Antonio del Valle, 74, has turned Mexichem SAB into one of the largest chemical producers in the Americas by acquiring more than 15 competitors since 2007. The Tlalnepantla, Mexico-based company’s shares have surged more than 50-times since 2002, making his family’s 48 percent stake, which he controls, worth $3.2 billion.
Del Valle got his start in banking. He served as chief executive of Grupo Financiero Bital SA until his partners sold it to HSBC Holdings Plc in 2002, paying him in cash and shares of Mexichem -- then known as Grupo Industrial Camesa.
Mexican regulatory filings indicate the family has been able to increase its stake in Mexichem by reinvesting most of their dividends and proceeds from a 2005 stock sale back into the company.
Del Valle also owns closely held lender Grupo Financiero Ve Por Mas SAB and Elementia SA, which makes copper and aluminum products and is part-owned by Carlos Slim, the world’s richest man according to the Bloomberg Billionaires Index. He controls all three stakes through his holding company, Grupo Empresarial Kaluz SA. Del Valle’s personal assistant said he was unavailable for comment
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