Mexico City, one of the largest and most vibrant cities in the world, is also home to a thriving network of family-owned businesses. These companies not only contribute to the city’s economic growth but also shape the commercial landscape of the entire nation. Over 90% of businesses in Mexico are family-owned, with 95% of those being managed by family members. As the epicenter of Mexico’s economy, generating roughly 16% of the country’s GDP, Mexico City hosts some of the country’s most influential family enterprises.
Here are the 10 largest family businesses in Mexico City, each with a unique history and a lasting impact on both local and global markets.
Owning Family: Slim
Annual Revenue: $46 billion
As the largest telecom company in Latin America and the world’s sixth-largest telecom provider, America Movil is a true global powerhouse. Founded by Mexican billionaire Carlos Slim Helú, America Movil operates in over 18 countries, providing services to millions of customers across Latin America, the Caribbean, and beyond. With over 350 million wireless subscribers, the Slim family continues to control the company, with Carlos Slim Domit serving as board chair and his brother Patrick Slim Domit as vice-chair.
Owning Family: Servitje
Annual Revenue: $21.6 billion
Grupo Bimbo, founded in 1945, has grown from a small bread-making company to the largest baked goods company in the world. Known for its iconic Bimbo bread and a range of baked goods, the company has expanded internationally through strategic acquisitions, including brands like Sara Lee, Thomas’ English Muffins, and Entenmann’s. Daniel Javier Servitje Montull, son of co-founder Lorenzo Servitje, is the current chairman, overseeing the company’s operations in 34 countries across four continents.
Owning Family: Larrea Mota-Velasco
Annual Revenue: $14 billion
Grupo México is a leading global player in copper production, mining, transportation, and infrastructure. Originally founded as a mining company in the late 19th century, the firm has grown into one of the world’s largest copper producers, with operations in Mexico, Peru, and other countries. Under the leadership of Germán Larrea Mota-Velasco, Grupo México has diversified into freight transport and infrastructure development, cementing its status as one of Mexico’s largest and most powerful family-owned enterprises.
- Grupo Bal
Owning Family: Baillères
Annual Revenue: $10 billion
Grupo Bal, led by the Baillères family, has been a dominant force in sectors such as mining, retail, insurance, and finance. Founded by Raul Baillères in the 1960s, the group’s mining division, Industrias Peñoles, is the world’s largest producer of refined silver and a major player in gold and lead production. The family’s financial services arm, GNP, is one of Mexico’s largest insurers. After the passing of Alberto Baillères in 2022, his son Alejandro Baillères Gual took the reins of the family empire.
Owning Family: del Valle
Annual Revenue: $9.6 billion
Orbia is a global leader in the production of chemicals and polymers, serving industries such as building and infrastructure, agriculture, and precision engineering. Originally founded as Cables Mexicanos in 1953, Orbia has grown into a diversified multinational corporation with a presence in over 50 countries. Under the leadership of Juan Pablo del Valle, the company has made sustainability a key focus, leading the charge on circular plastics recycling. His father, Antonio del Valle Ruiz, remains the company’s honorary chairman.
Owning Family: Salinas
Annual Revenue: $4.8 billion
Grupo Elektra is a giant in Latin America’s financial and retail sectors, specializing in consumer finance, electronics, and home goods. Founded by Hugo Salinas Rocha in 1950, Elektra became a dominant force in Mexico’s financial services market, particularly in short-term loans. The company’s financial services division now operates across the U.S., Mexico, Guatemala, and Honduras. The Salinas family, led by Ricardo Salinas Pliego, continues to guide the company through expansion and diversification.
Owning Family: Azcárraga
Annual Revenue: $4 billion
Grupo Televisa is the largest media conglomerate in the Spanish-speaking world. Founded by Emilio Azcárraga Vidaurreta in the 1930s, the company initially focused on radio broadcasting before expanding into television. Today, Televisa owns a significant portion of Mexico’s cable television infrastructure and satellite TV operations, in addition to controlling TelevisaUnivision, the leading Spanish-language content provider. Emilio Azcárraga Milmo took the company global, and today, his son, Emilio Fernando Azcárraga Jean, serves as executive chairman.
Owning Family: Beckmann
Annual Revenue: $2.6 billion
Becle, the world’s largest tequila producer, has a history that stretches back to 1775. The company produces and markets iconic brands such as Jose Cuervo and 1800 Tequila and operates in over 85 countries. Under the leadership of Juan Domingo Beckmann Legorreta and his sister Karen Beckmann Legorreta, Becle has also expanded its portfolio to include whisky brands like Old Bushmills Distillery and Pendleton Whisky. The Beckmann family controls nearly 90% of the company, with Juan serving as CEO and chairman.
Owning Family: Peñaloza
Annual Revenue: $900 million
Promotora y Operadora de Infraestructura (PINFRA) is one of Mexico’s foremost highway concessionaires. Specializing in the engineering, operation, and financing of infrastructure projects, PINFRA manages 21 concessions, including toll roads and port terminals. Founded in 1969 by David Peñaloza Sandoval, the company has grown under the leadership of his son, David Peñaloza Alanís, who currently serves as CEO. PINFRA’s network of roads serves over 100 million vehicles annually, solidifying its position as a key player in Mexico’s infrastructure sector.
Owning Family: Daniel
Annual Revenue: $320 million
Fibra Danhos is a leading property development firm that builds, leases, and operates commercial spaces across Mexico City and Puebla. With a portfolio of 15 properties, including shopping centers and office buildings, the company attracts over 100 million visitors annually. Founded in 1976 by brothers David and José Daniel to complement their textile business, Fibra Danhos remains a dominant player in Mexico’s real estate market. David Daniel Kabbaz Chiver serves as president, while his son, Salvador Daniel Kabbaz Zaga, leads as CEO.
Conclusion
Mexico City’s family-owned businesses are not only integral to the country’s economy but also key players on the global stage. These companies reflect the entrepreneurial spirit, resilience, and innovation of the families that founded them, passing down legacies that continue to shape industries from real estate and media to telecom and food. Whether expanding across borders or diversifying into new sectors, these family businesses are helping to drive Mexico’s economic future.
