Latin America can boast 113 billionaires this year with a combined fortune of $438.6 billion. This compares with just 31 billionaires with a combined fortune of $123.3 billion just five years ago in 2009.
Nevertheless, this year saw the region’s billionaires lose a combined $40.5 billion over 2013 – or 8.5 percent of their wealth. This was a departure from the strong double-digit growth the region’s billionaires experienced since 2009, an astounding 84.3 percent year over year between 2009 and 2010. Last year was a record year for Latin America’s billionaires fortune – their combined wealth reached $479.1 billion.