NEW YORK, April 13, 2011 /PRNewswire/ -- Wealth-X, the world's leading wealth intelligence firm, today announced the publication of its latest intelligence briefing, which describes the number of ultra high net worth individuals by wealth in Brazil.
According to the report, there are more than 4,725 individuals in Brazil worth more than US$30 million. In terms of total wealth, Brazil ranks number three in comparison to the other BRIC countries, following closely behind India. Brazil's collective net worth is at least US$890 billion when accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other investible assets.
The analysis finds that new ultra millionaires are growing at a rapid pace while the expanding Brazilian middle-class continues to be a bellwether for the countries overall economic success. There are more than 3,100 Brazilians worth between US$30 million and US$100 million, and another 630 worth between US$100 million and US$200 million. Their combined net worth: at least US$260 billion.
There are at least 50 billionaires in Brazil, and more than 200 individuals worth more than US$500 million. Those plutocrats are worth at least a combined US$420 billion, representing almost half of the collective net worth of all the ultra high net worth individuals in Brazil.
"Our research highlights the rising profile of Brazilian UHNW individuals and highlights the need for private wealth managers to place themselves at the focal point of this growth," says Wealth-X CEO Mykolas Rambus. "Brazil specifically presents another great opportunity for wealth and asset managers to strategically grow their business."
For a copy of the full report, please visit www.wealthx.com.
Wealth-X is the global leader in helping private wealth managers, luxury brands, not-for-profits and educational institutions prospect, understand and conduct wealth diligence on the UHNW. The firm's online business development solution is the worldwide standard for professionals working with the ultra-affluent. Wealth-X is the international authority on UHNW individuals, including their wealth, income, passions, philanthropic interest, affiliations, politics, advisors, families and biographies.