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UBS Report Shows Growth of Large Fortunes, High Wealth Concentration, and Heavy Debt Burden on Brazilians’ Assets
Brazil gained 9,215 new millionaires in 2025 and ended the period with 386,000 people possessing more than US$ 1 million.
The amount corresponds to approximately R$ 5.1 million.
The numbers are part of the Global Wealth Report 2026, released by UBS bank on June 30, 2026.
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The number of Brazilian millionaires grew by 2.4% compared to 2024.
The growth kept Brazil as the country with the largest number of millionaires in Latin America.
However, the expansion of large fortunes did not result in a more balanced distribution of national wealth.
Brazil Concentrates 43,000 Assets Above US$ 5 Million
The survey indicates that about 43,000 Brazilians own between US$ 5 million and US$ 100 million.
This group occupies an even more restricted range among holders of large assets.
The research analyzed wealth in 56 countries using statistical models and international economic databases.
The information was obtained from the International Monetary Fund, World Bank, United Nations, and Organization for Economic Cooperation and Development.
The calculation considers the sum of goods and investments, such as money, real estate, and financial applications.
Debts were deducted to identify each person’s net worth.
The values were also converted to dollars and adjusted for inflation and exchange rate fluctuations.
Brazil Appears Among Countries with Highest Wealth Concentration
Brazil occupies the fourth position among the most unequal markets evaluated by UBS.
The country recorded a Gini coefficient of 0.81, an indicator that reveals a strong concentration of wealth.
The result places Brazil tied with South Africa.
Russia and the United Arab Emirates appear in higher positions in the ranking.
Slovakia showed the lowest index in the sample, with 0.38.
Belgium and Qatar followed, with 0.46 and 0.47, respectively.
The Gini coefficient ranges from zero to one.
Values close to zero indicate a more balanced distribution.
Results close to one reveal a greater concentration of wealth among a few people.
Most Brazilians remain at the base of the wealth pyramid
About 69% of Brazilian adults have assets below US$ 10,000.
The amount is equivalent to approximately R$ 51,000.
The data shows that most of the population remains in the lower tiers of global wealth.
The combined wealth of Brazilian billionaires, on the other hand, grew by more than 50% during 2025.
The appreciation of existing assets helped drive this growth.
The emergence of new billionaires also contributed to the result.
The average wealth per adult in Brazil fell by 3.13% since 2020.
The calculation was made in local currency and discounted the effects of inflation.
Debt compromises a significant part of wealth
Debts represent 23.4% of the gross wealth of Brazilians.
This proportion is among the highest observed in the countries analyzed.
A significant portion of family assets remains, therefore, committed to financial obligations.
Financial assets account for 73.3% of the national gross wealth.
This category includes money in accounts, savings, stocks, bonds, investment funds, and private pensions.
Global wealth advanced 10.8% in 2025
Global personal wealth grew 10.8% in 2025.
The pace surpassed the performance recorded in the previous two years.
Almost 1 million people joined the global group of millionaires.
The total reached 57.5 million people with assets above US$ 1 million.
The United States accounted for almost half of this growth.
The number of billionaires also rose by 13.1% and reached 3,302.
The combined wealth of this group advanced by 25%.
Global growth was concentrated among the wealthiest
UBS highlighted that the expansion of wealth did not occur uniformly.
Median wealth fell in several markets analyzed.
The gains were largely concentrated among people with higher net worth.
Exchange rate variations also had a strong influence on the results.
The depreciation of the dollar against the euro increased the value of assets converted to the US currency.
This movement was mainly observed in European countries.
The appreciation in dollars, however, did not necessarily mean an equivalent growth of local economies.
What do the data reveal about wealth in Brazil?
The growth in the number of millionaires shows that some Brazilians increased their wealth in 2025.
The high concentration, however, reveals that the gains were restricted to smaller groups.
The drop in average wealth, indebtedness, and the large number of adults with less than $10,000 reinforce the imbalance.
The main challenge for Brazil goes beyond wealth creation.
Asset distribution and reducing the burden of debt also remain at the center of the debate.
What should be the country’s priority: increasing wealth generation or improving its distribution among the population?
