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Richard Montanez Net Worth in 2022, Flamin Hot Cheetos, Wife and Kids

How much is Richard Montanez net worth?

Richard Montanez’s popularity is due to his invention of the Flamin’ Hot Cheetos. Currently, he is the Vice President of Multicultural Sales and Community Promotions in the North American division of PepsiCo. He is a perfect example of someone that rose from grass to grass. Richard is estimated to be worth over $16 million.

Flamin Hot Cheetos are not banned in Canada, but they are not sold in Canada. The Flamin Hot is a powder concentrate of chili pepper and other ingredients that aren’t spicy. Richard made the Hot Cheetos by taking a bunch of Cheetos home and using chili powder on them.

Currently, Richard Montanez is estimated to be worth around $16 million. His predecessor at PepsiCo received a salary of $700,000 without any form of compensation for her position. It is believed that Richard Montanez will receive a higher salary and compensation than the former CEO, Indra K. Nooyi.

Richard Montanez Early Life

Richard Montanez was born on 15 August 1958 in Mexico. He grew up with his ten siblings in Guasti, a little town near Ontario, California. Richard and his siblings lived in a single-bedroom apartment while growing up; as a native Spanish speaker, and he had difficulties writing and reading English. Because of this, he couldn’t complete his diploma and sought low-paying jobs.

In 1976, a friend informed him about a janitor opening at the Frito-Lay plant in California. He got the job as a janitor; however, he would monitor how the machine operated, knowing more about the company and its products while working. However, one of the days, the machine broke down, and a bunch of Cheetos ended up covered in their cheese powder.

With no solution at the moment, he took the bare Cheetos home and perked them, adding chili powder. It is similar to what he used to see on Mexican streets. After sharing his new invention with the company’s president Roger Enrico, the president was impressed, which gave birth to the flaming hot series of products, including “Flamin” Hot Cheetos.

As of 2022, Richard Montanez’s net worth is estimated at $16 million.

Richard Montanez Flamin Hot Cheetos

From his account, he took some batches of unflavored snacks when a Cheetos machine broke down. He seasoned and spiced them using reminiscent of Mexican street corn. He then pitched his idea to Roger Enrico, who fixed an appointment for a presentation. After some months, it was soft-launched and tested in Los Angeles before its national release in 1992.

Richard Montanez Later Career

After his popularity at Frito-Lay Plant, Richard was later named the vice president of multicultural sales and community promotions for PepsiCo. Like Rachel Hollis,  he is an instructor in leadership and a motivational speaker.

Richard Montanez Wife

Judy is Richard Montanez’s wife. The couple has been married for over thirty-seven years and lives in Rancho Cucamonga.

Richard Montanez Kids

Yes, Richard has three sons and four grandchildren. Nothing much is known about his children as he tends to keep his private life private. If You  have to  know about other Authors like Rachel Hollis and her children so you come here.

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Richard Montañez
Job Title
Author and Businessman

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