Luiz Inácio Lula da Silva best known as Lula, is a Brazilian politician, trade unionist and the president-elect of Brazil. He will become the 39th president of Brazil in 2023, and previously served as the 35th president from 2003 to 2010.
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Lula is known to be very wealthy with some speculating that he is a billionaire. However, according to a publication by Forbes, Lula is not close to being a billionaire but is worth millions of dollars.
Lula was a founding member of the left-wing Workers’ Party (PT) and ran unsuccessfully for president three times before achieving victory in the 2002 Brazilian general election. He was re-elected in 2006.
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After stepping down as Brazil’s president, Lula received about $100,000 for a 50 minutes speech to LG in 2011.
He has also given speeches to Microsoft , Tetra Pak, and has been paid by Brazil’s top construction companies, such as Odebrecht, to travel to six nations in Africa and give speeches to local executives.
In May 2021, Lula stated that he would run for a third term in the 2022 Brazilian general election, against the incumbent president Jair Bolsonaro.
He won and was elected president on 30 October 2022, defeating Bolsonaro in a close race.
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