Conservative outsider Abelardo de la Espriella, a millionaire political neophyte, will be Colombia's next president after electoral authorities on Wednesday declared him the winner of Sunday's runoff election.

Axar.az informs, citing CBS news, the businessman and lawyer, whose ventures include a clothing line, wine and rum brands, and a restaurant, earned President Trump's endorsement despite never having run for office.

He defeated progressive lawmaker Ivan Cepeda by 1 percentage point, or more than 251,000 votes.

De la Espriella, 47, will begin a four-year term Aug. 7.

More than 26 million people voted in the polarizing runoff, setting a historic record. Of those, over 426,000 people chose a third, no-name option on the ballot that allows voters to express dislike of both candidates. About 29,000 people cast blank ballots.

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