Hugo Salinas Price
Mexican business magnate and investor (born 1932)
From Wikipedia, the free encyclopedia
Hugo Salinas Price (born March 11, 1932) is a Mexican business magnate, investor, and philanthropist. He is the founder of Mexico's Elektra retail chain.
Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM)
Universidad Nacional Autónoma de México (UNAM)
Hugo Salinas Price | |
|---|---|
Hugo Salinas Price in 2009 | |
| Born | March 11, 1932 Bryn Athyn, Pennsylvania, U.S. |
| Other names | Hugo Benjamin Salinas |
| Alma mater | Wharton School, University of Pennsylvania Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) Universidad Nacional Autónoma de México (UNAM) |
| Occupation | Electronics Retailer (Retired) |
| Spouse | Esther Pliego de Salinas |
| Children | Ricardo Salinas Pliego Esther Salinas Pliego Guillermo Salinas Pliego Rebeca Salinas Pliego Norah Emilia Salinas Pliego |
| Parent(s) | Hugo Salinas Rocha Norah Price |
He also owns the second largest gold mine and silver mines in the state of Durango.[1]
Biography
Salinas was born on March 11, 1932[2] in Bryn Athyn, Pennsylvania, his mother's home town.[3] His uncle Benjamin Salinas Westrup, along with his step-brother Joel Rocha, founded the furniture company Salinas y Rocha, which grew rapidly thanks to the possibility to pay with credit.[4]
He graduated from the Academy of the New Church Secondary Schools in 1949.[5] He studied at the Wharton School from University of Pennsylvania, at the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and law from the Universidad Nacional Autónoma de México (UNAM).
Elektra began as a factory assembling electronic appliances for the Salinas y Rocha chain, a national retailer of appliances. Hugo Salinas Price became director of the company in 1952, and opened its first store Elektra in 1959. Elektra then set up a direct sales operation offering appliances on installments. By 1968, Elektra had opened 12 stores nationwide. Hugo Salinas Price retired from the company in 1987, leaving the 59-store retail network to his son Ricardo Salinas Pliego.[4]
Other roles
- Since 1997: founder and president of Mexican Civic Association Pro Silver, A.C.
- Since 1993: Honorary president of Grupo Elektra
Books
- Salinas Price, Hugo (1996). La plata: El camino para México (in Mexican Spanish). Diana. ISBN 978-9681329426.
- Salinas Price, Hugo (2000). Mis años con Elektra (in Mexican Spanish). Diana. ISBN 978-9681332563.
