Real estate giant who whisperes to the Argentine president

Mining is one of the few economic sectors that is in the first year of presidential term Javier Mileiarecovered and grown, which the Argentinian real estate giant has made good Eduardo Elsztain. Although Elsztain has maintained open relations with previous governments, he does not hide public support and spiritual links with Mile.

Milei erected its operational center during the 2023 presidential campaign at the Libertador Hotel, owned by the largest real estate company in Argentina Irsa, and its president and general director is Elsztain. After the election, the Argentine president has lived in the hotel for another two and a half months. Elsztain was also one of the main initiators of Mileie's conversion to the Jewish faith, and together they also embarked on a spiritual path, writes El país.

From a small office to a luxury resort

Elsztain was born in 1960 in Buenos Aires. His grandfather, by nationality Polish, left Russia in 1917 and moved to Argentina, where he bought more land. The company Irsa, founded in 1943, initially operated from a small office. The turnaround, however, experienced in 1991, when Eduardo Elsztain took control of it and restructured it. He started investing in the real estate market; First by renting offices and then by building shopping centers.

Between 1997 and 1999, the company focused on the hotel market and acquired the famous LLAO LLAO resort in Bariloči. Elsztain also invested capital in the agricultural sector and bought Cresud, which owns about 800,000 hectares of land in Argentina, Brazil, Bolivia and Paraguay. In the 1990s, Irsa cooperated significantly with the Argentine state in managing the national mortgage bank. IRSA currently has about 800 employees and a market value of around € 1.1 billion.

Elsztain: Milei, a phenomenon that brings changes

Beneath Milei's administration the mining sector has flourished, which ELSZTAIN used to expand its investments. While many of the Argentine economy sectors were facing a decline, mining has grown. Through Austral Gold Limited, where the president has since 2007, Elsztain has already established himself in the acquisition of gold and silver in Argentina and Chile, as well as in the Republic of South Africa.

Mile's Government Measures, As tax reliefs under the Big Investment (Rigi) regime, they have further supported the mining sector. In addition, the record prices of gold, which in 2024 reached 2575 euros for 28.35 grams, also encouraged investments in mining. Analysts estimate that the price of gold could reach 2772 euros this year for 28.35 grams, which represents promising and relatively stable investmentov an uncertain Argentine economy, reports El país.

Elsztain called Milei as a « fresh phenomenon that brings changes » and expressed his belief that Milei's economic policy would benefit Argentina after decades of economic problems. Under Mile's Administration, many sectors are facing a decline, according to the statistical platform data Incident However, the mining and miner -meter sectors have experienced an increase of 7.1 percent in the last year.

Charged with drug trafficking

Peronist and former Argentine Minister of Economy Guillermo Moreno is Elsztaina in the January show on television C5N labeled one of the three main leaders Drug shops in Argentina, writes Punta alta. In the statement, he pointed out the luxurious parallel towers in the Rosario province, built by Elsztain's company, and stressed that they were empty. « They represent dirty money to people, they say 'white towers', » Moreno said, hinting at the cocaine store.

The statement of the former Minister of the Economy led to the public responses of the public and speculating Milei's potential involvement in drug trafficking, since the share of his presidential campaign was funded by Elsztain.