Things That Matter

We Have Latinos To Thank For Some Of America’s Biggest And Strongest Businesses

Latinos may have given us Hot Cheetos and Zumba Fitness but there are so many more companies, products, and businesses that were created and influenced by Latinos as well.

In fact, a lot of successful American brands and products you love and use on a daily basis were in fact founded by Latinos. From beauty products, clothing brands, and Fortune 100 companies, the influence of Latino’s is endless.

According to a report from Fortune, 73 percent of senior executives in Fortune 500 companies are white. “The rest are 21 percent Asian, 3 percent Latino/a, 2 percent Black, 0.6 percent two or more races, 0.2 percent Native American and 0.1 percent Native Hawaiian or Pacific Islander.”

While there’s still a long way to go in regards to the Latino community earning as much money as their white counterparts and holding positions of power within a company, we’ve rounded up 10 Latinos that have paved the way for future generations to thrive.

Check out these 9 companies and brands you didn’t know were influenced by Latinos.

1. Facebook

Latinos

CREDIT: Photographer: Nicky Loh for Bloomberg.com, December 6, 2017

Yes, you’re reading that right – Facebook was co-founded by a Latino.

Brazilian born entrepreneur and investor, Eduardo Luiz Saverin is one of the co-founders of Facebook and as of this year, he owns 53 million Facebook shares. According to Forbes, he has a net worth of $11.1 billion.

Currently, Saverin lives in Singapore after moving there to become a venture capitalist. He renounced his U.S. citizenship which might have been in part because he wanted to avoid paying taxes.

It’s also been reported that he had gotten into disputes with Mark Zuckerberg over shares of the Facebook company, according to Bloomberg.

All in all, however, we have the successful 36-year-old to thank for bringing us one of the most popular companies and social media networks.

2. Hot Cheetos

Hot Cheetos Inventor
CREDIT: Amazon / RPMontanez / Twitter

Of course, this is by far the best invention in the history of the humankind.

Without further ado, the mastermind behind the iconic red bag that has us lickin’ our fingers clean is Richard Montañez. You’ve probably heard this story before, but if you haven’t, here’s a little refresher: he worked as a janitor at a Frito-Lay plant for years before becoming the Executive Vice President of Multicultural Sales and Community Activation for PepsiCo.

Now, Montañez might finally be able to tell his story on the big screen. We can’t wait to sneak Hot Cheetos into that theatre.

3. Instagram

CREDIT: mikeyk / Instagram

Thirty two-year-old, Mike Krieger is a Brazilian entrepreneur and software engineer who co-founded Instagram along with 34-year-old Kevin Systrom.

Born in São Paulo, Brazil, Kriger moved to California in 2004 and attended Stanford University. That’s where he met Systrom as well. Six years later, the two co-founded one of the fastest-growing mobile apps.

According to Industry Leaders Magazine, within two years of Instagram’s launch, the social media platform was acquired by Facebook for $1 billion in 2012.

Now, Instagram is currently valued at $50 billion.

4. Zumba Fitness

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CREDIT: zumbabeto / Instagram

The Colombian dancer and choreographer Alberto “Beto” Pérez created the fitness program Zumba in the 1990s. If you’ve never taken a class, you’ve probably heard of someone who’s done Zumba.

The aerobic and dance exercise is accompanied by music from various genres such as hip-hop, soca, samba, salsa, tango, flamenco, merengue, and mambo.

Zumba is a high-energy, fun, and kick-ass workout that involves martial arts moves, squats, lunges and other aerobic techniques.

So if you ever want to get some cardio in or simply polish up your dance moves, make sure to book a class ASAP.

5. Shazam

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CREDIT: productivelives / shazam / Instagram

From 2010 to 2013, Mexican businessman Carlos Slim was ranked the richest person in the world by Forbes.

Slim is a Mexican business tycoon, engineer, investor and philanthropist. The 78-year-old has derived most of his fortune from his holdings and control in various Mexican companies through his conglomerate, Grupo Carso.

Mexico, however, isn’t where his influence begins or ends.

In July 2013, he invested $40 million in Shazam – the music recognition app – for an undisclosed share.

As of June of this year, Slim has been ranked the seventh-richest person in the world, according to Forbes.

6. Budweiser

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CREDIT: corona / Instagram

Ever heard of Anheuser-Busch InBev? It is one of the world’s largest beverage and brewing companies.

If you’ve ever popped open a cold Budweiser, Corona, or Stella Artois then Anheuser-Busch InBev is where these beverages come from.

