Brazil Gains 12 New Billionaires in 2017, as Inequality Grows

Brazilian billionaires' assets reached R$549 billion last year, up thirteen percent compared to 2016, while the poorest fifty percent of Brazil had their share of national income reduced from 2.7 to 2 percent.

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - A new report shows a historic increase in the number of billionaires globally last year, and even amidst an economic crisis Brazil has gained twelve more in the period, jumping from 31 to 43. Yet while Brazilian billionaires' assets are up thirteen percent compared to 2016, the poorest in Brazil saw a decrease in income.

The data is part of the report 'Reward work, not wealth', released today (January 22nd) by the British non-governmental organization Oxfam. The entity participates in the World Economic Forum, which starts tomorrow (January 23rd) in . . .

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