Long regarded as a financial sanctuary for the wealthy, billionaires these days come from more than a dozen countries and hold fortunes in everything from pharmaceuticals and kitchen appliances to private equity and jewelry.

S witzerland has long been a bastion of finance and fortune making, drawing investors and corporations from around the globe who are attracted to the Alpine country’s political stability, economic strength—and attractive tax rates. In fact, the Swiss banking sector manages over 20% of the world’s cross-border privately held assets, cementing its status as a nucleus of wealth. No one has taken greater advantage than…

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