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# Enrique Coppel Luken

Random fact: Shares control with four brothers. His sisters don't have stakes.

Overview

Coppel Luken sits on the board of Coppel, a Mexican network of department stores. The closely held Culiacan, Mexico-based company sells household consumer products, mostly to low-income consumers, and had sales of $4.9 billion in 2016. The family also owns a bank and a retirement-fund management company.

As of July 23, 2017:
Last change ()
YTD change ()
Industry Retail
Biggest asset N/A
Citizenship Mexico
Age 69
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Enrique Coppel Luken's net worth of can buy ...

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troy ounces of gold
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barrels of crude oil

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

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Confidence rating:

Biography

Birthdate: 12/14/1947
Family: Married, 8 children
Education: Monterrey Institute of Technology, Business Administration, Bachelor's Degree

The Coppel empire traces back to the 1930s, when Enrique Coppel Tamayo, a descendant of Polish immigrants, started a gift shop in the coastal Mexican town of Mazatlan with a 5,000-peso loan from his mother. He moved his business to nearby Culiacan, capital of Sinaloa state in 1941. He traveled to Dallas to buy goods, branching out into foodstuffs, bicycles, furniture and electronics. Early on, he started extending credit to his customers, who were often poor. That model sustains the company today. He created the Coppel card for purchases at his stores in 1970.

In the 1980s, with a dozen stores built around Culiacan, he passed the reins to his oldest son, Enrique, who expanded to cities across Mexico while also broadening their product offering. He'd grown the company to 30 stores by 1990 and 143 by 2001. The patriarch died in 2007. The next year, Agustin took the helm of the retailer so that Enrique could focus on their recently acquired bank. Since then, Coppel has opened a handful of stores in Brazil and Argentina. The family also diversified into retirement-fund management.

The family opened their 1,000th Coppel store in 2011 and is still mostly based in Culiacan, where the company is headquartered.

Milestones
  • 1939 Enrique Coppel Tamayo opens a gift shop in Mazatlan, Mexico.
  • 1941 Family business moves to Sinaloa state capital Culiacan.
  • 1947 Enrique Coppel Luken, is born.
  • 1970 Proprietary credit card created for store purchases.
  • 1980 Founder passes the helm to his son Enrique during this decade.
  • 1990 Coppel family opens their 30th store.
  • 2001 The 143rd store is opened.
  • 2007 Patriarch Enrique Coppel Tamayo dies. The family acquires a bank.
  • 2008 Agustin takes the helm of the flagship retailer.
  • 2012 The 1,000th Coppel store is opened.