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BRAZIL-ECONOMY/RICH
RTR20FTJ
23 Jul. 2008
Luxury apartment towers, with sale values estimated... more
BRAZIL-ECONOMY/RICH
RTR20FTJ
23 Jul. 2008
Sao Paulo, Brazil
Luxury apartment towers, with sale values estimated between $2 and $8 million for each unit, are being constructed in Sao Paulo July 22, 2008. Thanks largely to a commodities and credit boom, Brazil is seeing a burst of economic growth that is lifting millions out of poverty in a country long known for its stark inequality. Brazil's billionaire club is also growing at an unprecedented pace. According to a survey by local business magazine Exame, at least 14 Brazilians became billionaires last year, almost a five-fold increase over 2006. To match feature BRAZIL-ECONOMY/RICH REUTERS/Paulo Whitaker (BRAZIL)
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