INSUBCONTINENT EXCLUSIVE:
Brazil added 19 new billionaires in 2024, yet this wealth expansion tells a story of stagnation rather than progress
Americas.The catch? Twelve of these nineteen newcomers simply inherited their fortunes
consumer goods.The numbers paint a clear picture
Yet it ranks only fourth in total wealth behind the United States ($5.8 trillion), Canada ($213 billion), and Mexico ($199
billion).Traditional sectors drive this wealth concentration
strategic investments in ethanol and wind power
(Photo Internet reproduction)This shortage of new wealth creators signals deeper economic barriers
Brazil needs stronger fiscal reforms and better regulations to unleash its entrepreneurial potential.Technology and innovation lag behind
inherited wealth into innovation.
