Alfonso Fanjul • Net Worth $1 Billion • House • Yacht • Private Jet • Florida Crystals Corporation • ASR

Name:Alfonso Fanjul
Net Worth:$1 billion
Source of Wealth:ASR Group (Sugar)
Born:June 1937
Wife:Raysa Fanjul
Children:Crista, Lillian
Residence:Palm Beach
Private Jet:(N700FS) Gulfstream G-IV

As one of the most influential figures in the global sugar industry, Alfonso Fanjul, together with his brother Pepe Fanjul, has created an indelible legacy. Popularly known as the Fanjul Brothers, they are the spearheads of ASR Group (Sugar). Alfonso, born in June 1937, is not only a successful business magnate but also a family man, married to Raysa Fanjul.

Key Takeaways

  • Alfonso Fanjul is the Chairman of ASR Group, the world’s largest cane sugar refiner and marketer.
  • The Fanjul family established their business roots in Cuba before seeking political asylum in the United States due to Fidel Castro’s seizure of their assets.
  • In the United States, the family founded the Florida Crystals Corporation and later, the ASR Group.
  • The Fanjul family businesses have diversified beyond the sugar industry into real estate development.
  • Alfonso Fanjul’s personal net worth is estimated to be over $1 billion, and the family’s total assets, spanning their diverse business interests, are valued at more than $8 billion.

From Cuba to Florida: The Family Legacy

The family’s roots in the sugar industry trace back to their father Alfonso Sr., who was a successful sugar cane grower in Cuba. However, when Fidel Castro seized their assets, the Fanjul family was forced to seek political asylum in the United States. Undeterred by their losses, the family rebuilt their empire in Florida, continuing their sugar mill activities and expanding over time.

Florida Crystals Corporation: The Family Business

In 1960, the Fanjul family founded the Florida Crystals Corporation, a sugarcane farming and milling company in Palm Beach County, Florida. Today, the corporation owns two sugar mills, a sugar refinery, a rice mill, a packaging and distribution center, and more than 190,000 acres of land. Their resilience and relentless ambition have transformed them into leaders in the agricultural sector.

ASR Group: The Rise to Global Domination

Their business success did not stop with the Florida Crystals Corporation. The Fanjul family proceeded to establish ASR Group, now recognized as the largest cane sugar refiner and marketer in the world. Employing more than 20,000 staff across Florida and the Dominican Republic, the ASR Group represents the Fanjul family’s significant influence in the global sugar industry. They have also successfully diversified into real estate development.

Alfonso Fanjul: A Billionaire’s Wealth

With their substantial business ventures and success, Alfonso Fanjul’s net worth is estimated at more than $1 billion. The family’s total assets, including all their diverse ventures, are valued at over $8 billion. These staggering figures reflect the extent of the Fanjul family’s achievements in their journey from political exiles to global industry leaders.

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Alfonso Fanjul

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Alfonso Fanjul House

Alfonso Fanjul Yacht

He is the owner of the Christensen motor yacht Crili, which he named after his daughters Crista and Lillian. The yacht is berthed behind his house.

The CRILI Yacht, formerly known as ‘Thirteen’, was built by Christensen Shipyards in 2006.

Equipped with Detroit Diesel engines, the yacht can reach a max speed of 17 knots and offers a cruising speed of 12 knots.

The yacht can accommodate up to 12 guests and a crew of 10.