David Panuelo Net Worth 2023, Age, Wife, Children, Height, Family, Parents, Salary

Read about David Panuelo net worth, age, wife, children, height, family, parents, salary and party as well as other information you need to know.

Introduction

David Panuelo is a Micronesian politician who is serving as the president of the Federated States of Micronesia. His term started on May 11, 2019.

Early life

David W. Panuelo was born on April 13, 1964 (age 59 years) in Pohnpei, Micronesia. He completed much of his early education. He went to college in the United States, earning a BA in political science from Eastern Oregon University in 1987.

Career

David Panuelo was appointed in 1988 as the deputy ambassador for the Micronesian embassy in Fiji where he served until 1993. In 1993 he was appointed to serve at the Micronesian Mission to the United Nations, a position he held until 1996. In 1997, Panuelo was named the director of the Department of Resource Management and Development for the State of Pohnpei, a position he held until 2001.

Panuelo resigned from government work to work in the private business sector from 2003 to 2010. On May 11, 2011, Panuelo was elected as a two-year Senator from Pohnpei State’s Congressional District Three. He was re-elected unopposed in both 2013 and 2015. In 2019 Panuelo was elected as president of Micronesia. In his inauguration address, President Penuelo’s central theme was “Taking Actions Today for Our Nation’s Prosperity Tomorrow.”

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He further committed that “the Panuelo-George administration will be transparent, open, and accountable.” Though the US provides for Micronesia’s defense and security and provides “a substantial percentage of the FSM national and state governments’ budget expenditures” in the form of annual economic assistance, President Panuelo has been outspoken in his support for China.

In March 2022 Panuelo characterized China, with its de facto one-party state status, “as paragon examples of peace, friendship, cooperation, and love in our common humanity.” President Panuelo has characterized himself as “a sincere friend of China” and the Chinese Communist Party (CCP) as “our very dear Chinese friends.”

The Panuelo administration has also sought to “strengthen and renew its relations with the People and Government of Cuba” and the President has called for an end to the United States embargo against Cuba. In response to a meeting between United States President Joe Biden and Xi Jinping, General Secretary of the Chinese Communist Party, President Panuelo declared that individual Americans needed to participate in “genuine People-to-People engagement” themselves.

David Panuelo claimed such engagement would convince US citizens of how “the Chinese People are adept at demonstrating peace, friendship, cooperation, and love in our common humanity.” In contrast to his laudatory comments about China, and the CCP, President Panuelo has alternatively sought to emphasize long-standing defense agreements when speaking with American audiences, noting specifically that “the United States regards our country as part of the homeland, and we regard ourselves as part of the homeland.”

This “homeland” reference is based on the fact that “the United States has full authority and responsibility for defense and security matters in and relating to the FSM.” Further comments by the President, as the expansion of US financial assistance continued, alluded to the large number of Micronesian citizens within the US military, with Panuelo noting that “our Micronesian men and women die for the same freedoms as any other American in the U.S. Armed Forces”

Through the use of National Declarations and Executive Orders, President Panuelo kept the nation of Micronesia closed for two and a half years during the COVID-19 pandemic. The large number of Micronesians stranded outside the nation faced enormous financial and emotional challenges. Ultimately, only a handful of Micronesians already abroad were able to return to the country, and they were subjected to strict quarantine and isolation protocols.

David Panuelo himself traveled extensively during this period to and from the Federated States of Micronesia, including visits to Guam, Hawaii, Washington DC, Oregon, New York, and Fiji. He also traveled within the FSM, to the States of Yap and Kosrae, transiting through Guam enroute. At no point did he stay in a designated and mandated quarantine facility upon return to Micronesia but rather the President “quarantined at home,” and in at least one instance he departed on an additional international trip during the designated quar antine period.

Panuelo’s chief economist, Robert Solomon, was arrested in late 2021 and charged with multiple counts of solicitation, sexual abuse, human trafficking, prostitution and kidnapping. Solomon was arrested in his home in Dolonier village, along with an alleged conspirator, over allegations they forced three teenage girls into prostitution.

President Panuelo, who had described human trafficking as “the elephant in our proverbial room,” explained in a public statement following Solomon’s arrest that “what I want to make clear is that the Government, which is comprised of people, is imperfect.”

In 2017, when Panuelo was serving as a member of Congress, he took a point of personal privilege, standing to address the chamber and praise Solomon. Panuelo explained to fellow legislators at the time that Solomon was “a good neighbor of mine.” and “our Economist who is helping us in many ways.” Then-Congressman Panuelo was serving as chair of the Resources and Development Committee, which holds oversight responsibilities for the FSM Department of Finance, where Solomon was formally based.

After the election, President, Panuelo nominated Rob Solomon to serve as his Secretary for the Department of Transportation, Communications and Infrastructure. The appointment of Solomon, a citizen of New Zealand, to lead a Micronesian federal agency spurred questions during confirmation hearings.

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In the fall of 2019, the Micronesian Congress defeated Panuelo’s nomination of Solomon to serve as a cabinet secretary. Despite the defeat of the nomination, Solomon continued to advise and serve President Panuelo and his administration, often speaking or answering questions alongside, or in place of, President Panuelo, the Vice President or agency secretaries in the months leading up to his arrest.

Wife

David Panuelo is married to his wife Patricia Edwin, they had their wedding in Micronesia. David and his wife Patricia have five children and seven grandchildren. The couple once also resides in Dolonier, a small village within the municipality of Nett.

David Panuelo net worth

How much is David Panuelo worth? David Panuelo net worth is estimated at around $3 million. His main source of income is from his primary work as a politician. David Panuelo’s salary per month and other career earnings are over $320,000 dollars annually. His remarkable achievements have earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential politicians in Australia. David Panuelo stands at an appealing height of 1.75m and has a good body weight which suits his personality.