Rafael Correa Net Worth Income Profile and Salary. Ecuadorean politician, president of Ecuador since 2007, after winning in the 2006 elections as a candidate of the Alianza País movement. He obtained the victory after an accelerated political race since until April of 2005, when it happened to occupy the portfolio of Economy and Finances of the government of Alfredo Palacio, was a figure almost unknown in the political scope. During the electoral campaign he defined himself as a Christian leftist and ironized with his surname when he affirmed that, if he won the elections, he would “corrode” corruption.
Rafael Correa
Rafael Correa was born in the coastal city of Guayaquil on April 6, 1963. He is a member of working and Christian middle-class family. He and his two brothers were orphaned at a young age, so his mother, Norma Delgado, Face the education of children alone and with the low income of their employment.
His first studies carried out in the school San Jose La Salle of Guayaquil, wherein occasions it played with his companions to recreate the world of the high spheres of the government, in which he represented the role of president of the Republic. The shortage of resources did not prevent him from advancing in his academic training, and whenever possible he was able to improve himself by obtaining scholarships, both inside and outside the country.
In 1987 he graduated as an economist at the Catholic University of Santiago de Guayaquil, where he presented the thesis titled Evaluation of Programs to Support the Informal Sector in Guayaquil. In 1991 he obtained a Master of Arts in Economics from the Catholic University of Louvain la Nueva (Belgium), in 1999 he holds a master’s degree in Economics at the University of Illinois (United States) and in 2001 he completed his Ph.D. in Economics at the same center American academic.
During the period in which it received its academic formation, Correa dedicated itself parallel to the teaching; In 1983 he began working as a lecturer and in 1993 he was appointed professor of economics at the University of San Francisco de Quito (USFQ). Between 1997 and 2001 he served as an instructor in the Department of Economics at the University of Illinois, and between that year and 2005, he served as director of the USFQ Department of Economics.
During his training he combined student and teacher activity with university militancy; Between 1987 and 1988 he participated in the Salesian Fathers Mission in Zumbahua, Cotopaxi province, where he was in charge of the design, implementation, and control of integrated rural development projects for the indigenous communities of that parish. He has also worked as a guest lecturer in other universities, including the Latin American Faculty of Social Sciences (FLACSO) and the Universidad Andina.
The political career of this young Catholic academic began in April 2005, when Ecuador tried to overcome a serious institutional crisis. On the 20th of that month, the then Vice-President of the Republic, Alfredo Palacio, took over the government after the Parliament dismissed President Lucio Gutiérrez, as a result of a great citizen mobilization in which the indigenous movement played a major role.
The new president summoned Correa to occupy the ownership of the Ministry of Economy and Finance, a portfolio for which Guayaquil had a solid background. In that position, he remained until the month of August, when he began the activity as an independent consultant and began to profile himself as a possible leader of the government. His figure was growing before the citizens, with no more political wear and tear than the prolegomena of the electoral contest, based on a left-wing and Christian ideology, which showed some communion with the Chavista model of Venezuela.
Net Worth of Rafael Correa
The Net Worth of Rafael Correa in 2020 is $250 Million.
| Full Name | Rafael Correa |
|---|---|
| Net Worth | $250 Million |
| Profession | Politician Economist |
| Nationality | Ecuadorian |
| Annual Income | $40 Million |
Once confirmed as a candidate for the presidency of the Alianza País movement, Correa launched his campaign under the ironic slogan that he would “corrode” corruption, alluding to his surname. Between the points of his program that attracted the attention of the citizens was the fierce opposition to the Free Trade Agreement (FTA) of Ecuador with the United States and to the renovation of the agreement that allows the operation of a US base in the locality of Manta. Among the promises made by the president-elect was the restructuring of Parliament through a Constituent Assembly.
In the first round of presidential elections, held on October 15, 2006, Correa was second only to banana entrepreneur Álvaro Noboa, representative of the National Action Institutional Renewal Party (PRIAN). The second round, which took place on November 26, confirmed him as Ecuador’s elected president by 56.67% of the vote, compared to 43.33% ac
