OFFICIAL FORBES LIST: The 10 Richest Billionaires Of Latin America & The Caribbean

05. Germán Larrea Mota-Velasco – $12.4 Billion

Germán Larrea Mota-Velasco (born July 8, 1941) is a Mexican billionaire businessman. He is the CEO of Grupo México, Mexico’s largest mining corporation, and the third largest copper producer in the world. Mota-Velasco has been chairman, president and CEO of Grupo Mexico since 1994.[2] He was previously executive vice chairman of Grupo Mexico and has been a director since 1981.[2]

He has served as chairman of the Southern Copper Corporation since December 1999, CEO from December 1999 to October 2004, and as a director since November 1999.[2] He has been chairman and CEO of Grupo Ferroviario Mexicano since 1997.[2] He has been chairman and CEO of Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992.

He founded Grupo Impresa, a printing and publishing company in 1978, remaining as the chairman and CEO until 1989, when the company was sold.[2] He is also a director of Banco Nacional de Mexico, which forms part of Grupo Financiero Banamex, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa.[2]

According to Forbes, he is worth US$17 billion, and the second richest man in Mexico, after Carlos Slim.
He is married, and lives in Mexico City.

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