0121 568 8793 [email protected]

Brazilian Millionaires to reach combined wealth of $1.3 trillion

September 17 2014

Brazil’s ever growing millionaire population will soar over the next five years, boosted by the success of the 2014 FIFA World Cup  and the highly anticipated 2016 Olympic Games.

WealthInsight, an independent research firm forecast a 22% increase in Brazilian millionaires by 2018 hitting a combined wealth of $1.3 trillion.

“Brazil’s high net worth individuals’ wealth has increased substantially, finding high levels of growth in real estate, which will be influenced further by the World Cup and Olympics over the next two years,” said WealthInsight analyst Tom Carlisle in the report. The knock-on effect could see improved investment in transportation networks increasing trade channels for Brazil and provide the smaller Brazilian cities with a chance to advertise their opportunities “which in turn will lead to increased opportunities in foreign direct investment.”

The comparison was made between the 2010 World Cup hosts South Africa, who saw its millionaires rise by 28% with a 163% leap in foreign direct investments. “Vast sums of capital were invested in infrastructure and technology, which has paved the way for the increase in transportation networks producing wealth,” wrote Carlisle.

Although Brazil did not win the World cup, the funds invested into the country’s infrastructure and development has paved the way for a successful 2016 Olympic Games, bringing in even more tourists worldwide.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Brazil corn exports hit a monthly record of 6.3 million metric tonnes in July

Corn exports from Brazil reached 6.316 million metric tonnes in July, a record figure since the country started exporting corn, according to the data published by Brazil’s trade department. Higher corn prices and an early soybean harvest allowed farmers...

Read More

Stay up to date

Sign up to our monthly newsletter:

Email Address

By signing up to our newsletter you indicate your consent to receiving email marketing messages from us. If you do not want to receive such messages, tick here: 

You can opt out any time via the unsubscribe link at the bottom of our newsletter or click here