Perfume king kicked out the Ikea family: He is Switzerland’s new rich

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Popular ranking: Balance sheet list of the 300 richest people in Switzerland
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Christian KolbeEconomics Editor

A new scent is floating around in the world of the super-rich: Instead of chipboard and wood glue, it smells seductively of bergamot, lemon and neroli, ingredients of the legendary Chanel N perfume.HE 5. Geneva-based Gérard Wertheimer (72), co-owner of Chanel, is now the richest man in Switzerland. The fashion mogul replaced the Kamprad family, which is among the 300 richest in Switzerland after 21 years.

“Balance Sheet” estimates the fortune of “the quietest billionaire in the fashion industry” at between 41 and 42 billion francs. The Kamprad brothers, heirs of the Ikea empire, can no longer keep up with this situation. This year Peter, 59, Jonas, 57, and Mathias, 54, publicly gave up control of the Ingka Foundation, where most of Ikea’s assets remain idle and doing good, in accordance with the charter. In previous years, access to billions of assets might still have been possible, purely theoretically, but it is no longer possible.

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Thus, the Kamprads’ assets fall to an estimated 13 to 14 billion francs. This makes the Swedes who grew up in Vaud with a Swiss passport the poorest among the ten richest people in Switzerland.

Average assets 2.65 billion francs

Some super-rich were forced to give up this year and lost billions of dollars in wealth. As a result, the total assets of the 300 richest people decreased by 3.2 percent to 795 billion francs.

So the wealthy need not suffer; They have assets of an average of 2.65 billion francs. In 1989, when Bilanz published its rich list for the first time, this figure was still 660 million.

Of the 300 richest people, 150 belong to the category of famous billionaires in Switzerland. A look at the top 10 shows how unequally wealth is distributed, even among the super-rich. They have a total of $210 billion, which means they own a quarter of the wealth of the super-rich in Switzerland.

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Senior managers also get involved

In Switzerland, a person who is not at least a partial owner of a company rarely becomes super rich. At the bottom of the rankings are a few working bankers and other senior executives. For example, UBS boss Sergio Ermotti (63) and UBS Chairman Colm Kellerher (66), one of the 19 newcomers. Former UBS and CS boss Oswald Grübel (80) and Nestlé Chairman Paul Bulcke (69) also find themselves in the second lowest category, with assets of 150 to 200 million francs.

Paul Bulcke’s example shows that getting to the top of a single company can also be lucrative. The dual Belgian-Swiss citizen and “French expert” who enjoys commuting to work by motorbike will celebrate his 45th anniversary at Nestlé next year.

The money of the super-rich is distributed fairly evenly throughout Switzerland, although there are some hotspots. The rich like to live near the economic metropolis Zurich. The extended service area also includes some tax-advantaged central Swiss cantons such as Schwyz and Zug. The rich also have their homes on Lake Geneva in the cantons of Geneva and Vaud. Interesting: Not a single person among the 300 richest people lives in Appenzell Innerrhoden, Uri, Neuchâtel and Jura.

men dominate

It is not surprising that the richest list is dominated by men. Many women enter the picture as mere extensions of their successful husbands. However, an increasing number of girls are following in the footsteps of the founding generation and becoming entrepreneurs. For example, in the mechanical engineering company and family business Bühler, where the “Sisters of Uzwil” Karin, Maya and Jeannine hold the reins of entrepreneurship. The Betongold department is also a bright spot: a higher than average number of women work in the real estate industry.

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The “Senior Management” segment alone shows that the glass ceiling at the top remains insurmountable for women; at least in terms of assets. The highest-earning executives among the richest 300 are; no need for gender.

Switzerland’s richest woman remains beer heiress Charlene de Carvalho-Heineken, with a fortune of 12 to 13 billion francs. But this is not enough to get into the top 10.

Source :Blick

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Tim

Tim

I'm Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor's Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.

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