Wednesday, December 06, 2006

The Super-Rich

Further to the recent report release by the UN of the distribution of the world's wealth that the richest 1% of adults in the world own 40% of the planet's wealth and that half the world's adult population, owned barely 1% of global wealth , the Swiss magazine Bilan released a list of the richest Swiss residents. 400 citizens or residents whose fortunes are close to, or more than, 100 million francs.
The top 300 richest people saw their capital grow by 13.3% this year or the modest sum of 46 billion francs, for a grand total of 420 billion - almost as much as all the old age pension funds in Switzerland, from which four million workers will eventually receive retirement packages.

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