Maximo Alvarez Net Worth: How He Build A Multi-Million Dollar Empire?

By Sandy
Published on October 21, 2021, Updated on October 21, 2021

Maximo Alvarez Net Worth in 2021 | Photo credit: Fox News

The adage “hard work pays off” has been proven true in several success tales, and Maximo Alvarez’s story is no exception. The Cuban-born American patriot is a successful businessman and the proprietor of a South Florida retail gasoline empire.

Like many other youths around the world, Alvarez was a dreamer who worked late at night to make his American dream a reality. The millionaire delivered a passionate and motivating speech at the Republican National Convention, emphasizing the need to “choosing freedom over oppression.”

Over the years, Alvarez has built an empire of his oil business, which generates millions of dollars every year.  So, stay with us to learn about Maximo Alvarez’s net worth, as well as his sources of income.

Maximo Alvarez Net Worth: He is a Multi-Millionaire

Maximo Alvarez has nothing to worry about finances and income, as he has built an empire in the gasoline distribution and fuel marketing industry. He has accumulated tremendous wealth as the owner and president of Company Sunshine Gasoline for over three decades, allowing him to live a luxury lifestyle.

Alvarez’s Sunshine Gasoline business has been booming in recent years, which is impressive not just for himself but also for the American economy. Surprisingly, his company reportedly generates over USD 120 million in sales.

Maximo Alvarez net worth

Photo credit: retailandhospitalityhub.com

Aside from his personal wealth, the veteran has always believed in giving back to the community. He was also elected Chairman of the Board of Directors of the Florida Petroleum Marketers Association in 2000 and inducted into its Hall of Fame in 2005.

Alvarez has kept his financial status private and hasn’t disclosed his earnings and income to the media. However, several tabloids have reported that his net worth is roughly a whopping $80 million.

How Did Maximo Alvarez Amass Massive Fortune?

After graduating, Maximo began his career in the oil industry, working for Cities Services Oil Company (CITGO Petroleum) from 1971 to 1973. In 1973, Maximo moved to Tampa, Florida, to work as a marketing representative for Mobil Oil Corporation. Maximo quit the corporate world in 1976 to start his first business as an independent entrepreneur, Sunshine Citrus Corp.

Sunshine Citrus was a citrus gift packing and shipping company that operated for 11 years. Maximo later got the opportunity to purchase four underperforming gas stations from Southland Corp in 1987.

Sunshine Gasoline Distributors, Inc was built on the foundation of these four gas stations. Sunshine Gasoline went from selling only 200,000 gallons per month to more than half a billion gallons per year.

Today, Sunshine operates over 300 outlets and provides over 250 branded retail facilities such as Chevron, Shell, Marathon, Citgo, and Exxon/Mobil. In the South Eastern United States, Sunshine Gasoline is one of the largest independent branded suppliers for its represented brands.

Sunshine Gasoline was ranked #31 on CSP’s “Top 101 Convenience Stores” list in 2016, which rates the largest convenience store chains in the United States and Canada based on store count.

(References: Idol Persona, Trustees.fsu.edu, retailandhospitalityhub.com, FoxNews)