Billionaire German Larrea Mota Velasco’s Life Story

Overview

German Larrea Mota Velasco is a billionaire businessman from Mexico. He is the chairman and CEO of Grupo Mexico, which is one of the largest mining companies in the world. According to Forbes, his net worth as of 2021 is $15.5 billion, making him one of the wealthiest people in the country.

Early Life and Education

German Larrea Mota Velasco was born on April 8, 1953 in Mexico City. His father, Jorge Larrea Ortega, was a successful businessman and founder of Grupo Mexico. Velasco attended the National Autonomous University of Mexico where he earned a degree in Chemical Engineering.

Career and Achievements

After completing his education, Velasco joined his father’s company and started working as a manager in various departments. He was also actively involved in expanding the company’s operations. In the late 1970s, he became the CEO of Asarco Mexico, a subsidiary of Grupo Mexico. He was responsible for turning around the struggling company, which led to significant increases in profits for Grupo Mexico.

Under Velasco’s leadership, Grupo Mexico has become one of the largest mining companies in the world, with operations in Mexico, Peru and the United States. The company produces a variety of minerals, including copper, gold, silver, lead and zinc. In addition to mining, the company also has interests in transportation, infrastructure and energy.

Velasco has received several awards and recognitions for his business achievements, including being named CEO of the Year by the Latin Trade Bravo Business Awards in 2018.

Personal Life

Velasco is married and has three children. He is known for being a private person and rarely speaks to the media. However, he is actively involved in philanthropic work and is a member of several environmental and charitable organizations in Mexico.

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