The Bad PlaceEL PAÍS in English | Mexico’s biggest fortunes seek certainty outside the country by Eyanir Chinea
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Mexico’s largest wealth transfer is prompting a quiet yet significant shift in investment patterns: as family fortunes move into the hands of millennial and Gen‑Z heirs, many are steering capital away from the country’s traditional industrial base toward international markets, especially the United States, seeking the stability of the dollar, deeper liquidity and clearer legal rules. While average wealth per adult has risen 150 % since the 2008 crisis and the country’s biggest fortunes grew 38 % in 2025, GDP stagnated at under 1 % and the first quarter of 2026 contracted 0.8 %. Approximately $25 billion of Mexican assets fled abroad last year, fuelled by firms offering real‑estate‑linked residency schemes and a growing appetite among younger investors for diversified assets such as cryptocurrencies, tech‑focused equities, ETFs and sustainable investments. This outflow, combined with a prolonged decline in gross fixed investment and an aversion to risk, threatens domestic productive capacity and underscores the broader challenges facing Mexico’s economy.
