Germán Larrea Mota Velasco & family
$51.9B
Born
Oct 26, 1953
Age
72
Source of Wealth
Mining
Residence
Mexico City,
Citizenship
Mexico
Marital Status
Married
Children
0
Education
- 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.
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