What is German Larrea Mota Velasco's Net Worth?
German Larrea Mota Velasco is a Mexican businessman who has a net worth of $30 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.
