When you combine both US-based and international Hispanic billionaires, there are thousands of successful individuals that have achieved high levels of wealth through investments and business development. Inspiration abounds from the world of Latino excellence. With a wide range of both inherited wealth and hardworking stories of building up from the bottom, there’s a figure to aspire to for every Hispanic entrepreneur. Explore the top Hispanic billionaires today and learn how they acquired their wealth.
Mexico’s Richest Billionaire: Carlos Slim
A Mexican business magnate who at one point was the single richest man on Earth, Carlos Slim is worth $78 billion as of June 2022. He has corporate interests in dozens of industries in Mexico, including real estate, media companies, telecommunications, technology development, retail, and manufacturing. He’s currently the richest person in Latin America and one of the richest men in the world. He’s also the largest single shareholder of The New York Times Company in the US. He began investing at the early age of 11, using a government savings bond to learn about saving and growing credit.
The Richest Female Hispanic Billionaire: Iris Fontbona
As of 2022, Iris Fontbona of Chile is the richest Latina woman in the world. With a net worth of around $19 billion, she has astutely managed and grown the billions she inherited from her late husband, Andrónico Luksic Abaroa. She runs one of the world’s largest copper mining companies, Antofagasta, and also manages a brewer and shipping company to help grow her empire further. Her sons are also involved in the family business, creating a legacy that may continue to expand as they develop their own investments. Since demand for copper will continue to grow for the foreseeable future, so should her wealth.
Coca-Cola’s Success Story: Roberto Goizueta
One of the few stories of a Hispanic billionaire that involves coming to America and making it big, Roberto Goizueta arrived in America as a young man with a growing family after defecting from Cuba as it transformed into a communist state. He took a job in Miami for the Coca-Cola company and spent years working his way up to become the youngest Vice President of Technical Research and Development the company has ever had at just 35. By 1979 he was the President of the Coca-Cola company. He was responsible for decisions that helped grow the brand tremendously around the world, including the release of Diet Coke and the slogan “Always Coca-Cola.” He passed away in 1997, but he had an estimated net worth of about $1.38 billion at that time.
Self-Made Hispanic Billionaires: Jorge Pérez
Jorge Pérez had a net worth of $1.7 billion as of 2021, but he remains one of the richest Hispanic real estate developers in the world. He’s originally from Argentina and has Cuban parents, but his fortune was made in Miami real estate. At the peak of his success in the early 2000s, his real estate firm was earning over $2 billion a year in revenue. He has built massive real estate projects throughout Central and South America, but it is his properties in Florida that have earned him the greatest wealth.
Metal Magnate: Germán Larrea Mota-Velasco
As the CEO and majority shareholder of Mexico’s largest mining corporation and the third largest copper producer in the world, Germán Larrea Mota-Velasco is estimated to be worth around $22 billion as of July 2022. His company Grupo México is also invested in infrastructure, mass media production, and transportation development in Mexico. His mining interests extend into Peru and locations in the US. He is the second richest man in Mexico after Carlos Slim, whose firms hold a stake in some of Mota-Velasco’s projects as well. He’s also an avid breeder of Thoroughbred horses for racing. His horses have won at high-level US horse races as recently as 2021.
The majority of Hispanic billionaires today are CEOs or investment experts, making them experts at navigating the choppy waters of domestic and international trade. While there are many Hispanic entertainers, inventors, and artists that are millionaires, it’s business acumen that has helped these people rise to the very top of the wealth charts. Draw inspiration from the stories of these billionaires to invigorate your own earning potential.