Germán Larrea Mota Velasco & family

$30.04B

as of 10/04/24

About Germán Larrea Mota Velasco & family

Germán Larrea Mota Velasco owns the majority of Mexico's largest copper mining company, Grupo México, which also has operations in Perú and the U.S.

Under his leadership as president and CEO, Grupo México expanded into the infrastructure and rail transportation sectors.

In 2014, the mining company faced scrutiny after a spill at its copper mine in Sonora, Mexico, contaminated two rivers nearby.

The company agreed with a government request to deposit $150 million in a trust to compensate local residents harmed by the spill.

In 2017, Larrea spun off Grupo México's transport arm into a new company, GMexico Transportes, part owned by two of Carlos Slim Helú's firms.

Personal stats

Citizenship

Mexico

Source of wealth

Mining

Residence

Mexico City, Mexico

Marital status

Married

Birth date

10/26/53 (age 70)

Self-made

inherited and growing