German Larrea Mota Velasco Net Worth is$16.7 Billion
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Date of Birth: Jul 8, 1941

Country: Mexico

German Larrea Mota Velasco net worth: German Larrea Mota Velasco is a Mexican businessman who has a net worth of $16.7 billion. German Larrea Mota Velasco is the CEO of Grupo Mexico, the country's largest mining corporation and one of the largest copper producers in the world. Together with his affluent family, he holds 51% of the group, which has 13 operating mines, as well as 10 more under exploration in Mexico, Chile, and Peru. What's more, he owns over 5,000 kilometers of railroads that stretch across 71% of Mexico. The copper king who avoids media exposure, prior to becoming Grupo Mexico's CEO established printing and publishing company Grupo Impresa in 1978. He served as its chairman and CEO until 1989, when he sold the company. Then he served as Director of Banco Nacional de Mexico, which forms part of Grupo Financiero Banamex, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa; as well as several other roles before acquiring his current position. Larrea, who is named the 3rd richest in Mexico as of March 2013, reportedly lives in Mexico with his wife.
GermA?n Larrea Mota-Velasco (born July 8, 1941) is a Mexican businessman. He is the CEO of Grupo MA(C)xico, the largest mining corporation in Mexico and the third largest copper producer in the world.
GermA?n Larrea has been Chairman of the Board of Directors, President and Chief Executive Officer of Grupo Mexico (holding) since 1994. He was previously Executive Vice Chairman of Grupo Mexico and has been a member of the Board of Directors since 1981.
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. He has been Chairman of the Board of Directors and CEO of Grupo Ferroviario Mexicano since 1997. 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.
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.
According to Forbes, he is worth US$16 billion. He lives in Mexico City, and he is married.

German Larrea Mota Velasco Latest News

Profit From This Multi-Billionaire's Bet On An Unloved Commodity

The man in question is Germán Larrea Mota-Velasco, who controls Grupo Mexico, the third-largest copper mining firm in the world. Yet Mota-Velasco's recent focus is on another miner that he also controls: Southern Copper Corp. (NYSE: SCCO). This is where ...
Posted: September 14, 2014, 7:30 pm

Germán Larrea Mota-Velasco

Mr. Germán Larrea Mota-Velasco is Chairman at Americas Mining Corp., Chairman at Southern Copper Corp., Chairman at Ferrocarril Mexicano SA de CV, Chairman & Chief Executive Officer at Grupo Ferroviario Mexicano SA de CV, Chairman & Chief Executive ...
Posted: September 19, 2017, 7:44 am

Southern Copper Corporation (NYSE:SCCO) Trading Down – Short Interest Up 13.31%

Here is a rundown on some insider market activity for Southern Copper Corporation (NYSE:SCCO). Chairman German Larrea Mota Velasco disclosed the sale of 504,800 shares. The shares were sold on August 3rd for an average price of $39.51. The Chairman now ...
Posted: September 22, 2017, 10:38 am

A Chicago bankruptcy lawyer, a Mexican billionaire and a fight over a Mag Mile penthouse

Peter Francis Geraci, an attorney known for his TV commercials, had been fighting German Larrea Mota-Velasco, CEO of mining giant Grupo Mexico, for control of 6,000 square feet of raw space at the top of the Ritz-Carlton Residences since June 2014.
Posted: December 10, 2015, 5:09 am

Workers Struggles: The Americas

All three are part of billionaire Germán Larrea Mota Velasco’s Grupo México mining conglomerate. The strike at Sombrerete has been going on for four years. The National Mine and Metal Workers Union (STNMM), which called the march, claimed that around ...
Posted: August 10, 2011, 12:51 am
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