Brazil’s Lula wins presidential election, bucking regional shift towards right
For the Trump administration, which has sought to reassert its dominance in the region, Lula’s victory complicates its campaign to enlist Brazil in its military coalition
Brazilian President Luiz Inácio Lula da Silva has been re-elected for a fourth term in the October 25, 2026 runoff election. According to Brazil's Superior Electoral Court (TSE), Lula secured 64,256,232 votes, or 51.79% of valid votes, while his opponent, Senator Flávio Bolsonaro, received 59,826,041 votes, or 48.21%. Lula's personal wealth is not officially disclosed by Brazil.
However, in his 2026 filing, he declared assets worth R$4,775,650.64 (approximately $953,000). This is a 35.7% decline from his 2022 declared assets of R$7,423,725.78 (approximately $1.48 million). The majority of Lula's declared assets, around 69%, are held in two private pension investments: a Brasilprev plan worth R$1,923,927.36 (approximately $384,000) and a Bradesco plan worth R$1,380,000 (approximately $275,000).
Other assets listed include real estate, a Chevrolet car, a business stake, bank deposits, and other investments.
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