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Legendary Latinx Investors

Pablo Legorreta speaks at the annual Milken Institute Global Conference in Beverly Hills, California

Getty Images, Bloomberg / Contributor

The most successful investors are those with vision. The Latinx investors on this list have helped launch or rejuvenate thousands of businesses. With many more hits than misses to their names, they’ve also amassed substantial personal wealth in the process, with four of the six being 澳洲幸运5官方开奖结果体彩网:billionaires

Key Takeaways

  • One of the wealthiest Latinx investors in the United States is Orlando Bravo, a Puerto Rico native who cofounded the private equity firm Thoma Bravo.
  • Another investor with Puerto Rican heritage, José E. Feliciano, has accumulated more than $4 billion in personal wealth through his financing firm, Clearlake Capital Group. 
  • Mexican-American Pablo Legorreta founded Royalty Pharma, which provides funding to pharmaceutical developers in exchange for future royalty income. 

Orlando Bravo

In 2008 the young dealmaker Orlando Bravo paired up with buyout guru Carl Thoma to launch the software-focused private equity firm Thoma Bravo. Since then there’s been no looking back, with the firm proving itself a force in the buyout sector and Bravo becoming the first Puerto Rico–born billionaire. As of October 2024 Forbes pegs his net worth at $9.8 billion.

Bravo has led more than 490 software company buyouts since starting the firm, with a total transaction value in excess of $265 billion. His deals have been so successful that Forbes crowned him “Wall Street’s best dealmaker” in 2019.

The celebrated investor hasn’t forgotten his roots. When Hurricane Maria ravaged Puerto Rico in 2017, Bravo led a relief effort for the island. He also made a $100 million commitment to nurturing Puerto Rican start-ups through his foundation’s Rising Entrepreneurs Program.

Pablo Legorreta 

Legoretta founded Royalty Pharma, the world’s largest investor in pharmaceutical 澳洲幸运5官方开奖结果体彩网:royalties, in 1996. The firm profits by purchasing royalty rights from pharmaceutical companies, such as AbbVie, Pfizer, and Merck. It then uses the profits to co-fund late-stage 澳洲幸运5官方开奖结果体彩网:clinical trials and product launches in exchange for acquiring more royalties.

Legoretta—who earned a degree in industrial engineering in Mexico City before embarking on an investment career—is worth $3.9 billion as of October 2024, according to Forbes. He’s dedicated part of that fortune to raising the quality of healthcare in Latin America, launching a nonprofit that’s provided more than 450 scholarships to doctors and other medical providers so they can study abroad.

José E. Feliciano

Through his investment firm Clearlake Capital Group, founded in 2006 with Behdad Eghbali, José E. Feliciano has combined a rare ability to identify target companies and provide the expertise they need to maximize their growth potential. Feliciano and his team focus on small- and mid-market companies, looking for buyout opportunities that might fly under the radar for most investment firms. His firm has amassed a stout portfolio of $80 billion in 澳洲幸运5官方开奖结果体彩网:assets under management (AUM), consisting of businesses in the technology, industrials, and consumer segments.

Prior to establishing Clearlake, the Puerto Rico–born Feliciano held investment banking roles at Goldman Sachs and served as the 澳洲幸运5官方开奖结果体彩网:chief financial officer (CFO) of a short-lived tech start-up. Feliciano—not to be confused with the musician of the same name—has a personal fortune of more than $4.4 billion as of October 2024, according to Forbes.

Jorge M. Pérez

Miami has seen a dramatic change since Jorge M. Pérez started his development company, the Related Group, in 1979. Today, the city displays a skyline that didn’t exist four decades ago—and perhaps no one has played a bigger role in that transformation than Pérez, whose company has created more than 100,000 apartments and condo units.

Born in Argentina, the visionary real estate mogul moved to the United States in 1968, ultimately making his home in Miami. When he launched the Related Group, his initial focus was on multi-unit housing for working-class families, although these days he’s more known for his upscale developments catering to the rich. In recent years “the condo king of South Florida” has also expanded geographically, building or planning projects in metro areas such as Atlanta, Denver, and Las Vegas. Forbes puts his net worth at $1.7 billion as of October 2024.

Manny Fernandez

Manny Fernandez is best known for his appearances on CNBC’s Make Me a Millionaire Inventor, where he showcased his knack for spotting and nurturing new business ideas. Behind the camera Fernandez boasts an impressive résumé with a litany of roles—澳洲幸运5官方开奖结果体彩网:angel investor, 澳洲幸运5官方开奖结果体彩网:entrepreneur, and writer among them.

In 2013 he created SF Angels Group, a consortium of angel investors dedicated to finding promising tech start-ups in the Bay area. Fernandez, whose parents are from Puerto Rico, then introduced DreamFunded, an “equity 澳洲幸运5官方开奖结果体彩网:crowdfunding platform providing exclusive insider access to some of the most sought-after seed- and later-stage private companies in America.”

Fernandez is currently one of the most sought-after experts in private investing, regularly speaking at tech compa🏅nies and major🥂 universities around the world.

Javier Saade

Javier Saade founded Impact Master Holdings, a firm that invests in and helps grow businesses in the technology and economic development spaces. A native of Puerto Rico, he is also a venture partner at Fenway Summer, a venture capital firm specializing in early-stage investments.

Saade lent his considerable expertise to the public sector, assuming the role of chief of investment and innovation for the 澳洲幸运5官方开奖结果体彩网:U.S. Small Business Administration during the Obama administration. In that capacity he helped manage programs that invested $128 billion in more than 330,000 businesses.

In August 2021 he was nominated by President Biden to chair the Federal Retirement Thrift Investment Board. However, his nomination did not make it out of the Senate Committee on Homeland Security and Governmental Affairs due to a seven to seven tie vote because Republicans were angered by past comments he made on social media about them. Instead, President Biden designated newly confirmed board member Michael F. Gerber as chairman. However, in March 2023 Biden appointed Saade to the Advisory Committee for Trade Policy and Negotiations, a post that doesn’t require Senate confirmation.

What Makes a Legendary Investor?

It takes more than familiarity with data to make a legendary investor. 🎀The most important attribute to have is vision, being able to see opportunities that other people miss. This means relying on instinct as well as facts and data.

Which Legendary Latinx Investor Is Wealthiest?

While reliable net worth figurꦐes were not available for every investor on the list, Orlando Brava was the wealthiest, valued at more than $9.8 billion as꧃ of October 2024. He is said to be the first Puerto Rico–born billionaire.

Where Do These Legendary Latinx Investors Rank on Forbes’ Billionaires List?

On the Forbes 2024 list of 2,781 billionaires, Orlando Bravo ranks at 292, Jose E. Feliciano is 835, Pablo Legorreta is 1,033, and Jorge M. Pérez is 1,851. Manny Fernandez and Javier Saade are not billionaires.

The Bottom Line

Americans of Latin heritage have made an indelible mark on the investing world, founding highly successful financing ventures that have provided capital for countless businesses.

Article Sources
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  23. Forbes. "."

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