Hugo Salinas Price


Hugo Salinas Price is a Mexican business magnate, investor, and philanthropist. He is the founder of Mexico's Elektra retail chain. The current head of Elektra is his son Ricardo Salinas Pliego. Elektra began as a factory assembling electronic appliances for the Salinas y Rocha chain, a national retailer of appliances. Elektra then set up a direct sales operation offering appliances on installments. Hugo Salinas Price currently is retired from retailing and focuses on being a proponent of a sound financial policy for Mexico. Salinas Price is President, Mexican Civic Association Pro Silver, A.C.

Birth and education

Salinas was born on March 11, 1932 in Bryn Athyn, Pennsylvania, his mother's home town.
He graduated from the Academy of the New Church Secondary Schools in 1949.
He studied at the Wharton School from University of Pennsylvania, at the Instituto Tecnológico y de Estudios Superiores de Monterrey and law from the Universidad Nacional Autónoma de México.

Career