What is Germán Larrea Mota-Velasco’s net worth?

As of October 2022,  The net worth of Germán Larrea Mota-Velasco is estimated to be $10 Billion.

One of the biggest mining companies in all of Mexico is led by CEO and shareholder German Larrea Moto-Velasco. He has 51% of the company, which runs 13 mines in Mexico and has 10 more under exploration.

Due to his companies’ mining operations, Larrea has been involved in numerous scandals with environmentalists, and previous anti-mining demonstrations have resulted in the cancellation of numerous projects.

Given the destruction brought on by the spillage in 2014, which damaged the company’s brand, this is understandable.

Germán Larrea Mota-net Velasco’s worth is projected to exceed $10 billion as of October 2022.

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Facts about Germán Larrea Mota-Velasco

• After taking over the family business from his father, Larrea has been ranked as Mexico’s second richest man.
• Along with the United States and Peru, Grupo Mexico also conducts business in Mexico.
• Currently, Larrea serves as the director of Grup Financiero Banamex, Grup Televisa, Consejo Mexicano de Hombres de Negocios, and Banco Nacional de México.
• He established the printing and publishing business Grupo Impresa in 1978, and he served as its CEO until 1989, when he sold it.
• He owns and breeds thoroughbred horses since he has a passion for horse racing. He has a mare named Letruske that has amassed a number of spectacular racing victories.

Early Years and Childhood

On July 8, 1941, German Larrea Mota-Velasco was born in Mexico City. Due to the family’s seclusion and the scarcity of archives from that time period in Mexico’s history, nothing is known about Larrea’s youth.

What is known is that his mother, Sara Mota de Larrea, and father, Jorge Larrea Ortega, raised him in a devout environment.

Larrea graduated from Janus University with a bachelor’s degree in business administration and a credential for the Thunderbird School of Global Management’s Global Leadership Program.

Career

Larrea has been the CEO of Grupo Mexico since 1994. Prior to that, he served as a director since 1981. When his father ultimately relinquished control of the business in 1994, he was named chairman, president, and CEO.

The other part of the family business, which is controlled by his mother, Sara Mota de Larrea, keeps it firmly in the family’s hands.

He started out as the chairman of Southern Copper Corporation in 1991 and eventually rose to become CEO and director in 1999. He later rose to the position of CEO of a number of businesses, including Compania Perforadora, Mexico Companie Constructora, Fondo Inmobillario, Empresarios Industriales de Mexico, Grupo Ferroviario Mexicano, and Empresarios Industriales de Mexico in 1992.

Similarly he established Grupo Impresa, a printing and publishing business, which he later sold. Since that time, he has joined Grupo Financiero Banamex, Grupo Televisa, and Consejo Mexicano de Hambres de Negocios as a director of Banco Nacional de Mexico.

For more than 25 years, Larrea has served as Grupo Mexico’s chairman, chief executive officer, and president. Thanks to his vision and economic acumen, the company has grown into the infrastructure and rail transportation sectors.

Under Larrea’s direction, Grupo Mexico has developed into one of the most prosperous mining and logistics businesses in the Western Hemisphere. During this period, the business has also increased its activities in the United States and Peru.

Larrea effectively built an empire in the mining sector using the company his father had left him.

Germán Larrea Mota-Velasco’s Career Earnings

Since the family keeps their income a very closely-guarded secret, precise numbers are difficult to find. However, we may make an educated guess as to Larrea’s income based on the data at hand.

An approximate breakdown of Germán Larrea Mota-yearly Velasco’s revenue is provided below:

• Germán Larrea Mota-Velasco’s Salary In 2014 – $800 million
• Germán Larrea Mota-Velasco’s Salary In 2015 – $810 million
• Germán Larrea Mota-Velasco’s Salary In 2016 – $820 million
• Germán Larrea Mota-Velasco’s Salary In 2017 – $825 million
• Germán Larrea Mota-Velasco’s Salary In 2018 – $829 million
• Germán Larrea Mota-Velasco’s Salary In 2019 – $834 million
• Germán Larrea Mota-Velasco’s Salary In 2020 – $850 million
• Germán Larrea Mota-Velasco’s Salary In 2021 – $900 million
• Germán Larrea Mota-Velasco’s Salary In 2022 – $1 billion

Germán Larrea Mota-Velasco is one of the richest people in the world based on his annual income.

Germán Larrea Mota-Velasco’s Net Worth Annually

Due to his ownership of the majority of the company’s shares, Germán Larrea Mota-fortune Velasco’s increased as the business expanded.

The annual net worth of Germán Larrea Mota-Velasco is broken down as follows:

• Germán Larrea Mota-Velasco’s Net Worth In 2014 – $14.8 billion
• Germán Larrea Mota-Velasco’s Net Worth In 2015 – $13.95 billion
• Germán Larrea Mota-Velasco’s Net Worth In 2016 – $9 billion
• Germán Larrea Mota-Velasco’s Net Worth In 2017 – $13.9 billion
• Germán Larrea Mota-Velasco’s Net Worth In 2018 – $17.1 billion
• Germán Larrea Mota-Velasco’s Net Worth In 2019 – $13.3 billion
• Germán Larrea Mota-Velasco’s Net Worth In 2020 – $11 billion
• Germán Larrea Mota-Velasco’s Net Worth In 2021 – $26 billion
• Germán Larrea Mota-Velasco’s Net Worth In 2022 – $30 billion

German Larrea’s fortune will continue to grow in the ensuing decades due to the recent spike in metal prices and the rising demand for copper and other industrial raw materials.

