Ricardo Salinas Pliego

Ricardo Salinas Pliego

Chairman and founder of Grupo Salinas, the conglomerate that owns the second largest broadcasting company in the country: TV Azteca. With a fortune of $3.6 Billion USD in March of 2017, Ricardo Benjamín Salinas Pliego is the eighth wealthiest Mexican according to the second annual ranking in Forbes magazine. On February 28th, 2018, he was in fourth position with a real time fortune of $6.7 Billion USD.

In 2016, Salinas Pliego was associated with the Panamanian company Mossack Fonseca, protagonist in the findings of the Panama Papers. 

On the other hand, Grupo Elektra S.A.B. de C.V. was the company with the best performance in the Mexican Stock Exchange in the first four months of 2017 (its shares shot up 168%), according to Bloomberg, thanks to an instrument for creating share scarcity. The company denied the accusation. Approximately 30% of Elektra is the property of Comunicaciones Avanzadas S.A. de C.V., the main shareholder of T.V. Azteca S.A.B. de C.V.

“Its activities are focused on creating businesses with added value, rapid growth, and efficient management schemes”, claims Salinas’ profile on the Grupo Salinas website. The latter centralizes the broadcasting company, two trading companies, one trading subsidiary, banks, non-profit foundations, and various financial services, telecommunications, and specialized trading companies.

TV Azteca was the second largest beneficiary of official advertising expenditure in 2013-2016. The broadcasting company received 10.6% of more than $36 Billion 261 Million MXN spent by the government of President Enrique Peña Nieto in this sector, concluded Fundar, Research and Analysis Center, in its report “Counting the good costs a lot”. 

Media Companies / Groups
Media Outlets
Facts

Business

Finance

Grupo Elektra S.A.B. de C.V.

Non-bank loans

Grupo Elektra S.A.B. de C.V.

Insurance

Seguros Azteca S.A. de C.V

Transport

(Italika) Comercializadora de Motocicletas de Calidad, S.A. de C.V.

Marketing

Agenciai

Family & Friends

Affiliated Interests Family Members Friends

Ninfa Clara Salinas Sada - Daughter of Ricardo Salinas Pliego. Vice President of the Executive Committee of the Council of Grupo Salinas. Federal Representative for the Party of the Greens (Partido Verde Ecologista de México) in the period 2009-2012. Republican Senator - elected by proporational representation in 2012 when she was 32 years old - and current President of the Commission for Environment and Natural Resources. Ninfa is also a President of Grupo Dragón (company that produces renewable energy).

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