Thursday, August 30, 2018

The 10 richest Latin Americans

Check the list of the ten largest Latin Americans based on data from Forbes here.  Several aspects of the list are interesting:


  • There is just one woman in the list, whose income come from her late husband. Latin America's business elite is even more male-oriented than in developed countries.
  • The list is dominated by Brazil (five) and Mexico (three).  This has less to do with the dynamism of these economies and more to do with the combination of size and inequality.
  • As expected, their main interests are in relatively traditional sectors, including finance, mining, and food processing.  The dominance of these sectors would be even more evident if we took a longer lists of the richest Latin Americans and main business groups.  
It would be interesting to do more research on their origins of their wealth as well as the way they have become transnational actors.  This is particularly evident in the case of Brazil, where 3G capital (a global investment firm with links to Buffet and interests across the developed and the developing world) constitutes the main source of wealth for 3 of the men in the list.

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