More than 9 thousand Brazilians will become millionaires in 2025, points out UBS

Brazil added more than 9 thousand new dollar millionaires throughout 2025 and consolidated its position as the country with the largest population of millionaires in Latin America.

Data from the Global Wealth Report 2026, prepared by UBS and released this Tuesday (30), show that the number of Brazilians with a net worth of more than US$1 million grew 2.4% in the last year, equivalent to 9,215 new millionaires. As a result, the country now has approximately 386 thousand people in this heritage range.

Despite the growth, Brazil appears only in 17th position among the markets that created the most millionaires in percentage terms, far from the countries that led the ranking, such as Lithuania, Turkey, Latvia and Hungary.

Although it expanded its base of high-income individuals, the pace of growth was lower than that observed in several smaller economies.

4th largest wealth inequality in the world
The survey highlights that Brazil is home to the largest population of millionaires in Latin America, surpassing Mexico, which has around 333 thousand individuals with millionaire wealth.

Regional leadership is directly related to the size of the Brazilian economy, but it also highlights a strong concentration of wealth in a small portion of the population. Brazil continues to occupy one of the worst global positions in wealth distribution.

According to the report, the country records a Gini coefficient of 0.81, an indicator used to measure wealth inequality. The closer to 1, the greater the concentration of wealth.

Among the 56 markets analyzed by UBS, only the United Arab Emirates, Russia and South Africa have levels equal to or higher than Brazil's.

Brazil appears ahead of economies such as the United States (0.77), Mexico (0.72), Chile (0.71), Germany (0.67) and the United Kingdom (0.59).

In practice, this means that a very small portion of the population holds a large part of the country's private wealth.

Brazil declines in average wealth
The data also shows that the increase in the millionaire population was not accompanied by a generalized improvement in the wealth of Brazilians.

Between 2020 and 2025, the average wealth per adult in Brazil fell 3.13%, already discounting inflation and considering values in local currency.

The result suggests that wealth growth occurred in a concentrated manner, benefiting mainly the highest income groups, while the population's average wealth declined.

In addition to average wealth, the report highlighted that Brazil's wealth range indicator also appears to reinforce the inequality scenario.

In 2025, around 69% of the Brazilian adult population still had assets worth less than US$10,000.

The percentage represents an improvement compared to the beginning of the 2000s, when almost 90% of Brazilians were in this wealth range.

However, the country has still not managed to recover the progress observed in 2010, when this proportion had fallen to approximately two-thirds of the population (66%) before growing again during the following decade.

Share of super-rich grows
The expansion of wealth also did not occur only among Brazilian millionaires.

According to the study, Brazil has approximately 43 thousand people with assets between US$5 million and US$100 million, a group that has shown average annual growth of close to 10% since the beginning of the 2000s.

In the last year, the joint wealth of Brazilian billionaires grew by more than 50%, driven both by the appreciation of assets and the increase in the number of members of this group, according to the report

Financial assets
Although the report does not present a specific analysis for Brazil, the indicators suggest that the appreciation of financial assets played an important role in the growth of wealth among families with the highest wealth.

According to UBS, 73.3% of the gross wealth of Brazilian families is concentrated in financial assets, such as investments, shares, investment funds and private bonds, one of the highest percentages observed among the countries analyzed.

*Under the supervision of Pedro Zanatta.

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Source: CNN