LeaderPortfolio
Rossello
Miguel Fluxa Rossello
Rank #1063
SPAINServiceHotels

Miguel Fluxa Rossello

Net Worth
$4.069B
0% (24h)
Miguel Fluxa Rossello, a prominent Spanish billionaire, is the chairman and 100% owner of Grupo Iberostar, a globally recognized hotel chain. Born in Majorca, Spain, in July 1938, he is the third-generation heir to a shoe-making business founded by his grandfather in 1877. Fluxa transformed the family's legacy, expanding into the hospitality sector. His career includes founding the Iberostar brand in 1983 and leading its international expansion, establishing the group's first international location in the Dominican Republic. With a net worth of $4.3 billion, as of March 2024, his commitment to sustainable tourism and social responsibility has earned him recognition as a leader in the industry.

The Full Dossier

Early Life

Miquel Fluxà Rosselló was born in Majorca, Spain, in July 1938. He is the grandson of Antonio Fluxà, who founded the shoe-making shop Lottusse in Majorca in 1877. His father, Llorenç Fluxà Figuerola, expanded the family business into hospitality. Fluxà grew up in an entrepreneurial household, with his upbringing shaping his commitment to business excellence.

Rise to Success

In 1956, Llorenç Fluxà acquired Viajes Iberia, a travel agency, marking the family's initial venture into tourism. Miquel joined his father and eventually took over the tourism business. He started the Iberostar brand in 1983 with hotels in Majorca and the Canary Islands. He expanded the group through acquisitions and international expansion, including the opening of the first international location in the Dominican Republic in 1993.

Key Business Strategies

Fluxà's key strategies included expanding Iberostar's presence globally by acquiring an airline and cruise company and focusing on high-end resorts. He sold most of the group's tourism businesses in 2006 to concentrate on the hotel division. He also formed a long-term commercial alliance with InterContinental Hotels Group (IHG) in 2022 to develop beachfront resorts.

Philanthropy

In 2004, Fluxà founded Fundacion Iberostar, a non-profit organization promoting sustainable tourism and social responsibility.

Career Timeline

2023

Forbes Best CEO

Recognized as Forbes' Best CEO in Spain.

2022

Strategic Alliance

Formed a strategic alliance with InterContinental Hotels Group (IHG).

2006

Focused on Hotels

Sold most of the group's tourism businesses to focus on the hotel division.

2004

Founded Fundacion Iberostar

Started a non-profit organization promoting sustainable tourism.

1993

International Expansion

Opened Iberostar's first international hotel in the Dominican Republic.

1983

Founded Iberostar

Created the Iberostar brand.

1979

Hotel Business

Started his hotel business in Spain.

1973

Founded Iberojet

Created one of Spain's first tour operators.

1956

Family tourism business

Joined the family business, Viajes Iberia, a travel agency.

Philanthropic Impact

Environmental and SocialUnknown

Fundacion Iberostar

Promotes sustainable tourism and social responsibility.

Wealth Trajectory