German Mota-Velasco Chairman of the Board and CEO of Grupo México Country: Mexico

1. Biography of Germán Larrea Mota-Velasco
2. Early Life and Career
3. Success and Recognition
4. Education and Foundation for Success

Biography of Germán Larrea Mota-Velasco

Germán Larrea Mota-Velasco is the Chairman and CEO of Grupo México, a global corporation engaged in the extraction of valuable minerals such as copper, silver, and zinc, as well as the management of the largest railway in Mexico. Grupo México is currently the largest mining corporation in Mexico and the third-largest in the world among the largest copper mining companies. As Grupo México is a family-owned mining corporation, Germán is involved in the management of the business alongside other family members.

Early Life and Career

Germán Larrea Mota-Velasco was born into a wealthy family and grew up with a strong interest in the mining industry. In 1988, his father, George Larrea, founded Grupo México with the intention of acquiring key mining sites in Mexico, particularly copper mines, as well as other mining assets such as coal mines. By the year 2000, Grupo México had taken responsibility for producing 87.5% of Mexico's copper, becoming the third-largest copper producer in the world.

Over the years, Grupo México continued to expand its operations, acquiring new mining territories and becoming increasingly successful. In addition to his role in managing the family-owned company, Germán Larrea Mota-Velasco also oversees the largest and most profitable railway in Mexico. The railway system spans approximately 6,000 miles of tracks and consists of 15,000 wagons, which transport over 40% of the country's total railway cargo. The railway connects major cities in the country, where 70% of industrial production is located, and is also linked to four seaports on the Pacific Ocean and two in the Gulf of Mexico.

Success and Recognition

In November 2005, Grupo México's railway division acquired the company Ferrosur, further strengthening its transportation capabilities. This acquisition is expected to lead to increased revenues and profits in the future. Germán Larrea Mota-Velasco is a well-known and affluent figure. In 2007, his name appeared on the list of the world's wealthiest individuals - billionaires. At that time, his net worth exceeded seven billion dollars.

Education and Foundation for Success

Germán Larrea Mota-Velasco obtained a bachelor's degree in science and arts, which laid the foundation for his future achievements and career growth. His education, combined with his practical experience, played a significant role in his success as a leader in the mining and transportation industries.