He was elected vice governor of São Paulo, Mário Covas's running-mate first in the 1994 election and then again in 1998. With the death of Covas, he assumed the governorship of the state of São Paulo in March, 2001, he continued Covas' policies, investing in large, state-run projects, health and education programs. All of these investments were possible through privatization programs that sold off public and state-owned companies. He was elected governor on October 27, 2002 for the 2003-2006 term, with 12 million votes (or 58.64%). His current administration is marked by a reduction in the state payroll from 49% to 46% of the state's budget, the unification of purchasing systems and other "smart spending" initiatives, as well as the implementation of Public-Private Partnerships (PPPs).
He is married to Maria Lúcia Ribeiro Alckmin and is the father of three children.
Contrary to all major polls taken in the run-up to the October 1, 2006 balloting, Alckmin surprised almost everyone and came in second place in the presidential election. His 41.64% of the vote
, along with votes cast for two, less significant candidates, as well as ballots that were left blank or spoiled, was enough to deny the simple majority necessary to re-elect incumbent President Luiz Inácio Lula da Silva (known by the nickname Lula) in the first electoral round. Lula and Alckmin faced one another in a run-off election on October 29, 2006, in which Alckmin actually lost votes in comparison to the first run, Lula was reelected the president of Brazil.
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