Isn't this amazing?
Salsa Is HOT And It Isn't The Sauce
Salsa is hotter than ever and it's not the kind you put on food.
Thanks to Gloria Estefan and her hubby, Emilio, Salsa music is
invading the world. Gloria and the Miami Sound Machine are not only
cranking out great music, the machine is cranking out mucho dinero.
Gloria is well known for her music, but singing and performing is
only a small part of the Estefan Enterprises Empire. She has recorded
more than 10 albums in both English and Spanish and they have sold
over 60 million and still going.
Estefan enterprises include restaurants, record production, TV
production, talent management, song writing and soon the production
of motion pictures.
Here's why Salsa is invading the U.S. - 29 million people of Hispanic
heritage are now living in the USA. Now, that's 11% of our total
population. And, as we know the immigration of people from Mexico,
South America and the Caribbean is in high gear. As a result, Salsa
Music Nightclubs are springing up all over the country and are
packing in not only Latin dancers, but Anglos as well.
The Estefans' latest venture is Bongo's Cuban Cafe, now under
construction at Walt Disney World in Florida. The couple has invested
$5 million in the new restaurant which has 550 seats.
When in full swing, Bongo's is expected to gross some $35 million
annually. The Estefans are expected to get 80% of the projected $2.5
million in annual profits the restaurant will generate.
As you would imagine, Bongo's will have a Cuban menu. It will feature
such Latin specialties as Croquetas, Vaca Frita and Arroz Con
Frijoles and much more. The restaurant will also have a souvenir shop
featuring real leather jackets, t-shirts, fishing hats and many more
items emblazoned with Bongo's logo.
The couple also owns "Larios", a Cuban restaurant and nightclub that
is located in the upscale area of Miami's South Beach Strip.
Restaurants are only a portion of Estefan Enterprises. The Estefan
Publishing Company grossed $10 million last year and Gloria's royalty
income and their songwriting talents brought in another $7 million.
On top of all this, Universal Studios has committed $10 million for
Emilio to produce English language television programs with a Latin
Flair.
Gloria & Emilio also own Crescent Moon Studios, which is a $14
million recording studio in Florida. These divisions of Estefan
Enterprises grosses about $3 million annually. And, their song
writing and talent management divisions also bring in a hefty amount.
Estefan enterprises has an estimated worth of $200 million. Pretty
good for a couple of Cuban immigrants. And, with all this, Gloria &
Emilio make time to raise millions for their many charities.
It's true! The Estefan Enterprises are hotter than Salsa and they
show no signs of cooling off.
The above information is taken from a dated source, as you can tell...
But it gives a rough idea!