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Ricardo Martinelli

Martinelli, Ricardo 1952–, Panamanian business executive and political leader. The son of Italian immigrants, he became the head of a successful supermarket chain and a multimillionaire; he also has investments in banking, real estate, and other businesses. Martinelli served in Panama's government as director of social security (1994–96) and minister of canal affairs and chairman of the Panama Canal Authority board (1998–2003), and in 1998 he founded the conservative Democratic Change party. He first ran for president in 2004, coming in fourth, but five years later he was elected to the office, having used his fortune to finance his campaign.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

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