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

A Chicago bankruptcy lawyer, a Mexican billionaire and a fight over a Mag Mile penthouse

Peter Francis Geraci, an attorney known for his TV commercials, had been fighting German Larrea Mota-Velasco, CEO of mining giant Grupo Mexico, for control of 6,000 square feet of raw space at the top of the Ritz-Carlton Residences since June 2014.
Posted: December 10, 2015, 6:09 am

Forbes Billionaires 2015 List: These Latinos Made It To the Top 100; Two in Top Five

His private equity firm 3G Capital purchased the struggling franchise and took it public. #77 Germán Larrea Mota Velasco (Mexico) - $13.9B While billionaires like Slim relish the spotlight, Larrea's does everything he can to avoid it. Larrea's family owns ...
Posted: March 4, 2015, 1:40 am

Attorney Peter Francis Geraci sees his neighbors in court

But Peter Francis Geraci — the personal bankruptcy attorney whose face ... dashing the hopes of Mexican billionaire German Larrea Mota-Velasco, who already owns a condo on the 38th floor and thought he had dibs on the penthouse, too.
Posted: December 11, 2015, 3:28 pm
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