Daniel Noboa, heir to banana fortune, seems likely winner in Ecuador’s presidential runoff election

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Daniel Noboa, heir to banana fortune, seems likely winner in Ecuador’s presidential runoff election
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QUITO, Ecuador (AP) — Daniel Noboa, an inexperienced politician and an heir to a fortune built on the banana trade, seemed headed to victory in Ecuador’s presidential runoff election Sunday.

With 93% of the votes counted, electoral officials said Noboa held a 4 1/2-point lead over Luisa González, a leftist lawyer and ally of exiled former President Rafael Correa.

His father, Álvaro Noboa, is the richest man in Ecuador thanks to a conglomerate that started in the growing and shipping of bananas — Ecuador’s main crop — and now includes more than 128 companies in dozens of countries. The elder Noboa unsuccessfully ran for president five times. The election comes as more Ecuadorians become victims of drug-related violence that erupted roughly three years ago and intensified in August, when a presidential candidate was assassinated in broad daylight. People continuously watch their backs and limit how often they leave home. The uneasiness even pushed Noboa to add a bulletproof vest to his daily outfit.

The spike in violence is tied to cocaine trafficking. Mexican, Colombian and Balkan cartels have set roots in Ecuador and operate with assistance from local criminal gangs. Noboa, 35, is an heir to a fortune built on Ecuador’s main crop, bananas. His political career began in 2021, when he won a seat in the National Assembly and chaired its Economic Development Commission. He opened an event organizing company when he was 18 and then joined his father’s Noboa Corp., where he held management positions in the shipping, logistics and commercial industries.

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