G ermán Larrea Mota-Velasco is a reclusive Mexican billionaire who is the chairman and CEO of Grupo México, the country's largest mining corporation and one of the largest copper producers in the world. He inherited the company from his father, Jorge Larrea, who was known as "the king of copper." Germán has since vastly expanded the family's industrial empire.
Grupo México is a dominant force in the global copper market and also has major operations in rail transport, owning the largest rail network in Mexico. Larrea is known for his tough management style and for being intensely private, rarely appearing in public or giving interviews. His career has been marked by both immense success and significant controversy, including major environmental disasters and long and bitter labor disputes at his company's mines. He is the second-richest person in Mexico, after Carlos Slim.
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Germán Larrea Mota-Velasco is a Mexican billionaire businessman, the CEO of Grupo México (BMV: GMEXICOB), Mexico's largest mining corporation and the third largest copper producer in the world. Born in Mexico City in 1953, his wealth is rooted in the essential industrial sectors of mining, transportation, and construction.
Larrea Mota-Velasco has been Chairman, President, and CEO of Grupo México since 1994, and a Director since 1981. His career is defined by his extreme secrecy (he avoids public appearances) and his mastery of vertical industrial integration across critical national infrastructure assets (mining, rail, and construction).
Germán Larrea Mota-Velasco's strategic genius was consolidating and scaling Grupo México into a global mining powerhouse. He has served as Chairman and CEO of Southern Copper Corporation (a subsidiary) since 1999, which provides him with control over massive copper reserves. His career is marked by aggressive expansion, making the company the third largest copper producer in the world.
He successfully integrated his operations by controlling Grupo Ferroviario Mexicano (railway company), providing him with essential transportation and logistics control. Larrea Mota-Velasco maintains a fiercely private existence, rarely giving interviews. His wealth, estimated at $31.3 billion (June 2025 estimate), makes him one of the richest men in Mexico, second only to Carlos Slim. His personal passion is owning and breeding Thoroughbreds under the name St. George Stable.
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Founds Grupo Impresa, a printing and publishing company (Early Venture).
Becomes a Director of Grupo México (Corporate Entry).
Becomes Chairman, President, and CEO of Grupo México (Executive Ascent).
Becomes Chairman of Southern Copper Corporation (Industrial Consolidation).
Continues as CEO, managing the massive resource and infrastructure conglomerate (Executive Oversight).
Germán Larrea Mota-Velasco's wealth is concentrated in his controlling stake and executive leadership of the publicly traded industrial giant, Grupo México (BMV: GMEXICOB).
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Germán Larrea Mota-Velasco's social impact is massive and structural, stemming from Grupo México's role as Mexico's largest mining corporation, providing thousands of stable industrial jobs and contributing significantly to the nation's GDP and resource exports. His control over the railway system (Grupo Ferroviario Mexicano) is essential for national logistics.
His personal philanthropy supports various educational and community initiatives. His career provides an example of a corporate heir leveraging industrial control and vertical integration to build a globally dominant resource empire.
Germán Larrea Mota-Velasco maintains the highly professional, intensely private style of a major Mexican industrialist. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic is one of serious authority, reflecting his decades of commanding essential national industrial assets.
Residing in Mexico City, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is defined by industrial scale, resource control, and his personal passion for Thoroughbred breeding.
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0% | $0.00M
+2.14% | +$139.15M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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