Falero was born in Granada and originally pursued a career in the Spanish Navy, but gave it up to his parents' disappointment.

[2] Falero had a particular interest in astronomy and incorporated celestial constellations into many of his works, such as "The Marriage of a Comet" and "Twin Stars".

[2] In 1889, in Rochford, Essex, Falero married Maria Cristina Spinelli, and in 1891 they were living at 100 Fellows Road, Hampstead.

[2] Falero died at University College Hospital, London, at the age of 45, leaving an estate valued for probate at £1,139.

[7] In 1937, following the Second Italo-Ethiopian War, an Italian War Cross of Military Valor was awarded to Riccardo Falero of Atina, Frosinone, referencing Maria Cristina Spinelli, suggesting that Falero had a son posthumously.