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The total number and fortune of Latin American billionaires increased substantially in 2012 compared to 2011. The exclusive club of the billionaires grew by 34 names to 98 last year from 64 in 2011.

The fortune of the richest Latin Americans has almost tripled from 2009 to 2012 as it was $123 billion in 2009. This year’s increase while important, was not the largest. In the 2011-10 period, the fortune grew by 46.7 percent, while it jumped 84.3 percent in the period 2009-10.

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