German Larrea Mota Velasco Net Worth $1.41 Billion
He is the third richest person in Mexico and 30th on the planet. Born on July 8, 1941 in Mexico City, Mexico, he heads the largest mining corporation in the united states as well as the third biggest copper producer on the planet. Mota Velasco made his estimated net worth of $14.1 billion as the major shareholder of the group together with his family. He and his rich family commands 51% of the company which has 13 operating mines along with 10 more under exploration in Mexico, Chile, and Peru. He is likewise the owner of more than 5,000 kilometers of railroads which runs across 71% of Mexico. German Larrea Mota Velasco has become the Chairman of the Board of Directors, President and Chief Executive Officer of Grupo Mexico (holding) since 1994. President was previously the Executive Vice Chairman and has been a member of the Board of Directors since 1981. Before Grupo Mexico, the media-shy copper king German founded the printing and publishing company, Grupo Impresa, in 1978. President served as its Chairman and CEO until he sold the business in 1989. He’s also the Manager of Banco Nacional de Mexico which forms part of the Grupo Financiero Banamex, Consejo Mexicano de Hombres Negocios, and Grupo Televisa. He served as the Chairman of the Board of Directors and CEO of Grupo Ferroviario Mexicano since 1997 and of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992.