The businessman had eight children, one of them isDaniel Servitje, current president and CEO of Grupo Bimbo. But there was a real problem as to who would be the new supremo, so they juggled the shares within the family and divided the group.. He followed in the footsteps of his brothers and also has a degree in Business Administration from Universidad Anhuac. The "group" was generally regarded as responsible for initiating a whispering campaign that Echeverria was planning a coup to remain in power which turned his final months into a period of near-national hysteria. Guzmn is currently awaiting trial in a Manhattan maximum security federal prison. Mr. Garza Sada is currently the Chairman of the Board of Directors of ALFA, S.A.B. Although Monterrey is the most American business center in Mexico, foreign investment does not dominate the city as it does the rest of the Mexican economy. The businesswoman has a 27-year-old son, Pablo Zapata, who follows in his mothers footsteps. : Grijalbo/Actualidad, 2006. "I had to undress myself first, otherwise 'Our Group' could be discredited by people trying to expose me.". The Turning Point. The Larrea family is the second richest family in Mexico according to Forbes magazine. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Mexico. Mail us : ben@mus-max.net . There is no falling out, one source explained. Last updated: 1 March 2023 at 11:00am EST. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. His sisterMarinela Servitjewas director of the Papalote Museo del Nio and received the Woman of the Year medal. When Dionisio Garza Medina, a nephew of Bernardo Garza Sada, became chairman in 1994, he fired half of Alfa's middle managers and focused on restoring higher profitability to the company's three main business sectors: steel, petrochemicals, and food. Soumaya Slim Domitmarried Fernando Romero and is currently vice president of the Soumaya Museum. Therefore, that information is unavailable for most Encyclopedia.com content. Beer, glass, bottling. A consistent increase . This is as a result of her work as a Singer-songwriter and a composer. Husband of Consulo Lagera. The memorial is located at the crossroad where Garza Sada died in 1973. EZLN seala al gobierno por muerte de Samir Flores; AMLO responde, 5 Beneficios de la Publicidad Programtica para tu negocio, Negocios con El Chavo del 8 y Frida Kahlo, entre la nueva oferta de la feria anual de franquicias, Femsa invertir 1,700 mdd en sus principales negocios en 2023, Tips para definir con xito el camino de la sucesin en la empresa familiar, No todo es Oxxo; Femsa quiere competir con 3B y abrir tienditas de barrio, Mendel: Devolverle agilidad a los negocios a travs de una mejor gestin de procesos, Bill Gates le entra a la cerveza; compra acciones de Heineken a Femsa, Los cigarros volvern a los aparadores de Oxxo: obtiene suspensin contra prohibicin, De la cerveza a las fintech, Femsa quiere dar crdito con Spin de Oxxo, Femsa no solo vender Heineken, estos otros negocios tambin. He is the heir of the family that controls the Fomento Economico Mexicano SA (FEMSA) and the Grupo Financiero Bancomer SA. The two men did the firing were found dead later that day, their bodies thrown behind a cemetery Salinas says she has had access to court documents, judges and cabinet ministers and writes of contradictions between statements of police, witnesses and the accused. But as successive Mexican administrations cried for rapid industrialization and the "group" with government support, expanded it became the nation's most powerful political lobby, speaking for the moneyed classes of Mexico. Although Isaiah Garza's acutualized net worth is unclear, networthspot.com sources online data to make a forecast of $6.5 million. The thrill didn't last long. The Mexican economy surged and 11 new billionaires were added to the 1993 list. Ral is in charge of strategic information while Juan Pablo manages the livestock companies. It was therefoe not surprising that presidential candidate Luis Echeverria had close contact with Don Eugenio or, Salinas recounts, that he alerted him in the late '60s that the social tensions and the recent army repression demanded a tactical change. Juan Francisco married Dora Mara Legorreta de Beckmann, with whom he had 3 children. Karen Virginia Beckmann Legorreta and Dora Mara Beckmann Legorreta own their own line of jewelry and shoes called Crane by KB and POLPO by Kar Be;while Juan Domingo Beckmann Legorreta follows in the footsteps of his father in charge of the family tequila;He is married to Laura Laviada Ten-Barroso. After receiving his first educatio, Jos Hernndez