Rank #1005
Miguel Fluxa Rossello
Net worth $4.2B
Hotels · Spain
- Born
- Jul 27, 1938
- Age
- 87
- Source
- Hotels
- Residence
- Esporles
- Citizenship
- Spain
- Marital status
- Married
- Children
- 2
- Education
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.