Brazilian President Luiz Inácio Lula da Silva has won a fourth, non-consecutive presidential term after defeating Senator Flávio Bolsonaro in the October 25 runoff election.
According to Brazil’s Superior Electoral Court (TSE), Lula secured 64,256,232 votes, accounting for 51.79% of the valid votes, while Bolsonaro received 59,826,041 votes, or 48.21%.
Following his victory, attention has also turned to Lula’s personal wealth. However, Brazil does not publish an official net-worth figure for presidential candidates.
Instead, candidates are required to disclose their assets to the electoral authority when registering for elections. ‘s latest filing provides an account of his declared property, , savings and business interests.
According to his 2026 asset declaration submitted to the TSE, Lula reported total assets worth R$4,775,650.64, equivalent to approximately $953,000 at an exchange rate of R$5.01 per US dollar.
The declared amount is lower than the R$7,423,725.78 (approximately $1.48 million) he reported during the 2022 election. This represents a decline of around 35.7% in his declared assets over the period, based on the nominal values in the two filings, according to TSE records and data reported by UOL.
The filing reflects the values reported by Lula under applicable declaration rules and does not necessarily represent the current market value of his holdings.
A significant share of Lula’s declared wealth is held in private pension investments. His 2026 filing lists two such plans:
Brasilprev: R$1,923,927.36 (approximately $384,000).
Bradesco: R$1,380,000 (approximately $275,000).
Together, these two pension holdings are valued at approximately R$3.3 million, or $659,000, accounting for nearly 69% of his declared assets.
Real estate: A plot of land, a house under construction, a share in an apartment and a stake in a rural property in São Bernardo do Campo.
Vehicle: A Chevrolet car (2010/2011 model) valued at R$50,000 (approximately $10,000).
Business ownership: A 98% stake in L.I.L.S. Palestras, Eventos e Publicações, valued at R$49,000 (approximately $9,800).
The declaration also includes bank deposits, savings, fixed-income investments and a real estate investment fund holding, according to the TSE’s candidate disclosure records.
Lula’s declared assets declined by approximately R$2.65 million between the 2022 and 2026 elections.
The reduction was largely linked to changes in his private pension holdings. In 2022, he had declared a VGBL private pension plan worth approximately R$5.57 million. In his 2026 filing, the combined value of his two declared pension plans stood at around R$3.30 million.
According to UOL, the difference in the declared value of these pension investments accounted for a substantial portion of the overall decline. His latest filing also reflects changes in other declared assets.
