Brazil marks presence among the top ten large millionaires cities within BRICS, according to a report issued by WealthInsight, a British consultancy company which researches data about the wealth sector.
The report analyzes and points out the growth of wealth in the emerging markets by covering thirty cities. It considers the high net worth individuals, which means people who have 30 million dollars or more. The ranking is:
1 Beijing - China 1,318
2 São Paulo - BRAZIL 1,310
2 São Paulo - BRAZIL 1,310
3 Shanghai - China 1,028
4 Moscow - Rússia 821
5 Mumbai - Índia 577
6 Hangzhou - China 563
7 Rio de Janeiro - BRAZIL 550
8 Shenzhen - China 377
9 Belo Horizonte - BRAZIL 330
10 Brasília - BRAZIL 321
source: WealthInsight (Dec.2012)4 Moscow - Rússia 821
5 Mumbai - Índia 577
6 Hangzhou - China 563
7 Rio de Janeiro - BRAZIL 550
8 Shenzhen - China 377
9 Belo Horizonte - BRAZIL 330
10 Brasília - BRAZIL 321
Although China reaches the first place with Beijing and third place with Shanghai, respectively, São Paulo shows up in an expressive second place with 1,310 high net worth individuals, which represents more millionaires than in San Francisco, Washington and Miami together.
Besides Sao Paulo, the cities of Rio de Janeiro, Belo Horizonte and Brasilia are mentioned among the top ten. In total, Brazil appears with nine cities, surpassing India, with five as well as Russia and South Africa, both with two.
The forecast is that the millionaire population will grow fast in emerging markets, impacting directly the luxury market globally.
