Germán Larrea Mota-Velasco Net Worth and Bio: The Success Story of A Mexican Business Magnate

Learn about Germán Larrea Mota-Velasco, a Mexican business tycoon with a net worth of over $17 billion. Explore his biography and discover how he became one of the wealthiest people in Mexico.

Germán Larrea Mota-Velasco Net Worth, Bio

Germán Larrea Mota-Velasco, a Mexican business magnate, is one of the most successful businessmen in the world. With a net worth estimated at over $25 billion, he has made his fortune in the mining industry and is the owner of Grupo México, a conglomerate that has its operations spread over ten countries.

Unlike other billionaires who inherit their wealth, Larrea Mota-Velasco's success story is one of hard work and determination. Starting as an intern at Grupo México, he worked his way up through the ranks and eventually became the CEO of the company in 1999, at the age of just 46.

Under his leadership, Grupo México has grown leaps and bounds and now owns several subsidiaries including Southern Copper Corporation, one of the largest copper producers in the world. His business acumen and strategic thinking have earned him numerous accolades, and he is widely regarded as one of the most influential people in the mining industry.

"Success is not about how much you have, but about how much you can give back to society."

Despite his immense wealth, Larrea Mota-Velasco is known for his philanthropic work and has donated millions of dollars to various causes. He firmly believes in giving back to society and has established several foundations to help those in need.

This article delves deeper into the life and achievements of Germán Larrea Mota-Velasco, exploring his early life, his rise to success, and his philanthropic endeavors.

Germán Larrea Mota-Velasco: Net Worth and Personal Information

Here is some information about Germán Larrea Mota-Velasco, including his net worth and personal details:

Field	Value
Net Worth	$19.9 billion (as of 2021)
Age	68 years old (born on July 8th, 1952)
Born	in Mexico City, Mexico
Gender	Male
Height	Unknown
Country of Origin	Mexico
Source of Wealth	Larrea's main source of wealth is his stake in Grupo México, one of the largest mining companies in the world. He also has investments in infrastructure and transportation.

Germán Larrea Mota-Velasco is a Mexican businessman and philanthropist who is widely known for his leadership in the mining and transportation industries. He is the chairman and CEO of Grupo México, which is a conglomerate that comprises mining, transportation, and infrastructure companies. Larrea has been listed as one of the world's wealthiest people by Forbes, with a net worth of $19.9 billion as of 2021.

Larrea was born in Mexico City, Mexico in 1952 and has been involved in the family business since childhood. After obtaining a degree in civil engineering from the National Autonomous University of Mexico, he began his career by working at the family's copper mining company. Over the years, Larrea has expanded Grupo México to become a major player in the mining and transportation industries in Mexico and abroad. He is known for his focus on efficiency and innovation, as well as his commitment to sustainability and social responsibility.

Key Facts

Germán Larrea Mota-Velasco Net Worth: Germán Larrea Mota-Velasco is a Mexican business magnate who has a net worth of $17 billion.

Early Life and Education: Germán Larrea Mota-Velasco was born on July 8, 1945, in Mexico City, Mexico. He earned a degree in mechanical engineering from the National Autonomous University of Mexico (UNAM) in 1967.

Career: Germán Larrea Mota-Velasco is the chairman and CEO of Grupo México, a mining and transportation company based in Mexico City. He also owns a stake in Grupo Aeroportuario del Pacífico, which operates several airports in Mexico. Prior to joining his father's business, Larrea worked for several engineering and mining companies, including Hewlett-Packard and Kennecott Copper.

Philanthropy: Germán Larrea Mota-Velasco is known for his generous philanthropic contributions to various organizations in Mexico, including the Red Cross and UNAM. He has also established scholarships and educational programs to support underprivileged youth in Mexico.

Germán Larrea Mota-Velasco: Early Life

Family and Background

Germán Larrea Mota-Velasco was born on July 8, 1964, in Mexico City, Mexico. He is the son of Germán Larrea Mota-Velasco, a prominent businessman and philanthropist, and María Asunción Velasco Álvarez del Castillo. His father was the founder of Grupo México, one of the largest mining companies in the world, while his mother was a socialite and art collector.

Education

Larrea Mota-Velasco studied at the prestigious Instituto Tecnológico Autónomo de México (ITAM), where he earned a bachelor's degree in economics. He later obtained a Master's in Business Administration (MBA) from Stanford Graduate School of Business in California, USA.

