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. He was previously executive vice chairman of Grupo Mexico and has been a director since 1981.
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. He has been chairman and CEO of Grupo Ferroviario Mexicano since 1997. 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. 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.
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.