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The Talko – Inside The Lives of The Rich Kids Of Brazil

Summary:
Young, hip, and rich in Brazil - but it's not my idea of paradise! [embedded content] Wouldn’t you just love to be rich? To have everything that you ever wanted right at your fingertips? Well sometimes being wealthy comes at quite a large price. Let’s take a look Inside the Lives of the Rich Kids of Brazil. They have more money than over 50% of the rest of the population. In Brazil, the wealth gap is enormous. The six richest families have the same amount of money as the poorest 50% of the country! Isn’t that insane? What’s even crazier is if the families spent over 0,000 of their money a day, it would take them 36 years to spend it all. That is a lot of money! These kids have expensive yachts bought for them in the blink of an eye. One yacht dealer said that a man came into his shop

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Young, hip, and rich in Brazil - but it's not my idea of paradise!

Wouldn’t you just love to be rich? To have everything that you ever wanted right at your fingertips? Well sometimes being wealthy comes at quite a large price. Let’s take a look Inside the Lives of the Rich Kids of Brazil. They have more money than over 50% of the rest of the population. In Brazil, the wealth gap is enormous. The six richest families have the same amount of money as the poorest 50% of the country! Isn’t that insane? What’s even crazier is if the families spent over $300,000 of their money a day, it would take them 36 years to spend it all. That is a lot of money! These kids have expensive yachts bought for them in the blink of an eye. One yacht dealer said that a man came into his shop and bought a million dollar boat just because his children asked him to. Is that lucky or what? But some of the rich kids get so bored that they turn to a life of crime. Silver-spoon gangs made up of some of the richest kids around have been plaguing Brazil for years. The kids usually target other wealthy people and rob their homes or steal their cars. Police have said that this is becoming a growing problem in major cities. Whether it’s their expensive trips, designer clothing, or exclusive Instagram pages, these rich kids have lives unlike any other. Stay tuned as we take a look Inside the Lives of the Rich Kids of Brazil, and see the sinister reason that plastic surgeons specializing in ear reconstruction make millions of dollars a year in Brazil.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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