Top 10 Latino and Hispanic Entrepreneurs

Courtesy Company
2 of 10

Armando Montelongo, CEO

The Armando Montelongo Company
San Antonio

No. 19
2010 Revenue: $47.1 million
Three-Year Growth: 8,161%

In 2001, Armando Montelongo says he was living on food stamps, barely scraping by. But within a couple of years, he claims he went from $50,000 in debt to flipping over 300 properties a year, becoming a multimillionaire, and founded The Armando Montelongo Company. Montelongo says he does not like to play up his Hispanic roots as an entrepreneur. “When people go and use their ethnicity for a crutch or a springboard, it creates a weakness,” he says. “I’m not known as a Hispanic businessman, I’m known as a businessman.”