Which part of Switzerland is the richest?
Zug is the capital of its canton which holds the same name, located west of the center of Switzerland. Its economy is based on financial services, trade services, and manufacturing goods. Zug's GDP per capita in 2018 was 160,884CHF, making it the richest canton in Switzerland.
Zurich, Switzerland – 27.34% Millionaires
In many ways, Zurich is Geneva's German-speaking counterpart. It is the largest and richest city in Switzerland and although not as prominent on the international political scene, it is just as influential in the world of finances and banking.
Switzerland has become world-renowned for its wealth and prosperity. Historical, economic, and political factors have all contributed to the build-up of Swiss wealth. At times, these factors have been influenced by smart business and political decisions; at other times, simply by fate.
According to the World Inequality Database, the richest 10% in Switzerland hold 63% of all capital, which has risen by almost six percentage points since 1995 when the last data became available. In Western Europe, only Ireland has a higher percentage (66%).
Now there's a new number one. N ew York City has taken back its crown. With 107 billionaire residents, worth over $640 billion, The Big Apple is home to more three-comma club members than any other city on the planet.
A report by Credit Suisse in 2020 found Switzerland had the highest wealth per adult in the world. In total, 800,000 millionaires reside in a country of fewer than nine million people. Most remarkably, the report found that Switzerland accounts for 1.7% of the world's wealthiest 1% of people.
| Rank (Earnings) | Cities | Rank (Purchasing Power) |
|---|---|---|
| 1 | Geneva | 4 |
| 2 | Zurich | 2 |
| 3 | Luxembourg | 5 |
| 4 | Los Angeles | 1 |
City living in Zurich
Older, more affluent Swiss residents tend to live in Fluntern and Zürichberg, which are located near the city's zoo. Trendier areas include Kreis 5, which has loft apartments, restaurants and bars.
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Countries by GDP (nominal):
1. Luxembourg. Though a landlocked country, Luxembourg has managed to become the richest country in the world, with a PPP per capita value of $118,503.6. The small country is one of the major economies in the Eurozone.
Is Switzerland richer than UK?
Economy. United Kingdom has a GDP per capita of $44,300 as of 2017, while in Switzerland, the GDP per capita is $62,100 as of 2017.
Switzerland is famous for its mesmerizing alpine scenery, luxury branded watches, and deliciously milky chocolate. A melting pot of many different cultures, Switzerland is also known for its alluring cities and scenic train rides that showcase the best of the country's natural vistas.
Key Takeaways. At $238 billion, the Waltons are the richest family in the world thanks to their massive stake in Walmart, the world's largest company by revenue.
John D. Rockefeller was born in 1839. He started working at a young age and established Standard Oil Company in 1870. Eventually, this firm became one of the most powerful companies in history, making Rockefeller the first-ever billionaire on the planet when it was worth $1 billion in 1916.
| Rank | Country/Territory | Number of billionaires |
|---|---|---|
| 1 | Mainland China | 1,002 |
| 2 | United States | 716 |
| 3 | India | 215 |
| 4 | United Kingdom | 150 |
In 2020 (income 2019), 8.5% of the Swiss population i.e. approx. 722 000 people were affected by income poverty. The groups most affected were persons living alone or in single-parent households with minor children, persons with no post-compulsory education and those living in households where no-one works.
| Rank (Earnings) | Cities | Rank (Purchasing Power) |
|---|---|---|
| 1 | Geneva | 4 |
| 2 | Zurich | 2 |
| 3 | Luxembourg | 5 |
| 4 | Los Angeles | 1 |
City living in Zurich
Older, more affluent Swiss residents tend to live in Fluntern and Zürichberg, which are located near the city's zoo. Trendier areas include Kreis 5, which has loft apartments, restaurants and bars.
Housing costs in Switzerland
The most expensive Swiss city to rent in is Zurich, with rent on apartments in the city costing between CHF 1,500 and CHF 6,000 per month. Geneva is similarly priced, with rent costing around CHF 1,600–6,000, although you can find cheaper accommodation outside the city center.