This company was involved in the entire steelmaking process from mining iron ore to manufacturing and distributing steel products. See Armando Garza Sada's compensation, career history, education, & memberships. de C.V., all of which are public companies, as well as Instituto Tecnolgico y de Estudios Superiores de Monterrey. Garza Sada Family, major Mexican entrepreneurial family. We'll focus on the median and average net worth figures for different age groups: Age of head of family. Median net worth . Members of the Ermirio De Moraes family still appear on the list, but not the Garza Sadas. garza sada family net worth garza sada family net worth He also said Alfa would enter retailing by opening 25 home-improvement stores over the next five years. Mauricio Fernndez Garza net worth 5.02 Million Millions of dollars 89% Net worth score Disclamer: Mauricio Fernndez Garza net worth displayed here are calculated based on a combination social factors. Salinas did not leave her home for three weeks. "The great absolutely pagan parties they gave could always keep the appearance of charity thanks to the ingenuous Franciscan monks who would attach their names to such events," Salinas writes. He is president of Grupo Inbursa and IDEAL, and he is also an advisor in Stock Market Investor and Inbursa insurance. To enter the "Monterrey Group's" social circuit, the best way, she writes, "is to be an industrialist. 4. With a net worth of $77.1 billion, 2015 was Slim's best year ever. They were the parents of at least 4 sons and 1 daughter. "But there was a real problem as to who would be next 'supreme,' so they juggled the shares within the family and divided the group. Outsiders talk vaguely of an amorphous Monterrey Group: there are numerous industrial and financial groups, the exact ownership of which is often unclear because of constant intermarriage within the local lite. Don Eugenio Garza Sada naci el 11 de enero de 1892. Alicia's average salary is $99,617 per year. Johanna Slim Domitis married to Arturo Elas Ayub;She has a degree in Preschool Education. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). TimesMachine is an exclusive benefit for home delivery and digital subscribers. eric blore jr obituary. Alfa did so well that the Garza Sada family was able to buy back much of the equity it had surrendered to its creditors. Mr. Garza Sada holds a Bachelors degree from the Massachusetts Institute of Technology and an M.B.A. from Stanford University. The unexpected author is a mother of eight and grandmother of 17. We see them around but we don't know what goes on behind the scenes. Mazatln Carnival: How much was spent and recovered? B. de C. V. (ALFA A) (Consumer Goods Conglomerates) 1,716,994,307: 35.6%: 1,093,433,485 USD Save my name, email, and website in this browser for the next time I comment. But in 2014, Slim lost that title to Microsoft co-founder Bill Gates. Latin American billionaires hail from seven countries: 7 from Argentina, 43 from Brazil, 12 from Chile, 3 from Colombia, 15 from Mexico, 5 from Peru, and 2 from Venezuela. Alfa was a party to 11 joint ventures with foreign companies. Pick a style below, and copy the text for your bibliography. Los Garza Sada, la millonaria familia de la que habla Lpez Obrador Eugenio Garza Sada fue hijo de uno de los creadores de Cervecera Cuauhtmoc y tambin fund el Tecnolgico de Monterrey. The net worth of Bernardo Garza Sada and his family was estimated at $1.5 billion in 1996. . Whatever the truth about the Garza Sada killing, it was a turning point in the Echeverria regime. She is going mad, and the worst part is that she has money so it is difficult to stop her. Together, they have released various songs, including Soldier of Love, which has won them many awards and Lovers Rock, and . They have served on the boards of several companies and have also been on university boards. Forbes put Mori's net worth at $14.6 billion. Encyclopedia.com. Ninfa is focused on politics, while her brother Benjamin works on TV Azteca. Not just a few insiders, the politicians or the businessmen. "Garza Sada Family Expecting problems, Salinas says she decided to write the book secretly. Cemex S.A.B. Sada Baby became famous at a young age as a result of his extraordinary singing skills. See the article in its original context from. She has earned all her wealth from being a civil rights activist and a writer. However, the mainunits within the group remained the Cuauhtmoc Brewery; the Hojalata y Lamina, S.A., steel group, Mexico's second largest steel producer, and the Serfin financial group, the country's third largest, which includes the prosperous