LUGANO, Switzerland,  -- Wealth-X, the ultra high net worth (UHNW) business development solution for Global Private Banks, Educational Institutions, Luxury Brands and Non-Profits, has released a list of the top 25 wealthiest individuals in France, Italy, Germany and Switzerland (FIGS). The total wealth of these individuals stands at over US$367 billion.

 "The FIGS list covers individuals from countries that are core centers of wealth in continental Europe," Gianluigi Bianchi, Managing Partner for Wealth-X Europe, said. "In spite of the protracted Eurozone crisis, these individuals have consolidated or grown their wealth."

Ingvar Kamprad, founder of IKEA, tops the list with a net worth of US$43.1 billion. Kamprad is known as much for his immense wealth as for his parsimony; the only luxury he reportedly allows himself is an occasional helping of caviar.

The textiles, apparel and luxury goods sector dominates, representing 24% of industry sectors represented in the list. This is followed by finance, banking and investment at 16% and food products at 12%.

Mykolas Rambus, CEO, Wealth-X, said, "Be it affordable furniture or luxury goods, the consumer goods sector has clearly dominated the list. In particular, rising demand from a growing middle class across Asia is a significant driver of the wealth growth for the richest individuals on the FIGS list."

 "Asia is key to wealth growth in continental Europe. In order to engage the ultra wealthy in continental Europe, banking professionals may wish to focus on understanding these individuals' global businesses as well as their needs in terms of business expansion in Asia," he added.

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.

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