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Solon[1] is my favorite example, and how I think a benevolent ruler should act; Write a good constitution and take a step back. I think Juan Carlos of Spain did something similar: "Expected to continue Franco's legacy, Juan Carlos, however, soon after his accession introduced reforms to dismantle the Francoist regime and begin the Spanish transition to democracy" [2].

[1] https://en.wikipedia.org/wiki/Solon [2] https://en.wikipedia.org/wiki/Juan_Carlos_I_of_Spain

Cincinnatus is the most famous, but not even the first Roman dictator to give up power. He was however, the first one to do so from the generation which never lived under the Kings of Rome, and had first hand experience with long term dictatorial power.

He was also known to the early Americans, who respected him so much they named the city of Cincinnati after him.

ah, this is very interesting! thanks!