Anheuser-Busch InBev is based in Belgium but also has locations in São Paulo, New York City, London, Mexico City, and more.

Aside from brewing beverages that are popular in Latino households, one of AB InBev’s investors is Brazilian. Marcel Hermann Telles is a board member of the company and increased their equity by one billion dollars, according to Forbes.

7. Heinz

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CREDIT: heinz / Instagram

Born in Brazil, Carlos “Beto” Sicupira is a businessman and a partner in 3G Capital.

Most of his wealth, however, comes from his shares in Anheuser-Busch InBev – the world’s largest brewer – where he owns about 3 percent of stakes.

As a partner of 3G Capital, he also owns and has major stakes in companies and brands like Burger King, H.J. Heinz Company and Lojas Americanas.

8. New York Times

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CREDIT: nyccallsyou / productivelives / Instagram

It’s no surprise that one of the richest men in the world, Carlos Slim, would make this list twice. It’s clear that his influence and mark in successful American brands and companies will continue to be.

The 78-year-old owns stakes in Mexican construction, mining, and real estate companies, and he also owns 17 percent of The New York Times. Mexico’s richest man acquired shares to The New York Times in 2015 and became the largest shareholder of the paper.

As of April of this year, Slim started to sell his New York Times stock and shares which lowered his stake in the company to about 15 percent. That’s still about 24 million in shares. Not too shabby.

9. Amazon

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CREDIT: jeffbezos / Instagram

Amazon’s chief Jeff Bezos’s net worth is $149.3 billion.

He was also the first person to top $100 billion as number one on the Forbes list of World’s Billionaires.

You might be wondering why he’s on this list since Bezos was born in Albuquerque, New Mexico and raised in Houston, Texas. He was raised by Cuban engineer Miguel Bezos who arrived in Miami in 1962.

Jeff Bezos’s mother remarried Miguel Bezos after divorcing his biological father. Together, they raised the richest person in the world.


READ: Latino Veterans Who Are Changing The Game In Business

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Mark Consuelos Takes to Instagram to Defend Claims That He ‘Stuffed His Pants’ For a Halloween Costume

Entertainment

Mark Consuelos Takes to Instagram to Defend Claims That He ‘Stuffed His Pants’ For a Halloween Costume

Photo: Kevin Winter/Getty Images

Recently, Mark Consuelos made headlines for something he probably never thought he’d make headlines for.

On Friday, Kelly Ripa posted a picture to her Instagram account celebrating all of the fun Halloween costumes her family has donned over the years. The caption was innocent enough: “#tbt Halloween is a family business. here are a few faves over the years,” Ripa wrote.

The 10-slide post had cute pictures of her and her family (including her children Michael Joseph, Joaquin Antonio, and Lola Grace) dressed up as everything from Captain Jack Sparrow to Wonder Woman to I Dream of Jeannie. But it wasn’t the children’s costumes that grabbed her followers’ attention.

Photo: kellyripa/Instagram

On the final slide, there was a picture of Mark Consuelos dressed as Erik Estrada’s character from the 1980s TV show CHiPs. The “Riverdale” actor is wearing a very very form-fitting khaki police officer uniform with incredibly tight pants. Tight enough that one could see there was a distinct outline around his, ahem, bulge.

The bulge in Consuelos’s pants sent Ripa’s followers into a bonafide tizzy. The post, as of now, has racked up over 50,000 likes and over 500 comments. Fans were posting comments like “OMG, your husband’s basket” and “Meow Mark *fire emojis* lucky girl!” and “All I can say is you are one lucky woman! *drool emoji*”. One fan in particular seemed to be skeptical, writing: “Your husband stuffed his pants”. (You know how the saying goes…haters gonna say it’s fake.)

Consuelos, to his credit, tried to get a handle on a situation that was quickly getting out of control, commenting: “Full disclosure, I believe that’s definitely a shadow that’s causing that bulging effect…Pretty sure.” To which Ripa replied: “ummmmm baby are you seeing shadows?”

Photo: kellyripa/Instagram

Consuelos and Ripa have always been open about their playful relationship on social media. Just a few weeks ago, Ripa posted another thirst trap picture of her husband to her Instagram account. In this one, Consuelos was shirtless in bed, showing off his ample bicep while Ripa lounged beside them.

Under the photo, Ripa wrote: “One year ago and still a full #humpday #mood this man eats #pbandj”. While we’re not sure what that means, we know that her fans immensely appreciated the shirtless pic of Consuelos. Word of warning: do not browse the comment section on Ripa’s posts of Mark Consuelos if you are at work. On the other hand, we’re not mad about the thirst traps. Keep ’em coming, Ripa!