Personal Life

Due to his image as a loner, little is known about Larrea’s wife despite the fact that they are married. He leads a solitary life while occasionally visiting the race track; there are no records of any children. One of the few public glimpses into his private life is his investment in a stud farm where he breeds champion horses.

Recognition & Achievements

Germán Larrea Mota-Velasco avoids media attention and the spotlight as much as possible.

However, it is not surprising that he attracts a lot of media attention given the scale of his businesses and the impact his industry has on Mexico.

Here are a few of Germán Larrea Mota-more Velasco’s notable career moments:

• In 2020, Forbes ranked him as the second-richest person in all of Mexico.
• German was appointed chairman and CEO of Mexico Compania Constructora, S.A. in 1999.
• In 1997, German was appointed chairman of the board of directors of Empresarios Industriales de Mexico Societe Anonima de CV.
• It is unlikely that we will read or hear much about him in the media, even though we are confident that he will continue to be the driving force behind the company’s success.

How Does Germán Larrea Mota-Velasco Spend His Money?

Larrea has real estate holdings all around the world and in 2019 he listed his Ritz-Carlton condo for $8 million.

For familial and professional reasons, he spends money on travel between Mexico City and Italy, although he avoids extravagant expenditures.

Since mining accounts for the majority of his investments, little is known about his other pursuits outside the fact that he owns the St. George Stable, where champion racehorses are bred.

Highlights

Larrea grew his firm and brought in fresh revenue streams to support the core operation under his savvy leadership.

Additionally, he worries about how his business will affect the neighborhood’s residents and makes sure there is enough money set aside to make up for any harm his business may create.

The following are a few of Germán Larrea Mota-career Velasco’s high points:

• Grupo Mexico was able to diversify into the infrastructure and rail transportation industries thanks to Larrea.
• In 2017, Grupo Mexico’s transportation division was separated to form GMexico Transportes.
• The corporation took the initiative and put $150 million into a trust account to pay the residents who were injured by the leak, despite the catastrophe of a spillage close to Sonora.
• Larrea sold 100,000 shares of the Southern Copper Corporation in 2020 for $6 million, making the value of his remaining holding in the company more than $121 million.
• More over 3,100 miles (5,000 kilometers) of railroads, or roughly 71% of the country’s available track, are owned by Larrea throughout Mexico.
• Larrea’s businesses are seeing tremendous growth as they ride the peak of an upward trend in commodity prices and rising global demand for raw materials.
• By doing this, he will guarantee that the value of his ownership and the wealth of his family will continue to rise in the near future.

Favorite Germán Larrea Mota-Velasco Quotes

Larrea worries about the future of the regions where he mines despite his investments in industries known for damaging natural environments.

He is certain, however, that his workers receive fair pay for their work and that the local residents profit from the natural resources in the area.

Here are some of Germán Larrea Mota-best Velasco’s quotes:

• “I say to the people of Baja California Sur, no to the mine. Why no? Because we have to care for paradise, not destroy it, and care for nature ” – Germán Larrea Mota-Velasco
• “We demand … that mining workers are paid well … as they are paid in Canada, as they are paid in the US. Why will a mining worker be paid 10 times less in Mexico? ” – Germán Larrea Mota-Velasco
• “We are going to seek unity among miners. Division does not help the workers. ” – Germán Larrea Mota-Velasco
• ” Now they’re also seeking an agreement, and we’re open to dialogue, but we cannot continue in the same way, waiving taxes. ” – Germán Larrea Mota-Velasco
• ” Democracy is consulting the people on all decisions and that is what we’re going to put into practice. ” – Germán Larrea Mota-Velasco

3 Amazing Lessons From Germán Larrea Mota-Velasco

Germán Larrea Mota-Velasco is a smart, seasoned businessperson with excellent management abilities and intelligence.

Now that you are aware of Germán Larrea Mota-net Velasco’s worth, read on for some of the most effective success advice he has to offer:

1. Life’s Better If You Keep It Private

Despite his enormous riches, there is still not much information on Larrea that the public and media have access to. Larrea allegedly considers it almost humorous that he can go anyplace and not be identified as one of the richest men in the world as a result of this.

2. Work Hard And You Will Succeed

Larrea’s ability to quickly advance to the position of CEO in several different businesses demonstrates the amount of effort he invested in his career to reach to this point.

3. Always Show Consideration for Your Coworkers

Unfortunately, there is a significant salary gap between Mexican and American miners, thus Larrea has been working hard to close this gap and improve the situation.

Summary

Currently, Larrea splits his time between Mexico City and Italy, where he travels frequently with his family and leads a lavish life without drawing attention from the media out of respect for his desire for seclusion.

His financial savvy is famous, and as long as he is in charge of his corporate empire, his riches will only grow.

Germán Larrea Mota-net Velasco’s worth is projected to exceed $10 billion as of October 2022.