SÃO PAULO — Brazil now boasts the most multi-millionaires in Latin America and is ranked tenth in the world, according to a study reported by local media.
The study by Johannesburg-based wealth consultancy New World Wealth also showed that São Paulo, Brazil’s biggest city and business center, is the world’s 17th for multi-millionaires, defined in the report as having more than $10 million in net assets.
Currently the world’s seventh largest economy, Brazil has 10,300 multi-millionaires, of which 4,400 are concentrated in São Paulo and a further 2,200 in Rio de Janeiro, putting the “Marvellous City” in 27th position globally.
Ben Tavener 