María Asunción Aramburuzabala Larregui (born 2 May 1963) is a Mexican billionaire businesswoman. She is the chairperson of Tresalia Capital, a venture capital firm. As of March 2022, her net worth is estimated at US$6.2 billion.
Family business
The Mexican brewery, Cervecería Modelo, was founded in 1925 by a group of businessmen, including don Pablo Díez Fernández — who became the company’s President, CEO and major stockholder — and Felix Aramburuzabala. Felix’s son, Pablo Aramburuzabala, the executive vice president of the brewery, died unexpectedly in 1995 of lung cancer at the age of 63. After his death, several groups tried to gain control of his family’s share in Modelo — his wife and two daughters bonded together against these groups.
The family created Tresalia Capital (“tres aliadas” or three allies) in order to diversify the family investments. Through Tresalia, they have made investments in large Mexican companies, as well as the management of private equity, real estate, infrastructure, venture capital, technology and the creation of new companies.
After Grupo Modelo’s sale, she reinvested her proceeds into Anheuser-Busch InBev, continuing the family tradition in the beer business.
Maria Asuncion Aramburuzabala is the Chairperson, Tresalia Capital
- Maria Asuncion Aramburuzabala is by far Mexico’s best known businesswoman. She serves on the board of beer giant Anheuser-Busch InBev.
- With her mother and sister, she inherited a stake in beer giant Grupo Modelo from her father.
- Net worth: $6.3 billion
- Modelo was sold to AB InBev in 2013 for $20 billion.
- She has served as CEO of investment firm Tresalia Capital since 1996, and has led investments in construction, telecommunications and the Internet.

