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María Asunción Aramburuzabala 101: Mexican Business Empress
Zatrun
Zatrun Published at July 30, 2024

Zatrun.com has taken a deep dive into the remarkable life of a woman who has left an indelible mark on Mexico’s business landscape. María Asunción Aramburuzabala, born on May 2, 1963, in Mexico City, is a Mexican business magnate, widely recognized as the fifth wealthiest person in Mexico and the richest woman in the country. Her prominence extends to a global level as she ranks as the third wealthiest woman in Latin America, boasting a staggering fortune of $6.18 billion. On an international scale, she secures the 311th position among the world’s wealthiest individuals.

María Asunción Aramburuzabala: Early Life and Family Legacy

María Asunción Aramburuzabala’s familial connection to the business world runs deep. Her grandfather, the Spanish entrepreneur Félix Aramburuzabala, co-founded Grupo Modelo, the largest brewery in Mexico renowned for producing global beer brands like Corona, Modelo Especial, Negra Modelo, and Victoria.

Tragedy struck in 1995 when her father, Pablo Aramburuzabala, passed away. At that pivotal moment, María Asunción stepped into the role of Vice President at Modelo and Corona, which was also known as Coronita in Spain. It was a time when the company’s reach spanned more than 180 countries. Under her leadership, the family’s wealth multiplied, and she initiated diversification into private equity investments.

The Era of Expansion and Philanthropy

In 2012, when Grupo Modelo was sold to the Belgian group ABI-InBev for a staggering 17 billion euros, Mariasun continued to play a crucial role as a shareholder and a member of the company’s Board of Directors. Despite the transition, her influence and impact on the business were undiminished.

Fast forward to 2020, María Asunción is preparing the next generation for a seamless transition of control in the company. Her son, Pablo Zapata Aramburuzabala, is set to take the reins of the family empire. Additionally, María Asunción has planned to relocate to a new residence in the United States.

A Woman of Many Facets: Personal Life and Ventures

In 2005, María Asunción Aramburuzabala entered her second marriage, tying the knot with the U.S. Ambassador Tony Garza. However, the union lasted just five years before they went their separate ways. The Aramburuzabala family established Tresalia Capital, a family office created to manage their investments.

The name “Tresalia” symbolizes the strong bond shared among the three women in the family. This venture marked the family’s foray into expanding and diversifying their investments, including direct investments in significant Mexican and international companies through private equity, venture capital, and real estate. Tresalia Capital is known for its support of investment projects initiated by young entrepreneurs.

Notably, Tresalia Capital places a significant emphasis on social responsibility, focusing on investments that prioritize the country’s economic and social development while maintaining a high degree of integrity.

Over the years, Tresalia has successfully diversified its investments, moving beyond its traditional brewing business to venture into global consumer goods, technology infrastructure, real estate development, education, and fashion.

A Multifaceted Leader: María Asunción Aramburuzabala’s Board Memberships

Mariasun serves as a board member in various organizations, including Tresalia Capital, Kio Networks, Abilia, Aliat Universidades, Medistik, and ABI-InBev. In the past, her influence extended to board memberships in Grupo Modelo, El Universal, Televisa, América Móvil, Grupo Financiero Banamex, Banamex, Fresnillo, ICA, Aeroméxico, Médica Sur, Siemens, Tory Burch, Diblo, DiFA, Empaques de Carton United, and Empaques San Pablo.

She was the first woman to serve as a board member on the Bolsa Mexicana de Negocios (Mexican Stock Exchange) and actively participated in the International Advisory Committee of the NYSE. In February 2020, María Asunción made headlines with her acquisition of the building located at Calle de Claudio Coello, 11, Madrid.

This building, formerly the headquarters of the Universidad Villanueva, was secured at a reduced price, reducing the cost from twenty-seven million to twelve million euros. Her plan is to rehabilitate the structure into eleven luxury residences, with each square meter priced at eight thousand euros.

In conclusion, María Asunción Aramburuzabala’s journey is a remarkable testament to her unwavering commitment to shaping Mexico’s business landscape. As a key figure in Grupo Modelo’s success, her influence extends well beyond the brewing industry. With Tresalia Capital, she continues to support and drive investment projects that contribute to Mexico’s social and economic development. María Asunción Aramburuzabala’s legacy embodies the power of determination, entrepreneurial spirit, and responsible wealth management.

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