The 14 Richest Families in El Salvador: A Look at the Country's Economic Elite
El Salvador, a small but vibrant country in Central America, has a rich and complex economy. While the country faces many challenges, including poverty and inequality, there are many wealthy families who have made their fortunes in various industries. In this blog post, we will take a closer look at the 14 richest families in El Salvador, their sources of wealth, and their impact on the country's economy.
1. The Slim Family
The Slim family is one of the most influential and wealthy families in El Salvador. Their fortune was made in the telecommunications industry, with interests in companies such as TigoStar and Movistar. The family's net worth is estimated to be over $1.5 billion.
2. The Garci'a Family
The Garci'a family is another prominent family in El Salvador, with a fortune made in the construction and real estate industries. Their company, Garci'a Asociados, is one of the largest construction companies in the country. The family's net worth is estimated to be over $1.2 billion.
3. The Reyes Family
The Reyes family is a well-known family in El Salvador, with a fortune made in the agriculture and food industries. Their company, Ingenio Joya de Cerén, is one of the largest sugar producers in the country. The family's net worth is estimated to be over $900 million.
4. The Monteros Family
The Monteros family is a wealthy family in El Salvador, with a fortune made in the finance and banking industries. Their company, Banco Monteros, is one of the largest banks in the country. The family's net worth is estimated to be over $800 million.
5. The Bustillo Family
The Bustillo family is a prominent family in El Salvador, with a fortune made in the construction and real estate industries. Their company, Construcciones Bustillo, is one of the largest construction companies in the country. The family's net worth is estimated to be over $700 million.
6. The Romero Family
The Romero family is a wealthy family in El Salvador, with a fortune made in the transportation and logistics industries. Their company, Grupo Romero, is one of the largest transportation companies in the country. The family's net worth is estimated to be over $600 million.
7. The Deras Family
The Deras family is a well-known family in El Salvador, with a fortune made in the agriculture and food industries. Their company, Exportadora de Café, is one of the largest coffee exporters in the country. The family's net worth is estimated to be over $500 million.
8. The Chacón Family
The Chacón family is a prominent family in El Salvador, with a fortune made in the construction and real estate industries. Their company, Chacón Constructores, is one of the largest construction companies in the country. The family's net worth is estimated to be over $450 million.
9. The Ayala Family
The Ayala family is a wealthy family in El Salvador, with a fortune made in the finance and banking industries. Their company, Banco Ayala, is one of the largest banks in the country. The family's net worth is estimated to be over $400 million.
10. The Trigueros Family
The Trigueros family is a well-known family in El Salvador, with a fortune made in the agriculture and food industries. Their company, Trigueros Internacional, is one of the largest agricultural companies in the country. The family's net worth is estimated to be over $350 million.
11. The Zelaya Family
The Zelaya family is a prominent family in El Salvador, with a fortune made in the construction and real estate industries. Their company, Grupo Zelaya, is one of the largest construction companies in the country. The family's net worth is estimated to be over $300 million.
12. The Folsom Family
The Folsom family is a wealthy family in El Salvador, with a fortune made in the finance and banking industries. Their company, Banco Folsom, is one of the largest banks in the country. The family's net worth is estimated to be over $250 million.
13. The Mirones Family
The Mirones family is a well-known family in El Salvador, with a fortune made in the agriculture and food industries. Their company, Mirones Export, is one of the largest agricultural companies in the country. The family's net worth is estimated to be over $200 million.
14. The Pisco Family
The Pisco family is a prominent family in El Salvador, with a fortune made in the construction and real estate industries. Their company, Pisco Construcciones, is one of the largest construction companies in the country. The family's net worth is estimated to be over $150 million.
Conclusion
The 14 richest families in El Salvador have made their fortunes in various industries, including telecommunications, construction, agriculture, finance, and more. While these families have contributed to the country's economy and growth, there are also concerns about income inequality and the concentration of wealth among a few elite families. As El Salvador continues to develop and grow, it will be important to address these issues and ensure that the benefits of economic growth are shared more broadly among all Salvadorans.
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The rain in San Salvador falls hard enough to wash away the dust, but never the history. From the terraces of the multi-million dollar penthouses in the Escalón district, the city looks like a sprawling circuit board of lights, pulsing with the energy of a country constantly reinventing itself.
But if you look closely at the board of directors for the banks, the coffee exporters, the pharmaceutical empires, and the new booming shopping malls, the names remain stubbornly consistent.
They are the Catorce—the Fourteen. It is not an official club, no plaque hangs on a wall, but in the social pages of El Diario de Hoy and the private ledgers of the banks, they are the dynasty that holds the levers of El Salvador.
The Sol Millets are the private bankers to the oligarchy. They own Grupo Financiero Multi Inversiones (GFMI) , a bank that specializes in offshore accounts for wealthy Salvadorans hiding assets from taxation. They have offices in Panama and the Caymans. Their fortune is liquid and difficult to trace, but leaked documents (Pandora Papers) revealed they manage over $2 billion in third-party assets, with their personal cut estimated at $250–350 million.
The Dutriz family owns Grupo Dutriz, which publishes La Prensa Gráfica (the country’s oldest and largest newspaper) and operates TV channels (Canal 4, 6, and 12). For decades, they controlled public discourse. They have since diversified into printing and digital marketing. Estimated family net worth: $300 million. 14 richest families in el salvador
The Murrays control the Salvadoran bottling empire Grupo Embotellador de Centroamérica (GECSA). They hold the exclusive franchise for Coca-Cola products in El Salvador, Nicaragua, and Costa Rica. This generates a steady, recession-proof cash flow. They also own Plásticos Modernos, the region’s largest plastic packaging supplier. Estimated net worth: $400–600 million.