logo
Surf's Up in Sao Paulo —for $125,000

Surf's Up in Sao Paulo —for $125,000

Bloomberga day ago

Leia em português.
For surfers in the Brazilian megacity of Sao Paulo, catching waves was typically a logistical feat that required early morning departures for the beach 50 miles away to beat the traffic and the possibility of disappointment at the conditions on the Atlantic coast.
But now—at least for the financially blessed—they suddenly have two new competing clubs with wave pools opening in the second half of the year on either side of the Pinheiros River, which until recently often reeked of sewage.
The projects, just four miles apart, offer individuals and their families access to a rare new social club in the 471-year-old city with activities that range beyond the artificial waves to include tennis, squash, a ski simulator, skate park, spa and restaurants.
The current price tag—which has been rising—for a family of four varies from 700,000 reais (about $125,000) at Beyond the Club to 1 million reais at JHSF's Sao Paulo Surf Club. While the memberships have been popular with professionals, especially in the financial industry, it's a costly hobby for a city in which the median annual income is about $12,000.
'The technology is still very expensive,' said Oscar Segall, founding partner and head of KSM Realty, the developer behind Beyond the Club. 'But so were the first Teslas and iPhones. In the world there are 37,000 golf courses but only 22 wave pools. This has the potential to have 10,000 globally. Everyone wants to surf.'
And Brazil is crazy about surfing.
Despite having few world class waves along its 4,650 miles of coastline, about 30% of the athletes on the World Surf League tour hail from Brazil while seven of the last 10 champions in the mens category are also from the South American nation more famed for futebol and samba.
The difference now is that luxury developers are tapping into the demand to include wave pools among amenities for high net worth clients. It means a banker, for example, can either start their day surfing at the club at 6 a.m. before a short drive to work along Faria Lima Avenue or skip the power lunch for an acai bowl and a few waves at midday.
In essence, it's a solution for clients with more money than time. It's also appealing to both novices and professionals—and easier to navigate than dealing with rip tides in the open ocean.
'In a huge metropolis we've brought a surf club to where people are just 10 minutes from the heart of Sao Paulo in front of an iconic bridge,' Augusto Martins, chief executive officer of JHSF Participacoes SA said during a tour of the site. 'We're focused on luxury developments with exclusive services and quality.'
Beyond the Club said investment in the project is about 1.4 billion reais with an expected total sales of 2.3 billion reais. A maximum of 3,000 memberships will be sold and nearly 60% of them have been snapped up. It will also have a helipad for people looking to avoid Sao Paulo's infamous gridlock.
JHSF's Martins declined to provide numbers on investment, sales or memberships available or sold, citing the firm's restrictions as a publicly traded company.
Even surfers that live in Rio de Janeiro, which boasts spectacular views and famed beaches like Ipanema and Copacabana, have bought memberships to the Sao Paulo clubs as ways to tap into the availability and consistency of quality simulated waves.
At least one businessman from the agriculture-heavy state of Mato Grosso do Sul, more than 600 miles from the coast, is also a member at the JHSF project.
On a recent chilly late May day he emerged from his first test surf beaming. 'This is mind-blowing,' Neif Salim Neto, 46, said. 'I come every month to Sao Paulo for work. We need one of these where I live.'
Gabriel Medina, a three-time world champion who has joined Beyond the Club as a partner and brand ambassador, said 'it's crazy what Brazil is doing with wave pools' as he prepared to enter the water alongside Brazilian musician L7nnon.
Beyond the local developers, there are also competing global companies that specialize in wave technology being showcased at the clubs. Wavegarden, founded by a Basque family from Spain, built the pool at Beyond the Club. American Wave Machines, founded by a family in Southern California, with its PerfectSwell technology, is at the Surf Club.
'Brazil is the most important market in the world for us at the moment,' Fernando Odriozola of Wavegarden said in an interview. 'We've created a new asset that is bringing value to a lot of real estate developments.'
A wave pool from San Sebastian-based Wavegarden can cost anywhere between 10 and 35 million euros ($11.5 million and $40.2 million), Odriozola said. The company has 60 projects globally with 10 already functioning, 10 in construction and another 40 in viability studies with financial commitments.
Gabriel Medina is a Brazilian professional surfer and business partner of Beyond The Club. Medina, born in Sao Paulo state, is a three time World Surf League Champion and 2024 Olympic Games bronze medal winner.
Medina, seen surfing a wave at Beyond the Club, said 'it's crazy what Brazil is doing with wave pools'
A surfer waxes his board at Beyond the Club before going in the water.
Brazilian professional musician and skateboarder L7nnon tests the wave pool at Beyond The Club.
Beyond The Club is expected to be fully operational in October 2025.
Oscar Segall, founding partner and head of KSM Realty, the developer behind Beyond the Club, is keen to expand the brand to locations around the world.
The surf pool is currently capable of making up to 30 different types of waves.
Wavegarden previously worked with Segall, a real estate developer veteran, when he incorporated a wave pool at the Fazenda da Grama gated community located inland in Sao Paulo to create 'Praia da Grama' during the pandemic.
In Brazil, Wavegarden is planning an artificial beach with wave pool in the central state of Goias, near the capital Brasilia, along with several other gated communities. Globally, they have plans for others in Madrid, Virginia Beach and Coachella, Odriozola said.
Segall hopes to take the Beyond the Club brand worldwide, imagining a global membership with access to multiple locations.
AWM built a wave pool in Waco, Texas about seven years ago followed by a project in Japan ahead of the 2020 Summer Olympics that had incorporated surfing as a sport for the first time. It then worked with JHSF at its gated community Fazenda Boa Vista for a wave pool before turning to the project in the city of Sao Paulo.
They're now close to inaugurating a project in China and develop another in Utah.
Willy McFarland, head of business development at AWM and son of the founders, said they've 'cracked the code on fun, high performance surf' which is 'addicting and euphoric,' adding that people sometimes cry when they come out of the water after a first barrel.
So why is it taking off in Brazil?
'My suspicion is that the elites of Brazil are surfers in a higher density than anywhere else,' he said. In Southern California 'there are plenty of wealthy surfers but there are probably way more golfers. And Brazil is the most enthusiastic country about surfing.'
Edited by Stephen Wicary and Kristine Owram
Photo edited and produced by Marie Monteleone
More On Bloomberg
Terms of Service Do Not Sell or Share My Personal Information Trademarks Privacy Policy
Careers Made in NYC Advertise
Ad Choices
Help ©2025 Bloomberg L.P. All Rights Reserved.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘This Will Never Happen Again': Brazilian Jockey Suspended 59 Days For Premature Celebration In Nation's Biggest Race
‘This Will Never Happen Again': Brazilian Jockey Suspended 59 Days For Premature Celebration In Nation's Biggest Race

