The banker’s wealth increased by almost 600% in just eight years. This is what the Master owner’s statements that were sent to CPMI show.
In 2016, the banker declared that he had just over R$52 million in income. The corrected value reaches R$82.8 million. In 2024, as shown by Sheetassets reached R$570 million in the year.
Over the past few years, Vorcaro’s wealth has only increased. Initially, he declared R$420,000 in salary per year. .
The majority of the banker’s income comes from those that are exempt from Income Tax, such as dividends, investments in funds and letters of credit, for example.
Furthermore, Daniel Vorcaro declared millions of reais in capital gains and capitalization bond premiums. In 2023, this amount reached R$651 million, without correction for inflation in the period.
The income declared to the Tax Authorities does not take into account the assets of the Master owner, which exceeded R$2.6 billion in 2024.
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