Nine houses, vehicles and land: how much is the millionaire heritage of Guillermo Lasso, the new president of Ecuador, worth

Guillermo Lasso he has not yet completed a week as President of Ecuador However, as required by Ecuadorian law, when starting office must submit an affidavit of assets. Information on the assets of the new president is publicly available on the website of the Office of the State Comptroller General.

The legacy of the Lasso, which includes houses, vehicles, land, intellectual property rights, fiduciary rights and rights acquired by inheritance, it’s over 40 million dollars; while his debts contracted for more than half a million dollars make the balance of the fortune of the new president by more than 39,700,000 dollars.

The fortune of the former banker

Lasso said three houses in Guayas and six in Santa Elena, the two provinces of the Ecuadorian coast. He also reported that he has a piece of land in Pichincha, province to which the capital of Ecuador, Quito, belongs.

As for vehicles, the new president has a Nissan from 1971, which on the market costs 10 thousand dollars. He bought this car on April 24, 2021. Previously, in January 2021, Lasso had bought a Mini car, whose market value is $ 79,990.

Lasso’s money, as he himself pointed out in his affidavit, is divided into five checking accounts and one savings account. Four of these accounts are in Ecuador and two in the United States..

When Lasso ends his period four years as president you have to declare your goods again.

Article 3 of the law on the presentation and control of asset declarations establishes that persons exercising a public function “They are required to present the declaration of assets under oath (…) at the beginning and at the end of management and update it every two years ”.

The ex-president Lenin Moreno declared that his legacy by leaving the presidency, it is over 528 thousand dollars, 75 times less than the succession of his successor Guillermo Lasso.

How did Lasso get his millions?

Lasso has repeatedly stated that in support of his parents’ situation, had to work since he was a teenager. Its official website indicates that Guillermo Lasso, the last of 11 siblingsThanks to his work, he was able to forge a professional career and continue his secondary education.

The current President of Ecuador has 50 years of experience in the private and public sector from Ecuador. In 1989, he was executive chairman of Banco Guayaquil. Information on his website indicates that Lasso’s “most remarkable” management was achieved when he chaired the Board of Directors of the Guayaquil Terminal Terrestre Foundation, “considered the best terminal in Ecuador and one of those with the greatest number of mobilizations at the level. regional “.

Lasso was also a public official. He was Governor of Guayas and Minister of Economy under the government of Jamil Mahuad. It was also a month Minister of the government of Lucio Gutiérrez. The two presidents were overthrown in popular protests in 2000 and 2005.

For having performed public functions during the government of Jamil Mahuad and for his work in the bank, Lasso was attacked for his alleged participation in the “holiday”. Ecuador’s public holiday took place on March 8, 1999 and lasted for five days. During this period, all financial operations have been suspended to prevent financial institutions from going bankrupt due to the massive withdrawal of funds from savers.

Eduardo Valencia, of the Commission of Inquiry into the Financial Crisis, created in 2007, to investigate the “public holiday”, told local media that among the beneficiary banks “The Bank of Guayaquil was not there, nor Guillermo Lasso“. Jamil Mahuad, in a 2020 interview, said that Lasso “did not participate in the decision to freeze funds“. When Mahuad decreed the holiday, Lasso was governor of Guayas.

In 2012, Lasso founded the Creando Oportunidades (CREO) movement, with which he participated three times to obtain the presidency of Ecuador.

Succession of the vice-president

Alfredo Borrero placeholder image, Vice President of Ecuador, also presented his affidavit to the State Comptroller General. Lasso’s pair has a net worth of $ 71,000. His debts reach $ 20,000.

Although in his statement he did not declare any properties such as houses or land, he did state two vehicles. One of them is a Citroën, bought on March 10, 2015, for $ 43,990 and one Hyundai, bought on April 18, 2018, for $ 34,850.

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