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Last updated on April 21, 2014 at 10:19 EDT

Mexican Billionaires Beat Brazilians In Wealth

January 31, 2013

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               Country
                                                                     (US$ billion)
     ---                                                              ------------
            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


Source: PR Newswire