Mar 13 • 13:53 UTC 🇧🇷 Brazil G1 (PT)

See how much the farm acquired by Alexandre Pires in Tocantins may have cost

Singer Alexandre Pires' newly acquired farm in Tocantins is estimated to have cost around R$ 16 million based on real estate valuations in the area.

Alexandre Pires, a well-known Brazilian singer, has reportedly purchased a farm in Dianópolis, Tocantins, which is estimated to have cost at least R$ 16 million. The property spans 2,000 hectares, translating to about 413 acres, and is strategically located about 90 kilometers from Luís Eduardo Magalhães, a vital agricultural frontier in the state of Bahia. This prime location undoubtedly increases the farm's value.

Real estate expert Gabriel Alves de Freitas estimates the property's worth based on the current market value of land in Tocantins. While the exact price of the transaction has not been disclosed by either the former owner or Pires' representatives, the estimation considers various factors including the size of the land and prevailing prices per hectare in the region. This acquisition reflects the growing interest in agribusiness and investment in rural properties by prominent personalities.

The purchase aligns with broader economic trends in Brazil, where lucrative agricultural land is becoming increasingly sought after. Pires' investment may indicate a personal or business interest in agriculture, or simply an aspiration to own and develop a substantial property as part of his portfolio. Given that celebrity investments often attract public attention, this purchase may inspire others in the entertainment industry to explore similar opportunities in agribusiness or real estate.

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