German Larrea Mota Velasco’s profile picture

German Larrea Mota Velasco

German Larrea Mota Velasco’s profile picture
Net worth 2018: $17.89 Billion
Industry: Metals & Mining
Residence: Mexico City, Mexico
Country: Mexico
BirthDay: 8 July 1941
Sigh: Leo
BIOGRAPHY

German Larrea Mota Velasco was bornon 8 July 1941 in Mexico City, Mexico, Mexico. German Larrea Mota Velasco is #73 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
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

TIMELINE
1999

He has served as Chairman of the Board of the Southern Copper Corporation since December 1999, CEO from December 1999 to October 2004 and as a member of the Board of Directors since November 1999

1997

He has been Chairman of the Board of Directors and CEO of Grupo Ferroviario Mexicano since 1997

1994

Germán Larrea has been Chairman of the Board of Directors, President and Chief Executive Officer of Grupo Mexico (holding) since 1994

1992

He is also Chairman of the Board of Directors and CEO of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992

1981

He was previously Executive Vice Chairman of Grupo Mexico and has been a member of the Board of Directors since 1981

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

1941

Germán Larrea Mota-Velasco (born July 8, 1941) is a Mexican businessman

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