Career

Larrea Mota-Velasco's career began at Grupo México, where he worked in various positions before becoming the CEO in 1999. Under his leadership, the company grew significantly, expanding its operations to other countries in Latin America and acquiring several companies in the mining and railroad sectors. Apart from his role at Grupo México, Larrea Mota-Velasco is also active in other businesses such as Inbursa, a Mexican financial group, and Aeropuertos y Servicios Auxiliares, which manages airports in Mexico. He is also known for his philanthropic work, donating money to various charities and organizations in Mexico.

Career

Mining Industry

Germán Larrea Mota-Velasco is known for his successful career in the mining industry. He is the CEO and board chairman of Grupo México, one of the leading mining companies in the world. The company operates in Mexico, Peru, and the United States and specializes in copper mining, as well as other metals such as molybdenum, zinc, silver, and lead.

Larrea Mota-Velasco's career in mining started at the age of 23 when he joined Grupo México as a technical assistant. Over the years, he rose through the ranks and held various high-level positions within the company, including Director of Operations and Vice President of Operations. Under his leadership, Grupo México has become a major player in the global mining industry.

Business Ventures

In addition to his work in the mining industry, Larrea Mota-Velasco has also been involved in various business ventures. He is the founder and CEO of Mexico Retail Properties, a real estate company that specializes in commercial and industrial properties. He also owns a stake in Inbursa, a financial services company, and is a member of the board of directors of Grupo Televisa, a media company.

Larrea Mota-Velasco's success in the business world has earned him numerous accolades. He has been named one of the most influential people in Mexico by Forbes magazine and was awarded the National Engineering Prize in 2010. He is also a philanthropist and has donated millions of dollars to various causes, including education and healthcare.

Germán Larrea Mota-Velasco's Spending Habits

Germán Larrea Mota-Velasco, the billionaire businessman from Mexico, is known for his various investments in the mining, railway, and energy industries. With a net worth estimated to be over $20 billion, he has a vast fortune at his disposal. So, what does he do with his immense wealth?

One of the ways Germán Larrea Mota-Velasco spends his money is by giving back to his community. He has made several charitable donations to institutions that promote education, healthcare, and environmental conservation. In addition to this, he has also contributed to the development of sports facilities in his hometown.

Moreover, Germán Larrea Mota-Velasco is a collector of art and has an extensive collection of works that span various genres and periods. This passion for art has led him to support several cultural institutions by providing funding for exhibitions, installations, and conservation projects.

Despite his immense wealth, Germán Larrea Mota-Velasco is known to be a private person and prefers to keep his personal life out of the public eye. However, it is evident that he uses his money to make a significant impact on his community and has a keen interest in supporting the arts and culture.

Highlights

With a career spanning several decades, Germán Larrea Mota-Velasco has established himself as a respected businessman and philanthropist in Mexico.

He is the CEO and chairman of Grupo México, one of the largest mining companies in the world, with operations spanning several countries.
Under his leadership, Grupo México has grown significantly, diversifying its portfolio and investing in new technologies to improve efficiency and sustainability.
Larrea Mota-Velasco is also known for his philanthropic efforts, supporting causes related to education, health, and social welfare through the Fundación Grupo México.
He has been recognized for his achievements and contributions, receiving several awards and honors, including the prestigious National Order of Merit of Peru.

Despite his success, Larrea Mota-Velasco remains committed to his values of integrity, innovation, and social responsibility, and continues to work towards making a positive impact in the world.

Favorite Quotes from Germán Larrea Mota-Velasco

On Leadership

"A leader must be willing to make tough decisions, take risks, and be accountable for the outcome."

"Being a leader means setting a clear vision and inspiring your team to work towards it."

On Success

"Success comes from hard work, perseverance, and a willingness to learn from failure."

"To be successful, you must have a clear goal and be willing to put in the effort to achieve it."

On Innovation

"Innovation is the key to staying ahead of the competition."

"To be truly innovative, you must be willing to challenge the status quo and think outside the box."

On Giving Back

"A successful person has a responsibility to give back to their community."

"Giving back is not only the right thing to do, it is also a way to create a better future for everyone."

