“This 21st century will be our century, the century of Latin America,” wrote Sebastián Piñera, the president of Chile, in a recent article for The Economist. Piñera is right and the bet on “LatAm” as financiers like to refer to it, is a bet that is almost certain to come off.
Latin America has always been sexy and exciting, but now it is also a good place to make millions. A report from Deloitte last year said that the number of millionaire households in Brazil would pass a million by 2020.
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