Ernesto Coppel Net Worth

Ernesto Coppel has been a major player in the tourism industry in Mexico. He has developed luxury hotels on the Pacific Coast in Mazatlan and Cabo San Lucas. These properties are decorated with original pieces of art and unique architecture. In addition, the Coppel family owns six hotels in the region.

Coppel has a retail operation that generates an annual sales of $4.6 billion. The company has a profit margin of 60 percent, which is the widest of any major Latin American retailer. It has more than 1,000 stores in Mexico and Brazil. Earlier this month, it opened its 1,000th store in Teotihuacan. Despite violence in Sinaloa, the Coppel empire has grown.

Ernesto Coppel’s net worth is estimated at $850 million. Agustin Coppel, the head of the family’s management, disagrees with the estimate. As of September 2011, the Coppel SA managed $60 billion pesos. However, it is difficult to determine the exact family’s net worth.

Until recently, none of the Coppel brothers appeared on the Forbes wealth rankings. However, all four brothers are now worth billions of dollars. Ruben, Alberto, Enrique and Jose Coppel Luken own shares in the company. They are joined by other family members. There is also a retirement fund agency called Consar.

Besides the department store, the Coppel family has an interest in a bank and real estate. In addition, the Letty Coppel Foundation works to improve the quality of life in Los Cabos. All of the profits from the retailers’ operations are reinvested into the group’s businesses. Some of the stores offer credit cards with rates as high as 60 percent. This makes it possible for poor people to buy expensive items like washing machines.

Since the 1990s, the Coppel family has branched out from its base in Culiacan, Sinaloa. Its business began when Enrique Coppel Tamayo opened a small gift shop in the city. When he died in 2007, the shares were passed down to his sons. Before his death, Alberto had owned a 19% stake in the company.

After his death, Agustin took over the company. His brother Enrique had previously focused on international expansion. He died in 2007. But he left a legacy of great success and a legacy of community involvement. Today, Enrique’s grandson Agustin continues to run the company.

Despite all of the success, Ernesto Coppel has kept his private life under wraps. He and his wife, Letty, have not shared any details of their lives online. They have also declined to publish any information about their children on the internet.

With his great reputation and his ability to make money, Ernesto Coppel is one of the richest and most influential businessmen in Mexico. Besides his financial success, he is a philanthropist and a leader in the tourism industry. Through his work, he has helped to increase the country’s economy.

With his ties to Mexico’s history, Ernesto Coppel is a great entrepreneur. He has made a positive impact on the country’s economic growth through tourism. While the Coppel family is based in Culiacan, the company maintains a strong presence in Argentina, Canada, and Brazil.