Who is Horacio Cartes?

Horacio Cartes is a Paraguayan businessman and politician who served as the President of Paraguay from 2013 to 2018. He was born on July 5, 1956, in Asunción, Paraguay. Cartes is known for his successful business ventures and his controversial political career.

Early Life and Education

Cartes was born into a wealthy family in Asunción, Paraguay. He studied at the exclusive Christian Brothers' School in Asunción before attending the Universidad Católica Nuestra Señora de la Asunción, where he studied business administration.

Business Ventures

Cartes made his fortune in the tobacco industry, founding the company Tabacalera del Este in 1992. He later expanded his business interests to include banking, real estate, and media.

Political Career

Cartes entered politics in 2009 when he joined the Colorado Party, one of Paraguay's two major political parties. He ran for president in 2013 and won by a landslide, becoming Paraguay's first conservative president in over 60 years.

Controversies

During his presidency, Cartes faced allegations of corruption and ties to drug trafficking. He also drew criticism for his handling of protests and social unrest in Paraguay.

Net Worth

As of 2024, Horacio Cartes has an estimated net worth of $500 million. His wealth comes from his various business interests, including tobacco, banking, and real estate.

Personal Life

Cartes is married to María Montaña de Cartes, with whom he has four children. He is known for his love of polo and has a passion for collecting luxury cars.

Philanthropy

Despite his controversial reputation, Cartes is also known for his philanthropic efforts. He has donated millions of dollars to charitable causes in Paraguay, particularly in the areas of education and healthcare.

Future Plans

Since leaving office in 2018, Cartes has remained active in politics and business. He has hinted at a possible run for president in the future and continues to expand his business empire.

Legacy

Horacio Cartes will be remembered as a polarizing figure in Paraguayan politics. While he brought economic stability and growth to the country, his tenure was marred by allegations of corruption and authoritarianism.

Conclusion

In conclusion, Horacio Cartes is a complex figure whose legacy is still being debated in Paraguay and beyond. His wealth, power, and influence have made him a prominent figure in both business and politics, but his controversies have also raised questions about his leadership style and ethics.