Richard Montaez, the creator of Flamin’ Hot Cheetos, currently holds the position of vice president of multicultural sales and community initiatives at PepsiCo in North America.
Montaez is well known for being a visionary leader that values creativity. He was listed as one of the most influential Hispanic leaders in America by both Fortune and Newsweek.
Richard teaches leadership to MBA students in California even though he has neither a high school diploma nor a college degree.
What Is Richard Montañez Net Worth?
While we don’t know the specifics of Richard Montaez’s PepsiCo salary, it is estimated that he has a net worth of over $15 million.
He has worked for the company for many years, and in addition to working there, he also teaches, writes, and gives speeches. According to reports, he can make between $10,000 and $50,000 for a single guest appearance. It is clear how he can maintain a good lifestyle when his major salary is added to his side income.
Another indication of Richard Montaez’s opulent lifestyle is the fact that his ‘Onelite’ organization can afford to feed 1,000 households each year.
Richard Montañez Early Life
Richard Montaez was raised in an underprivileged area where his family of five shared a small flat with no extra space. To make matters worse, none of them spoke English well beyond a beginner’s level. As a result, the youngsters struggled in school and had difficulty learning to read and write.
Richard Montaez decided to work at minimum-wage jobs rather than pursue his high school diploma. Among them were jobs in the garden and on a chicken farm.
Richard, though, had always envisioned himself as an entrepreneur. He used to sell one of the two burritos his mother made for him each day for 25 cents. Richard’s mother cooked two so he could give one to a friend, but his entrepreneurial nature urged him to sell the other.
How Did Richard Montañez Get Rich?
Currently, Richard Montaez is a significant figure at PepsiCo. His responsibilities include overseeing multicultural sales and marketing throughout all Pepsi operations in North America. He has also worked in many other divisions inside the business.
The Cheetos tale, as well as Richard Montaez’s leadership and creativity in developing new products, have made him a well-known personality in the food sector. In fact, he has won a lot of accolades for his work. For instance, Hispanic Living magazine featured him as a notable American Hispanic.
Richard is also in charge of the non-profit “Onelite,” which every year feeds a thousand families and provides school supplies to a thousand underprivileged kids.
Richard gave a speech at an event the UN organised in 2004. He was even given a few invitations to the Oval Office. “Oy, urrtto аnd ооke: Frоm аntоr tо eсTVe,” which was published in 2013, is a motivational account of his journey from inventor to executive, starting with the creation of Flamin’ Hot Cheetos.
He made history in 2015 when he joined the Southern Christian Leadership Conference’s board as the organization’s first Latina representative.
He also got a deal with Fox Searchlight to make a movie about his relationship with Cheetos in 2018. According to rumors, Eva Longoria will appear in the commemorative movie “Flamin’ Hot.”
At a Californian university, Richard instructs aspiring corporate executives in leadership classes.
Flamin’ Hot Cheetos creator Richard Montaez has come a long way from selling burritos to adding public speaking to his income and instructing MBA students.
His inventiveness and leadership have been crucial to his success at PepsiCo, where he currently holds the position of Vice President of Multicultural Sales and Community Marketing. His estimated net worth is over $15 million. Also, his philanthropic initiative, “Onelite,” annually feeds 1,000 families and gives school supplies to kids in need.