Sweden has the highest proportion of oligarchs in the OECD

Published 13 April 2022 at 19.41

However, the fact that we have many super-rich people, thanks to our high taxes on work and almost non-existent taxes on capital income, does not mean that Swedes as a whole are better off than anyone else. The average Swede is instead much poorer than, for example, an average Briton, Australian or American.

In kronor, the United States, Germany, Japan, England or Australia have the same number of billionaires per capita. Even in Russia, where assets are considered unevenly distributed, there is a lower proportion of the super-rich than in Sweden.

Sweden is only surpassed by tax havens such as Monaco, Lichtenstein and Guernsey, which means that Sweden has the most oligarchs per capita of all OECD countries.

Since 1996, the number of billionaires in Sweden has increased from 28 to today’s 542, writes Aftonbladet.

H&M owner Stefan Persson is richest with SEK 150 billion in wealth. An employee at H&M who earns SEK 300,000 per year after tax would have to put aside everything he earns for half a million years to achieve the same wealth as the owner.

Source: Fria Tider by www.friatider.se.

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