Germán Larrea Mota Velasco

This blog earns income with affiliate links. Isn’t that amazing?
Turn your online presence into a Six-Figures passive income! Join this Free Training NOW.

Who is Germán Larrea Mota Velasco?

Germán Larrea Mota Velasco is a Mexican business magnate who is widely regarded as one of the most successful entrepreneurs in the country’s history.

Born in 1949 in Mexico City, Larrea inherited Grupo México, a conglomerate of companies in the mining, transportation, and infrastructure sectors, from his father.

Under his leadership, Grupo México has grown into one of the largest mining companies in the world, with operations in Mexico, Peru, and the United States.

With his unique leadership style, Larrea has become a respected figure in the Mexican business community, and his contributions to the country’s economy and society have made him a household name.

In this biography, we will take a closer look at the life and achievements of Germán Larrea Mota Velasco and explore the legacy he has left behind.

Become The Next Internet Millionaire

Germán Larrea Mota Velasco Personal Info

Germán Larrea Mota Velasco’s Early Life

Germán Larrea Mota Velasco was born on July 8, 1941, in Mexico City, Mexico. He was the youngest of four children born to Jorge Larrea Ortega and Sara Mota de Larrea.

Larrea’s father was a successful businessman who founded Grupo México, a conglomerate of companies in the mining, transportation, and infrastructure sectors.

Larrea grew up in a privileged family environment, with access to the best education and resources. His father, who was a strong influence in his life, instilled in him a love for business and entrepreneurship from an early age. He would often take Germán to visit the mines and factories of Grupo México, where he would learn about the different aspects of the business.

Despite his privileged background, Larrea’s childhood was not without challenges. When he was just 10 years old, his mother passed away, leaving his father to raise him and his siblings. This experience had a profound impact on Larrea and helped shape his values of resilience and determination.

Larrea’s upbringing and family background provided him with a strong foundation for his future success. His exposure to the world of business from a young age laid the groundwork for his future achievements.

Unlock the door to financial freedom with the
#1 home-based business opportunity!
Discover a way to earn over $100K a year from the comfort of your own home.
Don’t wait, click now to start your journey to success.

Germán Larrea Mota Velasco’s Education

Germán Larrea Mota Velasco’s attended the Colegio Oxford, a prestigious private school in Mexico City, where he excelled academically. After completing his secondary education, he went on to study engineering at the National Autonomous University of Mexico (UNAM), one of the most prestigious universities in the country.

Larrea’s engineering studies provided him with a solid foundation in mathematics, physics, and other sciences, which would later prove valuable in his work in the mining industry. After completing his degree, he continued his studies and earned a master’s degree in business administration from the Stanford Graduate School of Business in California, USA.

Larrea’s education not only equipped him with the necessary technical knowledge and skills to excel in the business world but also instilled in him a strong work ethic and a commitment to lifelong learning. Throughout his career, he has continued to seek out new learning opportunities and has even taken courses in subjects outside his field, such as philosophy and history.

Germán Larrea Mota Velasco’s education played a significant role in his success as a business leader.

Germán Larrea Mota Velasco’s Career

Germán Larrea Mota Velasco is known for his successful career in the mining industry. He has played a significant role in the development and growth of Grupo México, a conglomerate of companies in the mining, transportation, and infrastructure sectors, which was founded by his father, Jorge Larrea Ortega.

After completing his education, Germán Larrea Mota Velasco began his career at Grupo México, starting as an intern and working his way up through the ranks. He gained experience working in various areas of the company, including engineering, operations, and finance.

Germán Larrea Mota Velasco inherited Grupo México from his father, Jorge Larrea Ortega, after his passing in 1997. It was a significant turning point in his career.

After taking over as CEO of Grupo México, Germán Larrea embarked on a strategy of expansion and growth. He oversaw the modernization of the company’s operations and the implementation of new technologies and processes to improve efficiency and productivity. The company expanded into new markets, including the United States, Peru, and Spain, and diversified its operations to include transportation and infrastructure.

One of Germán Larrea’s most significant accomplishments in his career was the acquisition of major mining companies, including Southern Peru Copper Corporation and ASARCO LLC. These acquisitions helped to solidify Grupo México’s position as one of the largest mining companies in the world and expanded its operations to new markets and geographies.

In addition to his work at Grupo México, Germán Larrea has been involved in a range of other business ventures. He has served on the board of directors for several companies, including Grupo Televisa, one of the largest media companies in Latin America. He is also the founder and CEO of Grupo BAL, a conglomerate of companies that includes businesses in the energy, real estate, and financial sectors.

