According to “World Wealth Report, published by the Swiss bank Credit Suisse, two percent of Israel’s citizens 0r 105,000 people cross the threshold of being a millionaire in dollars, not shekels. Of this number, 18 are considered to be billionaires (having over a billion dollars) and 25 people are estimated to have between $500 million and $1 billion. 277 people have between $100 million and $500 million.

In addition, 32 percent have between from $100,000 and $1 million while 42.5% of Israelis have between $10,000 and $100,000. There is a 19% (17,000 people) increase in the number of millionaires and one addition person has joined the club of billionaires in 2016.

However, the average Israeli debt stands at $29.8 thousand, about 14.5% of the wealth of the average wealthy person. From a global perspective, Israel represents only 0.4% of the global wealth.

The United States leads with the world’s wealth, 33.2% of it followed by China with 9.1% and Britain with 5.5%. In North America, particularly the United States, the richness indices leading the amount of millionaires, with 14.7 million people who have capital of over a million dollars, followed by Europe with 9.8 million millionaires and Asia with approximately 6 million, not including China where about 1.6 million millionaires live.

In total, world wealth in 2016 came to 256 trillion. The world has 33 million millionaires and 2,205 billionaires.

Note: In order to be included in the top decile of wealth in the world, one must have a worth of over 71.6 thousand dollars.

Half of the adults worldwide have failed to pass the minimum threshold of $2,222. In the two lowest deciles are people whose worth does not exceed $248.

(YWN – Israel Desk, Jerusalem)