German Larrea Mota Velasco Net Worth is$16.7 Billion
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Date of Birth: Jul 8, 1941
Country: Mexico
German Larrea Mota Velasco net worth: German Larrea Mota Velasco is a Mexican businessman who has a net worth of $16.7 billion. German Larrea Mota Velasco is the CEO of Grupo Mexico, the country's largest mining corporation and one of the largest copper producers in the world. Together with his affluent family, he holds 51% of the group, which has 13 operating mines, as well as 10 more under exploration in Mexico, Chile, and Peru. What's more, he owns over 5,000 kilometers of railroads that stretch across 71% of Mexico. The copper king who avoids media exposure, prior to becoming Grupo Mexico's CEO established printing and publishing company Grupo Impresa in 1978. He served as its chairman and CEO until 1989, when he sold the company. Then he served as Director of Banco Nacional de Mexico, which forms part of Grupo Financiero Banamex, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa; as well as several other roles before acquiring his current position. Larrea, who is named the 3rd richest in Mexico as of March 2013, reportedly lives in Mexico with his wife.
GermA?n Larrea Mota-Velasco (born July 8, 1941) is a Mexican businessman. He is the CEO of Grupo MA(C)xico, the largest mining corporation in Mexico and the third largest copper producer in the world.
GermA?n Larrea has been Chairman of the Board of Directors, President and Chief Executive Officer of Grupo Mexico (holding) since 1994. He was previously Executive Vice Chairman of Grupo Mexico and has been a member of the Board of Directors since 1981.
He has served as Chairman of the Board of the Southern Copper Corporation since December 1999, CEO from December 1999 to October 2004 and as a member of the Board of Directors since November 1999. He has been Chairman of the Board of Directors and CEO of Grupo Ferroviario Mexicano since 1997. He is also Chairman of the Board of Directors and CEO of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992.
He founded Grupo Impresa, a printing and publishing company in 1978, remaining as the Chairman and CEO until 1989, when the company was sold. He is also a Director of Banco Nacional de Mexico, which forms part of Grupo Financiero Banamex, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa.
According to Forbes, he is worth US$16 billion. He lives in Mexico City, and he is married.

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German Larrea Mota Velasco Latest News

The 5 Wealthiest People in Mexico

German Larrea Mota Velasco Net Worth: $12.8 billion (was $16.7 billion in 2012) German Larrea Mote Velasco owns a majority stake in Grupo México S.A.B. de C.V. (GMEXICOB.MX) — the largest mining and infrastructure company in the country. Unfortunately ...
Posted: January 23, 2015, 11:01 am

Courts strike down CEO’s attempt to put blame on Grupo Mexico subsidiary

TORONTO (miningweekly.com) – A Mexican district court and a court of appeals have both rejected attempts by billionaire Germán Larrea Mota Velasco, CEO of Grupo Mexico, to compel subsidiary Americas Mining Corporation (AMC), to answer as co-defendant in ...
Posted: March 21, 2014, 12:40 am

Attorney Peter Francis Geraci sees his neighbors in court

The Illinois Appellate Court has ruled that Geraci can purchase the 6,000-square-foot penthouse at the top of the Ritz-Carlton Residences, dashing the hopes of Mexican billionaire German Larrea Mota-Velasco, who already owns a condo on the 38th floor and ...
Posted: December 11, 2015, 4:32 pm
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