Orlando Castro Llanes - From Communist To Capitalist

From Communist To Capitalist

He was born in Havana, Cuba, in 1925, and became active in politics. He was head of a wing of Cuba’s Communist Party until after the 1959 Cuban Revolution, when he allegedly quarrelled with Fidel Castro and left the country.

He moved to Venezuela, where he became an insurance salesman. He was successful at this, and rose to control a conglomerate of insurance companies, banks, real estate, and radio stations and newspapers. He was reputed to be one of the wealthiest men in Venezuela. His Grupo Empresas Latinamericanas included the Banco Progreso in Venezuela, the Banco Progreso Internacional de Puerto Rico, and the Banco Latinamericana in the Dominican Republic.

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