Yahoo

time8 hours ago

  • Yahoo

‘This Will Never Happen Again': Brazilian Jockey Suspended 59 Days For Premature Celebration In Nation's Biggest Race

'This Will Never Happen Again': Brazilian Jockey Suspended 59 Days For Premature Celebration In Nation's Biggest Race originally appeared on Paulick Report. Brazilian jockey Leandro Henrique has been suspended 59 days and fined R$2,120 for a premature celebration in his nation's biggest race, the Grade 1 Grande Premio Brasil at Gavea Racecourse, reported the Turf Diario on June 27. The sanction is based on article 122 of the nation's racing regulations, which states: 'horses must be ridden competitively and with maximum effort up to the finish line.' The rule continues, 'Any premature celebration that causes the rider to ease up is prohibited, as is any action that risks the safety of horse or rider.' Advertisement Henrique was fined R$2,000 for the celebration, and R$120 for drifting in during the final furlong. Collectively, the fine converts to approximately $386 USD. Roughly 50 meters out from the finish line at Hipodromo da Gavea, in Rio de Janeiro, Brazil, Henrique stood up in the irons, while raising his right arm into the air and twisting his body towards the grandstand. As he celebrated, a fast-charging Valparaiso stormed up the rail and nearly took the win, but Henrique and his mount Sinsel won by a diminishing nose. 'I didn't see the horse on the inside,' Henrique admitted, speaking to the Jockey Club Brasileiro. 'I want to apologise to Mr Esteves and to the owners, Stud Red Rafa. This will never happen again.' He continued: 'Many people are judging me for not being cold, but only those who have ridden horses know what is really going on there when you are about to win the most important race in the country. It is indescribable. 'Thank God, I realized the threat in time and guaranteed victory. I have spoken with the trainer and the owners, everything is fine, and we resolved it ourselves. In the end, racing is about one thing – crossing the finish line first. And I did it.' Sinsel received a berth in the Breeders' Cup Turf for his win in the Grande Premio Brasil. Read the full report at This story was originally reported by Paulick Report on Jun 27, 2025, where it first appeared.

Brazil strikes deal with Musk's Starlink to curb criminal use in the Amazon rainforest
Brazil strikes deal with Musk's Starlink to curb criminal use in the Amazon rainforest

Washington Post

time12 hours ago

  • Washington Post

Brazil strikes deal with Musk's Starlink to curb criminal use in the Amazon rainforest

