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Swiss ultra-rich get a little bit poorer: report
By The Associated Press | 04 Dec 2008 | 06:00 PM ET
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ZURICH, Switzerland - The annual list of Switzerland's richest people shows even the Alpine tax haven's super-wealthy aren't immune from the financial meltdown.

The 300 richest Swiss residents — half of whom are foreigners — together lost 70 billion francs ($58.5 billion) last year. Their combined wealth is now 368 billion francs ($307 billion).

For the seventh year in a row, business magazine Bilanz listed Ikea founder Ingvar Kamprad as the richest person in Switzerland, with an estimated wealth of 35-36 billion francs ($29.2-30.1 billion).

The Hoffmann and Oeri families ranked second, based on a combined wealth of 16-17 billion francs ($13.4-14.2 billion) from their stake in drug maker Roche Holding. That's 2 billion francs ($1.7 billion) less than in 2007.

The Brenninkmeijer family, founders of textile company C&A, came third with 12-13 billion francs ($10-10.9 billion).

Among the worst-hit were Russian tycoon Viktor Vekselberg, who lost 3 billion francs ($2.5 billion), and the Geneva-based Latsis family, whose banking interests shrank by about 4 billion francs ($3.3 billion).

Swiss tennis ace Roger Federer made it onto the list for the first time this year. His wealth is estimated at 100-200 million francs ($83-167 million), the magazine said.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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