Rank #31
Germán Larrea Mota Velasco & family
Net worth $65.2B
Mining · Mexico
- Born
- Oct 26, 1953
- Age
- 72
- Source
- Mining
- Residence
- Mexico City
- Citizenship
- Mexico
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- 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.
Financial assets
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