Business

How Brazil’s richest 10 percent contributes to country’s inequality

poverty income inequality
Inequality is growing in Brazil

Brazil is one of the world’s most unequal country. Its top 1 percent of wealthy individuals concentrates more revenue than anywhere else. The six wealthiest people in Brazil (all white males) have the net worth of 100 million poorer Brazilians combined. However, taking percentages of total revenue in a country does not tell the whole story. New research by Brazil’s Institute of Applied Economic Research could help us make a step forward.

Using a methodology reasonably new to the Brazilian socioeconomic literature, three researchers decided to...

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