Number of Millionaires in Brazil Decreases by 6.4 Percent

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Facing one of the worst economic crisis in decades and a series of political scandals, Brazil lost approximately twelve thousand HNWI (high net worth individuals), or super-rich, in 2015, according to a study conducted by Capgemini. The study shows that the number of Brazilian HNWI fell from 161,200 in 2014 to 148,500 last year.

“A fall in commodity prices, the slow pace of reforms by the re-elected government, and a corruption scandal at the country’s state-owned energy firm brought equity markets down by 17 . . .

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