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February 12, 2012
Sweden's rich 'are richer than we thought'
Published: 4 Dec 07 08:33 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/9289/20071204/
The richest one percent of people in Sweden own up to 40 percent of the country's personal wealth, according to a report due to be released soon.
- Stockholm 'upper-class safari' under fire (30 Jan 12)
- 'Upper-class safari' angers Stockholmers (16 Jan 12)
- Swedes enjoy four decades of prosperity (6 Sep 11)
The study's results differ markedly from official figures. Statistics Sweden's calculations put the size of the fortune controlled by the richest one percent at 19 percent. The difference is due to the fact that the official figures do not include wealth tied up in family-owned companies, according to Dagens Nyheter.
If the wealth of Swedes who live abroad is counted the proportion controlled by the richest one percent rises to 40 percent. Under this model, the wealth of people such as Ikea founder Ingvar Kamprad and the Rausing family of Tetra Pak fame can be counted. When Swedish billionaires abroad are counted, the combined wealth of the top 1 percent rises to 2,700 billion kronor.
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