After serving mainly because his country’s Minister of Finance, this People’s Alliance Party-turned-Independent politician took office mainly because fifth Chief executive of Iceland. He earned his 1st election in 1996 and, in 2012, started his 5th presidential term. After getting his doctorate in politics science through the College or university of Manchester, he started teaching in the College or university of Iceland. Through the past due 1970s and early 1980s, he offered the Reykjavik constituency in the Icelandic Althing (parliament). Following a loss of life of his 1st wife, Guorun Katrin Porbergsdottir, he wedded Israeli businesswoman Dorrit Moussaieff. His 1st marriage led to twins called Guorun and Svanhildur. In the first 1980s, he was one of the prominent liberal thinkers to enter a well-publicized controversy with the traditional American economist Milton Friedman.