Previous post Next post

Nearly 1 in 20 in Switzerland are millionaires, according wealth to report

© Andrii Chernykh | Dreamstime.com

The 2017, a wealth report, published by Capgemini, shows there were 389,000 US$ millionaires in Switzerland, around 4.5% of the population, or close to 1 in 20.

If children under the age of 15 are excluded, Switzerland’s millionaire percentage rises to 7.3%.

In addition, these figures include only investable wealth, which does not include the value of family homes. If this wealth was included, the number of millionaires would rise further.

Switzerland’s millionaire percentage was well ahead of the 0.2% global average, and more than double that of the United States, where around 1.6% of the population was a millionaire. In the UK the rate was 0.9%. Even the wealthy asian city states of Hong Kong (2.3%) and Singapore (2.2%) trailed Switzerland.

Switzerland was home to 2.1% of the world’s millionaires but only 0.1% of the world’s population. This means a Swiss resident is 21 times more likely to be a millionaire than someone plucked at random from the global population.

In 2017, the number of Swiss millionaires rose 6.9% and has been rising steadily since 2008 in line with global stock prices. In 2008, there were only 185,000 Swiss millionaires.

More on this:
Capgemini report  (in English)

Full story here
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
Previous post See more for 3) Swiss Markets and News Next post
Tags:

Permanent link to this article: https://snbchf.com/2018/06/investec-20-switzerland-millionaires-according-wealth-report/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.