As the 57th president of Mexico, from 1970 to 1976, Luis Echeverría Álvarez was a Mexican lawyer, professor, and politician who belonged to the Institutional Revolutionary Party (PRI). From 1963 to 1969, he served as the Interior Secretary. He was the oldest former head of state still alive when he passed away in 2022. Echeverría turned 100 on January 17, 2022, and passed away on July 8, 2022, at his Cuernavaca residence. On July 10, a private funeral service for him resulted in his cremation. Continue reading to learn more about Luis Echeverría net worth, spouse and cause of death.
Luis Echeverría net worth: How much does he earn from his career?
Considered to be one of the wealthiest and most well-known former president was Luis Echeverría Alvarez. Luis Echeverría Alvarez has a net worth of about $5 million, according to research done by various sources.
The Echeverría administration oversaw an economic catastrophe in its last months after decades of economic progress under his predecessors, becoming the first of a string of governments that experienced serious economic problems over the subsequent two decades. The nation’s external debt increased dramatically under his administration, rising from US$6 billion in 1970 to US$20 billion in 1976. By 1976, 31 cents of every dollar Mexico earned from exports had to go toward paying interest and amortization on the country’s external debt.
Successive governments kept the peso’s value at 12.50 to the dollar from 1954 and 1976. Due to the worsening economic conditions, the Echeverría administration depreciated the peso by 59.2% on August 30, 1976, making it worth 19.90 to the dollar. The peso was devalued again two months later, this time at a rate of 26.60 to the dollar. For the first time in 1975 and 1976, the balance of services, which had previously recorded surpluses and had been utilized to partially fund the negative trade balance, was in deficit.
Despite this, the Mexican economy expanded by 6.1%, and significant public works and infrastructure projects were finished after years of stagnation. During his presidency, Echeverría nationalized the barbasco business. The primary hormone found in the contraceptive pill was derived naturally from wild barbacoa. The state-run PROQUIVEMEX corporation was established at a time when Mexico’s significance to the sector was decreasing, leading to nationalization.
Who was México Ex-President Luis wife? How many kids did they have??
María Esther Zuno met Luis Echeverría at the home of the artists Diego Rivera and Frida Kahlo, with whom they were friends. The couple’s social circle also included the artists David Alfaro Siqueiros and José Clemente Orozco. After a five-year engagement, Zuno and Echeverría, a law student at the time, were married on 2 January 1945. The groom’s friend José López Portillo, a future president of Mexico, served as their witness.
Zuno was also known for her effort to support women’s rights and social welfare in Mexico. She also died in 1999, just days before her 75th birthday, of complications from diabetes. The couple had eight kids together: Luis Vicente, María del Carmen, Álvaro, María Esther, Rodolfo, Pablo, Benito, and Adolfo. The economist Álvaro Echeverría Zuno, who was his son, died by suicide on May 19, 2020, at the age of 71.
A short Biography: Famous lawyer family, age, education
Born in Mexico City, into a well-to-do family, Echeverría was the son of Rodolfo Echeverría Esparza, an army paymaster, and his wife, Catalina Alvarez Gayou. He graduated in law at the National Autonomous University of Mexico in 1945, and married María Esther Zuno, the daughter of a prominent party boss, in the same year.
He held posts in the navy and education departments before advancing to chief administrative officer of the PRI, organising the presidential campaign of Adolfo López Mateos (1958-64), and was thereafter rewarded by the succeeding president, Gustavo Díaz Ordaz, with the appointment as interior minister in 1964.
Luis Echeverría Alvarez: Former Mexican President dies at the age of 100?
On Saturday, the current president of Mexico, Andrés Manuel López Obrador, announced that the previous president of Mexico, Luis Echeverría Alvarez, had died at the age of 100. Luis Echeverría Alvarez was accused of being responsible for crimes in Mexico fifty years ago.
On Twitter, López Obrador expressed his condolences to Echeverría friends and family “in the name of the government of Mexico,” but he did not discuss the extent of his personal grief at Echeverría loss. Echeverría served as president of Mexico from 1970 to 1976. López Obrador did not reveal the cause of death for the former president. In 2018, Echeverría was brought to the hospital because of difficulties related to her lungs.