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Stockholm swells with millionaire men

Stockholm-area men dominate the ranks of the roughly 40,000 Swedes who earn more than one million kronor ($139,000) per year, fresh statistics show.

Stockholm swells with millionaire men
Image depicts the old Swedish board game Miljonär

Nearly 39,000 people between the ages of 20 and 64 had incomes of more than one million kronor in 2008, according to Statistics Sweden (SCB).

And 86 percent of them were men.

On average, seven out of every 1,000 Swedes brings home seven-figure pay checks each year. But in the posh Stockholm suburb of Danderyd, almost one in ten people earn at least one million kronor per year.

Other Stockholm-area municipalities with a higher than average percentage of million-kronor earners include Lidingö (6 percent), Täby (4.5), Nacka (3.4), Sollentuna (3.1), Vaxholm (2.7), and Eckerö (2.2), according to a complete table of figures published in the Dagens Industri newspaper.

And while Stockholm proper has a slightly lower percentage of millionaire earners, 1.8 percent, measured in absolute numbers the Swedish capital has by far the highest number of residents with seven-figure incomes.

All told, Stockholm is home to almost a quarter of Sweden’s top earners – 9,287 – more than three times the number found in Gothenburg (2,461), and nearly nine times more than Malmö (1,052).

Two other municipalities in southern Sweden are also among those with the highest percentage of people earning more than one million kronor per year, with Lomma boasting 3 percent and Vellinge 2.7 percent.

Meanwhile, in the municipalities of Bjurholm, Norsjö, Malå, Sorsele, Dorotea, Vilhelmina and Arvidsjaur – all in northern Sweden – and Gullspång in central Sweden, not a single seven-figure-earner is to be found.

The statistics also revealed a three-fold increase in the number of million-kronor earners in Sweden between 1999 and 2008 when measured in current prices and a two-fold increase when measured in constant prices.

Despite the increase in high earners, there are still many more Swedes – 204,000 or 3.8 percent of the population – who didn’t earn a single krona in 2008, according to SCB.

The median income in Sweden in 2008 was 252,900 kronor, with the corresponding figure for men, 286,900 kronor, more than 25 percent higher than women’s median income of 225,000 kronor.

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FOOTBALL

Sweden’s football association sticks boot in over match Denmark cancelled

Sweden has demanded compensation for a women’s World Cup qualification match cancelled by the Danish Football Association (Dansk Boldspil-Union, DBU) due to a dispute over pay.

Sweden’s football association sticks boot in over match Denmark cancelled
Denmark's players training without official gear during the contract dispute. Photo: Liselotte Sabroe/Scanpix Denmark

With DBU awaiting a final decision on punishment from European governing body UEFA over the October 2017 cancellation, the Swedish demand for compensation could increase the financial consequences for the Danish association.

Håkan Sjöstrand, general secretary of the Swedish Football Association (Svenska Fotbollförbundet, SvFF), told newspaper Expressen that Sweden’s losses over the cancelled match amount to two million Swedish kronor (1.5 million Danish kroner or 200,000 euros).

“This relates to tickets, advertising for the match, food, board, logistics and a number of things regarding the match,” Sjöstrand said.

UEFA has been informed of the Swedish demand and can reportedly send the bill to the DBU should the claim be upheld.

Sjöstrand said he was unconcerned as to whether the compensation was to be paid by Denmark or by UEFA.

“We have made it clear that we wish to be compensated. How UEFA resolves that, I don’t know. Whether they can take money from a fund or forward the bill to Denmark, that’s up to UEFA,” he said.

Denmark withdrew from the match when DBU failed to reach an agreement with national team players over playing contract terms. A new contract was subsequently agreed.

Sweden was initially awarded a 3-0 victory for the fixture, while Denmark was fined 150,000 kroner (20,000 euros) and given a suspended ban from qualifying.

But Sweden appealed that decision, arguing the punishment was not strong enough.

Though a final decision on disciplinary action is yet to be reached, the claim for compensation is a separate issue.

“The [compensation] demand has nothing to do with the final disciplinary punishment,” Sjöstrand said.

Should Swedish claims for a harsher punishment be upheld, the Danes risk being disqualified from the current World Cup campaign entirely.

READ ALSO: Danish FA cancels women's World Cup qualifier against Sweden over contract dispute