Billionaire Profile
Miguel Fluxa Rossello
Global Rank
#1023

Image: Public domain | via Wikimedia Commons

Miguel Fluxa Rossello

CEO, Grupo Iberostar
ES
Real-Time Net Worth
$3.9B
As of December 2025
Age
87
Source
Hotels
Industry
service
Citizenship
ES

Biography

Miguel Fluxa Rossello, a Spanish billionaire, is the Chairman and 100% owner of Grupo Iberostar, a leading global hospitality company. Born in Majorca, Spain, in July 1938, Fluxa has transformed his family's legacy in the footwear industry into a vast hotel empire. His strategic vision has expanded Iberostar to over 100 hotels and resorts across 16 countries. With a net worth of $3.9 billion, Fluxa's career highlights his commitment to quality, sustainability, and responsible tourism, making him a significant figure in the global tourism industry. He was named Forbes' Best CEO in Spain for 2023.

Wealth Over Time

In-Depth Profile

Early Life

Miguel Fluxa Rossello was born in July 1938 in Majorca, Spain. He is the third-generation heir to a shoe-making business that his grandfather, Antonio Fluxà, started in 1877. The family's entrepreneurial spirit influenced his future endeavors. In 1956, the family entered the tourism industry with the acquisition of Viajes Iberia, which his father, Llorenç Fluxà Figuerola, expanded.

Rise to Success

In 1986, Miguel Fluxa joined the family company and, together with his father, opened the first Iberostar hotels in Majorca and the Canary Islands. After his father's death in 1993, he led the opening of the group's first international location in the Dominican Republic. He expanded the group through acquisitions, including an airline company and a cruise company. In 2006, Fluxa sold most of the group's tourism subsidiaries to focus on the hotel division.

Key Business Strategies

Fluxa's key business strategy has been to focus on quality, sustainability and responsible tourism. His vision has led to the growth of Iberostar into a global hospitality brand with a strong commitment to the well-being of the environment. In 2020, Iberostar presented its 2030 Agenda, focused on eliminating waste, sourcing responsible seafood, neutralizing carbon emissions, and improving the health of the ecosystems surrounding its hotels. The company signed a long-term commercial alliance with InterContinental Hotels Group PLC (IHG) in November 2022.

Philanthropy

In 2004, Miquel Fluxà Rosselló founded the Fundacion Iberostar, a non-profit organization focused on sustainable tourism and social responsibility.

Career Milestones

1956

Joined Family Business

Began working at Viajes Iberia, later expanding into tourism.

1986

Founded Iberostar Hotels

Opened first Iberostar hotels in Majorca and Canary Islands.

1993

International Expansion

Led the opening of the group's first international location in the Dominican Republic.

2004

Founded Fundacion Iberostar

Established a non-profit organization for sustainable tourism.

2006

Focus on Hotels

Sold off tourism subsidiaries to focus on the hotel division.

2023

Named Forbes' Best CEO

Recognized as Forbes' Best CEO in Spain.

Philanthropy & Social Impact

Sustainable Tourism and Social Responsibility

Fundacion Iberostar

Undisclosed

A non-profit organization focused on sustainable tourism and social responsibility.

Business Philosophy & Leadership

Notable Quotes

""It is an honor to receive this recognition from Forbes Spain. We are a family company with strong values that have helped us shape Iberostar's corporate culture based on quality and long-term sustainability.""

Leadership Principles

Commitment to Quality

Focusing on providing excellent tourism experiences.

Sustainability

Building a profitable company as a cornerstone of sustainability while carefully managing the impact of activities.

Responsible Tourism

Caring for people and the environment.