Latino companies are achieving success and becoming important contenders in their industries. Let’s take a look at these 5 Latino companies that have made billions.
Did you know that 3.3 million businesses in the United States are owned by Latinos? And that’s not all! A lot of these businesses have achieved great success, even making billions of dollars.
So if you’re a Latino looking to start a new business, get inspired by these 5 companies that managed to make billions.
1. Brightstar Corp.
Brightstar Corp. is a U.S.-based privately held corporation founded in 1997, distributes mobile phones and other devices, serving more than 200 carriers, 40,000+ retailers, and 15,000+ enterprise customers in more than 100 countries. It provides specialized global wireless distribution and services, serving mobile device manufacturers, wireless operators and retailers.
2. MasTec Inc.
Mastec, Inc. is an American multinational infrastructure engineering and construction company based in Coral Gables, Florida. Limited to the engineering, building, installation, maintenance and upgrade of energy, utility and communications infrastructure
The company was founded by Jorge Mas Canosa, father of current CEO Jose Mas. It is the second largest Hispanic-owned company in the United States, and has over 20,000 employees in North America.
3. Molina Healthcare
Molina Healthcare was founded in 1980 by C. David Molina, an emergency room physician in Long Beach, California. He had seen an influx of patients using the emergency room for common illnesses such as a sore throat or the flu because they were being turned away by doctors who would not accept Medi-Cal. Molina established his first primary care clinic with the goal of treating the lowest-income patients, regardless of their ability to pay.
In 2006, Molina Healthcare was named among the 100 best corporate citizens by Business Ethics magazine. Time magazine recognized Dr. J. Mario Molina as one of the 25 most influential Hispanics in America.
4. Greenway Ford
Frank Rodriguez is the founder of Greenway Ford, a group of 26 dealerships in the Orlando area and the core of Greenway Automotive Group. Since its beginnings in 2000, the dealership has become the area’s top new and pre-owned franchise retailer.
5. Related Group
Jorge Pérez, Chairman and Chief Executive Officer of Related Group, has been at the forefront of South Florida’s complex urban evolution for over 30 years. A commitment to ‘building better cities,’ and a natural ability to identify emerging trends has made his one of the most trusted and influential names in real estate.
Since its inception in 1979, Related Group has built and managed more than 90,000 condominium and apartment residences which are meticulously designed with finishes and amenities that transform buildings into vibrant residential environments.
Do you know any other successful Latino businesses? Let us know in the comment section!