DistantNews
Support us
Richest candidate ranking includes businessman who funded Toffoli's jet trip
๐Ÿ‡ง๐Ÿ‡ท Brazil /Elections & Politics

Richest candidate ranking includes businessman who funded Toffoli's jet trip

From Estadรฃo · () Portuguese

Translated from Portuguese, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Luiz Pastore, a candidate for senator in Tocantins, Brazil, has declared a net worth of R$677.74 million, making him the wealthiest candidate in the current Senate race.
  • Pastore owns a private jet that transported Supreme Court Minister Dias Toffoli and a lawyer for a Banco Master director to Peru in 2025, shortly before Toffoli became the rapporteur for a case involving the bank.
  • The businessman, who heads the metalworking group Ibrame, has seen his net worth grow by 49% since 2022, and he recently switched parties and electoral districts.

Luiz Pastore (PL), a candidate for senator in Tocantins, Brazil, has emerged as the wealthiest contender in the current elections, declaring a personal fortune of R$677.74 million to the Superior Electoral Court (TSE).

Pastore's wealth places him at the top of a ranking of the richest candidates, though the list is not yet final as not all candidacies have been processed by the TSE. He is the richest politician running for the Senate in this campaign, according to an analysis by Estadรฃo using data submitted to the electoral justice system. Even after excluding billionaire assets and candidates who reported errors in their declarations, Pastore remains the most affluent.

Adding to the intrigue, Pastore owns the private jet that flew Supreme Court Minister Dias Toffoli, along with the lawyer for a director of Banco Master, to Lima, Peru, in November 2025 to watch the Libertadores final. Coincidentally, Toffoli became the rapporteur for the "Caso Master" in the Supreme Court on the same day. He later recused himself from the case following internal controversy at the STF regarding his involvement and participation in a company that conducted business with the banker Daniel Vorcaro's brother-in-law.

Pastore, a businessman and chairman of the board of Grupo Ibrame, a metallurgical company, is known in Brasรญlia's political circles but has largely operated behind the scenes. "I am a businessman, and I am putting my assets at the disposal to provide knowledge, so I can work for entrepreneurship and for the businessmen of Brazil. Very few people are working for this," Pastore told Estadรฃo. His wealth has grown significantly, from R$453.6 million in 2022 when he was a substitute candidate for senator in the Federal District, marking a 49% increase in four years. Previously affiliated with MDB since 1986, Pastore switched parties and electoral domicile to run with PL in Tocantins, stating, "I am 77 years old, I was twice a substitute senator for Espรญrito Santo, and I decided that now is the time I must dedicate myself to the fourth most important state in the Union."

DistantNews Editorial

Originally published by Estadรฃo in Portuguese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.