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The number of millionaires in Israel did not increase in 2020 | Israel today

2020-10-25T14:15:03.200Z

| economyData from the Swiss bank Credit Suisse revealed that the average wealth of Israeli residents fell by 2,000 dollars this year. • It was also revealed: the billionaires in Israel also lost The headquarters of Swiss Credit // Photo: Reuters The corona plague has affected the millionaires in Israel only slightly. According to the credit report of the research department of Credit Suisse Bank for th



Data from the Swiss bank Credit Suisse revealed that the average wealth of Israeli residents fell by 2,000 dollars this year. • It was also revealed: the billionaires in Israel also lost

  • The headquarters of Swiss Credit // Photo: Reuters

The corona plague has affected the millionaires in Israel only slightly.

According to the credit report of the research department of Credit Suisse Bank for this year, the number of millionaires with financial assets including private real estate and deductible liabilities, decreased due to the declines in markets and real estate prices only by 154.

According to the Credit Suisse report, there are currently 157,286 millionaires in Israel (as of June 2020) compared to 157,440 millionaires who were in Israel at the beginning of the year.

The average wealth value of each of the Israeli millionaires is $ 3.33 million (net less all liabilities and loans), similar to the value of the millionaires' assets at the end of last year.

According to a study by the Swiss bank Credit Suisse conducted worldwide by the head of the research department, Tony Shorrock, Israel is ranked 30th on the list of millionaires in the world.

The study also shows that there are ten billionaires in Israel, each richer than a billion dollars.

The average wealth of every resident in Israel is (as of the end of June 2020) NIS 773,000 ($ 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 the average adult wealth in the world.

The report states that the total wealth of all adults in Israel currently stands at 1.231 (one billion and two hundred and thirty-one million dollars) compared to the total wealth of Israeli residents which stood at 1.233 (one billion and two hundred and thirty-three million dollars) at the end of the previous year (2019).

Each adult is worth an average of $ 3.33 million, which places Israel in 30th place among the countries of the world.

According to the report, the number of millionaires and billionaires around the world reveals that Israel ranks 18th in the number of billionaires in relation to the population.

Billionaires around the world have won - in Israel they have lost   

The ten Israeli billionaires included in the Swiss bank Credit Suisse's wealth report were lost (on paper) last June alone as a result of the corona plagues and its effects on the financial markets - $ 2.7 billion of their total wealth.

This is 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 fell 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 billions 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 Germany, Russia and Hong Kong close in on the list of billionaires, followed by India with 39 billionaires worth $ 88.8 billion per person on average, while Japan is 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 decreased in the first half of 2020 compared to the corresponding half last year, even slightly (about only one percent), due to the decline in assets as a result of the corona crisis = a decrease of 56,000 millionaires and their number now stands at 51.88 million people defined as millionaires.

But, according to Credit Suisse's report comparing the number of millionaires in the world to 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 very little, by 5,632 million new people The world has joined the Millionaires Club.

The largest increase in 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.

Source: israelhayom

All news articles on 2020-10-25

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