Mining Magazine September 2017 | Page 29

TOP 10 MINING BILLIONAIRES

7 ALISHER USMANOV

8 GERMAN LARREA MOTA VELASO

Velasco is at the head of one of Mexico ’ s richest families , who together own just under half of Grupo Mexico . Grupo Mexico is the country ’ s biggest infrastructure and mining business , and also produces the third largest amount of commercial copper in the world . As a head of the Velaso family , he has an enormous amount of influence over the holdings of Grupo Mexico , including railroad company ITM , Americas Mining Corporation , and influences in many airport operators . Velaso ’ s personal wealth ($ 14.5bn ) places him as the second richest person in Mexico .
The top miner in the world according to revenue is Alisher Usmanov . Usmanov ’ s personal holdings in mining come to more than $ 14.8bn by some estimates , a number that does not even represent his peak . His wealth comes primarily from holdings in Metalloinvest , the steel and iron ore giant . Usmanov also has holdings in cell phone companies , soccer clubs and financial investments across the world . He is currently the third richest person in Russia .
29