María Asunción Aramburuzabala

María Asunción Aramburuzabala Larregui (born 2 May 1963) is a Mexican billionaire businesswoman. She is chairperson of Tresalia Capital, a venture capital firm, and has a net worth of over US$5 billion.[1]

This article uses Spanish naming customs: the first or paternal family name is Aramburuzabala and the second or maternal family name is Larregui.
María Asunción Aramburuzabala
María Asunción Aramburuzabala
Born (1963-05-02) 2 May 1963
Mexico City, Mexico
Alma materInstituto Tecnológico Autónomo de México
Net worthUS$5.6 billion (April 2019)[1]
Spouse(s)Paulo Patricio Zapata Navarro (divorced)
Tony Garza (divorced)
Children2

Early life

María Asunción Aramburuzabala Larregui was born on 2 May 1963 in Mexico City, Mexico to Pablo Aramburuzabala Ocaranza, a Spanish Basque brewer in Mexico, and Lucrecia Larregui González, a Mexican painter whose father, José Larregui Iriarte, was a Navarrese miller in Mexico. She is the granddaughter of Félix Aramburuzabala Lazcano-Iturburu, a Spanish Basque immigrant who co-founded the Mexican brewery Grupo Modelo in 1925 with his friend and partner Pablo Díez Fernández.[2] Her father was the Executive Vice President of the Grupo Modelo brewery.[3]

Aramburuzabala graduated from the Instituto Tecnológico Autónomo de México where she majored in accounting.[3]

Family business

The Mexican brewery, Cervecería Modelo, was founded in 1925 by a group of businessmen, including don Pablo Díez Fernández — who became the company's President, CEO and major stockholder — and Felix Aramburuzabala. Felix's son, Pablo Aramburuzabala, the executive vice president of the brewery, died unexpectedly in 1995 of lung cancer at the age of 63. After his death, several groups tried to gain control of his family's share in Modelo — his wife and two daughters bonded together against these groups.[4][5]

The family created Tresalia Capital ("tres aliadas" or three allies) in order to diversify the family investments. Through Tresalia, they have made investments in large Mexican companies, as well as the management of private equity, real estate, infrastructure, venture capital, technology and the creation of new companies.[6]

After Grupo Modelo's sale, she reinvested her proceeds into Anheuser-Busch InBev, continuing the family tradition in the beer business.

Wealth

With a net worth estimated at $5.9 billion, she is the sixth richest person and second richest woman in Mexico.[1]

Personal life

In 1982 she married Paulo Patricio Zapata Navarro. They had two children and divorced in 1997.[7]

On 26 February 2005, she married Tony Garza, US ambassador to Mexico, in a small religious ceremony in Mexico City. On 23 April, they had the civil ceremony near Valle de Bravo, west of Mexico City. U.S. First Lady Laura Bush attended. An estimated one-third of the guests were from Texas. The couple divorced in May 2010.[8]

References
  1. "Forbes profile:Maria Asuncion Aramburuzabala & family". Forbes. Retrieved 18 April 2019.
  2. "Maria Asuncion Aramburuzabala." Gale Biography in Context. Detroit: Gale, 2004. Biography in Context. Web. 17 Jan. 2016.
  3. Casanova, L. (2009-02-27). Global Latinas: Latin America's Emerging Multinationals. Springer. ISBN 978-0-230-23502-1.
  4. Taipei Times, 2002
  5. Forbes, 2001.
  6. Estevez, Dolia. "Mexican Billionaire Maria Asunción Aramburuzabala To Develop Mexico City's Tallest Skyscraper". Forbes. Retrieved 2020-04-09.
  7. "María Asunción Aramburuzabala Larregui". www.economia.com.mx/. 2010. Retrieved 2010-03-29.
  8. Aramburuzabala y Garza se divorcian (Spanish)
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