He is the founder and chairman of the company, which is one of the largest construction companies in Mexico.
David Penaloza Sandoval is a Mexican businessman who has recently joined the billionaire circles with a net worth of $2.4 billion. He is the founder and chairman of Pinfra, one of the largest construction companies in Mexico, which has seen its price rise significantly this year.
David Penaloza Sandoval is a member of Richest Billionaires
💰David Penaloza Sandoval Net worth: $2.4 Billion
Some David Penaloza Sandoval images
Precisely speaking, the shares of the company increased over 70% in the last year. Penaloza, who started the precursor to Pinfra (Grupo Tribasa) in 1969, is the current chairman of the company, while his son David Penaloza Alanis serves as CEO. Today, Pinfra holds 16 toll-road concessions in some of the most densely populated areas of Mexico. Hard times came in 1994 when Tribasa was forced to declare bankruptcy as he couldn't pay back dollar-denominated debt from international lenders because of peso devaluation. However, he managed to renegotiate the debt and took on new partners to reshape Pinfra.