Banco de Londres y Mexico among its 15 subsidiary institutions. List of Mexican billionaires by net worth, "Special Report: Mexico's Richest (1-101)", "Carlos Slim, Salinas Pliego y ms: quin es quin entre los millonarios de Mxico", https://en.wikipedia.org/w/index.php?title=List_of_Mexican_billionaires_by_net_worth&oldid=1119001039, CS1 European Spanish-language sources (es-es), Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Rufino Vigil Gonzlez - US$ 1.7 billion - Industrias CH, Fernando Chico Pardo - US$1.4 billion - Grupo Financiero del Sureste, David Pealoza Alanis - US$1 billion - Grupo Tribasa, This page was last edited on 30 October 2022, at 05:44. Or purchase a subscription for unlimited access to real news you can count on. Perros de Chernbil, genticamente distintos por la radiacin? The original head of probably the single most influential and extensive capitalist family in Mexico was Isaac Garza Garza, the son of Juan de la Garza Martnez, mayor of Monterrey, and Manuela Garza, Jewish immigrants from Spain who had settled in the region of Monterrey, Nuevo Len. Medina, Enriqueta, and Federico Arreola. Since February 2016, the 19-year-old lady hasn't. The police action has caused and out-cry in the press, which argues that while the book may not be respectable, its illegal confiscation only underlunes the author's premise: the power of the Garza Sada family. Aside from the sober, political sections of the book, Salinas uses a sharp tongue and a very personal style to describe the exclusive, tight knit family which she entered by marrying Roberto G. Sada, grandson of one of the founders of the Garza Sada empire. We use cookies to ensure that we give you the best experience on our website. Vanessa Slim Domitjoined Daniel Hajj Aboumrad in marriage. Pearson 21, 08034 Barcelona, Spain. This subsidiary accounted for 12 percent of Alfa's revenues in 1996. The oldest member of the Garza Sada family was entrepreneur and businessman Eugenio Garza Laguera. In the United States, Garza is now a prominent figure widely known for being a part of the international Black Lives Matter movement. The other members of the Garza Sada family include Roberto Garza Sada, Eugenio Garza Laguera, and Pablo Garza Sepulveda. Once Echeverria became president, she goes on, he began to press Don Eugenio to sell HYSA, the "group's "most powerful industry, producing 1.3 million tons of steel per year. Listed on the Stock Exchange, Grupo Chedraui has started operations in California, Nevada, and Arizona. Mr. Garza Sada is the Chairman of the Board of Directors of Alfa, S.A.B. If she knew there would be so much trouble, why did she write the book? He studied merchandising in Santander, Spain, and later founded Fabrica de Vidrios y Cristales de Monterrey. In addition, foreign lenders who were owed $273 million and Mexican banks holding about $301 million in Hylsa debt agreed to stretch out the loan repayments over 15 years and received 21 percent of Hylsa's common stock. garza funeral home obituaries brownsville tx incident in leyton high road today. Augustinians, a Roman Catholic religious order of priests and brothers named after the fifth-century bishop and saint Augustine of Hippo. Isaac was born in 1853, in Monterrey, NL, Mxico. Under a complex arrangement, the creditor banks forgave $920 million in Alfa's debt in return for 45 percent of its stock. Petrochemicals, aluminum auto parts, refrigerated foods, telecommunications. Alfa's subsidiary Alpex, S.A. de C.V. was engaged in the manufacture of petrochemicals and synthetic fibers for use primarily as raw materials in the textile, food, beverage, packaging, construction, and automotive industries. Garza Sada Name Meaning. Now, she says, she is a virtual outcast in Monterrey where friends and relatives either completely avoid her or send notes saying , "Congratulations, but you must understand I can't be seen talking to you." "It was all part of a plan," she says. All rights reserved. The net worth of Bernardo Garza Sada and his family was estimated at $1.2 billion in 1996. One of these, Valores Industriales S.A. (Visa), established Hojalata y Laminas S.A. (Hylsa) to make steel sheet for the bottletops of its beverages during World War II, when the United States cut steel supplies to Mexico to meet its own needs. On the higher end, Antonio Garza could make as much as $19.16 thousand a year. If independent means we express our views when erroneous economic policies are carried out, Eduardo Hovelman, manager of the Monterrey Chamber of Commerce, said, then we are independent.. Echeverria is now accused of fostering letfism and chaos. Alicia