Alvaro Noboa net worth
Alvaro Noboa Net Worth: Álvaro Noboa is an Ecuadorian businessman and politician with a net worth of $1 billion. Born on November 21, 1950 in Guayaquil, Ecuador, he made money from real estate before taking control of his father’s company and eventually became active in politics. As the son of one of Ecuador’s wealthiest plantation owners, Noboa had the opportunity to be educated in the best schools.
After finishing his studies at La Salle School in Guayaquil, he moved to Le Rosey in Switzerland, where he met the criteria of the best student. Next, he earned a bar at the University of Guayaquil and pursued a graduate program in management at the American Management Association in New York. In 1973, Noboa formed a company that united several real estate companies, called Promandato Global SA, and as such, it is one of the largest companies in Ecuador. In the late 1980s, he went on to found a monthly magazine (Revista La Verdad) and other investment companies of international scale (Global Financing Company) and founded one of the most reliable banks in Ecuador (Banco del Litoral). In 1997, he took over the shares and corporate control of his father’s company, and he has managed 110 companies in Ecuador and the world (Europe, Japan, New Zealand, USA, Argentina), which he founded himself. At the same time, he was given the presidency of Ecuador’s Monetary Council and in less than six months achieved the highest currency reserves in the country’s history, exceeding $2 billion, an unprecedented amount. What’s more, he was the founding president of the Association of Realtors, of which he is now honorary life president. Representing his political party, Noboa unsuccessfully ran for the office of President of Ecuador in 1998, 2002, 2006, and 2009. However, he was elected national assemblyman in 2007 and he decided to be running for a fifth time to become the President of Ecuador In the upcoming 2013 Ecuadorian presidential election.
With enormous wealth and power, Noboa founded the New Human Crusade and the United Action Foundation about 26 years ago to help various disadvantaged social groups.
