Brazil Is Losing More Millionaires Than the Rest of Latin America Combined

2026-02-05 - 18:25

Key Points Brazil is projected to lose 1,200 millionaires and $8.4 billion in 2025 — more than Mexico, Colombia, and Argentina combined — but official tax data suggests the real departure rate is under 1% of all millionaires annually. A sweeping tax reform, rising public debt, persistent urban violence, and deep political polarization are converging