Zug is the largest town and capital of the Swiss canton of Zug. Its name, translating from German as "pull" or "tug", originates from the fishing vocabulary; in the Middle Ages it referred to the right to pull up fishing nets and hence to the right to fish. Zug is renowned as a hub for some of the wealthiest individuals in the world and is known for its high concentration of wealth. The municipality had a total population of 30,934 in 31 December 2020.