Zema's Wealth Grows R$ 49 Million in Four Years

Romeu Zema, the former governor of Minas Gerais and a presidential hopeful for the Novo party, has reported a significant increase in his personal wealth. His assets have grown by R$ 49.1 million since the 2022 elections, bringing his total declared worth to R$ 178.8 million. This represents a 38% increase in his net worth over the past four years.

This substantial growth outpaced the accumulated inflation during the same period, which stood at 19% according to the IPCA index. Zema's declared assets include R$ 94 million from his stake in a family holding company, R$ 56.2 million in investment funds, and R$ 4.3 million in fixed-income investments.

In 2022, when he was re-elected governor, Zema declared R$ 129.7 million in assets. His wealth has grown by 150% since his first gubernatorial run in 2018, when he declared R$ 69.7 million. His family's business, the Zema Group, which includes retail and financial institutions, originated in his hometown of Araxá, Minas Gerais.

Zema, an administration graduate from FGV, is running for president. His running mate, Senator Eduardo Girão, declared a total net worth of R$ 34.1 million, including a foreign bank deposit of US$ 1.8 million. Another presidential candidate, Samara (UP), has declared R$ 33,000 in assets, consisting of a car and a savings account. The deadline for candidate registration is August 15.