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Brazil now consumes 18% of the world's cocaineBrazil’s growing middle class has poured money into the trappings of wealth and recreation: flat-screen TVs, get-away vacations, and, now, lots of cocaine.
Updated July 21, 20222 min read

Brazil’s growing middle class has poured money into the trappings of wealth and recreation: flat-screen TVs, get-away vacations, and, now, lots of cocaine.

According to a new report by consulting firm Capgemini and the Royal Bank of Canada, the number of Asians controlling $1 million or more in investable money surpassed the number of North Americans in the same strata of wealth last year.

According to a new report by consulting firm Capgemini and the Royal Bank of Canada, the number of Asians controlling $1 million or more in investable money surpassed the number of North Americans in the same strata of wealth last year.