Germán Larrea Mota-Velasco
Germán Larrea Mota-Velasco (born July 8, 1941) is a Mexican billionaire businessman. He is the CEO of Grupo México, Mexico's largest mining corporation, and the third largest copper producer in the world.[2]
Germán Larrea Mota-Velasco | |
|---|---|
| Born | July 8, 1941 Mexico City, Mexico |
| Occupation | CEO, Grupo México |
| Net worth | US$14.3 billion (February 2020)[1] |
Career
Larrea Mota-Velasco has been chairman, president and CEO of Grupo Mexico since 1994.[2] He was previously executive vice chairman of Grupo Mexico and has been a director since 1981.[2]
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.[2] He has been chairman and CEO of Grupo Ferroviario Mexicano since 1997.[2] He has been chairman and CEO of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992.[2]
He founded Grupo Impresa, a printing and publishing company in 1978, remaining as the chairman and CEO until 1989, when the company was sold.[2] 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.[2]
According to Forbes, he is worth US$14.3 billion, and the second richest man in Mexico, after Carlos Slim.[1]
In November 2020, Larrea Mota-Velasco sold 100,000 shares in Southern Copper Corporation for a total price of $6 million, meaning he now owns a stake in the company worth almost $121 million.[3]
Personal life
He is married, and lives in Mexico City.[1]
References
- "Forbes profile: German Larrea Mota Velasco & family". Forbes. Retrieved 11 March 2018.
- Southern Copper Corporation Board biography
- "German Larrea Mota Velasco Sells 100,000 Shares of Southern Copper Co. (NYSE:SCCO) Stock". MarketBeat.com. Retrieved 2020-12-11.