Brazil will gain 9,215 new millionaires in 2025, but remains among the most unequal countries in the world, says UBS

Who are the richest Brazilians according to Forbes' new list of billionaires
Brazil gained 9,215 new millionaires in 2025 and ended the year with 386,000 people with assets exceeding US$1 million (R$5.1 million), according to the Global Wealth Report 2026, released this Tuesday (30) by the bank UBS.
The advance represents a growth of 2.4% compared to the previous year and maintains the country as the one with the largest number of millionaires in Latin America.
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Despite the increase in the high-income population, the report shows that Brazil continues to be among the countries with the highest concentration of wealth in the world.
The country occupies 4th position among the 56 markets analyzed, with a Gini coefficient of 0.81, a level that indicates a strong concentration of wealth and puts it in a tie with South Africa, in addition to being just below Russia and the United Arab Emirates, which lead the inequality ranking.
At the other end, the most egalitarian countries in the sample are Slovakia (0.38), Belgium (0.46) and Qatar (0.47), where the distribution of wealth is more balanced among the population.
The Gini coefficient measures the level of inequality in the distribution of wealth in a country. When it is closer to 0, it indicates that wealth is better distributed among the population; when it approaches 1, it means that a small portion of people have most of the wealth, while the majority have little or almost nothing.
The study also points out that around 69% of the Brazilian adult population has assets of less than US$10,000 (around R$51,000), remaining at the base of the global wealth pyramid.
At the same time, the collective wealth of Brazilian billionaires increased by more than 50% in 2025, driven both by the appreciation of assets and the emergence of new billionaires.
Another data highlighted by UBS is the high level of debt. In Brazil, debts represent 23.4% of gross wealth, one of the highest proportions among the countries analyzed.
Financial assets - which include money in accounts, savings, shares, bonds, investment funds and private pensions - correspond to 73.3% of Brazilians' gross wealth.
The report also shows that, despite the growth in the number of millionaires, the evolution of the wealth of the population as a whole was more limited.
Since 2020, the average wealth per adult in Brazil has fallen 3.13%, when measured in local currency and discounting inflation.
Global wealth grows
In the world, personal wealth grew 10.8% in 2025, more than double the pace recorded in the previous two years
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In the world, personal wealth grew 10.8% in 2025, more than double the pace recorded in the two previous years, driven by the good performance of financial markets and the appreciation of non-financial assets.
With this advance, the planet gained almost 1 million new millionaires, bringing the total to 57.5 million people. The United States accounted for almost half of this growth.
The number of billionaires also increased, reaching 3,302, an increase of 13.1% compared to 2024. The combined wealth of this group increased by 25%.
Despite global expansion, UBS highlights that growth occurred unevenly. In many markets, median wealth fell, indicating that gains were concentrated among people with greater wealth.
According to the bank, exchange rate fluctuations also influenced the results. The devaluation of the dollar against currencies such as the euro boosted the growth of wealth, when converted to the American currency, especially in European countries.
The Global Wealth Report 2026, from UBS, estimates wealth in 56 countries using statistical models based on data from international organizations such as the International Monetary Fund (IMF), World Bank, Organization for Economic Co-operation and Development (OECD) and the United Nations (UN).
The study defines wealth as everything that people have in assets and investments (such as money and real estate), minus debts. Data is presented in dollars and adjusted for inflation and exchange rates to facilitate comparisons between countries.
The report also differentiates mean and median wealth, uses the Gini coefficient to measure inequality and separates assets into financial (such as money and investments) and non-financial (such as real estate).

Source: G1