Germán Larrea Mota Velasco & family

$58.86 B

Ranked #31 in World

About Germán Larrea Mota Velasco & family

Explore the trajectory of Germán Larrea Mota-Velasco, a prominent Mexican tycoon with assets totaling $24.6 billion. As the CEO of Grupo México, the nation's prime mining entity and a global copper production leader since 1994, he has forged a prolific path. He oversees Southern Copper Corporation and has been instrumental in Grupo Ferroviario Mexicano, holding key positions in top Mexican businesses and banks. Larrea also has a distinguished presence in thoroughbred horse breeding and racing. This finance magnate, based in Mexico City, demonstrates his versatile leadership across diverse industries.

Born

October 26, 1953

Age

72 years

Source Of Wealth

Mining

Industries

Metals & Mining

Citizenship

Mexico

Residence

Mexico City

Germán Larrea Mota-Velasco was born on July 8, 1956, in Mexico City, Mexico. His father, Jorge Larrea Ortega, was a prominent businessman and politician who served as the governor of the state of Sonora. His mother, María Teresa Mota Velasco, was a homemaker.

Germán Larrea Mota Velasco & family: Family

Germán Larrea Mota-Velasco is married and has three children. He lives in Mexico City with his family.

Germán Larrea Mota Velasco & family: Career Highlights

Germán Larrea Mota-Velasco began his career in the mining industry in 1978 when he founded Grupo Impresa, a printing and publishing company. In 1981, he joined Grupo Mexico as executive vice chairman and director. He became chairman, president, and CEO of the company in 1994.

Under Larrea's leadership, Grupo Mexico has grown into one of the largest mining companies in the world. The company is the third largest copper producer in the world and also produces gold, silver, lead, and zinc. Grupo Mexico has operations in Mexico, the United States, Peru, and Chile.

In addition to his role at Grupo Mexico, Larrea is also chairman of Southern Copper Corporation and Grupo Ferroviario Mexicano. He is also chairman and CEO of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario.

Germán Larrea Mota Velasco & family: Companies

Germán Larrea Mota-Velasco is the chairman, president, and CEO of Grupo Mexico, the third largest copper producer in the world. He is also chairman of Southern Copper Corporation and Grupo Ferroviario Mexicano. Additionally, he is chairman and CEO of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario.

Germán Larrea Mota Velasco & family: Major Achievements

Germán Larrea Mota-Velasco has been recognized for his business achievements both in Mexico and internationally. He has received numerous awards, including the Mexican Businessman of the Year award in 1997 and the International Businessman of the Year award in 2004.

In 2012, Larrea was inducted into the Mexican Mining Hall of Fame.

He is also a member of the board of directors of the World Economic Forum.

Germán Larrea Mota Velasco & family: Awards & Achievements

Germán Larrea Mota-Velasco has received numerous awards and recognitions for his contributions to the mining industry and business community. Some of his notable awards include:

Mexican Businessman of the Year (1997)
International Businessman of the Year (2004)
Induction into the Mexican Mining Hall of Fame (2012)
Member of the board of directors of the World Economic Forum

Germán Larrea Mota Velasco & family: Personal Life & Legacy

Germán Larrea Mota-Velasco is a private individual who rarely gives interviews or appears in public. He is known for his philanthropy and has donated millions of dollars to various charitable causes. He is also an avid art collector and owns a significant collection of Mexican art.

Germán Larrea Mota Velasco & family: Trivia

Germán Larrea Mota-Velasco owns and breeds Thoroughbreds under the nom de course of St. George Stable.
His mare Letruska became the first horse that had raced in Mexico to subsequently win at the Grade I level in the United States when she won the Apple Blossom Handicap in 2021.

Wealth History

Timeline

1978

Founded Grupo Impresa, a printing and publishing company, serving as chairman and CEO until 1989 when the company was sold.

1981

Became executive vice chairman and director of Grupo Mexico.

1989

Sold Grupo Impresa.

1992

Became chairman and CEO of Grupo Ferroviario Mexicano, Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario.

1994

Became chairman, president, and CEO of Grupo Mexico.

1997

Became chairman and CEO of Grupo Ferroviario Mexicano.

1999

Became chairman of Southern Copper Corporation.

December 1999

Became CEO of Southern Copper Corporation.

October 2004

Stepped down as CEO of Southern Copper Corporation.

2021

His mare Letruska became the first horse that had raced in Mexico to subsequently win at the Grade I level in the United States when she won the Apple Blossom Handicap.

Germán Larrea Mota Velasco & family : FAQs

What is Germán Larrea Mota Velasco's current net worth?

Germán Larrea Mota Velasco's current net worth is $58.86 billion.

What is Germán Larrea Mota Velasco's current global rank among billionaires?

Germán Larrea Mota Velasco holds the 31st position globally among billionaires.

What is Germán Larrea Mota Velasco's current ranking within the Mexico?

Germán Larrea Mota Velasco holds the 2nd position in Mexico.

What was the change in Germán Larrea Mota Velasco's net worth compared to the previous year?

Germán Larrea Mota Velasco's net worth increased by 7.49 billion dollars compared to the previous year 2025, when his net worth was 51.37 billion dollars.

What is the recent change in Germán Larrea Mota Velasco's net worth?

Germán Larrea Mota Velasco's net worth decreased by 0.14 million dollars recently, with his net worth standing at 58.86 billion dollars.

What are Germán Larrea Mota Velasco's main sources of wealth?

Germán Larrea Mota Velasco's main source of income comes from Mining.

In which industry does Germán Larrea Mota Velasco primarily operate?

Germán Larrea Mota Velasco is primarily involved in the Metals & Mining industry.

How old is Germán Larrea Mota Velasco?

Germán Larrea Mota Velasco is 72 years old.

What is Germán Larrea Mota-Velasco's role at Grupo México?

Germán Larrea Mota-Velasco is the CEO of Grupo México, Mexico's largest mining corporation and the third-largest copper producer in the world.

How long has Germán Larrea Mota-Velasco been serving as the Chairman and CEO of Grupo Mexico?

Germán Larrea Mota-Velasco has been serving as the Chairman, president, and CEO of Grupo Mexico since 1994.

What significant achievement does Germán Larrea Mota-Velasco have in thoroughbred horseracing?

Germán Larrea Mota-Velasco owns St. George Stable, and his mare Letruska won the Apple Blossom Handicap in 2021, becoming the first horse that had raced in Mexico to subsequently win at the Grade I level in the United States.

Can you list some of the key leadership positions held by Germán Larrea Mota-Velasco within Grupo Mexico and its affiliated companies?

Germán Larrea Mota-Velasco has held numerous leadership positions including Chairman of Southern Copper Corporation since December 1999, CEO of Southern Copper Corporation from December 1999 to October 2004, and Chairman and CEO of Grupo Ferroviario Mexicano since 1997, among others.