Flamin’ Hot Cheetos inventor Richard Montaez presently serves as PepsiCo’s vice president of multicultural sales and community promotions in North America.
Montaez has a stellar reputation as a leader with a keen eye for innovation. Fortune and Newsweek both named him as one of the most powerful Hispanic leaders in America.
Despite not having graduated from high school or college, Richard currently teaches MBA students in California about leadership.
What Is Richard Montañez Net Worth?
Richard Montaez’s net worth is estimated to be over $15 million, while we do not know his actual income at PepsiCo.
He’s been with the company for decades, and he supplements his salary with teaching, writing, and public speaking. He can reportedly earn $10,000-$50,000 for making a single guest appearance. When his primary income is combined with his supplementary income, it is easy to understand how he can make a comfortable living.
The fact that Richard Montaez’s ‘Onelite’ organization can afford to feed a thousand households annually is further evidence that he enjoys a lavish lifestyle.
Richard Montañez Early Life
Richard Montaez grew up in an impoverished neighborhood where his family of five crammed into a tiny apartment with no spare rooms. To add insult to injury, none of them spoke English beyond a basic level. Because of this, the kids had problems learning to read and write and consequently struggled in school.
Richard Montaez abandoned his plans to earn his high school diploma in favor of doing minimum-wage jobs. Gardening and working on a poultry farm were among these occupations.
But Richard had always dreamed of being an entrepreneur. His mother made two burritos for him every day, and he used to sell one of them for 25 cents. His mom baked two so he could give one to a pal, but Richard’s enterprising spirit told him to sell the second one.
How Did Richard Montañez Get Rich?
Richard Montaez is a key player at PepsiCo right now. Multicultural Sales and Marketing across all of Pepsi’s North American operations fall under his purview of responsibility. He also has experience in a wide variety of the company’s departments.
Richard Montaez is a well-known figure in the food industry thanks to his part in the Cheetos saga as well as his leadership and ingenuity in coming up with new products. In reality, he has received numerous awards for his efforts. To give just one example, he was profiled as a noteworthy American Hispanic by Hispanic Lifestyle magazine.
Richard also oversees the charitable organization “Onelite,” which annually feeds a thousand families and gives school materials to a thousand children in need.
In 2004, Richard spoke at a gathering hosted by the United Nations. On a couple of instances, he was even invited to the Oval Office. Published in 2013, ” оу, urrtо аnd ооke: Frоm аntоr tо eсTVе” is a motivational story of his path from inventor to executive, beginning with the invention of Flamin’ Hot Cheetos.
In 2015, he made history by becoming the first Latino to serve on the board of the Southern Christian Leadership Conference.
In addition, he signed a contract with Fox Searchlight to turn his life with Cheetos into a movie in 2018. Reports indicate that Eva Longoria will star in a film entitled “Flamin’ Hot” to mark the event.
Richard teaches leadership courses to aspiring business executives at a university in California.
Conclusion
Richard Montaez, the inventor of Flamin’ Hot Cheetos, has come a long way from selling burritos to supplementing his income with public speaking and teaching MBA students.
With an estimated net worth of over $15 million, his leadership and ingenuity have played a significant role in his success at PepsiCo, where he currently serves as Vice President of Multicultural Sales and Community Promotions. Furthermore, his charitable organization, “Onelite,” feeds a thousand families and provides school materials to children in need annually.
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