1. What is Mario Salcedo Net Worth?
Mario Salcedo is a Mexican entrepreneur and investor who has an estimated net worth of $6.5 billion as of 2021. He is the founder and CEO of Grupo Salinas, one of Mexico’s largest conglomerates, with interests in retail, telecommunications, media, banking, and other industries. Salcedo began his career in 1984 with the founding of Elektra, a consumer electronics retailer that grew to become one of Mexico’s largest retailers. In 1989 he founded TV Azteca, a television network which became the second-largest broadcaster in Mexico. He also founded Banco Azteca in 2002 and Grupo Salinas in 2004.
2. Mario Salcedo Early Life
Mario Salcedo was born on August 9th, 1958 in Mexico City to parents who were both teachers. He attended the National Autonomous University of Mexico (UNAM), where he earned his degree in business administration and economics. After graduating from UNAM, he went on to earn a master’s degree from Harvard Business School in 1985.
Salcedo began his career at Citibank Nacional de Desarrollo Económico y Social (Nafinsa), where he worked as an analyst for two years before leaving to found Elektra SA de CV in 1984 – a retailer specializing in consumer electronics that would become one of Mexico’s largest retailers by 1989 when it had over 200 stores nationwide.
In 1989 he founded TV Azteca, a television network which became the second-largest broadcaster in Mexico after Televisa. In 2002 he founded Banco Azteca and then Grupo Salinas four years later – a conglomerate with interests across various sectors including retail, telecommunications, media, banking, and more recently renewable energy projects such as wind farms and solar power plants.
3. Mario Salcedo Career
Salcedo has been credited with helping to modernize Mexican retail through Elektra SA de CV which introduced new concepts such as self-service stores and credit cards for low-income customers that had previously not had access to traditional banking services or credit options. Under his leadership TV Azteca also revolutionized Mexican television broadcasting by introducing new programming formats such as reality shows and telenovelas that were previously unknown to Mexican audiences until then while also launching several successful international co-productions including “El Chavo del Ocho” which became an international sensation throughout Latin America during the 1990s and 2000s.
The success of these projects enabled him to expand his business empire further by founding Banco Azteca – now one of Mexico’s largest banks – as well as Grupo Salinas which has since become one of Latin America’s most diversified conglomerates with interests across multiple industries ranging from telecommunications (Telcel) to media (Azteca America) to renewable energy projects (Energía Limpia).
4 Mario Salcedo Biography
Mario Salcedo is widely recognized throughout Latin America for his business acumen and philanthropic efforts having received numerous awards throughout his career including being named “Entrepreneur Of The Year” by Ernst & Young Latin America in 2004; “Businessman Of The Year” by Expansion Magazine; “Person Of The Year” by El Financiero newspaper; “Businessman Of The Year 2010″ by Expansion Magazine; “The Most Admired CEO Of The Year 2011″ by Líderes Mexicanos magazine; “Personality Of The Year 2012” by El Universal newspaper; “The Most Influential Business Leader 2013” by El Economista newspaper; “The Most Influential Business Leader 2014” by Reforma newspaper; “Businessman Of The Year 2015” by Forbes México magazine; “Personality Of The Year 2016” by Expansión magazine; “Businessperson Of The Decade 2017” awarded jointly between El Financiero newspaper & Reforma newspaper; “Man Of The Decade 2018” awarded jointly between El Economista newspaper & Expansión magazine among many others.
He has also been involved with several philanthropic initiatives such as Fundación Telmex – established alongside Carlos Slim – which focuses on improving education opportunities for people living in poverty throughout Latin America while also supporting programs related to healthcare initiatives such as cancer research among others.
5 Mario Salcedo Height & Weight
Mario Salcedo stands at 5 feet 9 inches tall (175 cm) while weighing around 164 lbs (74 kg). His birth sign is Leo according to astrological zodiac calculations.
6 Date of Birth
Mario Salcedo was born on August 9th 1958 making him 62 years old at the time this article was written.
7 Nationality
Mario Salcedo is a Mexican citizen born in Mexico City making him eligible for dual citizenship due to his father being American according to United States law.