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Israel - 19% Drop in Number of Israeli Millionaires |
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According to the survey, published for the 13th year in a row, 5,900 millionaires live in Israel today compared to 8,200 in 2007. The total value of Israeli millionaires' wealth in 2008 was $30.1 billion, a 19.5% drop compared to the previous year.
The report also reveals that while the number of people with more than $1 million in net assets fell 14.9%, the number of millionaires in Israel dropped by an almost double rate of 28%.
A millionaire is defined as a person people with net assets of more than $1 million excluding their main home and everyday possessions. The report ranks an ultra-rich as a person with at a fortune of more than $30 million.
According to Merrill Lynch, the number of ultra-rich in Israel dropped from 97 to 73 in the past year – down 24.6%.
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Read Comments (2) — Post Yours »
1
Jun 29, 2009 at 07:02 PM Apples Says:
That's because all the millonares of once were all the people who took 49% when collecting from yidden around the world
now the yidden around the world don't have as much
2
Jun 29, 2009 at 06:36 PM dumbnumb Says:
yeah that drop is beacuse of the old ladys stuffed mattress (million$) that was thrown out