Germán Larrea Mota Velasco & family
Mining · Mexico City
Net worth
$63.5B
Today
+$508M+0.81%Past month
−$5.6B−8.15%As of Nov 11, 2026, 1:50 PM EST
Germán Larrea Mota Velasco owns the majority of Mexico's largest copper mining company, Grupo México, which also has operations in Perú and the U.S. Under his leadership as president and CEO, Grupo México expanded into the infrastructure and rail transportation sectors. In 2014, the mining company faced scrutiny after a spill at its copper mine in Sonora, Mexico, contaminated two rivers nearby. The company agreed with a government request to deposit $150 million in a trust to compensate local residents harmed by the spill. In 2017, Larrea spun off Grupo México's transport arm into a new company, GMexico Transportes, part owned by two of Carlos Slim Helú's firms.
Net worth over time
Principal holdings
4 positions| Company | Industry | Share | Value |
|---|---|---|---|
Grupo Mexico MEXICO: GMEXICOB-MX | Metals & Mining | 87.9% | $55.8B |
Private and other holdings | Metals & Mining | 11.7% | $7.5B |
GMexico Transportes MEXICO: GMXT-MX | Metals & Mining | 0.3% | $164M |
Southern Copper Corp. NYSE: SCCO | Metals & Mining | 0.1% | $69M |