Switzerland’s Richest See Fortunes Increase 5%, Bilan Reports

Switzerland’s 300 richest residents saw their wealth increase 5 percent this year compared with 2009, Geneva-based Bilan reported, citing on its own research.

Their total wealth rose by 21 billion Swiss francs ($21.1 billion) to 470 billion francs, the magazine said. The list is headed by Ingvar Kamprad, the Swedish founder of Ikea AB, with an estimated 35 billion francs to 36 billion francs, according to the pre-release of an article to be published tomorrow.

The biggest gains included the fortunes of watchmaker Raymond Weil, tennis player Roger Federer and hedge fund manager Philippe Jabre, Bilan said. With an estimated fortune of between 7 billion and 8 billion francs, Russian Dmitry Rybolovlev, owner of OAO Uralkali, the world’s biggest potash fertilizer producer, is the richest Geneva resident, the magazine said.

To contact the reporter on this story: Warren Giles in Geneva at wgiles@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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