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Brazil first-round: Bolsonaro ahead, markets eye fiscal adjustment, uncertainty
Valor Econômico·BR·2 days ago
André Esteves, Brazil's wealthiest banker, saw his net worth jump $2.7 billion (20%) on Monday, per the Bloomberg Billionaires Index. The gain is tied to a surge in support for presidential candidate Flávio Bolsonaro, which boosted Brazilian asset prices. This reflects market optimism over a potential Bolsonaro presidency, though the move is based on polling shifts and remains speculative.