Sebastian Pinera, the former president of Chile and a billionaire who served non-consecutive terms in office, died Tuesday in a plane crash, his office announced in a statement.
The statement said, "With deep regret, we announce the death of the former president of the Republic of Chile," noting that Pinera, 74, died in the Laugo Ranko area, a tourist destination located about 920 kilometers south of Santiago.
Pinera first assumed the presidency in 2010 for a four-year term, then returned to office succeeding Michelle Bachelet from 2018 to 2022, and was succeeded by Gabriel Boric.
Interior Minister Carolina Toha, quoted by Agence France-Presse following the news of Pinera's death, said he would "receive all the honor and appreciation he deserves."
Forbes magazine estimated his net worth at $2.4 billion.