In this success post, we are going to share the story of Ricardo Salinas Pliego. He is a Mexican businessman who has an estimated net worth of $18 billion as of May 2020, according to Bloomberg.
According to Forbes, he is 130th on the World Billionaire List. He is graduated from the Technologico de Monterrey. He then earned his MBA from Tulane University. But he succeeded his father as the CEO of the Grupo Elektra in 1987. The company was founded in 1906 and was called as Rocha and Salinas.
Ricardo Salinas Pliego Biography
Ricardo Salinas Pliego was born on the 19th of October 1955. He is a Mexico leading entrepreneurs and maintains himself at the forefront of cutting edge technology and innovative business practices while celebrating civil liberties and a healthy balance of power between the private and public sectors. He is a founder and chairman of Grupo Salinas, a management development.
After receiving a bachelor’s degree in accounting from the Instituto Technologico de Estudios Superiores de Monterrey and later an MBA from Tulane University. Ricardo Salinas was appointed CEO of Grupo Elektra at the age of 32, following the retirement of his father, Hugo Salinas Price.
In July 2001, Salinas Pliego launched the pilot broadcast of Azteca America in Los Angeles. And today, Azteca America has a presence in more than 60 US markets, where 90% of the Hispanic community lives, competing successfully with the Univision and Telemundo.
Because in 2005, Ricardo Salinas supervised the launch of Fundacion Azteca America. An organization committed to the well-being of the Hispanic community in the US. In 2005, he also created the Empresario Azteca program. And its parallel organization, Asociación del Empresario Azteca (ASMAZ), whose aim is to use the managerial experience, financial capabilities, buying power, market strength and extensive distribution network of the companies in the Grupo Salinas to offer training, financing, consulting services, equipment, and some other resources to contribute to the creation and growth of small businesses.
Ricardo Salinas Pliego believes that people prefer opportunities over charity and are anxious to have employment opportunities. And be productive for both their communities and their families. That is the reason this Mexican business leader is betting on projects to create these opportunities.
Ricardo Salinas Pliego Personal Life
Salinas is married and has six children. He lives in Mexico City and in recent years, has taken a great interest in his Azteca Foundation. Which is active in promoting youth orchestras across Mexico.
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