Rafael Correa Net Worth (Updated 2025).

Rafael Correa, a charismatic and influential figure in Latin American politics, embarked on his career trajectory in the realm of economics. Born in Ecuador, he completed his undergraduate studies in economics at the University of San Francisco de Quito before furthering his education in the United States. Correa earned a Master’s degree in economics from the University of Illinois at Urbana-Champaign and later pursued a Ph.D. in economics at the University of Wisconsin-Madison, where he specialized in economic development and debt crises. His academic prowess and passion for economic reform would soon propel him into the political limelight.

Upon completing his doctorate, Correa returned to Ecuador in the early 2000s, a time marked by political instability and economic turmoil. He initially served as Minister of Finance under President Lucio Gutiérrez, implementing progressive economic policies that aimed to reduce poverty and inequality. However, political disagreements led to Correa’s resignation in 2005. Undeterred, he ran for president in the 2006 elections, capitalizing on his reputation as an economist who could turn around Ecuador’s ailing economy. His campaign, centered around the themes of change, reform, and social justice, resonated with the electorate, and he was elected president with a substantial majority. Thus began Correa’s rise to fame, marked by his bold economic policies and transformative leadership.

Rafael Correa’s Net Worth in 2025

As of 2025, Rafael Correa’s net worth is estimated to be around $50 million, according to Forbes. This figure reflects his earnings from his political career and other ventures.

Rafael Correa’s Career

Rafael Correa, a prominent Ecuadorian politician, served as the President of Ecuador from 2007 to 2017. He is known for his left-wing policies, including increased government spending on social programs and infrastructure. Before his presidency, Correa worked as an economist for the United Nations and the International Monetary Fund.

Other Ventures

After leaving office, Correa has been involved in various political and academic pursuits. He has taught at several universities, including the University of Paris and the Andean University of Ecuador. He has also been an active critic of the Ecuadorian government, often speaking out against what he sees as political repression and corruption.

Assets

Correa’s assets include several properties in Ecuador, as well as investments in various industries, such as oil and real estate. He also owns a private jet, which he uses for both personal and political purposes. His exact asset portfolio is not publicly disclosed.

Annual Income

As a former president, Correa receives a pension from the Ecuadorian government. However, his exact annual income is not publicly known. He also earns money from his academic work and political consulting. His income from these sources varies and is not consistently reported.

Frequently Asked Questions about  Rafael Correa

Frequently Asked Questions: Rafael Correa Net Worth

1. What is Rafael Correa’s net worth?

Rafael Correa’s net worth is estimated to be around $10 million.

2. How did Rafael Correa make his money?

Rafael Correa made his money primarily through his political career. He served as the President of Ecuador from 2007 to 2017. Before that, he was an economist and a professor at various universities.

3. What is Rafael Correa’s political background?

Rafael Correa is a left-wing politician who served as the President of Ecuador for ten years. He is known for his policies that focused on reducing poverty and inequality, and for his stance against neoliberalism.

4. What happened to Rafael Correa after he left office?

After leaving office in 2017, Rafael Correa moved to Belgium with his family. He has been involved in politics from abroad, supporting his former vice president, Lenin Moreno, and later criticizing him. He also teaches at universities in Belgium and Ecuador.

5. Has Rafael Correa been involved in any controversies?

Yes, Rafael Correa has been involved in several controversies during and after his presidency. These include allegations of corruption, human rights abuses, and attempts to restrict press freedom. He has also been accused of using his position to benefit his family and friends.

6. What is Rafael Correa’s stance on corruption?

Rafael Correa has publicly stated that he is against corruption and has implemented policies aimed at fighting it. However, he and his administration have been accused of corruption, and several of his former ministers have been arrested on corruption charges.

7. How has Rafael Correa’s net worth changed over time?

Rafael Correa’s net worth has likely increased significantly since he took office as President in 2007. However, it’s difficult to pinpoint exact figures as his wealth has not been publicly disclosed.

8. What is Rafael Correa’s relationship with other Latin American leaders?

Rafael Correa is known for his close relationship with other left-wing leaders in Latin America, such as Hugo Chávez of Venezuela and Evo Morales of Bolivia. He was also a member of the Community of Latin American and Caribbean States (CELAC).

9. What are Rafael Correa’s future political plans?

Rafael Correa has stated that he does not plan to run for president again in Ecuador. However, he has not ruled out the possibility of running for other political offices or continuing to be involved in politics from abroad.

10. What is Rafael Correa’s stance on environmental issues?

Rafael Correa has been criticized for his environmental policies, particularly his support for oil and mining projects in the Amazon rainforest. However, he has also implemented policies aimed at protecting the environment, such as creating new national parks and promoting renewable energy.