President’s Eldest Son Lives in Lap of Luxury

The current residence of José Ramón López Beltrán, eldest son of Mexican President Andrés Manuel López Obrador. Photo: Latinus


In the latest edition of his weekly digital news program Latinus on Saturday, Jan. 29, internationally acclaimed journalist Carlos Loret de Mola presented a report on an extensive investigation, conducted in cooperation with the nonprofit Mexicans against Corruption, revealing the lush lifestyle of Mexican President Andrés Manuel López Obrador’s (AMLO), José Ramón López Beltrán, who currently resides in Texas.

Several massive mansions in Houston with swimming pools and movie theaters, plus a posh Mercedes Benz truck were just some of López Beltrán’s assets documented in the report, in sharp contrast with his father’s so-called Republic Austerity.

According to the Latinus report, some of the assets are in the name of López Beltrán’s wife, Carolyn Adams.

One of the houses where López Beltrán and his wife previously lived was located in a private section of the upscale Jacobs Reserve, on the outskirts of Houston, and is valued at more than $1 million.

That 447-square-meter, four-bedroom, four-bath home has three parking spaces, a double-height living room, a kitchen, a bar, a game room, a movie theater and a 23-meter-long heated pool.

According to documents and records consulted by Latinus and Mexicans against Corruption, the house was inhabited by the president’s son and his daughter-in-law between 2019 and 2020, and belonged at that time to Keith Schilling, a senior executive of the Baker Hughes company, which currently holds contracts with the López Obrador administration for more than $151 million in works for the state-owned oil giant Petróleos Mexicanos (Pemex).

The residence in which the couple currently lives is located in the town of Harris Bennett, also on the outskirts of Houston. That two-story property, the investigation revealed, has five bedrooms and five full bathrooms on a plot of almost 1,100 square meters.

According to official county documents, the government appraisal of that home was $371,239 dollars, the equivalent of 7.6 million pesos. However, government property appraisals in Texas are usually well below market value, and according to specialized appraisers, the average value of property in the area is about $1 million.

Also, while his father travels around Mexico City in a used white Jetta, López Beltrán drives a Mercedes Benz van valued at close to 1.5 million pesos, the report noted.

After the Latinus report went viral on Mexican media over the weekend, AMLO, who has made his dislike for Latinus’ scathing exposés of his administration’s alleged acts of corruption and nepotism public, constantly attacking Loret de Mola verbally during his daily press conferences, was unusually quiet about the matter.

As of Sunday, Jan. 30, the president had not issued any response to the exposé on his eldest son’s assets.