Carlos Andrés Pérez Net Worth

Background and career

Carlos Andrés Pérez Rodríguez (27 October 1922 – 25 December 2010), also known by his initials CAP and often referred to as El Gocho (due to his Andean origins), was a Venezuelan politician who served as the 47th and 50th president of Venezuela from 1974 to 1979 and again from 1989 to 1993. He was one of the founders of Acción Democrática, the dominant political party in Venezuela during the second half of the twentieth century.

After the fall of dictator Marcos Pérez Jiménez and returning from exile, Pérez served as the interior affairs minister for Rómulo Betancourt between 1959 and 1964, when he became known for his tough response against guerrillas. His first presidency was known as the Saudi Venezuela due to its economic and social prosperity thanks to enormous income from petroleum exportation. However, his second presidency saw a continuation of the economic crisis of the 1980s, a series of social crises, widespread riots known as the Caracazo and two coup attempts in 1992. In May 1993 he became the first Venezuelan president to be impeached by the Supreme Court on charges for the embezzlement of 250 million bolívars (roughly 2.7 million US dollars) belonging to a presidential discretionary fund, whose money was used to interfere in the 1990 Nicaraguan general election and hire bodyguards for President Violeta Chamorro.