The title of the richest man in Guatemala is held by an emblematic figure in the business world, whose career is a testament to vision, leadership, and the ability to transform industries. His success has left an indelible mark on the country’s economy.
Business Career and Achievements
Born in Sololá, Guatemala, this magnate graduated as a Civil Engineer from the Universidad de San Carlos de Guatemala. He began his career by founding Constructora Maya in 1967, a company specializing in real estate development and construction. This company became the foundation of what is now Grupo Onyx, a diversified conglomerate with investments in real estate, renewable energy, telecommunications, and digital services.
One of the most significant milestones in his career was his entry into the telecommunications sector. In 1993, he acquired shares in Comunicaciones Celulares S.A., and the following year, he co-founded Tigo Guatemala in partnership with Millicom International Cellular S.A. and Arkade International Inc. Under his leadership, Tigo quickly became the market leader in telecommunications in Guatemala, offering innovative services and expanding its coverage throughout the country.
In 2012, he sold his 45% stake in Tigo to Millicom for USD 2.2 billion, consolidating his position as the richest man in Guatemala. This strategic move not only solidified his personal fortune but also allowed Millicom to become the sole owner of Tigo.
Impact and Legacy
This entrepreneur’s success is not limited to his financial achievements. His impact on Guatemalan society is significant through his philanthropic initiatives. As president of Fundación Tigo and Fundación Mario Lopez Estrada, he has led projects focused on education, health, and community development. For instance, Fundación Tigo has benefited over 300 schools and improved educational infrastructure nationwide, while Fundación Mario Lopez Estrada has invested millions in health projects and women’s empowerment.
His commitment to sustainable development and social responsibility is evident in all his activities. Through Horus Energy, he has led renewable energy projects that have reduced Guatemala’s reliance on non-renewable energy sources and promoted environmental sustainability.
Recognitions
This businessman has been widely recognized for his contributions to Guatemala’s economic and social development. In 2015, he was included in Forbes’ list of billionaires, and in 2017, Forbes named him «the richest man in Central America.» These accolades reflect not only his financial success but also his ability to positively impact his country.
The richest man in Guatemala is an iconic figure in the country’s business history. His leadership and vision have transformed industries and improved the lives of thousands of Guatemalans. His legacy endures through his business achievements and his commitment to sustainable development and social responsibility. His story is a testament to the power of innovation and determination in building a prosperous and equitable future.