Hispanic-owned businesses in the country are growing 13 times faster than US businesses as a whole

Hispanic entrepreneurship is growing at a rate far exceeding that of U.S. businesses as a whole. Hispanic companies with employees reached nearly 496,000 in 2023, a 49.5% increase over five years, more than 13 times the growth rate recorded by American businesses with employees as a whole, according to the 2026 State of Hispanic Wealth report, released on Sept. 14 by the National Association of Hispanic Real Estate Professionals (NAHREP) and the Hispanic Wealth Project.

These companies generated $832 billion in annual revenue, according to the report, which analyzes the evolution of Hispanic household wealth in the country and the factors driving its growth.

The rise of entrepreneurship is part of a broader trend of wealth accumulation. According to the report, Hispanic household wealth has more than tripled since 2014, the year the Hispanic Wealth Project was founded. During that period, the relative wealth gap with non-Hispanic white households also narrowed: for every dollar of Hispanic wealth, the wealth of these households fell from $8.87 to $4.47.

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The report highlights that business growth has been particularly concentrated among Hispanic companies with annual revenues of at least $1 million.

These businesses accounted for 86% of the net increase in Hispanic companies with employees and 36% of employment growth within that business segment, according to data collected by NAHREP.

The report identifies business ownership as one of the main pillars of Hispanic wealth. This component accounts for 17.8% of household wealth, while real estate constitutes the largest share at 45.5%, and financial assets account for 28.1%.

In the financial sphere, the report notes that nearly half of Hispanic households have a tax-advantaged retirement account. Likewise, the proportion of Hispanic households that hold trusts increased from 7% to 11.1% over the past year.