Gabriel Escarrer – Billionaire

Gabriel Escarrer founded Meliá Hotels International, one of the world’s largest hotel chains, when he was just 21. Starting with one 60-room hotel on Palma de Mallorca, Spain more than 50 years ago, Escarrer now sits atop an empire of more than 350 hotels and resorts in 35 countries, which haul in $1.6 billion in revenues. The largest hotel chain in Spain and one of the largest in the world, Meliá continues to grow. In 2013 the company added 28 new hotels and was on pace to do the same in 2014. Escarrer serves as chairman, and his son, also named Gabriel Escarrer, is vice chairman and CEO. They still live on Mallorca, an island off the coast of Spain, where the company is headquartered. The elder Escarrer is an avid golfer.

Gabriel Escarrer Net Worth: Gabriel Escarrer is a Spanish businessman who has a net worth of $1.7 billion. The founder and majority stakeholder of Meliá Hotels International, Escarrer was only 21 when he opened his first hotel, the Altair, in Palma de Majorca, more than 50 years ago. Ever since, he has built an empire that numbers 350 hotels and resorts spread across 35 countries. With $1.85 billion in revenues, it is considered to be one of the largest hotel chains in Spain and the world. But this market leader in both resort and urban hotels has no intention to cease its growth. By 2015, it plans to open 500 more hotels, among them: two hotels in Zhengzhou, China and one in Jamaica. Currently based in Spain, Escarrer is a married man and father of six children. Two of his sons are already involved in the business. Gabriel Escarrer’s devoted work earned him numerous awards, including the United Nations World Tourism Organization inaugural Lifetime Achievement.

Source:

1. forbes

2. celebritynetworth