Who is Germán Larrea?
Germán Larrea Mota-Velasco is the chairman and chief executive of Grupo México, Mexico’s largest mining company and one of the world’s biggest copper producers. Forbes’ real-time list valued him and his family at $69.19 billion on 20 October 2026, 29th in the world, which makes him the second richest Mexican after Carlos Slim 12.
How did Germán Larrea make his money?
From Grupo México, the mining and transport group his father, Jorge Larrea Ortega, built in the 1960s and 1970s. When Jorge died in 1999 his widow, Sara Mota, inherited his stake. Germán’s family holds about 60% of the company, and its copper arm, Southern Copper, runs mines in Mexico and Peru. Forbes says his fortune rose 134% in a year, from $28.6 billion to $67.1 billion on its March 2026 list, as record metal prices lifted the company 3456.
Early life
He was born on 26 October 1953 in Mexico City, the son of Jorge Larrea Ortega and Sara Mota de Larrea 27.
Career at Grupo México
He has been a director of Grupo México since 1981 and its chairman, president and chief executive since 1994. He took over the group’s rail business in 1997 and has chaired Southern Copper since December 1999, when Grupo México bought the US miner Asarco for $2.2 billion 348. Read Germán Larrea’s companies.
Other businesses
His group also runs Mexico’s largest railways, construction, energy and highways businesses, and he controls the cinema chain Cinemex. His nephew Fernando López Guerra Larrea leads the rail division 910.
Germán Larrea net worth
Forbes valued him at $69.19 billion in October 2026, about ₹6.5 lakh crore at ₹94 to the dollar 2. See Germán Larrea net worth and our ranking of the top 50 richest people in the world.