Daniel Vorcaro, the former banker and owner of Banco Master, reported a staggering increase in his wealth of R$ 1.23 billion over the course of 2024, based on details from his income tax return submitted to the mixed parliamentary inquiry commission (CPI) of the INSS, which were obtained by Folha. His declared assets surged from R$ 1.42 billion to R$ 2.65 billion within one year, reflecting significant changes in his financial status.

The rise in Vorcaro's wealth comes amidst ongoing investigations by Brazilian federal police regarding serious allegations, including the sale of counterfeit portfolios to the Brasília Regional Bank (BRB). The figures disclosed in his 2025 tax declaration refer to the previous year, when the investigations into his business practices were already underway. Additionally, his cash holdings reported a substantial drop from R$ 1.38 million in 2023 to merely R$ 250,000 in 2024, raising eyebrows about the source of his financial gains.

Despite the dramatic increase in his wealth, Vorcaro's defense team has chosen not to comment on the matter, leaving questions about the legitimacy of these figures unanswered. The most notable prior increase in his net worth occurred in 2016, when he reported starting the year with R$ 2.8 million, only to end it with R$ 55.5 million, highlighting a pattern of rapid wealth accumulation that invites scrutiny regarding its origins and sustainability.