⬅ # 171 Zheng Shuliang|# 173 David Duffield

# 172 Ricardo Salinas Pliego 


Real Time Net Worth
as of 6/24/2024
$2.2M (0.02%)

# 172 Ricardo Salinas Pliego 


Real Time Net Worth
as of 6/24/2024
$2.2M (0.02%)
OccupationFounder, Chair and CEO of Grupo Salinas
Source of WealthRetail, Media
ResidenceMexico City, Mexico
Marital StatusMarried
EducationMBA, A. B. Freeman School of Business; BS, Tecnológico de Monterrey
Age-Adjusted Net Worth$6.79B
Ricardo Salinas Pliego
Ricardo Salinas Pliego
Net worth: $11.7B

Self-Made Score 

Wealth History

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Early Life

Ricardo Benjamín Salinas Pliego was born on October 19, 1955 in Mexico
He earned a CPA from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), and an MBA from Tulane University


Founder and Chairman of Grupo Salinas, a conglomerate with interests in telecommunications, media, financial services, and retail
CEO of Grupo Elektra since 1987, transforming it into Mexico's largest consumer-finance company
Chairman of TV Azteca, breaking Mexico's television monopoly through successful privatization
Acquisition of Iusacell in 2003, merged with Unefon, later sold to AT&T in 2015
Expansion into the United States with Azteca America in 2001
Acquisition of Advance America in 2012, now Purpose Financial
Investment in Bitcoin, holding 10% of his liquid portfolio in 2020
Operates Totalplay, providing internet, television, and telephony services via fiber optics


Founded Fundación Azteca in 1997, addressing social issues in healthcare, nutrition, education, and environmental protection
Inaugurated the Ricardo B. Salinas Pliego Center in April 2021, focusing on freedom, rule of law, education, leadership, art and culture, and innovation and entrepreneurship


Involved in political and financial scandals, including investigations by the SEC and Mexican Comisión Nacional Bancaria y de Valores
Charged by SEC in 2005 for an elaborate scheme to conceal personal profit, settled in 2006 with a payment of $7.5M
Linked to ex-President Carlos Salinas de Gortari and controversies around Fundación Azteca
Controversial decision to air a football game during the 2012 Mexican general election presidential debate
Anonymous group 'attacked' Grupo Salinas website in response to the football game decision
Opposition to official COVID-19 measures, urging the public to ignore social distancing and quarantine

How long would it take you to become as rich as Ricardo Salinas Pliego?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Ricardo Salinas Pliego's net worth of $11.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Ricardo Salinas Pliego is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ricardo Salinas Pliego, Retail and Media are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey