#31

Germán Larrea Mota Velasco & family

$63.5B

mx

Passive income at 5% annual return

Since you arrived

$0.00

Per second

$101.00

Per minute

$6,044

Per hour

$362,647

Per day

$8,703,517

Wealth in context

Median US salary
9.8 minutes($59,384)
Average US home price
1.2 hours($420,800)
Teacher's annual salary (US avg)
11.5 minutes($69,544)

Time to earn each amount through passive income at 5% annual return on $63.5B net worth.

Biography

Germán Larrea Mota Velasco owns the majority of Mexico's largest copper mining company, Grupo México, which also has operations in Perú and the U.S.

Under his leadership as president and CEO, Grupo México expanded into the infrastructure and rail transportation sectors.

In 2014, the mining company faced scrutiny after a spill at its copper mine in Sonora, Mexico, contaminated two rivers nearby.

The company agreed with a government request to deposit $150 million in a trust to compensate local residents harmed by the spill.

In 2017, Larrea spun off Grupo México's transport arm into a new company, GMexico Transportes, part owned by two of Carlos Slim Helú's firms.

Details

Gender: m
Citizenship: mx
#30Jeff Yass#32Dieter Schwarz