The financial meltdown is hurting everyone but it’s certainly hurting some countries more than others.
In Switzerland, a country of relative financial conservatism, there have so far been few repercussions, with the exception of the capitulation of UBS in the largest bailout in Swiss history. UBS aside, the Swiss economy remains in strong shape, people are still spending, and many companies are still hiring.
In Switzerland, with a population of approximately 7.5 million, one in 39 people is a millionaire. In total, 192,000 taxpayers declared a private fortune of at least $ 1 million. The numbers and percentages are doubtless higher if one factors in undeclared assets.
In Geneva (population 450,000), there are approximately 10,000 millionaires and 600 with assets over $10 million. In Vaud there are approximately 16,000 millionaires and 500 taxpayers with cash assets over $10 million. In Berne, the numbers are higher: 22,000 
taxpayers with more than $1 million and 700 with more than $10 million.
Basically, 4.15% of taxpayers are millionaires, and if you divide up the number of people reporting over $1 million, it comes to 1 in 39 persons in Switzerland (including babies and children, and elderly pensioners). A total of 7700 people in Switzerland declared more than $10 million on hand. The figures come from the Federal Statistics bureau (AFC).
The areas with the largest proportion of wealthy are those cantons with favorable taxation rates. In Switzerland, the cantons all compete for the wealthiest taxpayers with their own palette of tax advantages. The winners are Nidwald, Zug, and Schwytz. Nationally, there are roughly 0.17% of the taxpayers reporting more than $ 10 million in the bank but in the canton of Nidwald the proportion rises to 0.64%, in Schwytz .41% and in Zug 0.6%. The super-rich prefer Zug because besides having one of the most attractive tax rates, it is also close to Zurich so one doesn’t risk perishing from boredom.
Switzerland also has a bourgeoning list of billionaires, most of whom have also elected residence in one of Switzerland’s tax haven cantons.
