14 Richest Families In | El Salvador Best Updated

In El Salvador, wealth is highly concentrated. These families are often referred to locally as the "Select Group" (Grupo Selecto). They control the vast majority of the private banking system, import/export businesses, and the supermarket chains that the average Salvadoran uses daily. Unlike in the US, where tech moguls appear on lists, Salvadoran wealth is "old money" rooted in land (coffee) that diversified into banking and retail.

The phrase "The 14 Families" Las Catorce Familias ) is one of the most enduring myths and historical realities in El Salvador. Originally referring to a 19th-century coffee oligarchy that controlled the nation's land and wealth, the modern economic landscape has shifted from a handful of landowners to a more diverse set of financial conglomerates and global business groups. 14 richest families in el salvador best

Once extremely powerful in the early 20th century, though their relative fortune has declined compared to others. The Modern Power Shift: From Land to Conglomerates In El Salvador, wealth is highly concentrated