⬅ # 56 Gina Rinehart|# 58 Vagit Alekperov

# 57 Germán Larrea Mota Velasco 

$29.2B

Real Time Net Worth
as of 7/12/2024
$80.0M (0.27%)

# 57 Germán Larrea Mota Velasco 

$29.2B

Real Time Net Worth
as of 7/12/2024
$80.0M (0.27%)
OccupationCEO, Grupo México
Source of WealthMining
Age70
ResidenceMexico City, Mexico
Marital StatusMarried
Age-Adjusted Net Worth$14.8B
Germán Larrea Mota Velasco
Germán Larrea Mota Velasco
Mexico
Net worth: $29.2B

Self-Made Score 

Wealth History

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Biography

Career

Germán Larrea Mota-Velasco has been the chairman, president, and CEO of Grupo Mexico since 1994.
Prior to this, he served as the executive vice chairman of Grupo Mexico and has been a director since 1981.
He has held various leadership positions, including being the chairman of the Southern Copper Corporation since December 1999.
He served as the CEO of Southern Copper Corporation from December 1999 to October 2004.
Larrea Mota-Velasco has been the chairman and CEO of Grupo Ferroviario Mexicano since 1997.
He has also held the positions of chairman and CEO in several other companies, such as Empresarios Industriales de Mexico, Compania Perforadora Mexico, Mexico Compania Constructora, and Fondo Inmobiliario since 1992.
In 1978, he founded Grupo Impresa, a printing and publishing company, and remained as the chairman and CEO until its sale in 1989.
He serves as a director of Banco Nacional de Mexico, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa.

Personal Life

Germán Larrea Mota-Velasco was born on October 26, 1953, in Mexico.
He is married and resides in Mexico City.
He owns and breeds Thoroughbreds under the nom de course of St. George Stable.
His mare, Letruska, made history by becoming 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.

How long would it take you to become as rich as Germán Larrea Mota Velasco?

If you started with $10,000 and invested an additional $500 each month at a 44.15% CAGR, it would take you 5 years to reach Germán Larrea Mota Velasco's net worth of $29.2B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 51.86% compared to 19.03% for the S&P 500 benchmark.

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Germán Larrea Mota Velasco is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Germán Larrea Mota Velasco, Mining is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey