Switzerland's super rich getting richer

AFP, 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 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, 5.5 billion euros) to reach a record 595 billion 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 45 billion 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 29 billion, Bilan said. His 3G Capital fund controls the likes of Budweiser and Stella Artois, Burger King and HJ Heinz.
South African national Ivan Glasenberg, who heads debt-laden mining and commodities giant Glencore, meanwhile saw his personal fortune shrink by 3.5 billion over the past 12 months as the company has  found itself pummelled by a global commodity price collapse.

Switzerlands super rich getting richer

AFP, GENEVA: Morose economic growth and a turbulent stock market have not stopped Switzerlands super rich from getting a lot richer this year, a report showed Friday. In its annual analysis of the fortunes of Switzerlands 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, 5.5 billion euros) to reach a record 595 billion 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 45 billion 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 29 billion, Bilan said. His 3G Capital fund controls the likes of Budweiser and Stella Artois, Burger King and HJ Heinz. South African national Ivan Glasenberg, who heads debt-laden mining and commodities giant Glencore, meanwhile saw his personal fortune shrink by 3.5 billion over the past 12 months as the company has found itself pummelled by a global commodity price collapse.