SANTIAGO, Jan. 17 (Xinhua) -- Sebastian Pinera, candidate of Chile's right-wing opposition, won the second round of the country's presidential election on Sunday.

    He garnered 51.6 percent of the vote after 99.2 percent of the vote were counted, compared with the 48.3 percent for Eduardo Freiof the ruling coalition, Deputy Interior Minister Patricio Rosende announced.

    Pinera will succeed President Michelle Bachelet on March 11, 2010.

    Pinera, candidate for the Coalition for Change, was born in December 1949 in Santiago. The billionaire businessman is the partner of several major enterprises in Chile, including the airline LAN Chile and the publisher Los Andes.

    Pinera studied economics in Chile's Catholic University and gained master's degree in Harvard University.

    He had served as Chile's ambassador to Belgium and to the United Nations before entering the Senate from 1990 to 1998.

    He was president of the National Renewal Party from 2001 to 2004.

    He ran for the presidential election of 2005 as the candidate of the National Renewal Party, finishing in second place with 25.4percent of the vote.

    This time, Pinera centered his presidential campaign on offering a "change" to end the center-left governments of the country.

    He married with Cecilia Morel Montes and has four children.