The net worth of Rafael Correa, an Ecuadorian politician, is $2 million.
Rafael Vicente Correa Delgado, also known as Rafael, was born in Guayaquil, Ecuador on April 6, 1963.
The President of the Republic of Ecuador and the former president pro tempore of the Union of South American Nations are both currently holding this position.
After studying economics in Ecuador, Belgium, and the United States, he was elected as president in late 2006 and assumed office in January 2007.
He declared Ecuador’s national debt as illegitimate in December 2008, arguing that the debt was contracted by corrupt and tyrannical prior regimes.
He declared that the country would default on over $3 billion worth of bonds; he subsequently vowed to fight creditors in international courts and succeeded in reducing the price of outstanding bonds by more than 60%. In June 2009, Correa brought Ecuador into the Bolivarian Alliance for the Americas.
The reduction of poverty and unemployment in Ecuador has been largely accomplished under Correa’s leadership.
In stark contrast, Rafael Correa has been charged with authoritarianism, nepotism, insulting dissidents, and restricting freedom of speech.
The end of Correa’s first term in office was scheduled for January 15, 2011, but the National Assembly’s approval of the new constitution necessitated the organization of general elections on April 26, 2009.
The first round of the election saw Correa declared the winner with 51.9% of the total votes cast.
Correa won a third presidential election in 2013 with a 57% majority.