Horacio Cartes

Horacio Cartes, born on July 5, 1956, is a prominent Paraguayan businessman and politician. He has made significant contributions to both the business and political landscapes of Paraguay. As the president of the Colorado Party since 2023, Cartes has been a central figure in shaping the party's direction and influence within Paraguayan politics.

Before his current role, Cartes served as the president of Paraguay from 2013 to 2018. His extensive business acumen is reflected in his ownership of approximately two dozen enterprises under the Grupo Cartes conglomerate, which spans various sectors including tobacco, soft drinks, meat production, and banking. His leadership in sports is notable as well; he was the president of Club Libertad football club from 2001 to 2012 and played a pivotal role in the Paraguayan national team during the 2010 FIFA World Cup qualification.

Cartes's financial success is underscored by a 2021 affidavit revealing his net worth to be four hundred ninety million dollars, positioning him among the wealthiest individuals in Paraguay. His political influence has given rise to a movement known as Cartismo, which has significantly impacted the Colorado Party and the broader political scene in Paraguay.

However, Cartes's political career has not been without controversy. Between 2022 and 2023, he was classified as 'significantly corrupt' by the United States, leading to economic sanctions due to allegations of involvement in transnational crime and terrorist organizations.