Bob Unanue
Source: Getty

Goya CEO Bob Unanue Makes National Headlines, Predicts Global Food Shortage

Mohit Oberoi, CFA - Author
By

Apr. 29 2022, Published 1:26 p.m. ET

Over the last few months, several agencies and individuals including U.S. President Joe Biden and the World Food Programme have warned of food shortages. Bob Unanue, the CEO of Goya Foods, has also predicted a global food shortage. What’s Unanue’s net worth?

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Bob Unanue

CEO Goya Foods

Net worth: $1.1 billion (estimated)

Bob Unanue is the CEO of Goya Foods, which is the largest Hispanic-owned food company in the U.S. He belongs to the third generation of the family and has maintained a low profile. Unanue has been in the news over his comments on the food shortage situation.

Birth year: 1954

Birthplace: Wyckoff, N.J.

Education: Enrolled at the University of Seville

Spouse: Isabel Banuchi

Children: 3 daughters

Goya Foods was founded by Prudencio Unanue Ortiz. He was born in Spain in 1886 and moved to Puerto Rico in 1903 where he started a food distribution business. Unanue later became a broker for Spanish food. The company was founded in 1936 and was originally named Unanue & Sons but its name was changed to Goya Foods in 1961.

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Goya Foods is the largest Hispanic-owned food company in the U.S.

Goya Foods is the largest Hispanic-owned food company in the U.S. The company is a leader in Latin American food and condiments in the U.S. Goya Foods manufactures and distributes more than 2,500 food products that it sources from Spain, Mexico, the Caribbean, Central, and South America.

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Bob Unanue belongs to the third generation of the family

Bob was born in 1954 in Wyckoff, N.J., and is the third generation of the family. He became the company’s CEO in 2004. He married Isabel Banuchi and the couple has three daughters, Isabel, Sofia, and Juliana.

The Unanue family's net worth was estimated at $1.1 billion in 2014.

In 2014, Forbes had estimated the Unanue family’s net worth at $1.1 billion. We don’t have an updated net worth for Unanue or his family.

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Unanue isn't very active on social media.

Unanue has tried to maintain a low profile. He doesn't seem to have a Twitter account and has only 249 connections on LinkedIn. He isn't very active on LinkedIn either. However, he has made national headlines with his dire predictions about food shortages.

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Goya CEO Bob Unanue predicts a food shortage.

Speaking with Fox News host Maria Bartiromo, Unanue said, "We are on the precipice of a global food crisis.” He pointed out the high share of Ukraine and Russia in global wheat, edible oil, and fertilizer exports to drive home the point on how the Russia-Ukraine war is further complicating the food shortage situation.

He said that the world has “weaponized fuel” in what seems to be a reference to Russia, which has destroyed Ukraine’s ability to produce and export food. Some of Unanue’s comments were also dismissive of Biden. He said, the U.S. "provoked, in a way, this war by showing an incredible weakness around the globe.”

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Goya CEO blamed the Biden administration on Fox News.

Unanue also pointed to the “lack of resolve” and also highlighted how the Biden administration handled the Afghanistan withdrawal. The country left many of those who worked for it fending for themselves when the Taliban took over. Incidentally, the U.S. forces also left behind a lot of military equipment in the country.

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Biden’s popularity started to fall after the botched-up Afghanistan withdrawal and has continued to plummet amid multi-decade high inflation and the U.S. response to the Russia-Ukraine war.

Bob Unanue has supported Donald Trump, although the Unanue family has also worked with the Obamas.

Although Unanue has supported former President Donald Trump, the Unanue family has also collaborated with the Obamas in the past. In 2012, the family supported Michelle Obama with MyPlate, which is an initiative to promote balanced diets for African Americans and Hispanics.

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