Horacio Manuel Cartes Jara is a Paraguayan politician and businessman who is serving as president of the Colorado Party since 2023, having previously served as president of Paraguay from 2013 to 2018. Cartes owned about two dozen businesses in his Grupo Cartes conglomerate until he left the conglomerate in 2023, including tobacco, soft drinks, meat production, and banking. He was president of Club Libertad football club from 2001 until 2012, and president of the national team inside the Paraguayan Football Association during the 2010 FIFA World Cup qualification. Between 2022 and 2023, he was classified as "significantly corrupt" and as a result subsequently subjected to economic sanctions by the United States, which accuses him of involvement in transnational crime and terrorist organizations.

Alfredo Stroessner Matiauda was a Paraguayan army officer, politician and statesman who served as President of Paraguay from 15 August 1954 to 3 February 1989. Stroessner led a coup d'état on 4 May 1954 with the support of the army and the Colorado Party, with which he was affiliated. After a brief provisional government headed by Tomás Romero Pereira, he was the Colorado Party's presidential candidate for the 1954 general election, and was elected unopposed since all other parties were banned from 1947 to 1962.