Richard Montanez is a Mexican-American businessman and creator. He is best known for making Flamin’ Hot Cheetos, which are one of the most popular snacks in the world.
People are interested in Richard Montanez’s net worth and how much he has made from his invention and other businesses, in addition to his successful job. In this article, we’ll talk about how much Richard Montanez is worth and look at his inspiring path to success.
How Much is Richard Montanez Worth?
By 2023, it is thought that Richard Montanez will have about $10 million in his own money. Before Richard retired in 2019, he was a top manager at Frito-Lay, where he made a lot of money through stock options. This is where most of his money has come from. He now gets a good living as a motivational speaker for businesses and groups. He charges between $10,000 and $50,000 per appearance.
|Full Name||Richard Montañez|
|Date of Birth||August 15, 1958|
|Wife Name||Judy Montañez|
|Net Worth||$15 Million|
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Richard Montanez Early Days
Richard was born to parents who came to the United States from Mexico. He and his 10 brothers grew up in California. His whole family lived in an apartment with only one bedroom. One of his famous lines is “I have a Ph.D. in being Poor, Hungry, and Determined.” This helps to understand Richard’s background and how it has affected his life.
Since he was young, he had a business spirit. When he was in the third grade, his mom would pack him a burrito for lunch, but he was too embarrassed to eat it because burritos weren’t very popular at the time. Then, his mom gave him two burritos so he could eat one and give the other to a new friend. Then, when he was only 7, he started selling each burrito for $0.25.
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How Richard Montanez Revolutionized the Snack Industry?
Richard stopped going to school and got a job as a laborer when he was a youngster. He did odd jobs like k*lling chickens, washing cars, and working in a yard. When he was 18, a friend told him that Frito Lay was hiring and he should send in an application. He could hardly read or write, so he had his girlfriend fill out the application for him.
Richard got the job as a cleaner and went to work right away. In his autobiography, he talks about how even when he was a cleaner, he was driven to be the best cleaner. He went from being poor to rich after telling the CEO about his idea for spicy chips that were better for the Latino market.
Since then, the product that would be called Flamin’ Hot Cheetos has made billions of dollars and has been a huge hit. Richard was Pepsi’s vice president of multicultural sales and community marketing because of his work. He has since written two books: A Boy, a Burrito, and a Cookie: From Janitor to Executive and Flamin’ Hot: The Incredible True Story of One Man’s Rise from Janitor to Top Executive.
Richard Montanez’s Wife & Children
Richard and his wife Judy have been together for more than 37 years and are now married. Together, they have three kids and five grandchildren. They live in Rancho Cucamonga.
Frequently Asked Questions
How much money does Richard Montanez make?
And while we don’t know how much he made at Frito-Lay, one source says that Richard has a net worth of around $14.4 million based on a former PepsiCo CEO’s salary of $1.7 million and $20 million in extra pay.
How much money does Cheetos make?
Cheetos are a popular food in the U.S., whether they are plain or hot. Cheetos are the most popular spicy snack in the U.S., and they bring in almost $1 billion a year.
How much money does Cheetos make?
Cheetos, which used to be called Chee-tos until 1998, is a brand of crunchy corn puff snacks made by Frito-Lay, a PepsiCo company.