For many Salvadorans, the names on the list may have changed, but the structure has not. The same last names still appear on the boards of the country’s most powerful corporations. The same neighborhoods produce nearly every finance minister. And the same fear of land reform—first forged in 1932—still haunts political debate.
As one San Salvador street vendor put it: “Pueden cambiar los nombres, pero los dueños siguen siendo los mismos.” (“The names may change, but the owners remain the same.”) A mirror held up to El Salvador’s unfinished revolution—and a reminder that oligarchy is not just a group of people, but a system that keeps reinventing itself. 14 families of el salvador
Yet Bukele himself has courted many of the same business groups, and his administration has not pursued serious antitrust or land reform. Some of the 14 families’ descendants have quietly adapted, diversifying into logistics, energy, and even crypto services—while maintaining their seats on private club boards in San Benito and Santa Elena. For many Salvadorans, the names on the list
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