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Rich list not immune to economic ills

The annual list of Switzerland's richest people shows even the country's super-wealthy are not immune to the financial meltdown.

This content was published on December 5, 2008 - 05:00

The 300 richest Swiss residents – half of whom are foreigners – together lost SFr70 billion ($58.5 billion) last year. Their combined wealth is now SFr368 billion.

For the seventh year in a row, the business magazine Bilanz listed Ikea founder Ingvar Kamprad as the richest person in Switzerland, with an estimated wealth of SFr35-36 billion.

The Hoffmann and Oeri families ranked second, based on a combined wealth of SFr16-17 billion from their stake in drug maker Roche. That's SFr2 billion less than in 2007.

The Brenninkmeijer family, founders of the textile company C&A, came third with SFr12-13 billion.

Among the worst hit were Russian tycoon Viktor Vekselberg, who lost SFr3 billion and the Geneva-based Latsis family, whose banking interests shrank by about SFr4 billion.

Tennis ace Roger Federer made it onto the list for the first time this year. His wealth is estimated at SFr100-200 million, the magazine said.

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