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
Age, Biography and Wiki
💰 Net worth: $1.3 Billion (2024)
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.
