World Wealth Report: Also in Israel

crisis? Not for the rich: While the corona plague has caused hundreds of thousands of Israelis a significant deterioration in their economic situation and many of them fall below the poverty line for the first time in their lives, the rich, it turns out, suffered less from the crisis and very few of Israel’s 157 million .

And another surprise: Israel is currently ranked 18th in the number of billionaires in the world, 30th in the list of millionaires in the world and also in 20th place in terms of average wealth per adult. There are 10 billionaires in Israel, each richer than a billion dollars.

In the background, it should be noted that Israel ranks among the top OECD countries in the rate of poverty published by the National Insurance Institute every year. Meanwhile, it is expected that by 2020 the proportion of the poor in Israel will increase greatly.

The new wealth report published today (Sunday) by Credit Suisse, one of the most influential banks in the world, reveals that the Corona virus has had only a small effect on Israeli millionaires. The declines in markets and real estate prices only in 154. According to the Credit Suisse report, there were 157,286 millionaires in Israel in June, compared to 157,440 millionaires in Israel at the beginning of the year. This is a slight decrease of only about one-tenth of one percent.

The report shows that the average wealth value of each of the Israeli millionaires is $ 3.33 million net, after deducting all liabilities and loans. This is the same figure as the value of the millionaires’ assets at the end of last year.

According to the report, the average wealth of every resident in Israel is $ 220,996 compared to $ 222,513 at the beginning of the year. Israel, according to a study by Credit Suisse, is in 20th place on the list of average wealth per adult in the world. The report states that the total wealth of adults Israel currently stands at $ 1.231 billion, compared to their total wealth at the end of the previous year, on the eve of the corona crisis, which stood at $ 1.233 billion. Each millionaire in Israel is worth an average of $ 3.33 million, which places Israel in 30th place among the countries of the world.

The wealth report also reveals, as stated, that Israel ranks 18th in the number of billionaires. Of $ 2.7 billion of their total wealth.

This, while billionaires in most of the world actually recorded an increase in the volume of their wealth in that month of about 2.8 billion on average on their wealth. According to the report, the total wealth of the ten billion Israelis since the beginning of the corona plague decreased by 26% compared to an average decrease of 15.2% recorded in the total wealth of all the thousand billion worldwide.

In the list of the 20 countries with the most billionaires in the world, the United States is in first place with 358 billionaires with a total capital of $ 83.1 billion per person, as of June 30, 2020. In second place is China with 142 billionaires, whose total capital averages 103.2 billion per person Germany, Russia and Hong Kong close the top five on the list of billionaires, followed by India with 39 billionaires worth $ 88.8 billion per person on average, while Japan is only in 12th place with $ 15 billion worth $ 101 billion in total assets. The surprise is provided by South Korea in 20th place and has only 9 billionaires, but the total value reaches 109.2 on average, which exceeds that of the United States and also of China.

The number of millionaires in the world stands at 51.9 million, and it decreased in the first half of 2020 compared to the corresponding half last year, despite the severe corona crisis worldwide – by only one percent. This is a decrease of 56 thousand millionaires.

However, according to the Credit Suisse report, if one compares the number of millionaires in the world at the end of the previous year (2019) to the middle of the current year (June 2020), the number of millionaires in the world increased in the first half of the year (2020) by 5,632 million. People around the world have joined the Millionaires Club.

The largest increase in the number of millionaires was in the United States in 2193 and in China 916 while the number of millionaires in Switzerland increased in 193. The number of millionaires in Canada increased by 234 and in Japan increased by 187. The number of millionaires in Brazil decreased by 35 while the number of millionaires in Mexico decreased by 39. The number of millionaires in South Africa dropped by 12 and in Chile dropped by 9.