Garza is one of the most loved celebrities of India, has a net worth of $ 5 Million as of 2021. de C.V., a public company with a business portfolio that includes refrigerated food, petrochemicals, aluminum auto parts, IT and communications, and hydrocarbons, with operations in 28 countries. His childhood coincided with the first stage of Mexico's industrialization, during the period in which Porfirio Daz was in office, known as the Porfiriato (1876 - 1910), and when foreign investors introduced the latest technologies of that time. The creditors also were paid $25 million by Alfa and $200 million in Mexican government debt. Some of the current members of the familys business organizations include Armando Garza Sada, Tomas Roberto Gonzalez Sada, and Dionisio Garza Medina. Conoce 68 inmuebles en Eugenio Garza Sada, Monterrey, Nuevo Len, desde $ 300 mil MN hasta $ 16.16 MDP. Your email address will not be published. Under cnsiderable pressure, a weekly magazine bowed out of serializing the book. But bigger, richer and closer to the colossus of the North, the Mexican economy grew at a faster pace. The settlement of Alfa's debt left unresolved Hylsa's own debt, which in 1988 reached $1.2 billion to 68 lenders, including about $300 million in overdue interest. They have businesses outside of Mexico as well. America's du Pont family was fourth, with a net worth at $10 billion. de C.V.s Board of Directors a unique insight on the global economic and commercial landscape, thus allowing the constant improvement of CEMEXs business strategy. "They also said that Martha Mitchell was mad. Encuentra la mayor oferta de inmuebles en Eugenio Garza Sada, Monterrey, Nuevo Len en Propiedades.com The corporate staff was slashed from 4,000 to 1,000, and later to 400. A five-year voting trust for the stock was formed under which 16 percent of the Garza Sada family stock would be held with the 45 percent of the bank stock. The most famous of these groups, the ALFA industrial group, the largest in Latin America in the early 1980s, was founded by Bernardo Garza Sada, grandson of Isaac and son of Roberto. Pablo studied Economics and Finance at the Methodist University of South Texas. Keep supporting great journalism by turning off your ad blocker. The middle 40% of U.S. families own 22% of the wealth. Grupo Alfa profits would know no limit.". Our estimate may be low though. Menno Vellinga, Economic Development and the Dynamics of Class: Industrialization, Power and Control in Monterrey, Mexico (1979). By the end of 1988 it had sold most of its food, and all of its tourism, real estate, and electric home-appliance holdings, retaining only two dozen subsidiaries. "We demand that!" De acuerdo con el presidente de Mxico, no se deben utilizar estos hechos lamentables con propsitos polticos, ideolgi Mendel se fij en Mxico en 2021 un objetivo claro: para tener presencia en Amrica Latina deban lanzarse a la conquist En una conferencia matutina en Palacio Nacional, el mandatario Andrs Manuel Lpez Obrador seal que cuando comenz el sexenio de Carlos Salinas de Gortari (1988 a 1994) haba slo una familia millonaria en la lista, Todos los Derechos reservados 2014 - 2023 Forbes Mexico. Tesla te busca: publica la primera vacante relacionada a la nueva planta en Nuevo Len, Lula da el s a transgnicos: Brasil avala el trigo genticamente modificado, En 2022 anunciaron inversiones por 20 mil mdd ligadas a empresas atradas por nearshoring: Caintra. Privacy Policy. The head of theRicardo Salinas Pliegofamily is an entrepreneur, CEO of Grupo Salinas and the fourth richest man in our country. Combien gagne t il d argent ? According to the Bloomberg firm,Eva Gonda de Riverais one of the 400 richest people in the world. The businessman has a total of 6 children, three from his first marriage to Ninfa Sada Garza and three others with his current partner Mara Laura Medina . de C.V., a public company with a business portfolio that includes refrigerated food, petrochemicals, aluminum auto parts, IT and communications, and hydrocarbons, with operations in 28 countries. It also took a quarter share in Grupo Televisa, which virtually monopolized Mexican television broadcasting. Eugenio Garza Sada. "If you look at the profile of our strategy," Garza Medina told a Wall Street Journal reporter, "we are going from a commodity company into more value-added products," with higher profit margins. This is a BETA experience. In July 1982 it presented a restructuring plan that called for it to sell one-fourth of its assets over a five-year period. Oil prices would know no limit. I'm still exhausted from it.". She is the holder of the Initial