Horacio Cartes

Horacio Cartes

Horacio Cartes
Horacio Cartes con banda.jpg
50th President of Paraguay
Assumed office
15 August 2013
Vice President Juan Afara
Preceded by Federico Franco
Personal details
Born Horacio Manuel Cartes Jara
(1956-07-05) 5 July 1956 
Asunción, Paraguay
Political party Colorado Party
Spouse(s) former spouse: María Montaña
Children Juan Pablo
María Sol
Residence Mburuvicha Róga

Horacio Cartes was born in Asuncion on July 5, 1956 in the bosom of a family whose head is his father Don Ramón T. Cartes, who conveys his strong sense of responsibility and practicality.

After completing his studies, he specialized in aviation engines in the United States to return to Paraguay and start his commercial ventures at the early age of 19 years, growing steadily, above all, in productive sectors of the country such as agriculture, livestock and the industrial one with more than 25 leading companies today and with brands such as Purosol, Watt’s, Palermo and Pulp, these last two present today in the demanding US market.

From the beginning of his business activity, he considered that the progress of his companies should bring the progress of his collaborators, which total more than 3500 people, with a philosophy of Social Responsibility structured under the concepts of opportunity and responsibility.

He joins the sport at Club Libertad and the Paraguayan National Team, transforming the club into a sporting power and taking the national team to the quarterfinals of the 2010 World Cup.

Later, and by the hand of governors, legislators, mayors, and base leaders of the National Republican Association, with whom he shares ideals, he receives the proposal to run as a candidate for the Presidency of the Republic of Paraguay.

Horacio Cartes takes up the challenge, proposing a new direction for the country, with opportunities for all from a responsible and efficient government.

Business career

Cartes’ father was the owner of a Cessna aircraft franchise holding company and the young Horacio studied aviation mechanics in the United States. At the age of 19, he started a currency exchange business which grew into the Banco Amambay. Over the following years, Cartes bought or helped establish 25 companies including Tabesa, the country’s biggest cigarette manufacturer, and a major fruit juice bottling company.

Horacio CartesIn 1986, Cartes spent 60 days in jail during a currency fraud investigation. He was accused of making millions of dollars on a central bank loan obtained at a preferential exchange rate and then moving it through his money exchange business before buying farm equipment in the U.S. The case was eventually dropped.

Cartes was imprisoned on charges of currency fraud for seven months in 1989. He was eventually cleared by a court.

In 2000, the anti-drug police seized a plane carrying cocaine and marijuana on his ranch. He claimed that the plane had made an emergency landing, that he had no involvement with the drug trade and that he opposed the legalization of narcotics.

Cartes’ name appears in the Offshore leaks files in connection with a Cook Islands financial entity linked to Cartes’ Paraguayan bank Banco Amambay. A classified WikiLeaks cable from 2010 mentioned Cartes as the focus of a money laundering investigation by the DEA.

Political career

Until 2008 Cartes was uninvolved in politics and he was not registered as a voter. He joined the center-right Colorado Party in 2009 and said he wanted to counter the swing to the left in Latin American politics. He became known as an efficient politician uncompromised by his party’s past support of the military dictatorship of Alfredo Stroessner who ruled until 1989.

In regards to allegation of his connections to the drug trade, as well as being targeted by the DEA, he said during his presidential campaign: “I wouldn’t want to be president if I had ties to drug traffickers. Go to the courts and check. There’s nothing, not a single charge against me.” His most polemical statements have centred on the LGBT community that it compares to “monkeys”. He also said he would “shoot myself in the b*****ks” if he were to discover a son who wanted to marry another man.

Presidential campaign

Cartes was the Colorado candidate in the 2013 presidential election. The BBC suggested that his convincing points during his campaign were the promises to raise private capital to upgrade the country’s infrastructure, to modernise its public entreprises, to attract international investments, and to create jobs. On April 21, 2013, he was elected President of Paraguay with 45.80% of the vote. When he took office on August 15, it marked only the second time in the country’s 202 years of independence that a ruling party peacefully surrendered power to the opposition.

In regards to the impeachment of Fernando Lugo and the hostile reception the country was given in the aftermath by Latin American leaders, Cartes said that the country should not withdraw from Mercosur due to its economic benefits of free trade: “Paraguay in no way should abandon Mercosur…we have to hold on tight while they bash us a little bit and keep low and don’t play to being giants or annoyed. Mercosur is a common market like is Europe and with our neighbours we also have many coincidences. [In a globalised world] all countries are interconnected and it is out of the questions trying to isolate Paraguay from other countries. The OAS has already began to understand our politics, that we’re a sovereign country, all was done according to the book and the Constitution.” Upon being sworn in he said: “I’m not in politics to make a career of it or become wealthier. I’m in politics to serve my people, make the future better for new generations and build up our identity as a free, independent and sovereign people.” His inauguration was attended by fellow conservative South American, Chilean President Sebastián Piñera who said: “I want to say to President Horacio Cartes that we are very expectant about his future achievements. The slogan of his campaign was ‘new directions,’ and every country needs new directions and to be confronted with new challenges…the challenge of integration in our Latin America is still a pending challenge and the experience of the Pacific Alliance was a great experience which has been very fruitful.” Other leaders at his inauguration were Argentina’s Cristina Fernández de Kirchner, Peru’s Ollanta Humala, Brazil’s Dilma Rousseff, Uruguay’s José Mujica and Taiwan’s Ma Ying-jeou.



Cartes said of his cabinet that the future ministers have the “enormous responsibility” of honouring those who voted for them and gave them a governing mandate. “It will be the beginning of a story that us Paraguayans want, a government for all, an inclusive government, our great obligation is with the citizens…we need all the Paraguayans to help us, to orientate us.” The majority of them have an overwhelmingly technical profile:

  • Vice President Juan Afara
  • Minister of Finance Santiago Peña
  • Minister of Foreign Relations Eladio Loizaga
  • Minister of National Defense Gen. Bernardino Soto Estigarribia Until November 2015 Replaced by Diogenes Martinez
  • Minister of the Interior Francisco de Vargas. In November 2016, De Vargas was removed and replaced by Tadeo Rojas. Later, in April 2017, Rojas was also removed and replaced by Lorenzo Darío Lezcano, mainly as a consequence of the violent repression of protesters by the police on 31 March 2017.
  • Minister of Industry and Commerce, Gustavo Leite
  • Minister of Agriculture and Livestock, Jorge Gattini
  • Minister of Public Works and Communications, Ramón Jiménez Gaona, a former Olympic athlete
  • Minister of Health and Social Welfare, Dr. Antonio Barrios, Cartes’ personal physician
  • Minister of Education and Science Marta Lafuente. Lafuente resigned in May 2016, and was replaced by Enrique Riera Escudero
  • Minister of Justice, Carla Bacigalupo. In July 2016, Bacigalupo was removed and replaced by Ever Martínez.
  • Minister of Labor, Employment, and Social Security Guillermo Sosa
  • Minister of Women, Ana María Baiardi
  • Sports Secretary, Víctor Pecci

horacio cartes net worth

According to celebritynetworth horacio cartes net worth is more than $500 million .

From Wikipedia


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