Horacio Cartes
Horacio Cartes

Celebrity Profile

Name: Horacio Cartes
Occupation: Politician
Gender: Male
Birth Day: July 5, 1956
Age: 64
Birth Place: Asuncion, Paraguay
Zodiac Sign: Cancer

Social Accounts

Height: in centimeters - N/A
Weight: in kg - N/A
Eye Color: N/A
Hair Color: N/A
Blood Type N/A
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Horacio Cartes

Horacio Cartes was born on July 5, 1956 in Asuncion, Paraguay (64 years old). Horacio Cartes is a Politician, zodiac sign: Cancer. Find out Horacio Cartesnet worth 2020, salary 2020 detail bellow.

Trivia

He was the focus of several governmental investigations, including ones for money laundering and ties to the drug trade.

Net Worth

Net Worth 2020

$500 Million

Salary 2020

Not known

With the net worth of $500 Million, Horacio Cartes is the # 1412 richest person on earth all the time follow our database.

Before Fame

When he was nineteen, he founded a company for currency exchange that eventually became the Banco Amambay. He founded or spearheaded twenty five companies over the course of his career.

Biography Timeline

1986

In 1986, Cartes spent 60 days in jail during a currency fraud investigation. He was accused of making millions of dollars by obtaining a central bank loan 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.

1989

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

2000

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.

2008

Until 2008, Cartes was uninvolved in politics and was not registered as a voter. He joined the conservative 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.

2013

Cartes was the Colorado candidate at 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 enterprises, to attract international investments, and to create jobs. On 21 April 2013, he was elected President of Paraguay with 45.80% of the vote. When he took office on 15 August, it marked only the second time in the country's 202 years of independence that a ruling party peacefully surrendered power to the opposition.

He was sworn in on August 15, 2013, and used his inaugural address to declare a war on poverty in Paraguay. His inauguration was attended by fellow conservative South American, Chilean President Sebastián Piñera, as well as 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 announced his cabinet in August 2013 upon being sworn in. He selected mainly technocratic candidates for the positions.

2015

In 2015, massive student protests occurred in Paraguay. The demand of students was a better quality of education, demanding an increase in the education budget to reach 7% of the national GDP as requested by UNESCO; at the time education spending represented 3.9% of GDP and was one of the lowest in the region.

2016

The current constitution limits the president to a single five-year term. In late 2016 and early 2017, Cartes and his supporters in Congress attempted to pass a constitutional amendment to run for re-election, a move described by the opposition as "a coup". On 31 March 2017, a series of protests erupted after supporters of the amendment in the Senate voted for the amendment during a secret session in a closed office rather than on the Senate floor, during which demonstrators set fire to the Congress building. Several people were reported injured, including one protester who was killed after being hit by a shotgun blast by police, and one lower-house deputy who had to undergo surgery after being injured by rubber bullets. On 17 April, Cartes announced that he would not run for a second presidential term even if the amendment passed. On 26 April, the Chamber of Deputies rejected the proposed constitutional amendment for presidential re-election. In a June 2019 interview with the Financial Times, when asked about the amendment, Cartes said, "If you ask me today if it was a mistake, yes it was because it created an unnecessary climate."

2018

On May 21, 2018, the Paraguayan embassy moved to Jerusalem, becoming the third country in the world to recognize the city as the diplomatic capital of Israel. However, Cartes's successor Mario Abdo Benítez reversed the decision on September 5, 2018.

In the 2018 Paraguayan general election, Cartes, while still President, ran for a full Senate seat, which was perceived as an attempt of extending his political influence past his presidency, and was elected. New Senators would be sworn in on 30 June 2018, six weeks before Cartes's presidential term was scheduled to end, thus the need for Cartes to leave office before the expiration of his term, as the constitution states officials can not hold two offices concurrently. Consequently, on 28 May 2018, Cartes offered his resignation as President, which would have to be agreed to by Congress. Legislators were opposed to Cartes resigning and taking up the seat, stating it was unconstitutional. The opposition, as well as dissidents within Cartes' own Colorado Party, successfully blocked Cartes's resignation, boycotting the vote, hence preventing a quorum from being present for a vote on the resignation. Cartes withdrew his bid to resign and be sworn in as a senator on 26 June 2018 after not receiving enough political support to carry through his plans.

On 10 August 2018, when asked by a journalist about his response to a series of citizen protests on Yacyretá Dam deals and congressmen with pending criminal cases, Cartes responded "rubber bullets". Cartes later apologized for the remark, stating, "I want to express my apologies to the young people for the published expressions. I always encouraged them to express themselves and my goal is the peace of all Paraguayans".

Family Life

Horacio married María Montaña de Cartes, with whom he had three children.

🎂 Upcoming Birthday

Currently, Horacio Cartes is 66 years, 1 months and 10 days old. Horacio Cartes will celebrate 67th birthday on a Wednesday 5th of July 2023. Below we countdown to Horacio Cartes upcoming birthday.

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