Famous Lessons for Success from Germán Larrea Mota-Velasco

Focus on Innovation and Quality

Germán Larrea Mota-Velasco believes that the key to success lies in developing innovative and high-quality products and services. He emphasizes the importance of staying ahead of the competition by constantly seeking new ways to improve and innovate.

Lesson: Don't just follow the pack - strive to be a leader in your industry by focusing on innovation and quality.

Stay Grounded and Remain Committed

Despite his immense success, Germán Larrea Mota-Velasco remains grounded and committed to his work. He stresses the importance of hard work, dedication, and a positive attitude, and believes that persistence and consistency are crucial to achieving long-term success.

Lesson: Stay focused, remain committed, and never give up - success takes time, effort, and a positive mindset.

Take Risks and Embrace Failure

Germán Larrea Mota-Velasco is not afraid to take risks, and he believes that failure is simply a natural part of the learning process. He encourages others to embrace failure as an opportunity to learn and grow, and to view it as a necessary step on the path to success.

Lesson: Don't be afraid to take risks and embrace failure - it's all part of the journey towards success.

Invest in People

Germán Larrea Mota-Velasco believes that the success of any organization is rooted in its people. He places a strong emphasis on investing in and developing his employees, and believes that building a strong team is crucial to achieving long-term success.

Lesson: Invest in and develop your people - they are the foundation of your success.

Stay Humble and Give Back

Despite his immense success, Germán Larrea Mota-Velasco remains humble and committed to giving back to his community. He believes that giving back is an important part of achieving success, and that we all have a responsibility to help those in need.

Lesson: Stay humble and give back - success is not just about personal achievement, it's about making a positive difference in the world.

Discovering Fascinating Facts About Germán Larrea Mota-Velasco

1. Germán Larrea Mota-Velasco comes from a family of successful entrepreneurs

Germán Larrea Mota-Velasco was born into a family of entrepreneurs. His father, Jorge Larrea Ortega, founded Grupo México in 1978, which is now a leading mining company in Mexico. Germán Larrea Mota-Velasco followed in his father's footsteps and joined the company in 1981. He currently serves as the CEO of Grupo México.

2. Germán Larrea Mota-Velasco is one of the wealthiest people in Mexico

Germán Larrea Mota-Velasco's net worth is estimated to be around $15.3 billion, according to Forbes. He is one of the wealthiest people in Mexico and has been listed on Forbes' billionaire list multiple times. He has built his wealth through his leadership of Grupo México and various other business ventures.

3. Germán Larrea Mota-Velasco is a philanthropist

Germán Larrea Mota-Velasco is known for his philanthropic efforts. He has donated millions of dollars to various causes, including education and healthcare. He has also established the Fundación Grupo México, a non-profit organization that has donated over $184 million to support community development projects in Mexico.

4. Germán Larrea Mota-Velasco values safety in the workplace

Germán Larrea Mota-Velasco is committed to ensuring the safety of his employees. Grupo México has implemented various safety measures across their mining operations to minimize accidents and fatalities. Germán Larrea Mota-Velasco understands the importance of a safe workplace and takes pride in the company's safety record.

5. Germán Larrea Mota-Velasco is an environmentalist

Germán Larrea Mota-Velasco believes in responsible mining practices. Grupo México has implemented several environmental initiatives to minimize the impact of mining on the environment. The company has also invested in renewable energy sources, such as wind and solar power, to reduce their carbon footprint. Germán Larrea Mota-Velasco understands the importance of environmental sustainability and takes action to make Grupo México a responsible corporate citizen.

Summary

Germán Larrea Mota-Velasco is a Mexican businessman with a net worth of over $16 billion. He is the owner of Grupo México, a conglomerate company with interests in mining, transportation, infrastructure, and telecommunications.

Larrea Mota-Velasco was born in Mexico City in 1951 and started his career in the mining industry in the 1970s. He acquired various mining companies over the years and eventually merged them into Grupo México in 1988. The company has since become one of the largest mining companies in the world, producing copper, silver, and gold, among other metals.

Aside from his business interests, Larrea Mota-Velasco is known for his philanthropy. He has donated millions of dollars to education, health, and social projects in Mexico. He also supports environmental causes and has invested in renewable energy projects.

Larrea Mota-Velasco's wealth and success have made him one of Mexico's most prominent businessmen, and he remains a respected figure in the international business community.