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 […]
Those with less are worth more in Schwyz than Geneva
Last Friday, the federal Swiss tax office published the latest statistics covering the wealth and earnings of the nation’s more than 5 million tax payers – Switzerland has wealth tax, so net worth is included in tax returns. The highest percentage of the very wealthiest (CHF 10 million plus) lived in Schwyz. Geneva also made […]
Swiss still the world’s wealthiest, says report
Largely due to a flood of central bank liquidity, global private financial assets have grown by 61% over the seven years since the financial crisis, almost twice the growth rate of economic output, says a report from the German Insurance giant Allianz. This has boosted the wealth of those who own shares. Those relying on interest, […]
Where the top 1% live – Switzerland leads
There was much talk of inequality at this year’s World Economic Forum in Davos. It is ironic then that the host country Switzerland has the greatest percentage of residents in the top 1% of the world’s wealthiest. Over 13% of Swiss are in this group, the highest proportion in the world according to the Credit […]
