Saturday, December 03, 2011

Swiss francs

What financial crisis? Switzerland’s wealthiest 300 grew even richer in 2011. 11 billion francs more than in 2010 and is roughly equivalent to Switzerland’s gross domestic product.

The accumulated wealth of the 300 richest people in Switzerland amounts to 481 billion francs ($525 billion), a figure that would more than suffice to pay off Greece’s rampant debt ($485 billion). In terms of the distribution of this enormous wealth, just 10 of the 300 people on the list account for 25 percent of the total 481 billion ($525 billion) francs.

Swede, Ingvar Kamprad, founder of Ikea, remains Switzerland's richest resident for the 10th year running with assets valued at 35-36 billion francs ($38-39 billion). He is unlikely to have noticed the three billion he is thought to have lost as a result of the weak euro.

Coming in second are the Swiss Hoffmann and Oeri families, who control the pharmaceutical company Roche and have combined assets worth 13-14 billion francs ($14-15 billion).

In third place is the German-Dutch Brenninkmeijer family, which owes its 12-13 billion franc ($13-14 billion) fortune mainly to the clothing company C&A, but also to its real estate business and investments in energy firms.

From here

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