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Maximo Alvarez Net Worth - The Complete Breakdown

Bran Published On Fri Aug 28 2020   Modified On Fri Aug 28 2020
Maximo Alvarez Net Worth - The Complete Breakdown

Grab all the details regarding the net worth and his income source of Maximo Alvarez, the renowned Cuban-born American patriot.

The famous saying of 'hardwork pays off' has proven to be true in many success stories, and the case is no different with Maximo Alvarez's journey. The Cuban-born American patriot is an accomplished businessman and the owner of a retail gasoline empire in South Florida.

Just like many of the teenagers all over the world, Alvarez was a dreamer who burned the midnight oil to make his American dream a reality. The businessman recently gave an emotional and inspiring speech at the RNC with a strong message that it is 'up to us to decide our fate, and to choose freedom over oppression.' His contributions to the oil industry has been massive, which resulted in his bank balance to be huge. So, stay with us to know the net worth and source of income and expenses for Maximo Alvarez.

Maximo Alvarez's Staggering Net Worth Makes Him A Multi-Millionaire

When it comes to finances and income, Maximo Alvarez has nothing to worry about, since he created an empire in the gasoline industry with his business. As the owner and the president of Company Sunshine Gasoline for over the past three decades, he amassed a colossal fortune, that enables him to live a lavish lifestyle. Specifically, he gathers an estimated net worth of $80 million as of August 2020

Maximo Alvarez in a dark brown suit and a red tie talking in an interview.

Maximo Alvarez owns a staggering net worth of $80 million as of 2020.
Photo Source: YouTube

Alvarez's Sunshine Gasoline business continues to boom in the last few years, which is quite remarkable for not just himself, but also the American economy. Surprisingly, in 2020 alone, estimates have been made that his firm would generate annual revenue of $47.7 million. Apart from his personal prosperity, the veteran always believed in the thought of helping the community. Not just that, he was also elected as the Chairman of the Board in 2000 and got inducted into the Hall of Fame in 2005.

Maximo Alvarez poses in front of the Sunshine Gasoline with family.

Maximo Alvarez is the president and owner of Sunshine Gasoline.
Photo Source: Retail and Hospitality Hub

Maximo Alvarez prefers to keep a low-profile of her personal life and his expenses, which is why there is no clue on where his house is or which car does he drive. The multi-millionaire gives a pleasant life to his wife Esther Lucrecia Alvarez, and their three children, Sandra Reus, Maximo Ricardo Alvarez, and Eduardo Ricardo Alvarez.

Maximo Alvarez's Career to the Gasoline Business

The professional journey of Maximo Alvarez officially embarked when he completed his Master's Degree in 1970 and entered the oil industry a year later. In fact, he was an employee of the Cities Service Company, where he learned a lot of things. The millionaire left the firm after eight years before making an ambitious decision to buy four gas stations in South Florida. Eventually, that acquisition resulted in the formation of Sunshine Gasoline.

Maximo Alvarez in a black suit giving a speech.

Maximo Alvarez started working in the gasoline industry in 1971.
Photo Source: Mediaite

It's quite interesting that Alvarez's company became a distributor for Citgo Petroleum, the company he worked for in the past. In a speech, he did open up on the keys to his accomplishments. In fact, he did state how listening respectfully to the best advice and going to do the exact opposite did the trick, which might not work in everyone's favor. Today, his business is one of the largest distributors in Florida, that supplies over 515 gas stations, owning 360 of them.

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