Morose economic growth and a turbulent stock market have not stopped Switzerland’s super-rich from getting richer this year, a report showed on Friday.
In its annual analysis of the fortunes of Switzerland’s 300 richest people, Bilan magazine said that the exclusive club, including the likes of rock and soul legend Tina Turner, have swelled their combined wealth by 6 billion Swiss francs (US$5.8 billion) to reach a record SF595 billion.
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 SF44 and SF45 billion — SF2 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 SF3 billion to between SF28 and SF29 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 SF3.5 billion over the past 12 months as the company has found itself pummeled by a global commodity price collapse.
His fortune now amounts to a mere SF2 billion, said Bilan, which has been drawing up its list since 1988.
“The conditions for the richest people have not been the best this year,” the magazine said.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS