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. In December 2024, people estimated his wealth to be around US$27.3 billion.

Germán Larrea's Business Journey

Germán Larrea Mota-Velasco has been a leader at Grupo México for a long time. He became the chairman, president, and CEO of the company in 1994. Before that, he was already an important director there since 1981.

He has also led other big companies. Since 1999, he has been the chairman of Southern Copper Corporation. He was also the CEO of this company for a few years. Since 1997, he has been the chairman and CEO of Grupo Ferroviario Mexicano. This company is important for trains and transportation.

In 1978, he started his own company called Grupo Impresa. This business focused on printing and publishing. He was its chairman and CEO until 1989, when he sold the company. He also helps lead other major businesses. These include Banco Nacional de Mexico and Grupo Televisa.

Forbes magazine has often listed him as one of the richest people. In 2015, 2016, and 2021, he was the second richest person in Mexico. Only Carlos Slim was richer than him during those years.

Germán Larrea's Personal Life

Germán Larrea Mota-Velasco is married and lives in Mexico City. He has a special hobby: he owns and breeds racehorses. He uses the name St. George Stable for his horses.

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