- - -









- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

The Swedish Wire is a media production company that provides high-quality text, image and video content for international clients.

IKEA founder biggest loser on Forbes’ rich-list

Ingvar Kamprad has fallen 151 places on the billionaires list.

How to become a billionaire - the Buffett way
Kamprad skirts taxes with 'secret' foundation  
Top 25 richest billionaires on Forbes' list

It was a record-breaking year for the rich in 2011. More than 200 people joined Forbes’ billionaires list as their numbers rose to a new record of 1,210.

Ingvar Kamprad, Swedish furniture giant Ikea's founder, was the biggest loser as his estimated fortune tumbled 17 billion dollars to just 6 billion due to tax issues. He has fallen 151 places on the list, down from 11th to 162nd place.

The 84-year-old has been accused for secretly running his empire via a foundation in Liechtenstein which supposedly helped his company avoid paying tax for years.

"The Swedish billionaire is the year's biggest loser", Forbes wrote about the Swedish super-entrepreneur, pointing out that the drop has nothing to do with the value of his thriving retailer. 

"He has fallen because his lawyers produced documents that prove the foundation he created, and heads, in tax haven Lichtenstein owns Ikea, and its bylaws bar him and his family from benefiting from its funds". 

Three Swedes are among the world's 100 richest people: H&M's owner Stefan Persson (place 13) with a fortune of 160 billion dollar, and Tetra Pak heirs Birgit Rausing (49) and Hans Rausing (81).

Mexican telecoms tycoon Carlos Slim Helu remained the world's richest person, but Asia is where today's big money is flowing, Forbes magazine said in its 2011 list of the world's billionaires.

Slim, who is almost unknown to the general public outside Mexico, weighed in at a staggering $74 billion of net wealth thanks to his telecoms empire. Already the top dog last year, he increased his fortune by $20.5 billion dollars.

In a now familiar second place was Microsoft founder Bill Gates with $56 billion. The relatively lowly ranking reflected his enormous philanthropic give-aways over the year, Forbes said.

Next up was US investment guru Warren Buffett and Bernard Arnault from the luxury goods group LVMH with $50 billion and $41 billion respectively.

But outside this cozy billionaires' club, a tidal wave of money is flowing across Asia, which helped lift the total world population of billionaires to a record 1,210 from 1,011 last year.

The United States still leads with just over 33 percent of the world's mega-rich, but that is down from about half a decade ago. Surging forward is the Asia-Pacific region, which overtook Europe for the first time.

"The global economy is recovering, but it's not spread all across the board," said Steve Forbes, editor in chief of the business magazine. "The list reflects the extraordinary changes taking place in the global economy."

The billionaire surge saw an increase in China from 69 to 115, Hong Kong from 25 to 36, India from 49 to 55 and across Asia-Pacific as a whole from 234 to 332.

There are "literally millions of people around the world who have the opportunity to be creative," Forbes said.

European gains, led by Russia's commodities barons, were largely due to Asian appetite for raw materials, or, in the case of LVMH, luxury goods.

"China really set the tone this year," said Forbes senior editor Luisa Kroll. "Asia for the first time has more billionaires than Europe."

Kroll said the dynamics behind Asian success were booming stock markets and business-friendly governments.

"It is much easier to get rich today if you go live in Shanghai. If I were 22 years old and an entrepreneur and maybe could speak Mandarin... I'd high-tail it there," she said.

With much of the world still feeling the aftershocks of a deep recession, the annual ritual of the billionaires list can at first seem out of touch with reality.

But Forbes editors said most of the names on the list were themselves people who had made good after overcoming difficulties and failures.

"These are people, contrary to the Hollywood myth... these are very scrappy individuals, very focused individuals," Forbes said.

Kroll said people who become billionaires need luck and determination, but also a little extra.

"They are unique people. Sometimes I think they're a little offbeat," she said.

Last Updated (Thursday, 10 March 2011 14:57)


Latest Jobs for English speakers in Sweden


Jobs for English speakers in Sweden

Most Read Searched