Fabián Alarcón Net Worth

Background and career

Fabián Ernesto Alarcón Rivera (born 14 April 1947) is an Ecuadorian former politician who served as the 40th president of Ecuador from 1997 to 1998. He previously served as the president of the National Congress from 1991 to 1992 and again from 1995 to 1997.

When President Abdalá Bucaram was impeached on 6 February 1997, Alarcón, as president of the National Congress, became acting president. However, three days later on 9 February, Bucaram's vice president, Rosalía Arteaga, became president, causing a political crisis on who should succeed Bucaram. However, Alarcón became president again with support of Congress and the military, with Arteaga retaking her previous role as vice president.

In 1998, Alarcón called for general elections to be held where he did not participate. He was succeeded by Jamil Mahuad. Alarcón was arrested on corruption charges in 1999, but was later released. Until Rafael Correa in 2013, no other Ecuadorian presidents would serve a full term since Sixto Durán Ballén.