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Mexican Billionaires Beat Brazilians In Wealth

                Mexican Billionaires Beat Brazilians In Wealth

Wealth-X Unveils Top 10 Wealthiest Latin Americans List

PR Newswire

SINGAPORE, Jan. 30, 2013

SINGAPORE, Jan.30, 2013 /PRNewswire/ --Wealth-X, the ultra high net worth
(UHNW) business development solution for Global Private Banks, Luxury Brands,
Educational Institutions and Non-Profits, has released a list of the top 10
wealthiest Latin Americans.

Carlos Slim remains at the top of the list with a net worth of US$78.9
billion. Coming in second is Jorge Lemann, co-founder of 3G Capital, with a
net worth of US$19.2 billion. Alberto Bailleres Gonzalez, owner of Grupo Bal,
is ranked third with a net worth of US$19.1 billion.

Rank Name              Position   Company               Net Worth     Country
                                                        (US$ billion)
                                                                  
1    Carlos Slim       Founder    Grupo Carso           78.9          Mexico
2    Jorge Lemann      Co-Founder 3G Capital            19.2          Brazil
3    Alberto Bailleres Owner      Grupo Bal             19.1          Mexico
     Gonzalez
4    Luis Carlos       Chairman   Grupo Aval Acciones y 16.7          Colombia
     Sarmiento                    Valores
5    Eike Batista      Chairman   EBX                   14.7          Brazil
6    Dirce Camargo     Owner      Camargo Correa        14.1          Brazil
7    Joseph Safra      Chairman   Safra Group           11.6          Brazil
8    Marcel Telles     Co-Founder 3G Capital            8.4           Brazil
9    Carlos Alberto    Co-Founder 3G Capital            7.2           Brazil
     Sicupira
10   Ricardo Salinas   Chairman   Grupo Salinas         6.8           Mexico
     Pliego

The collective net worth of the top 10 wealthiest Latin Americans is US$196.7
billion, of which Mexican billionaires hold 53.3%.

Despite the wealth dominance of Mexican billionaires, they lag Brazil in UHNW
population numbers. Brazilian billionaires represent 60% of the UHNW
individuals (UHNWIs) on the list compared to Mexican UHNWIs who comprise 30%.

Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "While most
valuations of Latin American wealth are based on family holdings, this list
captures the wealth of individuals, resulting in the absence of famous names.
For example, Iris Fontbona, a noted UHNWI in Chile, failed to make the list."

"We expect to see exponential growth in intergenerational wealth transfers in
Latin America as ageing UHNWIs and a tradition of close family connections
shape wealth trends in the region," Mr. Rambus added.

For the full list and supplemental analysis, please visit:
http://www.wealthx.com/articles/2013/top-10-wealthiest-latin-americans-list

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW)
individuals globally. The firm's Wealth-X Professional solution is the
standard for banking, marketing and not-for-profit professionals working with
the ultra affluent. Wealth-X is headquartered in Singapore with offices in all
major financial centres.

For more information about Wealth-X, please visit: www.wealthx.com 

SOURCE Wealth-X

Website: http://www.wealthx.com
Contact: Wealth-X, +65 68325169, press@wealthx.com
 
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