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Thursday, 20 October 2011 12:56 | 
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The soaring value of the Swiss franc has helped make Swiss residents the richest in the world, according to research published this week.
The latest Global Wealth Report, compiled by Credit Suisse, shows that the wealth of the average person in Switzerland has risen to £320,000. According to the research, this is the highest average in the world, and signals the first time that any country's mean per capita wealth has reached $500,000.
Switzerland is home to almost one in 20 of the world's 84,700 super-rich – those with assets of more than $50m each.
The data can be explained in part by the soaring value of the Swiss currency, which remains strong despite the Swiss government's decision to peg the franc to the euro last month. That measure, which surprised many financial experts, appeared to be an attempt to slow down the country's overheating economy.
The Global Wealth Report put Australia - which has also seen its currency appreciate sharply against the dollar - second among the world's richest, whilst Norway was third.
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