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August 28, 2024

Forbes: Brazil's Billionaires, Santa Catarina 3rd in the Ranking

The state of Santa Catarina stands out in a surprising way in the Brazilian economic landscape, establishing itself as the third state with the highest number of billionaires. According to the most recent ranking by Forbes Brazil.

Santa Catarina's rise in the ranking of Brazilian billionaires

With a total net worth of nearly R$140 billion, Santa Catarina demonstrates its economic strength. Firstly, due to the presence of companies that have become veritable billionaire factories, such as WEG, located in Jaraguá do Sul.

Santa Catarina's billion-dollar strength driven by WEG

Much of Santa Catarina's success in the rankings Forbes can be attributed to WEG, a company that has become an economic pillar of the state. Founded in 1961 in Jaraguá do Sul, WEG has grown exponentially, becoming one of the world's largest manufacturers of electric motors and industrial automation solutions, impacting the entire state.

Currently, 29 of Santa Catarina's 34 billionaires have a direct connection to WEG, either as heirs or shareholders. This illustrates how a single company can significantly impact a region's economy, creating wealth not only for its founders but also for several subsequent generations.

Billionaires from Santa Catarina featured in the Forbes 2024 ranking

Among the billionaires from Santa Catarina listed in the ranking of Forbes 2024, some names stand out for their rapid rise, as well as for maintaining significant fortunes:

  • Alceu Elias Feldmann: Founder and controlling shareholder of Fertipar, Feldmann is now the richest person in Santa Catarina, with an estimated fortune of R$18.36 billion. His rise has been meteoric, with his fortune growing by R$421 billion in just one year.
  • Luciano Hang: Known for his controversial stance and for being the owner of the chain of stores Havana, Hang saw his fortune decrease by R$261,150, now totaling R$12 billion. Despite the decline, he remains one of the most influential figures in the state.
  • Anne Werninghaus: Heiress of the WEGAnne Werninghaus currently ranks third among the richest in Santa Catarina, with a cumulative fortune of R$6.96 billion. Her presence in the ranking demonstrates WEG's continued influence on the list of the wealthiest.

In addition to these names, other Santa Catarina natives also stand out in the economic scene without direct links to WEG, such as Jaimes Almeida Junior, owner of a chain of shopping centers, Itamar Locks, from Amaggi, and Jorge Luiz Savi, from Intelbras.

The concentration of wealth in the South and Southeast of Brazil

The study of Forbes shows that wealth in Brazil is heavily concentrated in the Southeast and South regions. In other words, the combined wealth of billionaires in these regions represents a significant portion of the country's wealth, with São Paulo and Rio de Janeiro in the Southeast standing out, with a combined total of R$1.2 trillion.

In the South, the total wealth of the ultra-rich is R$246.2 billion, with Santa Catarina being a major contributor with R$140 billion. WEG, once again, is a crucial factor in this concentration of wealth, accounting for a considerable portion of the state's accumulated wealth.

The economic impact of Santa Catarina's billionaires

The massive presence of billionaires in Santa Catarina not only enhances the state's prestige on the national stage but also brings tangible economic benefits. In other words, the growth of local fortunes generates jobs, fosters innovation, and strengthens infrastructure. Companies not only produce wealth for their shareholders but also boost the local and national economy.

Furthermore, the success of entrepreneurs like Alceu Elias Feldmann It is Luciano Hang serves as inspiration for new entrepreneurs, demonstrating that the state of Santa Catarina is fertile ground for the growth of prosperous businesses. Therefore, the impact of these fortunes goes beyond the numbers, directly influencing the quality of life and opportunities available to the entire population of Santa Catarina.

Prospects for the future of billionaires in Santa Catarina

Looking ahead, Santa Catarina is expected to continue consolidating its position as one of the wealthiest states in Brazil. With the continued growth of established companies, such as WEG, and the emergence of new entrepreneurial initiatives, the state has the potential to further increase its number of billionaires.

Furthermore, economic diversification and investment in emerging sectors could contribute to the creation of new fortunes, keeping Santa Catarina at the top of Brazil's billionaire rankings. The future looks even brighter for the state. With its capacity for innovation and development, it could even challenge the leadership of states like São Paulo and Rio de Janeiro in the coming years.

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Santa Catarina: One of the main hubs for Brazil's billionaires

Santa Catarina stands out as one of Brazil's main wealth centers, with a significant number of billionaires and substantial wealth. The presence of innovative companies and the rise of local entrepreneurs have been fundamental to this success. With positive prospects for the future, the state of Santa Catarina promises to continue growing and strengthening its position among the wealthiest in the country.

We are Buzz Luxury Home, a real estate agency specializing in luxury properties in Florianópolis. For living and investing.

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Category: Luxury Blog
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