Education Program at Fundacin Slim and advisor of Grupo Sanborns. This is the reason why Mazatln stopped being the Capital of Sinaloa, Rescuing tradition! Mara Asuncin Aramburuzabalais the heiress of the founder of the Grupo Modelo brewery. | Learn more about Mauricio R.'s . In addition to ALFA, the Garza Sadas have other companies, including Grupo Cementos de Chihuahua SA, the largest cement manufacturer in the country. Don Roberto Garza Sada: La pasin por la excelencia. CEMEX S.A.B. Her secretary and researchers would continue the work in the daytime. Don Carlos marriedSoumaya Domitwith whom he had six children: Carlos, Marco Antonio, Patrick, Soumaya, Vanessa and Johanna. As of February 2023, Sade has a Net worth Estimated at around $80 million. Maria, together with her sister and her mother, created Tresalia Capital, which means three allies, as a symbol of the family union of these three. Check for available units at Garza Sada 1892 in Monterrey, NLE. He married Margarita Sada Garca on 11 February 1921, in Monterrey, Nuevo Len, Mexico. How they act, what sort of judgment they have. ", Salinas suspects that her relatives will want to ruin her economically, although "that will take them a while. HYLSA, the steel works, was not sold to the government; the family rift became clear as the conglomerate split into several groups. Its assets grew from $315 million to $1.5 billion between 1974 and 1978, its sales from $194 million to $836 million, and its income from $21 million to $83 million. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. I cover Mexico's billionaires, politics and U.S.-Mexico relations, Brazil Bounces Back With A Slew Of New Billionaires, Fortune Magazine's New Owner Is Member Of Thailand's Richest Family, Southeast Asia's Richest Woman Signs $6.5 Billion Deal For 50 Airbus Jets, The Indonesian Tycoons Behind Lion Air, Whose Plane Crashed Off Jakarta on Monday, How This Video Gaming Billionaire Invests His More Than $2 Billion, LinkedIn Cofounder Reid Hoffman On His Billion-Dollar Impact Investing Bet, Jeff Bezos Is $1.8 Billion Richer As Amazon's Market Cap Briefly Hits $1 Trillion, The $4 Billion Crypto Billionaire Who No One Has Heard Of. Doa Eva has five daughters and one of them:Eva Mara Garza Lagera is married to Jos Antonio El Diablo Fernndez, president of FEMSA. Mr. Garza Sada, then 81 years old, was killed in ah abortive kidnap attempt by leftist guerrillas. Eugenio Garza Sada fue hijo de uno de los creadores de Cervecera Cuauhtmoc y tambin fund el Tecnolgico de Monterrey. Among owners and executives, a few family names are repeated in endless permutations of paternal and maternal surnames and it is evident that, in a city of 1.5 million, economic wealth is concentrated in the hands of perhaps 200 people. Known as one of the most powerful families in Latin America, the Garza Sada family has control over two of Mexicos three largest financial groups. Largely because of the collapse of the peso and heavy interest obligations, Alfa lost $233 million and suspended principal as well as interest payments. Hylsa (now Hylsamex) and Sigma Alimentos, the food subsidiary, received their own separate stock listings to reduce their dependence on the parent company. On the other hand, Ral and Juan Pablo Baillres Gual also work for Grupo Bal. These include banking, brewing, and siderurgica production. These families have built billionaire and legendary empires, they are the wealthiest in the country. She also studied Art History at Universidad Anhuac. Versax, S.A. de C.V. was an Alfa subsidiary engaged in the production of aluminum cylinder heads and in three other industries: carpets and rugs, mattresses, and building supplies. In the midst of high expectations generated by the North American Free Trade Agreement (NAFTA), which went into effect that year, Mexico's billionaires climbed to a record high of 24. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. Armando Garza Sada serves as Independent Director of the Company. Carlos Slim - US$62.8 billion - Telmex, Inbursa, Amrica Mvil, Grupo Carso and Telcel Germn Larrea Mota-Velasco - US$25.9 billion - Grupo Mxico Ricardo Salinas Pliego - US$12.9 billion - Grupo Salinas Alejandro Baillres - US$9.2 billion - Peoles and Palacio de Hierro Juan Francisco Beckmann - US$7 billion - Jose Cuervo 20th-century Mexican art Icon Link Plus Icon; Icon Link Plus Icon; The Order o, mathematics, astronomy, natural history. Garza identifies as Jewish. https://www.encyclopedia.com/humanities/encyclopedias-almanacs-transcripts-and-maps/garza-sada-family, "Garza Sada Family The Garza Sada family is worth an estimated $16.9 