Banana Empire Heir Wins Ecuador's Presidential Runoff

Daniel Noboa's shortened term runs through May 2025
By Newser Editors and Wire Services
Posted Oct 16, 2023 12:00 AM CDT
Son of Banana Tycoon Wins Ecuador's Presidential Runoff
Supporters of presidential candidate Daniel Noboa celebrate the early results of the runoff presidential election, in Quito, Ecuador, Sunday, Oct. 15, 2023.   (AP Photo/Carlos Noriega)

Daniel Noboa, an inexperienced politician and an heir to a fortune built on the banana trade, won Ecuador's presidential runoff election Sunday held amid unprecedented violence that even claimed the life of a candidate. With about 96% of the votes counted, electoral officials said Noboa had 52.2% of the votes, compared to 47.8% for Luisa González, a leftist lawyer and ally of exiled former President Rafael Correa. González conceded defeat during a speech before supporters Sunday night and said she planned to call Noboa to congratulate him, the AP reports. Noboa, 35, will lead Ecuador during a period marked by unprecedented violence. Throughout the campaign, Ecuadorians, who now have to continuously watch their backs and limit how often they leave home, had a universal demand—safety.

Noboa's political career began in 2021, when he earned a seat in the National Assembly and chaired its Economic Development Commission. The US-educated businessman opened an event organizing company when he was 18 and then joined his father's Noboa Corp., where he held management positions in the shipping, logistics and commercial areas. His father, Álvaro Noboa, is the richest man in Ecuador thanks to a conglomerate that started in the growing and shipping of bananas—Ecuador's main crop—and now includes more than 128 companies in dozens of countries. The elder Noboa unsuccessfully ran for president five times. The new president's term will run only through May 2025, which is what remains of the tenure of President Guillermo Lasso. He cut his term short when he dissolved the country's National Assembly in May as lawmakers carried out impeachment proceedings against him over alleged improprieties in a contract by a state-owned company.

(More Ecuador stories.)

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