Late Mexican businessman and philanthropist Eugenio Garza Lagüera had an estimated net worth of $2 billion. Born in Monterrey, Mexico on December 18, 1923. He graduated from the University of Texas majoring in Chemical Engineering and MBA from the Monterrey Institute of Technology, a private university created and funded by his own father, after his high school at Chaminade College Preparatory School in St. Louis, Missouri. In 1947, Garza Lagüera kicked off his profession at a laboratory of Técnica Industrial. In 1969, he joined board of directors for the Grupo Visa, of which he was also in charge starting in 1981. He chaired over the Serfín Bank during the peso deflation of 1982 and the following nationalization of all private banks too. In 1991, Garza Lagüera decided to acquire the Bancomer Banking Group when the government settled in re-privatizing the banking system. He also worked as chairman of the board of the Monterrey Institute of Technology (ITESM) and Femsa, Latin America’s largest beverage corporation. In February 2008, an independent institution established by the U.S. Congress within the Smithsonian Institution, the Woodrow Wilson International Center for Scholars, awarded him the Business Social Responsibility Award. Three months after the accolade, he passed away in Monterrey, Nuevo León at 84 years old on May 24, 2008. Garza Lagüera was the first born of industrialist Eugenio Garza Sada and Consuelo Lagüera Zambrano.