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Transport And Logistics Propels Klaus-Michael Kuhne To Top Of Wealthiest Swiss Executives List

Wealth-X Releases List Of Top UHNW Executives in Switzerland

SINGAPORE, Nov. 19, 2012 /PRNewswire/ -- Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Luxury Brands, Educational Institutions and Non-Profits, released the list of the top 10 UHNW executives in Switzerland, unveiling names from key sectors across the cantons.

With a net worth of US$10 billion, Klaus-Michael Kuhne, chairman of Kuehne & Nagel, tops the list. In second spot is Gennady Timchenko, co-founder of Gunvor, with a net worth of US$9.1 billion. Coming in third is Torbjorn Tornqvist with an estimated net worth of US$8.7 billion.

Rank

Name

Est. Net Worth

(US$ billion)

1

Klaus-Michael Kuhne

10.0

2

Gennady Timchenko

9.1

3

Torbjorn Tornqvist

8.7

4

Ivan Glasenberg

6.5

5

Beny Steinmetz

5.8

6

Johann Rupert

5.1

7

Thomas Schmidheiny

5.0

8

James Ratcliffe

4.0

9

Simon Reuben

3.9

10

Alfred Schindler

3.7

The UHNW individuals (UHNWIs) on the list owe their fortune to industry sectors as diverse as pharmaceuticals, real estate and commodities. The combined net worth of the top 10 stands at US$61.8 billion, representing 9.4% of the collective net worth of the UHNW population in Switzerland.

Commenting on the list, Wealth-X CEO, Mykolas D. Rambus said, "For a country best known as a leading global financial center, the top 10 list has a single financial sector representative. Switzerland has earned a name for itself in sectors such as transportation and logistics; cement manufacturing; chemicals and others, as reflected by these top UHNWIs."

For the full list and supplemental analysis, please visit: http://www.wealthx.com/articles/2012/top-10-swiss-executives-list/

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: www.wealthx.com

SOURCE Wealth-X

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