Throughout his career, Germán Larrea has been recognized for his contributions to the Mexican mining industry. He has been a vocal advocate for the industry, working to promote its growth and development in Mexico and beyond.

Germán Larrea Mota Velasco’s career has been characterized by his leadership, innovation, and commitment to excellence. He has played a significant role in the growth and development of Grupo México.

Germán Larrea Mota Velasco’s Net Worth

Germán Larrea Mota Velasco has a real-time net worth of $27.5 billion as of April 7, 2023. His fortune is primarily derived from his ownership and management of Grupo México.

Under Germán Larrea’s leadership, Grupo México has become one of the largest mining companies in the world. The company is involved in the extraction and production of copper, silver, zinc, and other metals, as well as transportation and infrastructure projects.

Germán Larrea also owns significant stakes in other companies, including Infraestructura Energética Nova (IEnova), a Mexican energy infrastructure company, and the soccer team Club León.

Germán Larrea Mota Velasco’s net worth is a reflection of his successful business career and entrepreneurial spirit.

Germán Larrea Mota Velasco’s Personal Life

Germán Larrea is known for his sharp business acumen and his ability to lead and grow companies. However, little is known about his pursuits outside of business and philanthropic activities. It is known that he is a soccer fan and owns the Mexican soccer team Club León.

In terms of his personality, Germán Larrea is described as a disciplined and focused individual, with a strong work ethic and a commitment to excellence. He is known for his humility and his willingness to listen to the perspectives of others. Overall, Germán Larrea is widely respected for his leadership and his contributions to the business and social development communities in Mexico and beyond.

Germán Larrea Mota Velasco’s Parents

Germán Larrea Mota Velasco was born into a family with a long history in the mining industry. His father, Jorge Larrea Ortega, was a mining engineer and entrepreneur who founded Grupo México, the mining and infrastructure conglomerate that Germán Larrea would later inherit and grow into one of the largest companies in Mexico and the world.

Jorge Larrea Ortega was born in 1900 in the state of Sonora, Mexico, and grew up in a family of miners. He studied mining engineering at the National Autonomous University of Mexico (UNAM) and later went on to work for various mining companies in Mexico and abroad. In the 1950s, he founded Grupo México, which initially focused on the production of copper and other metals in Mexico.

Sara Mota de Larrea was Germán Larrea’s mother. She was known for her work with the National Institute of Fine Arts and her support of education and cultural programs throughout the country.

Together, Jorge Larrea Ortega and Sara Mota de Larrea raised a family of six children, including Germán Larrea Mota Velasco. Their legacy in the mining industry and their commitment to social and economic development in Mexico continue to be felt to this day.

Germán Larrea Mota Velasco’s Siblings

Germán Larrea Mota Velasco comes from a large family with five siblings.

1. Jorge Larrea Mota – Germán’s older brother Jorge is also involved in the mining industry and serves as the Vice Chairman of Grupo México.
2. Xavier Larrea Mota – Xavier is a businessman and entrepreneur who has been involved in a variety of industries, including mining, real estate, and telecommunications.
3. Gabriela Larrea Mota – Gabriela is a philanthropist and an advocate for social causes in Mexico. She has been involved in several organizations focused on education, health, and environmental issues.
4. Maria Elena Larrea Mota – Maria Elena is a lawyer and businesswoman. She is currently the Chairman of the Board of Directors of the Mexican Stock Exchange.
5. Sara Larrea Mota – The youngest of the Larrea siblings, Sara is a philanthropist and advocate for social causes in Mexico. She is involved in numerous organizations focused on education, health, and cultural programs.

All of Germán Larrea’s siblings are accomplished individuals in their own right and have made significant contributions to the business and social development communities in Mexico and beyond.

Germán Larrea Mota Velasco’s Wife (Partner)

Germán Larrea Mota Velasco is married to Patricia Armendáriz Guerra, a prominent businesswoman in Mexico. The couple has been married for over 30 years.

Patricia Armendáriz Guerra is the founder and CEO of Financiera Sustentable, a financial services company focused on promoting sustainable development and social impact in Mexico. She is also a former member of the board of directors of the Mexican Stock Exchange.

Germán Larrea and Patricia Armendáriz are known for their philanthropic work in Mexico, particularly in the areas of education and social development. They have been involved in initiatives focused on improving educational opportunities for underprivileged children in Mexico, including the Fundación Bécalos and the Ayúdame a Llegar foundation.

In their personal lives, Germán and Patricia are known for their love of travel and adventure. They have traveled extensively throughout Mexico and the world. They are avid collectors of art and have amassed a significant collection of contemporary Mexican art over the years.

