Mr. Daniel Noboa stands next to his wife Angela Valbonesi and speaks after hearing the election results.
Reuters reported on October 16 that candidate Luisa Gonzalez admitted defeat in the election to her opponent Daniel Noboa (36 years old), who became Ecuador's youngest president-elect.
Mr. Noboa won more than 52% of the vote, while Ms. Gonzalez, 46, won 48% after about 90 ballot boxes were counted. The election attracted much attention because there will be one of two possibilities: Ecuador will have its youngest president or its first female president. Mr. Noboa was born on November 25, 1987.
Many Ecuadorians in the capital Quito rushed into the streets on the evening of October 15 and honked their car horns in a lively atmosphere to celebrate the victory of Mr. Noboa, a businessman who inherited his father's large fortune in the banana export sector.
His father is Alvaro Noboa, a businessman who owns the Noboa Group and is one of the richest men in Ecuador. The group has more than 110 companies in Ecuador and many other countries, including branch offices in the United States, Italy, Japan, Argentina, New Zealand and elsewhere.
Alvaro Noboa himself ran for president in 1998, 2002, 2006, 2009 and 2013, but was unsuccessful. In 2007, he was elected to Congress . The businessman said he was worth at least $1 billion.
The October 15 election ran smoothly for 10 hours with no reports of violence. About 100,000 police and soldiers were deployed to ensure security. Noboa and Gonzalez wore bulletproof vests to vote, just weeks after a rival was murdered.
Fernando Villavicencio, a former congressman and anti-corruption journalist, was shot dead in the Ecuadorian capital Quito on August 9. Seven suspects were arrested but later killed in prison.
President-elect Noboa has pledged to prioritize tackling escalating violence. Ecuador has seen violence flare up in recent years as gangs linked to Mexican and Colombian cartels vie for control.
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