As the second richest person in Mexico, German Larrea Mota Velasco and his family own a little more than half of the country’s largest mining and infrastructure company, Grupo Mexico. Grupo Mexico is also the world’s third largest producer of copper.
Velasco serves as the Executive President and Chairman of Grupo Mexico, acting as the major shareholder with control of 51% of the company. The company has 13 operating mines and 10 under exploration throughout Mexico, Peru, and Chile. Velasco also owns over 5,000 kilometers of railroads, which can be found running throughout all of Mexico.
His other interests range from printing and publishing to banking. He founded Grupo Impresa in 1978 – a printing and publishing company that he controlled until he sold it in 1989. Velasco is also currently the director of Banco Nacional de Mexico.