Singer Jennifer Lopez is giving back to her fellow Latina community.
Lopez, who is Puerto Rican, has been labeled one of the most successful Latinaartists. She is also an actress and entrepreneur with her beauty brand called JLO Beauty.
As Forbes reported in 2021, Lopez is one of Americaās wealthiest self-made women.
Now, she is using her influence to help other Latina entrepreneurs along with her Limitless Labs foundation.
She is also partnering with the non-profit Grameen America to put $14 billion into Latina-owned businesses by 2030, per Today. (1:30)
In an exclusive interview with NBC News, Lopez explained her vision, saying, āWeāre changing lives. āWe want to take the Latino entrepreneur, empower them, give them opportunity where there wasnāt ā you know, me growing up the way I did, we werenāt even in the conversation in that way.ā
āThe opportunity to do something, thatās all anybody wants. Nobody wants a handout, but that opportunity can change your life,ā she continued.
As NBC reported in February 2021, āLatinos are starting businesses at a faster rate than the national average across several industries, growing 34 percent over the last 10 years compared to just 1 percent for all other small businesses.ā
Latino-owned businesses are less likely to have loan applications approved than white-owned businesses.
Lopez explained during the NBC interview how she decided that she should own a part of her own business.
āEven in my own business, I was like, the artist who was making billions of dollars for other people, and not really even realizing it, just like happy to be in the room. And then I started to realize, wait a minute. I can make my own perfume, I can do this in my own way, I should own a part of this business,ā she said.
Lopez also praised her mother, Guadalupe RodrĆguez, and family for helping her embrace her Latina roots.
She said: āItās just who I was. And I think my mother and my family raised me to be proud of who I was. And so, when I went into these worlds, like Hollywood, where we were not represented at all, I almost felt like a unicorn. Iām Latina. Iām Jennifer Lopez from the Bronx and my parents are Puerto Rican, Iām Puerto Rican. and I think it made me feel special.ā
