Former Chilean President Sebastian Piñera dies in a helicopter crash Death News

The 74-year-old billionaire businessman died in a car crash in the popular Lago Rancho holiday region in southern Chile.

Former Chilean President Sebastián Pinera, a billionaire who twice held the South American country’s highest office, died in a helicopter crash, his office said.

“It is with great regret that we announce the death of the former president of the Republic of Chile,” the statement said on Tuesday, adding that the 74-year-old Piñera died in the popular holiday area of ​​Lago Rancho, about 920 kilometers (570 kilometres) away. miles) south of Santiago.

Chilean Interior Minister Carolina Toha confirmed the death of the former president. No further details were immediately released about the cause of the accident.

Chile’s national disaster agency, SENAPRAD, confirmed that one person was killed and three others were injured. The government did not immediately identify those on board the plane.

Piñera, also a successful businessman, oversaw rapid economic growth and a sharp decline in unemployment during his first term as president from 2010 to 2014, at a time when many of Chile’s trading partners and neighbors were facing a sharp slowdown in growth.

His second presidency from 2018 to 2022 was marked by violent protests against inequality that led to accusations of human rights violations, and ended with the government promising to draft a new constitution.

Piñera had the fifth-largest fortune in Chile, estimated at $3 billion. He has worked as an academic at several universities for almost 20 years and as a consultant to the Inter-American Development Bank and the World Bank.

As an entrepreneur in the 1970s through the 1990s, he worked in a variety of industries, including real estate. He owned shares in major airlines as well as telecommunications, real estate and electricity companies. He also created one of the largest credit card companies in the country. In 2009, he handed over management of his business to others.

He entered politics representing the centre-right, which represented civilian support for the military regime. At the same time, he distanced himself from the rule of General Augusto Pinochet from 1973-1990, when more than 3,000 suspected leftists were killed or “disappeared.”

Pinera ran three times for president of Chile. In 2006, he lost to socialist Michelle Bachelet. Then in 2010, he defeated former president Eduardo Frei. Four years after his first term, in 2018, he won a second four-year term after defeating an independent leftist candidate.

Twelve days before the start of his first term, an 8.8 magnitude earthquake and tsunami claimed 525 lives and destroyed infrastructure in central and southern Chile.

The Piñera government’s agenda was postponed in order to take over the emergency reconstruction process. In 2010, he also led the unprecedented rescue of 33 miners who were trapped for 69 days at the bottom of a mine in the Atacama Desert, which captured global attention.

The event caused a sensation in the global media and was the subject of a 2014 film called The 33.

He closed his department after creating an estimated 1 million jobs.

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