An Bal Cavaco Silva Net Worth

Silva then went to Lisbon, where he took a vocational education course in accounting from Instituto Comercial de Lisboa (known today as Instituto Superior de Contabilidade e Administração de Lisboa (ISCAL)) in 1959. He went on to higher learning and gained a degree in economics and finance as well. He became active in politics only after the Carnation Revolution of April 1974, later that year joining the then-PPD political party. Aníbal Cavaco Silva was appointed Minister of Finance by Prime Minister Francisco Sá Carneiro in 1980 where he earned a reputation as an economic liberal and gradually dismantled regulations inhibiting free enterprise. In October 2005, Silva announced his candidacy for the 2006 presidential election. He is the first elected center-right President in Portugal since 1974. He is also the second former Prime Minister to be elected President, following in the footsteps of Mário Soares.