How Latin America's Richest Billionaires Made Their Money

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 Inácio 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.
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[@pinkeii]

Notice it's all about family

[@trooper1972]

Nu bank's Velez does not come from a rich family , but he had connections , his uncle owns a famous leather company in Colombia and he studied abroad (US)

[@paControl14]

This dude carlo slim is in another whole level

[@davehud2552]

I want to go to Brazil & Mexico 🤗❤️❤️❤️!!!

[@troyano-vision]

Economic Development (Desarrollo Economico)

[@chikanojuarez816]

👏👏👏👏

[@mcguerra100]

Only self made billionaire I see is Eduardo

[@Ultraricos]

Not entirely, his family is also wealthy.

[@jwjeieikwnwwn]

Eduardo Saverin's family began their family fortune with his grandfather, who founded a textile company in Brazil, which is why they sent him to study at Harvard. His father was also rich.

[@moomie1634]

It's a developing market. Not a lot of fast growth companies like we have here in the states. It'll get better as the countries grow, and companies like NuBank and MercadoLibre continue to grow those founders will see their wealth exceed these billionaires with ease.

[@dieterrouge8059]

People undermining some on the list because they inherited. Knowing the % of people who lost their fortune, it would be a safe bet to say that if those envious people inherit that kind of money they would lose it sooner rather than later.

[@exportintlexp6873]

#TXTM Tribe

[@tsancio]

If you want to know why it doesn't matter who gets elected in Chile, Brazil nor Mexico, be it from the Left (Boric, Lula, AMLO) or the Right (Piñera, Bolsonaro, Fox), it's because of the families. Unlike basket-case Venezuela, where each regime creates its own oligarchs, other LATAM countries have managed to create some economic stability by heeding to the interests of the established capital. Hence, each new government doesn't change much from its predecessor, in spite of the heated rhetoric.

[@alanguzman144]

I wish i had 1billion

[@MegaPlayamademexican]

All the women inherited their money. Pathetic. They need to be self made.

[@estevesmartins7935]

Carlos Slim looks 15 years younger. 🩸 transfusion for sure 😂😂