Much is up in the air in Latin America: Mexico may see its first-ever female president, the Argentine peso is collapsing amid the country?s highest inflation in three decades and Brazil?s new president Luiz In�cio Lula da Silva continues to wrestle with a deeply polarized political environment. But one thing is certain: billionaires in the region are booming, both getting richer on average and adding new members to their ranks. The average Latin American billionaire?s net worth rose by 23% on this year?s World?s Billionaires list, which also welcomed 21 new faces from the region, compared to just 1 last year. In all, Forbes found 110 members in Latin America, worth a combined $530 billion, up from $413 billion in 2023.

Source: Forbes May 07, 2024 13:46 UTC