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WEALTH

Kamprad fourth richest in world

Swede Ingvar Kamprad is the fourth richest man in the world, according to US magazine Forbes.

The Ikea founder and his family are worth $33 billion (230 billion kronor), Forbes calculates.

Other Swedes to rank among the world’s richest people include Stefan Persson, heir to clothes retailer H&M. Persson’s $18 billion fortune puts him at 17th place on the list.

Tetra Pak heiress Birgit Rausing and her family have assets worth $11 billion, putting them at 55th place. Hans Rausing is at 73rd place with $9 billion.

Microsoft founder Bill Gates remains the richest man in the world, worth an estimated $56 billion. Investment guru Warren Buffett is in second place with a private fortune of $52 billion.

American men dominate the list. The richest woman in the world is Liliane Bettencourt, owner of French cosmetic giant L’Oreal. She come twelfth in the list of billionaires.

EUROPEAN UNION

Stockholm in top ten of EU’s richest regions

Stockholm has been named among the top ten richest regions in the European Union according to a new study published in the Svenska Dagbladet daily on Sunday.

Stockholm in top ten of EU's richest regions

The list, by EU statistics body Eurostat, is calculated based on GDP figures from 2010, with an index based on the union average of €24,500 ($31,800) and adjusted for purchasing power parity.

Stockholm is the only Nordic city claiming a place in the top ten, coming in ninth on 168 percent of the EU average.

Furthermore wealth in Sweden is more evenly distributed than in many other EU countries, with regions in northern Sweden as wealthy as southern Sweden (107 percent).

Western Sweden meanwhile has an indexed score of 117 percent.

The Eurostat list is topped by inner-city London with 338 percent, Luxembourg with 266 percent and Brussels with 223 percent.

Copenhagen and Helsinki make the top twenty, at 15th and 17th, with 157 and 154 percent respectively.

The contrast between wealthy northern European cities and their southern and eastern European counterparts is stark.

Romania and Bulgarian remained the poorest countries in the European Union with 47 and 44 percent respectively.

As the statistics are based on GDP figures from 2010 there will have been some changes however, with Cyprus for example still doing fairly well in the report with a GDP at 97 percent of the European Union average.

TT/Peter Vinthagen Simpson

Follow Peter on Twitter here.

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