Germán Larrea Mota-Velasco facts for kids

Germán Larrea Mota-Velasco was born on October 26, 1953. He is a very successful businessman from Mexico. He is known for being the CEO of Grupo México. This company is Mexico's biggest mining business. It is also the third largest producer of copper in the world. As of June 2025, his wealth was estimated to be around US$31.3 billion.

What He Does

Leading Big Companies

Germán Larrea Mota-Velasco has been the chairman, president, and CEO of Grupo Mexico since 1994. Before that, he was an executive vice chairman. He has also been a director for the company since 1981.

He has also led the Southern Copper Corporation as chairman since December 1999. He was also its CEO from December 1999 to October 2004. He has been a director there since November 1999. Since 1997, he has been the chairman and CEO of Grupo Ferroviario Mexicano. This is a railway company.

Other Business Ventures

Since 1992, he has been the chairman and CEO of several other companies. These include Empresarios Industriales de Mexico and Compania Perforadora Mexico. He also leads Mexico Compania Constructora and Fondo Inmobiliario.

In 1978, he started his own company called Grupo Impresa. This company focused on printing and publishing. He was its chairman and CEO until 1989, when the company was sold. He also serves as a director for important groups. These include Banco Nacional de Mexico and Grupo Televisa.

His Wealth

According to Forbes magazine, Germán Larrea Mota-Velasco was one of the richest people in Mexico. In 2015, 2016, and 2021, he was ranked as the second richest man. He was just after Carlos Slim. In November 2020, he sold some shares in Southern Copper Corporation. This sale was worth about $6 million. He still owns a large part of the company, valued at almost $121 million.

His Life Outside Work

Family and Hobbies

Germán Larrea Mota-Velasco is married and has one daughter. He lives in Mexico City. He has an interesting hobby: he owns and breeds racehorses. He uses the name St. George Stable for his horse racing activities.

Famous Racehorse

One of his horses, a mare named Letruska, became very famous. She made history in 2021. Letruska was the first horse that had raced in Mexico to win a top-level race in the United States. This big win happened at the Apple Blossom Handicap.

See also

In Spanish: Germán Larrea para niños