page_title: Hispanic and Latino Americans
section_title: Business and finance
hierarchical_section_title: Hispanic and Latino Americans / Notable contributions / Business and finance
caption_attribution_description: English: American real estate developerJorge Pérez
context_page_description: In the United States, Hispanic and Latino Americans are Americans who are descendants of people from Spain and Latin America. More generally, these demographics include all Americans who identify as Hispanic and/or Latino. As of 2018, the Census Bureau estimated that there were almost 60 million Hispanics living in the United States.
  "Origin" can be viewed as the ancestry, nationality group, lineage or country of birth of the person or the person's parents or ancestors before their arrival in the United States. People who identify as Spanish or Hispanic may be of any race. As one of the only two specifically designated categories of ethnicity in the United States, Hispanics form a pan-ethnicity incorporating a diversity of inter-related cultural and linguistic heritages. Most Hispanic Americans are of Mexican, Puerto Rican, Cuban, Salvadoran, Dominican, Guatemalan, or Colombian origin. The predominant origin of regional Hispanic populations varies widely in different locations across the country.
  Hispanic Americans are the second fastest-growing ethnic group by percentage growth in the United States after Asian Americans.
context_section_description: The total number of Hispanic-owned businesses in 2002 was 1.6 million, having grown at triple the national rate for the preceding five years.
  Hispanic and Latino business leaders include Cuban immigrant Roberto Goizueta, who rose to head of The Coca-Cola Company. Advertising Mexican-American magnate Arte Moreno became the first Hispanic to own a major league team in the United States when he purchased the Los Angeles Angels baseball club. Also a major sports team owner is Mexican-American Linda G. Alvarado, president and CEO of Alvarado Construction, Inc. and co-owner of the Colorado Rockies baseball team.
  There are several Hispanics on the Forbes 400 list of richest Americans. Alejandro Santo Domingo and his brother Andres Santo Domingo inherited their fathers stake in SABMiller, now merged with Anheuser-Busch InBev. The brothers are ranked #132 and are each worth $4.8bn. Jorge Perez founded and runs The Related Group. He built his career developing and operating low-income multifamily apartments across Miami. He is ranked #264 and is worth $3bn.
  The largest Hispanic-owned food company in the United States is Goya Foods, because of World War II hero Joseph A. Unanue, the son of the company's founders. Angel Ramos was the founder of Telemundo, Puerto Rico's first television station and now the second largest Spanish-language television network in the United States, with an average viewership over one million in primetime. Samuel A. Ramirez Sr. made Wall Street history by becoming the first Hispanic to launch a successful investment banking firm, Ramirez & Co. Nina Tassler is president of CBS Entertainment since September 2004. She is the highest-profile Latina in network television and one of the few executives who has the power to approve the airing or renewal of series.
caption: Real estate developer Jorge M. Pérez
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