German Larrea Mota Velasco

About German Larrea Mota Velasco

Birth Day: July 08, 1941
Birth Place: Mexico City, Mexico, Mexico
Birth Sign: Leo
Occupation: CEO, Grupo México

German Larrea Mota Velasco Net Worth

German Larrea Mota Velasco was bornon July 08, 1941 in Mexico City, Mexico, Mexico. Mining tycoon German Larrea and his family own just under half of Grupo Mexico, the country's largest mining and infrastructure company. It has three main units: Americas Mining Corporation, which owns mining assets in Mexico, Peru (Southern Copper) and the U. S. (Asarco); Infraestructura y Transportes México (ITM), which owns two railroads. It also owns a 16% stake in Grupo Aeroportuario del Pacífico, which operates airports, mainly on Mexico's west coast. In August 2014, the mining company faced scrutiny after a toxic spill at its largest copper mine, located in the northern Mexican state of Sonora, 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.
German Larrea Mota Velasco is a member of Metals & Mining

💰 Net worth: $15 Billion (Updated at 22 June 2018)

2009 $2.6 Billion
2010 $9.7 Billion
2011 $16 Billion
2012 $14.2 Billion
2013 $16.7 Billion
2014 $14.7 Billion
2015 $13.9 Billion
2016 $9.2 Billion
2017 $13.8 Billion
2018 $17.89 Billion

Some German Larrea Mota Velasco images

Biography/Timeline

1978

He founded Grupo Impresa, a printing and publishing company in 1978, remaining as the chairman and CEO until 1989, when the company was sold. He is also a Director of Banco Nacional de Mexico, which forms part of Grupo Financiero Banamex, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa.

1994

Mota-Velasco has been chairman, President and CEO of Grupo Mexico since 1994. He was previously executive vice chairman of Grupo Mexico and has been a Director since 1981.

1999

He has served as chairman of the Southern Copper Corporation since December 1999, CEO from December 1999 to October 2004, and as a Director since November 1999. He has been chairman and CEO of Grupo Ferroviario Mexicano since 1997. He has been chairman and CEO of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992.