Let the money rain: let’s spread the wealth of the richest Swiss across all UBS shares that rise above 25 francs for the first time since 2008

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The 300 richest Swiss people were recently named again. The amounts they possess are unimaginable. But how much would actually be left for all of us if we were to divide the money? Probably less than you think.

The total net worth of individuals with unlimited tax liability in Switzerland amounted to 2.16 trillion francs in 2019. 2,160,000,000,000. Lots of money.

As is known, this money is not evenly distributed among the approximately nine million inhabitants. On the contrary. In December 2022, the federal government published an analysis ‘Distribution of prosperity in Switzerland’.

The most current figures are from 2018. They include: The richest one percent in Switzerland owns 44.1 percent of all assets. In other words, 90,000 people in Switzerland have assets worth 952 billion francs (952,000,000,000 francs). If this were distributed evenly among the richest percentage of residents, everyone would own 10.6 million francs.

As we all know, it isn’t. As the business magazine ‘Bilanz’ shows in the latest edition of the 300 richest Swiss, the richest – Gérard Wertheimer – alone owns 41.5 billion. To even get on the list, you need a fortune of 125 million francs in 2023.

Do the super-rich deserve their wealth or not?

All 300 richest people together have an estimated net worth of 795 billion. That means there is only about 50 billion left of the money saved by the richest percentage of Swiss for the remaining 89,700. A comparison of estimates of the “balance sheet” and net worth of fully taxpayers should be treated with caution.

But it immediately becomes clear that there is enormous inequality. That’s why we play a little numbers game and divide the assets evenly among the residents of Switzerland:

Distribution of total net assets

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Distribution of the wealth of the richest percent

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Distribution of the wealth of the 300 richest

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Distribution of the wealth of the richest Swiss

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This is how the richest Swiss live:

And if we shared that with the whole world

Source: UN.

This is how the richest Swiss live:

Julia Neukomm
Reto Fehr
Reto Fehr

Soource :Watson

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Amelia

Amelia

I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.

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