Angélica Fuentes

Angélica Fuentes Téllez is a Mexican business executive and was the majority shareholder of Grupo Omnilife-Angelissima-Chivas, a multinational corporation based in Mexico composed of nutrition supplements company Omnilife, beauty and cosmetics brand Angelíssima, and the Mexican soccer team, C.D. Guadalajara, more commonly known as Chivas. She founded Angelíssima in 2010, followed by the Angélica Fuentes Foundation in 2014, dedicated to promoting women's empowerment and achievement of gender equality in Latin America.[1]

Angélica Fuentes
NationalityMexican
OccupationBusinesswoman

Biography

Fuentes is the daughter of Elma Téllez and Valentín Fuentes Varela, a successful businessman in the energy sector. Angélica is the second of six siblings.[2]

She acknowledges her father as being one of her earliest inspirations for her interest in a business career. She began her professional career working in the family business when she was 11, after convincing her father to let her work at one of his company's gas stations.[3] While working at the gas station, she experienced discrimination for being a woman in a male-dominated industry, motivating her to work harder and generate awareness of women's rights and causes.[4]

Angélica attended the University of Texas at El Paso, graduating with a bachelor's degree in finance.[5]

Fuentes served as chairman of the board of Grupo Imperial Corporativo, an important player in the domestic and international energy market, where she worked for 29 years and is still a member of the board.

While General Director of Grupo Imperial Corporativo, she also served as President of the Mexican Natural Gas Association from 1996 to 2000 and as a member of the Natural Gas Council and the American Gas Association. She is currently a board member of the Monterrey Institute of Technology and Advanced Studies at Juarez, as well as that of the Mexican-United States Chamber of Commerce, the Chihuahuan Business Foundation and BBVA Bancomer.

In August 2012, she and her husband Jorge Vergara became the sole owners of the soccer team Chivas USA.[6]

In October 2015, she was found guilty of fraudulent administration of the company Angelissima and fled to the USA while the affair was settled.[7] In 2016, in the context of her divorce to the businessman Jorge Vergara, she was found guilty of illegally using 2.65 billion pesos (140 million dollars) from her husband's bank accounts to purchase shares of the Grupo Omnilife-Angelissima-Chivas and become owner of the group.[7] In 2022, the Mexican IRS (SAT) publicly revealed that Angélica Fuentes Téllez owed 944 million pesos to the fiscal authorities from the 2012 fiscal year, and seized 50 of the businesswoman's brands.[8]

Distinctions
  • 2014: 5th in Forbes Mexico's list of Most Powerful Women[9]

Personal life

She was married to the businessman Jorge Vergara from 2008 to 2015. They have two children.[10]

References
  1. Saldaña, Ivette (27 March 2014). "Apoyarán con 3 mdd a mujeres en AL" (in Spanish). El Universal. Retrieved 4 December 2014.
  2. "Terra Economía: mercado, dinero, finanzas, empresas, fondos - Terra". Terra. Archived from the original on 22 December 2014. Retrieved 9 August 2015.
  3. http://www.expoknews.com/falta-empoderar-a-la-mujer-en-mexico-Angélica-fuentes-presidenta-ejecutiva-del-grupo-omnilife-chivas/%5B%5D
  4. "Sin miedo a vivir". Reporte Indigo. Retrieved 9 August 2015.
  5. "Honorees and Gala co-chairs". Limón. Retrieved 9 August 2015.
  6. Baxter, Kevin (29 August 2012). "Jorge Vergara takes full ownership of Chivas USA". Los Angeles Times. Retrieved 5 October 2022.
  7. Reina, Elena (1 June 2016). "La millonaria Angélica Fuentes, condenada por robar a su exmarido". El País (in Spanish). ISSN 1134-6582. Retrieved 5 October 2022.
  8. Hernández, Enrique (7 February 2022). "El SAT embarga unas 50 marcas a la empresaria Angélica Fuentes Téllez por impago de impuestos". Forbes México (in Mexican Spanish). Retrieved 5 October 2022.
  9. "La Lista Forbes de las mujeres más poderosas en México". Forbes México. Retrieved 4 December 2014.
  10. "Angélica Fuentes publica mensaje que confirmaría estado crítico de Jorge Vergara". Quién (in Spanish). 24 April 2019. Retrieved 5 October 2022.
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