[1][2][3] Suplicy was a candidate for President of Brazil in the 2002 election, losing the Workers' Party (PT) nomination to Luiz Inácio Lula da Silva.

His mother is a granddaughter of Francesco Matarazzo, known for having created the largest industrial complex in Latin America in the early 20th century.

In 1966, he became professor of the Economics Department of the School of Business Administration of the Fundação Getúlio Vargas in São Paulo, where he still works until today.

In 1973, Suplicy concluded his PhD at Michigan State University with the thesis "The Effects of Mini devaluation in the Brazilian Economy", published in 1975 by the Fundação Getúlio Vargas.

In the 1998 elections for the Federal Senate, Eduardo Suplicy conquered the biggest poll for this position in the Country and the second greatest of the history of São Paulo, with 6,718,463 votes.

Suplicy also presented Bills of Law requiring the knowledgement of the main debtors to the Federal Budget, to the Labour Ministry, to the Social Security and Federal Government Saving Bank; creating the structure of the National Co-operative Society System; granting amnesty to the labor union representatives due to political motivations; instituting direct elections for substitutes of candidates to the Federal Senate and authorizing the Executive Power to create the Brazilian Citizenship Fund, among others.