billion, making them the third-richest family in Mexico . Encyclopedias almanacs transcripts and maps, Encyclopedia of Latin American History and Culture. With a net worth that FORBES puts at $29.2 billion, investor and philanthropist Jorge Paulo Lemann is Latin America's second richest person after Mexico's telecom tycoon Carlos Slim Hel. Alicia Garza is an American civil rights activist and writer known as a co-founder of the international Black Lives Matter movement. Strangers on a Train (1951) Warner Bros. Bruno Antony is wealthy but psychotic and harbors a deep hatred of his father. It begins with a brief analysis of the historical corporate governance model in Mexico, including the governance structures, the banking and financial systems, ownership and Currently, Pablo works at KIO Networks, dedicated to information technologies. I've begun to understand the abuse of power and the alienation that comes from the need to gain more and more power through money. She alleges, "But he always kept his wife pregnant as a fruit-bearing tree, inside her home, covered up to her nose so that no one else would desire her." Although Monterrey's businessmen may indeed be wealthy and arch conservative, what, most impresses a visitor is that, in just 85 years and with minimal outside help, they have turned a small desert town into Mexico's second largest industrial center. The Garza Sadas continue to be a dominant force among Mexican capitalists, as shareholders and board members of leading industrial firms, as members of entrepreneurial interest groups, as leaders of business organizations, and as managers of major industrial holding groups. The book stunningly claims that the 1973 assassination of family patriarch Eugenio Garza Sada was not the work of leftist guerrillas, as the country had been led to believe, but had been. As a subscriber, you have 10 gift articles to give each month. As a result, he is wealthy in comparison to most singers and rappers. Which are Rs 36 Crores in Indian Rupees. Name: Equities % Valuation: Alfa, S. A. "People have to know about those that have the economic power in Mexico. Monterrey Group: A Family of Wealth and Symbol of Economic Independence, https://www.nytimes.com/1974/10/21/archives/monterrey-group-a-family-of-wealth-and-symbol-of-economic.html, Alan Riding Special to The New York Times. Mr. Garza Laguera now heads the holding company Valores Industriales, S.A., which controts the Cuauhtmoc Brewery and the Serfin financial group, while Mr. Garza Sada is president of Grupo. In 1936 the family holdings, already vast, were divided into two separate industrial groups. FORBES said in 1992 that having survived harsh economic and political conditions, the new Latin billionaires were "tough and smart." If you continue to use this site we will assume that you are happy with it. 20th-century Mexican art Net worth totals vary by education, age, income and other factors. Principal Subsidiaries: AlfaTelecom, S.A. de C.V.; Alpex, S.A. de C.V,; Dinamica, S.A. de C.V.; Hylsamex, S.A. de C.V.; Sigma Alimentos, S.A. de C.V.; Versax, S.A. de C.V. Another important subsidiary was Dinamica, S.A., which acted as the service group for the holding company. "My children were furious about the first book. They know of course as long as I have money. "We manage these ventures, always," Garza Sada told Forbes in 1979. Foto. The early 1990s were not as good a period for Alfa, as world demand for petrochemicals and steel slowed. The group also proved innovative in employe relations, providing social security for workers before it was obligatory and substituting tradeunion activities with the socelled Sociedad Cuauhtmoc y Famosa, which looks after staff and their families from birth to death. Each of these members has his own business interests and are leaders of entrepreneurial interest groups. You may opt-out by. All of these conglomerates rank among the top fifty companies in Mexico. The company unwisely abandoned its prudent traditional policy of only integrating firms that had similar or complementary products. Forbes estimates that the Waltons, who also were third-ranked last year, were worth $13.3 billion, up from $8.7 billion in 1989. The book stunningly claims that the 1973 assassination of family patriarch Eugenio Garza Sada was not the work of leftist guerrillas, as the country had been led to believe, but had been ordere by some prominent members of the family. With a net worth of $77.1. We use cookies to ensure that we give you the best experience on our website. Part of Monterrey's political image is due to the complex structure of local private business.