The Swiss Times - Swiss News in English

Swiss Remain Richest Despite Wealth Decline

The Global Wealth Report from Allianz shows that the Swiss remain the wealthiest people per capita in the world, with a gross wealth of more than 356,000 euros per capita (roughly 345,000 francs). This is despite a 2.1% decrease in wealth due to falling stock prices. The net wealth per capita in Switzerland decreased by 4.4% to almost 239,000 euros (231,000 francs). This is the largest decrease since the financial crisis of 2008. Globally, the gross wealth of private households decreased by 2.7% in 2022, with financial investments worth 6.6 trillion euros being lost. The net wealth of the 57 countries studied was 177 trillion euros, a decrease of 5.1% from the previous year. However, the Allianz economists expect a growth of 6% in the current year due to the positive development of the stock markets. The wealth is still not evenly distributed, with the richest 10% of the world's population (around 560 million people) owning 85% of the total net wealth, with an average of 270,000 euros. Despite the losses, the global wealth is still 19% higher than in 2019, before the outbreak of the coronavirus pandemic.


Most Read

Barry Callebaut to Cut 2,500 Jobs

26 February 2024
Barry Callebaut
Barry Callebaut, the world's largest chocolate manufacturer, announces significant job cuts as part of its "BC Next Level" savings plan.

Swiss Electricity Prices to Dip Slightly in 2025, Uvek Reports

29 February 2024
Swiss electricity prices
Swiss Electricity Prices expected to decrease in 2025 as DETEC reduces the capital cost rate for electricity grid investments.

Kuehne+Nagel Stabilise in 2023: Plans For Expansion

1 March 2024
Kuehne+Nagel Future
Kuehne+Nagel normalise growth after corona, despite a downturn, the firm aims for strategic growth and stability.

Swiss Competition Commission: Investigate UBS Now

1 March 2024
Swiss Competition Commission
Swiss Competition Commission seeks an in-depth investigation into UBS after the CS merger, highlighting possible market dominance issues.

Stay in Touch!


Flixbus Total Sales Over Two Billion Euros For the First Time
29 February 2024
Zambon Group
Zambon Group: Exclusive Licensing Deal for IPX203 in Europe
29 February 2024