Where the World's Millionaires Live

By Nikhil Hutheesing - 2013-05-30T16:00:09Z

Photograph by Tim Macpherson/Getty Images

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2. Switzerland    

Population: 8 million
Percentage of millionaire households: 11.6%

The European fiscal crisis is affecting the Alpine nation: GDP growth slowed to 0.8 percent in 2012, from 1.9 percent in 2011. Switzerland also faces pressure from the European Union and the U.S. to reform its banking secrecy laws, and the Swiss government is considering imposing taxes on bank deposits held by foreigners. There were 395,000 millionaire households here last year. Switzerland's richest person, with a fortune valued at $14.6 billion, is Italian-born Swiss billionaire Ernesto Bertarelli, who owns the Alinghi sailing team and has interests in real estate and hedge funds (Kedge Capital) and health care (Ares Life Sciences).

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