#32

Germán Larrea Mota Velasco & family

Mexico 72 years old

Overview

Source of Wealth
Mining
Residence
Mexico City
Marital Status
Married

Assets

  • GMexico Transportes
    89,583,000 shares @ -
    -
    GMXT-MX
  • Grupo Mexico
    4,659,185,000 shares @ -
    -
    GMEXICOB-MX
  • Southern Copper Corp.
    396,757 shares @ -
    -
    SCCO-US

Biography

Germán Larrea Mota Velasco owns the majority of Mexico's largest copper mining company, Grupo México, which also has operations in Perú and the U.S.

Under his leadership as president and CEO, Grupo México expanded into the infrastructure and rail transportation sectors.

In 2014, the mining company faced scrutiny after a spill at its copper mine in Sonora, Mexico, 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.

In 2017, Larrea spun off Grupo México's transport arm into a new company, GMexico Transportes, part owned by two of Carlos Slim Helú's firms.