Germán Larrea and Patricia Armendáriz are a well-respected and accomplished couple in Mexico, known for their business acumen, philanthropy, and adventurous spirit.

Germán Larrea Mota Velasco’s Children

Germán Larrea Mota Velasco has four children together.

1. Germán Larrea Junior – Germán Jr. is the eldest of the Larrea children and is also involved in the family business. He serves as the CEO of Grupo México, overseeing the company’s operations in Mexico and abroad.
2. Rodrigo Larrea Armendáriz – Rodrigo is a businessman and entrepreneur who has been involved in many ventures in Mexico and the United States. He is currently the CEO of Unacem, a cement company based in Peru.
3. Patricio Larrea Armendáriz – Patricio is a lawyer and serves as the Chairman of the Board of Directors of the Mexican Stock Exchange.
4. Andrea Larrea Armendáriz – Andrea is the youngest of the Larrea children and has pursued a career in the arts. She is a painter and has exhibited her work in galleries and exhibitions in Mexico and abroad.

The Germán Larrea children are a close-knit family. They are known for their philanthropy and dedication to improving the lives of others.

Germán Larrea Mota Velasco’s Challenges and Obstacles

Germán Larrea Mota Velasco has faced many challenges and obstacles throughout his life and career.

• When Germán’s father died, he inherited Grupo México, which was struggling financially at the time. He had to work hard to turn the company around and make it profitable.
• Grupo México has had several labor disputes over the years, particularly in the mining sector. These disputes have sometimes resulted in strikes and protests, and Germán has had to navigate these challenges while maintaining good relationships with the company’s employees.
• Grupo México has been involved in controversies over its environmental impact, particularly related to its mining operations. In 2014, the company was responsible for a major spill of toxic chemicals into a river in northern Mexico, which caused significant damage to the environment and public health. Germán has had to address these issues and work to improve the company’s environmental record.
• In 2003, Germán was diagnosed with lymphoma, a type of cancer. He underwent treatment and eventually went into remission, but the experience was no doubt a difficult one for him and his family.

Despite these challenges, Germán Larrea has been able to overcome obstacles and achieve significant success in his business and personal life.

Germán Larrea Mota Velasco’s Accomplishments

Germán Larrea Mota Velasco has accomplished a great deal throughout his life, both in the business world and in his philanthropic endeavors.

1. Building Grupo México into a major corporation – Under Germán’s leadership, Grupo México has become one of the largest mining and transportation companies in the world, with operations in Mexico, the United States, Peru, and Spain. The company has diversified its operations to include not just mining but also rail transport and infrastructure development.
2. Acquiring major mining companies – Germán has overseen several significant acquisitions by Grupo México, including the purchase of Southern Peru Copper Corporation in 2005 and Asarco in 2009. These acquisitions have helped to solidify the company’s position as a major player in the global mining industry.
3. Philanthropy – Germán has been a generous philanthropist throughout his career, supporting a wide range of causes in Mexico and beyond. He has donated significant sums to support education, health care, and social development initiatives and has been recognized for his commitment to improving the lives of others.

Germán Larrea Mota Velasco’s leadership and accomplishments have made a significant impact on the mining industry in Mexico and beyond.

Germán Larrea Mota Velasco Recognition and Awards

Germán Larrea Mota Velasco has received numerous awards and recognitions throughout his career.

• Lifetime Achievement Award, Mining & Investment Latin America Summit (2019)
• CEO of the Year, Latin America, International Business Awards (2018)
• National Mining Award, Mexican Mining Chamber (2015)
• Sustainable Development Award, Mexican Institute of Mining Engineers (2014)
• Mining Personality of the Year, Mining Journal (2012)
• Corporate Social Responsibility Award, Mexican Center for Philanthropy (2012)
• Top CEO in Mexico, Forbes Magazine (2010)
• Global CEO of the Year, Latin Finance Magazine (2008)
• Philanthropy Award, Mexican Center for Philanthropy (2007)
• National Export Award, Mexico (2005)
• Businessman of the Year Award, Latin Trade Magazine (2003)
• National Miner’s Day Award, Mexico (2001)
• National Engineering Award, Mexico (1998)

These awards and recognitions reflect his leadership in the business world. His life story is a testament to the power of hard work, determination, and vision. His legacy will continue to inspire and motivate generations to come, and his contributions to the mining industry and society as a whole will not be forgotten.

Check back for updates!

Feel free to share or add news on Germán Larrea Mota Velasco in the comment section below.