Net Worth: $8.7 Billion
- Source of Wealth Mining
- Birth Place Mexico City, Mexico
- Marital Status Married
- Full Name German Larrea Mota Velasco
- Nationality Mexican
- Date of Birth July 8, 1941
- Occupation CEO of Grupo Mexico, Businessman
About German Larrea Mota Velasco
Mexican businessman German Larrea Mota Velasco is the CEO of Grupo Mexico who has an estimated net worth of $8.7 billion as of April 2016, according to Forbes. He is the third richest person in Mexico and 30th in the world. Born on July 8, 1941 in Mexico City, Mexico, he heads the largest mining corporation in the country and the third largest copper producer in the world.
Mota Velasco earned his estimated net worth of $8.7 billion as the major shareholder of the group together with his family. He and his affluent family controls 51% of the company which has 13 operating mines along with 10 more under exploration in Mexico, Chile, and Peru. He is also the owner of more than 5,000 kilometers of railroads which runs across 71% of Mexico.
German Larrea Mota Velasco has been the Chairman of the Board of Directors, President and Chief Executive Officer of Grupo Mexico (holding) since 1994. He was previously the Executive Vice Chairman and has been a member of the Board of Directors since 1981.
Before Grupo Mexico, the media-shy copper king German founded the printing and publishing company, Grupo Impresa, in 1978. He served as its Chairman and CEO until he sold the company in 1989. He is also the Director of Banco Nacional de Mexico which forms part of the Grupo Financiero Banamex, Consejo Mexicano de Hombres Negocios, and Grupo Televisa. He was the Chairman of the Board of Southern Copper Corporation since December 1999, CEO between December 1999 to 2004, and the member of the Board of Directors from November 1999. He served as the Chairman of the Board of Directors and CEO of Grupo Ferroviario Mexicano since 1997 and of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992.