Francisco de Narváez
| Francisco de Narváez | |
|---|---|
Francisco de Narváez in 2008
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| Preceded by | Néstor Kirchner |
| Member of the Argentine Chamber of Deputies | |
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Assumed office June 28, 2009 |
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| Personal details | |
| Born |
Francisco de Narváez September 22, 1953 Bogotá, Colombia |
| Nationality | Argentinian |
| Spouse(s) | Agustina Ayllón |
| Residence | Luján, Buenos Aires, Argentina |
| Occupation | Entrepreneur and Politician |
| Net worth | $500 million |
| Website | Official website |
Francisco de Narváez Steuer (born 22 September 1953 in Bogotá), known as El Colorado or Pancho, is a Colombian-born naturalized Argentine businessman, politician who ran for governor of Buenos Aires Province on the PRO ballot in the 2007 elections in Argentina. He is currently a member of the Argentine Chamber of Deputies.
De Narváez arrived in Argentina at the age of three. His father was a Colombian coffee merchant. His mother's family owned the Almacenes Tía chain of supermarkets, started by his grandfather, Karel Steuer, in Eastern Europe as 'Te-Ta'. Upon relocating to South America, it became a major chain. De Narváez began work there at the age of 17 years and was appointed Chief Executive in 1989, a position which he held for ten years. De Narváez eventually sold the Argentinean division of the company in 2002 for $638 million.
In 2002, his group bought 50% of La Rural, a major and historic exhibitions centre, and the additional 50% in 2005. In 2007 he bought one of Argentina's most important TV stations, América TV. He owns 20% of the El Cronista Comercial. In 1983, de Narváez took Argentine citizenship to vote for Raúl Alfonsín. His nickname in business and politics is "El Colorado", and his personal fortune has been estimated to be in excess of $500 million.
Following the 2001 crisis, he decided to enter politics and joined the Justicialist Party. He aided the presidential campaign of Carlos Menem in 2003 as a candidate for the position of Minister of Social Development. De Narváez ran from the political left, commenting that in office he would be a staunch welfarist. In July 2004 he then self-financed major commemorations around Argentina to celebrate the 30th anniversary of Peron's death.
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Wikipedia