#972

Miguel Fluxa Rossello

Spain 87 years old

Overview

Source of Wealth
Hotels
Industry
Service
Residence
Esporles
Marital Status
Married
Children
2

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.

About

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.