Transport And Logistics Propels Klaus-Michael Kuhne To Top Of Wealthiest Swiss Executives List

Transport And Logistics Propels Klaus-Michael Kuhne To Top Of Wealthiest Swiss
                               Executives List

Wealth-X Releases List Of Top UHNW Executives in Switzerland

PR Newswire

SINGAPORE, Nov. 19, 2012

SINGAPORE, Nov. 19, 2012 /PRNewswire/ --Wealth-X, the ultra high net worth
(UHNW) business development solution for Global Private Banks, Luxury Brands,
Educational Institutions and Non-Profits, released the list of the top 10 UHNW
executives in Switzerland, unveiling names from key sectors across the

With a net worth of US$10 billion, Klaus-Michael Kuhne, chairman of Kuehne &
Nagel, tops the list. In second spot is Gennady Timchenko, co-founder of
Gunvor, with a net worth of US$9.1 billion. Coming in third is Torbjorn
Tornqvist with an estimated net worth of US$8.7 billion.

                         Est. Net Worth
Rank Name
                         (US$ billion)
1    Klaus-Michael Kuhne 10.0
2    Gennady Timchenko   9.1
3    Torbjorn Tornqvist  8.7
4    Ivan Glasenberg     6.5
5    Beny Steinmetz      5.8
6    Johann Rupert       5.1
7    Thomas Schmidheiny  5.0
8    James Ratcliffe     4.0
9    Simon Reuben        3.9
10   Alfred Schindler    3.7

The UHNW individuals (UHNWIs) on the list owe their fortune to industry
sectors as diverse as pharmaceuticals, real estate and commodities. The
combined net worth of the top 10 stands at US$61.8 billion, representing 9.4%
of the collective net worth of the UHNW population in Switzerland.

Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "For a country
best known as a leading global financial center, the top 10 list has a single
financial sector representative. Switzerland has earned a name for itself in
sectors such as transportation and logistics; cement manufacturing; chemicals
and others, as reflected by these top UHNWIs."

For the full list and supplemental analysis, please visit:

About Wealth-X

Wealth-X provides detailed intelligence on ultra high net worth (UHNW)
individuals globally. The firm's Wealth-X Professional solution is the
standard for banking, marketing and not-for-profit professionals working with
the ultra affluent. Wealth-X is headquartered in Singapore with offices in all
major financial centres.

For more information about Wealth-X, please visit:


Contact: Wealth-X, +65 68325169,
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