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Offset Is Detained By Police After Run In With Trump Supporters And He Live-Streamed The Whole Thing

Entertainment

Offset Is Detained By Police After Run In With Trump Supporters And He Live-Streamed The Whole Thing

Prince Williams / Getty Images

Week after week there is no shortage of Cardi B and Offset news. It seems like every other day we have a new story involving their on-again off-again relationship, their extravagant gifts to one another, or their outspoken political beliefs.

However, over the weekend Offset made headlines for a brief encounter with Beverly Hills police after he passed by a pro-Trump rally.

Offset decided to livestream his interaction with police and the result was a heated exchange that resulted in the arrest of one of Cardi B’s cousins and many wondering why the police stopped the Migos rapper to begin with?

Offset was detained by police after driving past a pro-Trump rally in Beverly Hills.

On Saturday evening, rapper Offset streamed a confrontation with police on Instagram Live while being pulled over, after a passerby reported that a person inside the Migos rapper’s car allegedly pointed a gun through the window at him as they drove past a pro-Trump rally in Beverly Hills.

According to police, they received a license plate and vehicle description that matched that of Offset and attempted to make a traffic stop. That’s when Offset began to livestream the encounter with police.

“Because you’ve got guns out, I’m not finna move my hands from my steering wheel,” Offset can be heard saying in video reported by TMZ, before officers open the door and pull him out of the vehicle. “You can’t just open my door,” he says. “That’s illegal. I’m going to sue to the shit out of y’all.”

Offset’s representatives have released the following statement in response to the incident.

“Artist and Philanthropist Offset was detained by the Beverly Hills Police Department following an attack by aggressive Trump supporters,” the statement reads. “He was released shortly thereafter. Offset thanks his fans for their support and wishes everyone peace and safety during these trying times. He encourages everyone to get out and vote because nothing changes if nothing changes.”

Although the police say a crime was committed, they add that the victim didn’t want to press charges.

“The victim of the crime did not desire to press charges for the pointing of the weapon,” police said in a statement. Police also reassured Offset was not arrested.

The Migos rapper live-streamed the entire encounter on Instagram Live.

As soon as the police made the traffic stop, Offset got his phone and began to livestream the encounter with police. Considering the way police so often handle encounters such as this with Black men, it was a wise decision on his part.

In the video, you can hear officers ask him to exit his car but he refuses becase the officers have their guns pointed at him.

“I’m not going to move my hands from the steering wheel,” he can be heard saying in the video.

In the video, you can also hear Offset argue with officers over what had just happened, as he claims people had “beat his car up with a flag.”

A passenger in Offset’s car was arrested and charged with firearms offenses.

Although police literally dragged Offset out of his own vehicle, officers have reiterated in statements that the rapper was not arrested or charged with any crime. However, a passenger in his car, 20-year-old Marcelo Almanzar (who shares a surname with Offset’s wife, fellow hip hop heavyweight Cardi B) was arrested and charged with carrying a loaded, concealed firearm in a public place, according to the report.

In a tweet, Philip Lewis of the Huffington Post said that person, Marcelo Almanzar, is Cardi B’s cousin. However, as of Sunday afternoon, Marcelo is still in a Beverly Hills jail on a $35,000 bond.

Cardi B showed up to the scene and allegedly had to be restrained after trying to intervene to help her husband.

As the story broke on Saturday, Cardi B rolled up to the scene in her new black Rolls Royce just as Offset was arguing with the cops. When he refused to turn off his car, police reached into his car and physically dragged him out of it.

“That’s my husband! Why are you pointing a gun at him?” the rapper yelled while restrained by a friend, according to The Daily Mail.

Cardi then gets out her phone and shouts, ‘Let me record this.’ As Offset is led away, she yells loudly: ‘No! This is crazy! My husband is not armed. My husband is not armed.”

Much of the commotion took place as a crowd gathered – including several people carrying pro-Trump signs which had to have added to the tense situation.

By Sunday, things appeared to be back to normal for the couple as the pair went shopping in Beverly Hills.

Despite the traumatic incident, both Cardi B and Offset were sharing stories to their Instagram on Sunday as the couple were out shopping in Beverly Hills.

The pair had popped into a Beverly Hills Hermès store, and in an Instagram post joked that they were ‘spoilt’ by the luxury goods on offer.

So what do you think? Did Offset make the right choice to livestream the encounter with police?

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