Rank #2231
Rubén Coppel Luken
Net worth $1.9B
Diversified · Mexico
- Born
- Apr 18, 1950
- Age
- 76
- Source
- Diversified
- Residence
- Culiacan
- Citizenship
- Mexico
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Rubén Coppel Luken and his four brothers own the Coppel department stores, one of Mexico's largest retailers.
- Coppel is chairman of BanCoppel and Afore Coppel, the group's banking and pension fund businesses
- BanCoppel, founded in 2007, stemmed from the retailer's historical practice of financing items to their clients.
- Because customers were low on cash after World War II, founder Enrique Coppel Tamayo started selling furniture on credit using weekly payments.
- In mid-2023, Afore Coppel reported over $24 billion in assets under management.
- BanCoppel has over 1,000 offices across Mexico.