In the media, we always hear how high Elon Musk's net worth is or wonder how much wealth football players like Shaquiri have. In this article, we will look at this in passing, but more importantly, we will show you how to calculate your Net Worth.
Our Net Worth Calculator shows you how your net worth compares to the Swiss median wealth. By the end of this post, you'll know your net worth and how it's calculated in detail. So let's start with the Net Worth Calculator and then look at why this info is so helpful for you.
If you want to calculate your net worth, you can simply enter all asset values and all debt values in our tool. The result is simple: If you subtract the total of all assets from the total of all liabilities, you get your net worth. In a formula, this looks like this:
Net Worth = Assets - Liabilities
Nowhere else in the world are people as rich as here. More precisely: Switzerland has the highest gross per capita wealth in the world. At the end of 2023, per capita wealth according to Statista This is quite a lot - especially in comparison with countries such as Germany, as the following infographic shows.
If you want to know how the Swiss median wealth or per capita wealth is calculated, you can find this out in this contribution to wealth distribution in Switzerland.
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If you want to increase your Net Worth you only have to do the above Understanding Net Worth Formula, to know the next steps.
Time and again, you have been asked about Elon Musk's net worth as a benchmark. Since his fortune is strongly coupled to his share values, this information will probably no longer be correct this evening. Nevertheless, we would like to record the value at the time of writing this article (27.01.22): Elon Musk's net worth today is CHF 222 billion. Roughly speaking, Elon could give CHF 27 to every person on earth.
In preparation for this post, a second person kept coming up from you as a comparator. After Elon Musk, Xherdan Shaqiri's net worth was repeatedly asked for as a comparison. According to the footballer, who was born in 1991, he has Assets.org a fortune of CHF 3.5 million. In a social redistribution, Shaqiri`s fortune would therefore be just enough for 40 centimes to be distributed to all inhabitants of Switzerland.
"Intelligent people learn from the mistakes of others".
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Did you think you could calculate your net worth so easily? And would you support a fairer distribution of the world's wealth? We would be interested in your opinion in the comments. In particular, what you do with the newly gained information about your personal net worth and whether and how you would like to expand it further.
I find comparisons between different countries very difficult. In Switzerland, in particular, the attribution of pension fund assets to private assets totally distorts the picture.
It is true that the PF assets belong to you and in certain cases you can dispose of them. However, if the money is (pre-)withdrawn, this reduces the pension in old age. In this respect, it would be the same as if someone (e.g. in Germany) could mortgage/pledge his future pension (regardless of whether this is possible in practice or not). So, for a fair comparison, wouldn't the present value of future pensions have to be counted as assets, regardless of the pension system?
This way, the comparison would at least be balanced. For many people in Switzerland who convert their retirement assets to 100% as a pension, the pension fund assets are ultimately also only of a theoretical nature all the time and are not in private assets at any time.
I am completely with you, Hugo. Unfortunately, a key problem here is the data situation. Since official data is collected this way as far as I know, it's hard to make any other comparison. If you find reliable data, feel free to forward it to me at any time.
As for other pension systems with less flexibility, I don't think they should be included in a net worth determination.
If net assets are compared internationally, the purchasing power should actually also be taken into account. Or what do you think?
Incidentally, in the German example, no "equity pension" is implemented and it is purely a matter of savings assets. Swiss pension funds have a good 20% - 40% equity ratio and, in combination with the long investment horizon, can generate considerable compound interest growth. This is one of the reasons why pensions in Germany are lagging far behind.