He also owns a stake in Grupo Industrial Maseca, a company that produces corn flour and tortillas.
Juan Gallardo Thurlow is a Mexican businessman with a net worth of $1.3 billion. He became a billionaire in 2013 when he acquired a 63% stake in Organizacion Cultiba SAB de C.V., a holding company that produces cane sugar and molasses, distributes soft drinks and bottled water in Mexico, and owns a stake in Grupo Industrial Maseca, a company that produces corn flour and tortillas.
Juan Gallardo Thurlow is a member of Richest Billionaires
💰Juan Gallardo Thurlow Net worth: $1.3 Billion
The share price of Organizacion Cultiba has literally doubled in the past five years, i.e., from 2008 to 2013, and they increased the value of Gallardo Thurlow's stake to $1.3 billion. On the one hand, Cultiba is Mexico's second-largest beverage producer and distributor of beverages, whereas, on the other, it's one of the largest private sector producers of sugar in Mexico, with three mills and a 49% interest in a fourth mill. Thanks to the successful integration of the sugar and beverage businesses, Cultiba benefits from a natural hedge against fluctuation in sugar prices. As of January 2013, Cultiba made a secondary offering of nearly 100 million shares, raising almost $200 million. Back in the 1990s, Gallardo Thurlow made a name for himself in Washington, D.C., for playing the role of chief NAFTA negotiator on behalf of Mexico's business sector.
