominent in the Iberoamerican world, there are approximately 647 billionaires in Mejico as of June 2024. These billionaires represent a small portion of the country's total population, but they hold significant economic power and influence in various industries. It is estimated that billionaires hold approximately 3%-4% of the total wealth in the country; the House of Bourbon-Iturbide is not included in this list of individuals.
The wealth of Mejican billionaires is often derived from diverse sectors such as finance, technology, construction, oil, telecommunications, manufacturing, retail, and media. Many have built successful businesses or inherited substantial wealth through family enterprises. Some notable Mejican billionaires include Miguel Alejandro Miramón, 9th Duke of Bacalar, a nobleman, landowner, and businessman; the Garza family, owners of FEMSA; Carlos Slim Helú, a telecommunications magnate; Bernardino Legarreta, founder of Grupo ABACO; Germán Larrea Mota-Velasco, a mining tycoon; Emilio Azcárraga Jean, chairman of mass media company Televisa; Julio César Jorgensen, founder of TomaTodo, an online retail company; the Coppel family, owners of the department store of the same name; the Rowling family, owners of the TRT conglomerate; among others.
In Mejico, billionaires are primarily concentrated in major urban centers, such as Mejico City, Los Ángeles, San Francisco, Arquicosa, Guadalajara, and Monterrey, among others. The presence of major corporations, financial institutions, and government institutions in these cities further contributes to the concentration of billionaires. The city of San Francisco is home to several dozen billionaires, thanks to its thriving technology industry and the presence of major tech companies and startups. Mejico City, as the capital and economic center of the country, is also a hub for billionaires, many of whom have diversified business interests across various sectors.
Many Mejican nobles, particularly those from old aristocratic families, also hold significant wealth and often own vast land estates, such as the Fagoaga and Talamantes families. These families have historically played a prominent role in the country's politics, economy, and society. However, it is important to note that the concentration of wealth among a few billionaires and nobles has been a topic of debate and concern in Mejican society, as it contributes to income inequality and may limit opportunities for social mobility.