According to a recent report by the bank Credit Suisse, the Swiss are worth more on average than the residents of any other nation. The bank’s annual Global Wealth Report calculates average net worth per Swiss adult to be US$ 561,900 (CHF 567,500). Switzerland’s combined personal wealth of US$ 3.5 trillion represents 1.4% of the global total, while the nation’s population represents 0.1% of the global total.
Australia in second place, was well behind Switzerland with average adult net worth of US$ 376,000. Australia was followed by the US (US$ 345,000) and Norway (US$ 312,000).
In Switzerland, some slid from the top of the wealth pyramid between 2015 and 2016. 7.5% of those with net wealth above US$1 million in 2015, dropped out of this band in 2016, and 8.2% of those in the global top 1% left that club.
In 2016, there were 22 billionaires in Switzerland, 1.53 times the per capita number in the US, and more than Spain (21), Sweden (20) and Australia (20).
In 2016, there were around 716,000 adults with a net worth of US$ 1 million or more, close to 12% of all adults.
Much of Switzerland’s wealth comes from the strength of the Swiss franc. In constant franc terms net average (mean) wealth has increased 44% from US$ 401,400 to US$ 577,400 since 2000. Using actual exchange rates it has risen by 141% from US$ 233,500 to US$ 561,900.