Mexican Billionaires Beat Brazilians In Wealth Wealth-X Unveils Top 10 Wealthiest Latin Americans List

SINGAPORE, Jan. 30, 2013 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, has released a list of the top 10 wealthiest Latin Americans.

Carlos Slim remains at the top of the list with a net worth of US$78.9 billion. Coming in second is Jorge Lemann, co-founder of 3G Capital, with a net worth of US$19.2 billion. Alberto Bailleres Gonzalez, owner of Grupo Bal, is ranked third with a net worth of US$19.1 billion.

Rank

 

Name

 

Position

 

Company

 

Net Worth
(US$ billion)

Country

 

1

Carlos Slim

Founder

Grupo Carso

78.9

Mexico

2

Jorge Lemann

Co-Founder

3G Capital

19.2

Brazil

3

Alberto Bailleres Gonzalez

Owner

Grupo Bal

19.1

Mexico

4

Luis Carlos Sarmiento

Chairman

Grupo Aval Acciones y Valores

16.7

Colombia

5

Eike Batista

Chairman

EBX

14.7

Brazil

6

Dirce Camargo

Owner

Camargo Correa

14.1

Brazil

7

Joseph Safra

Chairman

Safra Group

11.6

Brazil

8

Marcel Telles

Co-Founder

3G Capital

8.4

Brazil

9

Carlos Alberto Sicupira

Co-Founder

3G Capital

7.2

Brazil

10

Ricardo Salinas Pliego

Chairman

Grupo Salinas

6.8

Mexico

The collective net worth of the top 10 wealthiest Latin Americans is US$196.7 billion, of which Mexican billionaires hold 53.3%.

Despite the wealth dominance of Mexican billionaires, they lag Brazil in UHNW population numbers. Brazilian billionaires represent 60% of the UHNW individuals (UHNWIs) on the list compared to Mexican UHNWIs who comprise 30%.

Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "While most valuations of Latin American wealth are based on family holdings, this list captures the wealth of individuals, resulting in the absence of famous names. For example, Iris Fontbona, a noted UHNWI in Chile, failed to make the list."

"We expect to see exponential growth in intergenerational wealth transfers in Latin America as ageing UHNWIs and a tradition of close family connections shape wealth trends in the region," Mr. Rambus added.

For the full list and supplemental analysis, please visit: http://www.wealthx.com/articles/2013/top-10-wealthiest-latin-americans-list

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW) individuals globally. The firm's Wealth-X Professional solution is the standard for banking, marketing and not-for-profit professionals working with the ultra affluent. Wealth-X is headquartered in Singapore with offices in all major financial centres.

For more information about Wealth-X, please visit: www.wealthx.com   

SOURCE Wealth-X



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