Germán Larrea Mota-Velasco

Career Larrea Mota-Velasco has been chairman, president and CEO of Grupo Mexico since 1994.

In November 2020, Larrea Mota-Velasco sold 100,000 shares in Southern Copper Corporation for a total price of $6 million, meaning he now owns a stake in the company worth almost $121 million.

In October 2025, Germán Larrea made a proposal to buy Banamex from Citibank. However, Citibank rejected the proposal on October 9.

As of January 2026, the businessman had an estimated net worth of US$68.4 billion, according to the Bloomberg Billionaires Index, ranking him eighth worldwide in terms of year-to-date gains in personal wealth.

Personal life Larrea Mota-Velasco is married with one daughter and lives in Mexico City. He owns and breeds Thoroughbreds under the nom de course of St. George Stable. His mare Letruska became the first horse that had raced in Mexico to subsequently win at the Grade I level in the United States when she won the Apple Blossom Handicap in 2021.