GENEVA: Morose economic growth and a turbulent stock market have not stopped Switzerland’s super rich from getting a lot richer this year, a report showed on Friday.
In its annual analysis of the fortunes of Switzerland’s 300 richest people, the Bilan magazine said the exclusive club, including the likes of rock and soul legend Tina Turner, have swelled their combined wealth by six billion Swiss francs ($5.8 billion, 5.5bn euros) to reach a record 595bn Swiss francs.
Topping the list for the 14th year in a row was the family of Ikea founder Ingvar Kamprad, who this year count an accumulated fortune of between 44 and 45bn Swiss francs — two billion more than last year.
Kamprad, 89, moved back to his native Sweden in 2013, but his two sons who run the flat-pack furniture empire remain in Switzerland and hold Swiss nationality.
Coming in second was Swiss-Brazilian food magnate Jorge Lemann, who hiked his fortune by three billion francs to between 28 and 29bn, Bilan said.
Published in Dawn, November 28th, 2015
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