Listen To The Story

In just two weeks, the 2016 Olympics start in Rio de Janeiro, but it's anyone's guess whether Brazil is ready.

The country is in the middle of a terrible recession, its president has gone through lengthy impeachment proceedings and a corruption scandal at the national oil company, Petrobras, has ended the careers of numerous politicians and well-connected insiders.

All of this is a long way from where Brazil was just a few years ago. Back then, the economy was soaring, and journalist Alex Cuadros was stationed in the country to cover its billionaires as a reporter at Bloomberg News.

He's now written a book called "Brazillionaires: Wealth, Power and Hope in an American Country."

Click play above to hear this interview. 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Lizzie O'Leary at @lizzieohreally