- Only 4.3% of top US executives identify as Latino or Hispanic. The numbers are improving but slowly.
- Insider compiled a list of Latino entrepreneurs and leaders making huge moves in the business space.
- They include execs at Google, IBM, and Colgate-Palmolive, as well as some in healthcare and fintech.
The number of Hispanic and Latino people in the US has been growing consistently — at 18.7% of the population, they’re the largest minority in the country — but there’s been little progress mirroring that growth in the business world.
Only 4.3% of top US executives identify as Latino or Hispanic, according to an analysis from the UMass Amherst Center for Employment Equity, compared to 85.2% for white Americans and 5.9% for Asian Americans. Representation increases slightly for first-line and midlevel manager roles, where 8% of positions are held by Hispanic or Latino people.
The numbers are improving, albeit slowly and with many caveats attached.
The number of Latino business owners in the US grew 34% in the 10 years between 2009 and 2019, compared to only 1% for all other businesses, according to data from the Stanford Latino Entrepreneurship Initiative. But Latino entrepreneurs are still having a rough time when it comes to finding funding for their ventures, according to SLEI. Lack of funding remains a big hurdle to growing, so instead of having potential empires in the making, oftentimes they’re left struggling to make ends meet and survive as a one-person shop.
Despite all of this, many Latino and Hispanic executives and entrepreneurs are defying the odds and charting a path to success. Here are some of the ones who are pushing boundaries. The following are listed in no particular order.