Brasilia, BRAZIL — Brazil's Federal Prosecutor's Office announced Friday a deal with Elon Musk's Starlink to curb the use of its services in illegal mining and other criminal activities in the Amazon. Starlink's lightweight, high-speed internet system has rapidly spread across the Amazon, a region that for decades struggled with slow and unreliable connectivity. But the service has also been adopted by criminal organizations , which have used it to coordinate logistics, make payments and receive alerts about police raids. It's the first agreement of its kind aimed at curbing such use following years of pressure from Brazilian authorities. Starlink, a division of Musk's SpaceX, will begin requiring identification and proof of residence from all new users in Brazil's Amazon region starting in January. The company will also provide Brazilian authorities with user registration and geolocation data for internet units located in areas under investigation. If a terminal is confirmed to be used for illegal activity, Starlink has committed to blocking the service. The deal is for two years and can be renewed. Illegal gold mining has contaminated hundreds of miles of Amazon rivers with mercury and disrupted the traditional lives of several Indigenous tribes, including the Yanomami. Starlink, which first arrived in the region in 2022, has enabled criminal groups to manage mining operations in remote areas, where logistics are complex and equipment and fuel must be transported by small plane or boat. 'The use of satellite internet has transformed the logistics of illegal mining. This new reality demands a proportional legal response. With the agreement, connectivity in remote areas also becomes a tool for environmental responsibility and respect for sovereignty,' federal prosecutor André Porreca said in a statement. Illegal gold miners and loggers have always had some form of communication, mainly via radio, to evade law enforcement. Starlink, with its fast and mobile internet, has significantly enhanced that capability, Hugo Loss, operations coordinator for Brazil's environmental agency, told The Associated Press in a phone interview. 'They've been able to transmit in real time the locations of enforcement teams, allowing them to anticipate our arrival, which seriously compromises the safety of our personnel and undermines the effectiveness of operations,' Loss said. 'Cutting the signal in mining areas, especially on Indigenous lands and in protected areas, is essential because internet access in these locations serves only criminal purposes.' Jair Schmitt, head of environmental protection for the agency, said what's also needed is tighter regulation on the sale and use of such equipment. The AP emailed James Gleeson, SpaceX's vice president of communications, with questions about the deal, but didn't immediately receive a response. ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at .

Brazil's reshaping of the Latin American subscription economy
Brazil's reshaping of the Latin American subscription economy

Yahoo

time12 hours ago

  • Yahoo

Brazil's reshaping of the Latin American subscription economy

Brazil has quietly built one of the most successful real-time payment systems in the world over the past five years. Launched in late 2020 by the Central Bank of Brazil, Pix enables instant, free payments between individuals and businesses. Today, over two-thirds of the Brazilian population use Pix regularly, with people saying 'Pix me' instead of 'pay me back', and surpassing both credit and debit cards in transaction volume according to the Central Bank. Pix is now taking a significant step forward in the recurring payments space with the introduction of Pix Automático, a major upgrade that enables automated, pre-approved recurring payments. Building on the success of Pix, this new feature introduces a streamlined experience for subscription-based services and recurring charges. It promises to elevate an already trusted and efficient payment method into a powerful tool for sustained digital commerce, providing a blueprint for other countries in Latin America and beyond to follow. As Brazil's economy has modernised, more and more international companies that rely on subscription services have entered the South American country. In fact, subscription box services alone generate over $170 million annually. But until now, recurring payments typically relied on manual processes. With just 40% of Brazilians owning a credit card -and over 75% using Pix-, subscriptions must be paid manually every month using Pix or Boleto Bancário. Pix Automatico is set to reflect the adaptability and success of Pix in a card-scarce environment. It's a natural next step as a technical evolution that brings automation, simplicity, and reliability to recurring payments, all while building on the strong consumer trust Pix already enjoys. Pix Automático changes the equation. It allows consumers to authorise recurring debits directly from their existing bank or wallet accounts, eliminating the need for credit cards, repeated QR code scans, or monthly reminders. The process begins with a one-time enrolment, often via QR code or app interface, which serves solely to authorise future charges. The result is a smoother, more trustworthy experience that remains user-controlled through opt-in and cancellation features. For businesses, the implications are enormous. It offers them a more predictable cash flow, lower churn, and higher customer lifetime value, especially important in a market where flexibility and simplicity are key. Now, companies that rely on subscription models can reach Brazil's large unbanked and underbanked populations—people who were previously excluded from the digital economy due to a lack of access to traditional banking. Neobanks like Nubank (with over 104 million customers across Latin America) and Banco Inter (30 million in Brazil) offer simple, accessible alternatives. Digital wallets such as PicPay and Mercado Pago are also widely used, helping millions manage money and make payments without a traditional bank. For these consumers, Pix Automático doesn't just improve convenience—it represents inclusion. Banks and fintechs are also poised to benefit. Beyond media subscriptions and digital content, Pix Automático can power recurring use cases like insurance premiums, utility bills, gym memberships, and even automated savings or micro-investments. The infrastructure opens the door for new financial products that are simple, real-time, and inclusive by design. There's growing speculation that Pix Automático could even displace traditional direct debits in Brazil. Unlike legacy debit arrangements, which are slow to set up and can be bank-specific, Pix Automático offers real-time settlement and works across institutions. Pix Automatico isn't a new alternative form of payment in the Brazilian market, rather a continuation of the country's bold leadership in digital payments. Pix is already the country's most used payment method, deeply embedded in the lives of consumers and businesses alike. Pix Automático builds on this maturity, adding functionality that makes recurring payments easier, more consistent, and better aligned with both consumer behaviour and business needs. For companies looking to grow in Brazil, integrating Pix Automático will require collaboration with payment processors, updated user flows, and strong customer education. But the return is clear - stronger conversions, more predictable revenue, and a deeper connection to one of the world's most innovative digital economies. Brazil has already proven that game-changing financial innovation can come from central bankers, not just tech giants. Pix Automático is the next chapter in that story, reminding us that the future of fintech may be written not only in code, but also in Portuguese. Federico Mazzoli is VP of Product at dLocal "Brazil's reshaping of the Latin American subscription economy " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store