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Of the 95 richest families in Brazil, 46 are ‘newcomers’; they were not on the list 10 years ago

Published by Folha de Pernambuco in 30/10/2023

If Brazil needs to accelerate social mobility to reduce inequalities, a small part of this adjustment is happening at the top of the pyramid, shows an unprecedented study by the Institute for Mobility and Social Development (IMDS), based on data from Forbes magazine’s traditional list of billionaires.

According to economist Paulo Tafner, CEO of IMDS, mobility at the base of the pyramid is the most important. However, this displacement among the super-rich is also relevant because it shows that there are more spaces for social ascension in business in the country. It fosters a renewal of the elite, forming new leaders capable of exerting influence on productive processes and politics, with less dependence on governments.

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