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IKEA Founder Tops Core European Wealth Centres Billionaire List

       IKEA Founder Tops Core European Wealth Centres Billionaire List

Total Wealth of Top 25 Stands At Over US$367 Billion

PR Newswire

LUGANO, Switzerland, June 5, 2013

LUGANO, Switzerland, June 5, 2013 /PRNewswire/ -- Wealth-X, the ultra high net
worth (UHNW) business development solution for Global Private Banks,
Educational Institutions, Luxury Brands and Non-Profits, has released a list
of the top 25 wealthiest individuals in France, Italy, Germany and Switzerland
(FIGS). The total wealth of these individuals stands at over US$367 billion.

"The FIGS list covers individuals from countries that are core centers of
wealth in continental Europe," Gianluigi Bianchi, Managing Partner for
Wealth-X Europe, said. "In spite of the protracted Eurozone crisis, these
individuals have consolidated or grown their wealth."

Ingvar Kamprad, founder of IKEA, tops the list with a net worth of US$43.1
billion. Kamprad is known as much for his immense wealth as for his parsimony;
the only luxury he reportedly allows himself is an occasional helping of

Rank Name                Position    Company         Net Worth     Business
                                                     (US$ billion) Country
1    Ingvar Kamprad      Founder     IKEA            43.1          Switzerland
                                      Moet Hennessy
2    Bernard Arnault     Founder     Louis Vuitton   28.3          France
3    Liliane Bettencourt Shareholder L'Oreal         27.2          France
4    Karl Albrecht       Co-Founder  Aldi Sud        26.0          Germany
5    Michele Ferrero     Owner       Ferrero Group   23.5          Italy

The textiles, apparel and luxury goods sector dominates, representing 24% of
industry sectors represented in the list. This is followed by finance, banking
and investment at 16% and food products at 12%.

Mykolas Rambus, CEO, Wealth-X, said, "Be it affordable furniture or luxury
goods, the consumer goods sector has clearly dominated the list. In
particular, rising demand from a growing middle class across Asia is a
significant driver of the wealth growth for the richest individuals on the
FIGS list."

"Asia is key to wealth growth in continental Europe. In order to engage the
ultra wealthy in continental Europe, banking professionals may wish to focus
on understanding these individuals' global businesses as well as their needs
in terms of business expansion in Asia," he added.

For the full list, 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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