Spanish businessmanGabriel Escarrer comes with an estimated net worth of $1.15 billion as of March 2013 according to Forbes. Nearly all of Escarrer’s net worth is derived from his huge investments in numerous resorts. At age 21, Gabriel Escarrer had already started his first hotelin Palma de Majorca, the Altair. Today, he’s the owner ofMelia Hotels International which now has over 350 resorts and hotels in 35 nations. Melia Hotels International is bringing in a revenue amounting to $1.8 billion. It is now thought to be the greatest hotel chain in Spain and one of the largest on earth. By 2015, Escarrer plans to start 500 more resorts. In 2012, Gabriel Escarrer signed a deal with Microsoft that would develop state of the art technology in hotel rooms later on. Now based in Spain, Escarrer is married with six kids. His two sons help him in running the business. Escarrer is a receiver of the United Nations World Tourism Organization initiative Life Achievement.