The number of millionaires in Israel grew faster than that in all but two countries last year, by some 43 percent. hat is faster than all but China and Hong Kong, according to a new report by Meryll Lynch.
During 2009 there were over 10 million millionaires throughout the world, holding together assets worth over $39 billion, while in Israel there were 8,419 millionaires.
The climb is due to a 40 percent rise in the number of financial share holders in Israel’s stock market, and in a 15.5 percent rise in real estate prices.
This is the 14th year in which Meryll Lynch has published a report on the world’s millionaires, which they define as someone who has over $1 million in liquid and available assets, not including real estate investments. The report defines a multi-millionaire as someone whose fortune amounts to $30 million or more.
Fundermentalist’s take: Just something to think about as we ponder philanthropic allocations, domestic need vs. needs in Israel, and the need to really cultivate Israel’s own philanthropic pipeline.