Luis Abinader is a prominent politician and businessman from the Dominican Republic. Serving as the 54th President of the Dominican Republic, he has made a significant impact on the country’s political landscape. Luis Abinader net worth has been a topic of interest, given his successful career in both politics and business.
Let’s explore with Covemarkets about his net worth, early life, career highlights, and much more.
Quick Facts
| Full Name | Luis Rodolfo Abinader Corona |
| Popular Name | Luis Abinader |
| Gender | Male |
| Birthday | July 12, 1967 (Zodiac sign: Cancer) |
| Age | 55 |
| Parents | José Rafael Abinader (Father), Rosa Sula Corona Caba (Mother) |
| Birth Place | Santo Domingo, Dominican Republic |
| Nationality | Dominican |
| Education | Instituto Tecnológico de Santo Domingo, Harvard University |
| Marital Status | Married |
| Sexual Orientation | N/A |
| Wife/Spouse | Raquel Arbaje Soneh |
| Children | Esther Patricia, Graciela Lucía, and Adriana Margarita |
| Dating | N/A |
| Net Worth | $70 million |
| Source of Wealth | Business ventures, politics |
What is Luis Abinader Net Worth and Salary in 2023?
As of June 1, 2023, Luis Abinader’s net worth is estimated to be around $70 million. This substantial wealth was disclosed in a public declaration of assets he filed a month after being elected president in 2020. In terms of salary, as the President of the Dominican Republic, Abinader earns an annual salary of $98,304.00.
Why is Luis Abinader Famous?
Luis Abinader is famous for being the 54th President of the Dominican Republic. He gained widespread recognition for his victory in the 2020 presidential election, where he emerged as the leader of the Modern Revolutionary Party (PRM).
Abinader’s political career and his commitment to improving the socio-economic conditions of his country have made him a popular figure both within and outside the Dominican Republic.
Luis Abinader Biography Overview
Early Life
Luis Rodolfo Abinader Corona was born on July 12, 1967, in Santo Domingo, Dominican Republic. His parents, Rosa Sula Corona Caba and José Rafael Abinader, hail from the Cibao region. His father, a former senator and finance minister, played a significant role in shaping Abinader’s entrepreneurial spirit.
Education
Abinader received his secondary education at the Colegio Loyola (Spanish: Loyola High School), and he received his bachelor’s degree in economics from the Instituto Tecnológico de Santo Domingo (Spanish: Santo Domingo Institute of Technology).
In Cambridge, Massachusetts, he pursued postgraduate studies in Project Management at Hult International Business School (formerly known as the Arthur D. Little Institute).
He also attended Harvard University, where he studied Corporate Finance and Financial Engineering, as well as Dartmouth College in New Hampshire, where he studied Advanced Management.
Career and Awards
Luis Rodolfo Abinader Corona, is a renowned Dominican economist and politician. He has been serving as the 54th president of the Dominican Republic since 2020.
Before his presidency, Abinader was the general manager of Grupo Abicor, his family’s business consortium, which was initiated by his father, a former senator and finance minister. The conglomerate includes a real estate and construction company primarily focused on the tourism industry, a cement factory, and a private university.
Abinader’s political career began when he was elected vice president of the Dominican Revolutionary Party in its 2005 National Convention. He also served as the Modern Revolutionary Party candidate for President of the Dominican Republic in the 2016 and 2020 general elections.
His leadership skills were recognized by the Rhode Island General Assembly for his career in public service, education, and business. He also received acknowledgments from the City Hall of Boston and the Massachusetts Senate for his contributions to higher education, civic engagement, and community service.
Under his administration, the Dominican Republic has seen significant economic growth. Despite the ongoing COVID pandemic, the country’s economy is expected to grow by 11 percent this year, according to estimates by the Central Bank. This would be the best performance in nearly 30 years.
Much of the credit goes to policies implemented by President Luis Abinader. His successful handling of the country’s economy under challenging circumstances created by the COVID-19 pandemic has been widely acknowledged.
Abinader’s presidency has not been without controversy. In October 2021, he was named in the Pandora Papers leak. The investigation by the International Consortium of Investigative Journalists (ICIJ) found that Abinader is linked to two Panamanian companies (both created before Abinader became president of the country).
Despite these challenges, Abinader continues to lead the Dominican Republic with a focus on economic recovery, boosting investor confidence, and fighting corruption. His efforts have been largely successful, with over 60 percent of the population having received at least two vaccine doses.
He also faces the challenge of securing the country’s borders and promoting international awareness of the need to take collective action to help Haiti.
In conclusion, Luis Abinader’s career is marked by significant achievements in both the business and political sectors. His leadership has been instrumental in steering the Dominican Republic towards economic recovery amidst a global pandemic.
His commitment to public service, education, and business has earned him recognition and awards, solidifying his reputation as a dedicated leader.
Personal Life
Abinader has been married to Raquel Arbaje Soneh since 1995. They have three daughters: Esther Patricia, Graciela Lucía, and Adriana Margarita. His wife comes from a prominent business family of Lebanese descent, further solidifying Abinader’s connections within the community.
Social Media Accounts
FAQs about Luis Abinader
What is the source of Luis Abinader’s net worth?
Luis Abinader’s net worth primarily comes from his political career and business ventures. He has been involved in various sectors, including tourism and construction, which have contributed to his wealth.
What are Luis Abinader’s notable achievements?
Luis Abinader’s notable achievements include being elected as the 54th President of the Dominican Republic and his commitment to improving the country’s socio-economic conditions.
Is Luis Abinader affiliated with any political party? Yes, Luis Abinader is a member of the Modern Revolutionary Party.
What are some notable achievements of Luis Abinader?
Abinader successfully ran for President in the 2020 election, ending a 16-year administration by the previous party. He also played a crucial role in the economic development of the Dominican Republic through his involvement in various business ventures.
Conclusion
Luis Abinader’s net worth of $70 million reflects his success as an economist, businessman, and politician. From his early life to his rise to the presidency, Abinader has made significant contributions to the Dominican Republic.
With his dedication to economic growth and commitment to transparency and good governance, Abinader continues to shape the future of his country. As he leads the Dominican Republic into a new era, his influence and impact are sure to leave a lasting legacy. Thank you for reading.
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