Visiting fashionistas taking a stroll down São Paulo’s fashionable Oscar Freire street would feel at home. Toy dogs peep out from handbags or trot, arrayed in chic raincoats and paw-gloves, at the feet of their owners. Wafer-thin beauties are on display at the fashionable Cristallo café.
Brazil has comfortably overtaken Mexico to claim the undisputed number one spot in Latin America. The country had 143 individuals with more than $1m of investible assets in 2008, compared with 362 in the UK and 364 in China, according to Capgemini.

