Miguel Fluxa Rossello

Net worth over time

Biography

• Fluxa Rossello is the executive chairman of Grupo Iberostar, one of Europe's largest hotel companies.
• In 2017 Iberostar generated more than $2.9 billion in revenues; it has hotels in 30 countries and 27,100 employees.
• The roots of the Iberostar Group date to the 19th century when the Fluxa family started a footwear business in Majorca, Spain.
• In 1986 Miguel joined the family company, which was still small, and founded the first Iberostar hotels in Majorca and the Canary Islands.
• In 2006 he sold the group's tour operator and travel agency divisions to the Carlyle Group for $950 million.
• His grandfather, Antonio Fluxa, set up the family's footwear business in 1877 and within a decade, it had 11 workshops and five leather factories.