Alberto Bailleres, a Mexican billionaire who once owned the world’s largest refined silver company, has died, according to a statement from his business conglomerate Grupo Bal SA. He was 90.
Bailleres’s vast mining fortune earned him the nickname “King of Silver” or Mexico’s “King Midas.” He had a net worth of $8.5 billion, making him Mexico’s fourth richest person, according to the Bloomberg Billionaires Index. He also held stakes in insurance, retail and financial companies.
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