Number of Millionaires Grows in Brazil and Reaches almost 200 Thousand

World Wealth global report shows 7% growth in this population in 2019

São Paulo

The number of millionaires in Brazil grew 7% and reached 199 thousand in 2019. The information is from the World Wealth Report of 2020, published on Thursday (10) by the research institute Capgemini.

In gross numbers, Brazil is the 18th country with the largest number of millionaires, partly because of its size, as it sits behind rich countries like Sweden and Austria.

The United States, Japan, Germany, and China, the top four in the ranking, concentrate 61.6% of the so-called HWNI population (an acronym for individuals with high net worth, a person with investments above US$ 1 million). The United States has almost 6 million millionaires.

World Wealth global report shows 7% growth in this population in 2019 (Foto: Marcello Casal Jr./ABr)

From 2018 to 2019, the total of millionaires rose 8.8%, with an increase in all regions of the world. There are 19.6 million people, against 18 million in 2018. Wealth grew by 8.6% and represents US$ 74 trillion.

In Latin America, the increase was 2.7%. The greatest growth was registered in North America (10.9%), followed by the Middle East (9.3%).

It was the first time since 2012 that the Asia-Pacific region has not led the growth of wealth. North America registered an increase of 11%, while Latin America, 4.4%.

"Rising trade tensions and geopolitical turmoil required confidence in business, investment decisions, and global trade," said the report.

Translated by Kiratiana Freelon

Read the article in the original language