Edir Macedo Net Worth

Pentecostal is a renewal movement within Christianity that follows the “prosperity theology”, i.e., supporters of the sect believe that faith and commitment to a church are rewarded with wealth. However, the majority of Macedo’s fortune comes from his ownership of Rede Record, which he purchased in 1990 from fellow billionaire Silvio Santos. Many assume that he used church funds to make the acquisition. But that’s not all as he also owns W67CI, a Telemundo affiliate based in Atlanta. His 2012 biography, which among other things chronicles the 11 days he spent in jail in 1992 on accusations of charlatanism, topped Brazil’s best-seller list for six consecutive weeks.