Brazil Added 14,000 New Millionaires in 2018, Says Study

The group of those in Brazil who possess large wealth rose to 185,500, an increase of eight percent compared to 2017. The number of millionaires worldwide has dropped for the first time after seven consecutive years of advances.

RIO DE JANEIRO, BRAZIL - Last year, 14,000 Brazilians joined the group of those possessing assets above US$1 million (R$4 million), according to the Capgemini consultancy's annual report on world wealth. As a result, the number of millionaires in Brazil grew eight percent, from 171,500 people to 185,500.

The study considers the so-called HNWIs (high net worth individuals), who have fortunes above US$1 million, excluding housing, collectibles, and consumer durables.

It is the second consecutive year of increase in the number of millionaires in Brazil.

In spite of the increase in the number . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?