German Larrea Mota Velasco Net Worth
| Category | Information |
|---|---|
| Net Worth | $30 billion |
| Salary | N/A |
| Birthdate | N/A |
| Birthplace | N/A |
| Gender | Male |
| Height | N/A |
| Profession | Mexican Businessman |
| Nationality | Mexican |
What is German Larrea Mota Velasco’s Net Worth?
German Larrea Mota Velasco is known as a Mexican businessman with a staggering net worth of $30 billion. As the CEO of Grupo Mexico, the largest mining corporation in Mexico and one of the largest copper producers globally, he has accumulated vast wealth through his success in the mining industry. Larrea, together with his affluent family, owns 51% of Grupo Mexico, which operates 13 mines and explores 10 more across Mexico, Chile, and Peru. Additionally, he owns an extensive network of railroads stretching over 5,000 kilometers across 71% of Mexico.
Highlights
- German Larrea Mota Velasco’s net worth is $30 billion.
- He is the CEO of Grupo Mexico, the largest mining corporation in Mexico.
- Grupo Mexico is one of the largest copper producers in the world.
- Larrea and his family hold a majority stake of 51% in Grupo Mexico.
- Grupo Mexico operates 13 mines and explores 10 more across Mexico, Chile, and Peru.
- Larrea owns over 5,000 kilometers of railroads, covering 71% of Mexico.
Early Life
Unfortunately, details about the early life, birthdate, and birthplace of German Larrea Mota Velasco are not available. However, it is known that he is a Mexican national and has achieved remarkable success as a businessman.
Career
German Larrea Mota Velasco began his career by establishing Grupo Impresa, a printing and publishing company, in 1978. He served as the chairman and CEO of Grupo Impresa until 1989 when he decided to sell the company. Following the sale, Larrea held various positions, including Director of Banco Nacional de Mexico, which is part of Grupo Financiero Banamex, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa.
Later on, Larrea acquired his current position as the CEO of Grupo Mexico, a position that has contributed significantly to his immense net worth. Under his leadership, Grupo Mexico has become a powerhouse in the mining industry, dominating the copper market both in Mexico and globally.
Personal Life
German Larrea Mota Velasco prefers to avoid media exposure, and as a result, information about his personal life is limited. It is known that he resides in Mexico with his wife.
Net Worth Over Time
German Larrea Mota Velasco’s net worth has experienced substantial growth over time. As of the latest estimates, his net worth stands at an astounding $30 billion. This significant wealth is primarily derived from his ownership stake in Grupo Mexico and its successful mining operations, particularly in copper production.
Components of Net Worth
The components of German Larrea Mota Velasco’s net worth include his ownership stake in Grupo Mexico, the country’s largest mining corporation, and the profits generated from their mining activities. Additionally, his extensive railway network, which spans over 5,000 kilometers in Mexico, adds substantial value to his net worth.
In conclusion, German Larrea Mota Velasco’s net worth of $30 billion demonstrates his remarkable success as a Mexican businessman. His leadership at Grupo Mexico and the company’s dominant position in the mining industry have propelled him to immense wealth. With a diverse portfolio of assets, including mining operations and railway infrastructure, Larrea continues to solidify his financial standing.