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Last update - 20:33 24/06/2008 World Wealth Report: People in Israel get richer faster By Michal Ramati, TheMarker Correspondent Tags: merrill lynch  The number of millionaires in Israel grew twice as fast as the rate in any other country in 2007 according to the 11th annual Merrill Lynch / Capgemini World Wealth Report published Tuesday. The number of millionaires in Israel jumped 13.6 percent, up 1,000 people to a total of 8,200 millionaires. The number of multi-millionaires grew 12 percent in Israel to 97 individuals. The number of high-net-worth individuals (HNWI) in the world grew by 6 percent to reach 10.1 million people, and their wealth increased by 9.4 percent to total $40.7 trillion. The number of multimillionaires worldwide increased last year by 8.8 percent to 103,320 individuals. The average worth of HNWI's assets crossed the $4 million mark for the first time. Advertisement The data that appears in the report is gathered through macro-economic figures that reflect the division of wealth within countries in accordance with a model that was developed in the 1980s by Capgemini and Merrill Lynch. Rather than individually gathered data, the report includes data collected from governments, the World Bank and the International Monetary Fund, among others, regarding division of wealth and worth of assets. A millionaire is defined in the report as someone who has at least $1 million in liquid assets, not including real estate investments. A multimillionaire is defined as someone who has at least $30 million in bank accounts. Sigal Shapira, the director of private banking at Merrill Lynch Israel said that the impressive growth among Israeli millionaires, which is twice the global average, stems among other things from the wealth garnered by share holders in Israeli companies. According to Shapira, these people took advantage of Israel's financial markets to garner large capital revenues and amass large amounts of cash surpluses. Bookmark to del.icio.us   Haniyeh's plea Hamas leader in Gaza says rocket fire must stop for sake of Palestinians. Softening position Shin Bet agrees to free prisoners 'with blood on their hands' for Shalit.   1.   If you love money then you will find yourself with riches 20:53  |  Prophet Profit 24/06/08   2.   Great! So no more American welfare checks for Israel! 20:55  |  Working American 24/06/08   3.   what you lack in petrol is more than made up for w/ brain. 21:08  |  frenz 24/06/08   4.   Could it be Uncle Sams Tax cuts? 21:55  |  John 24/06/08   5.   Israel get more US foriegn aid than world compined. No wonder!! 21:56  |  John 24/06/08   6.   While US folks lack health cover....these still get more aid. 21:57  |  John 24/06/08   7.   World Wealth Report: People in Israel get richer faster 22:06  |  john 24/06/08   8.   #3 Well, of course they do 22:08  |  ballistic 24/06/08   9.   #5: you are ignorant of the facts 22:52  |  david 24/06/08   10.   That`s because most of the damn politicians are taking bribes!! 23:03  |  Rueben 24/06/08   11.   Re: John, you`re completely wrong 23:10  |  Ethan 24/06/08   12.   and poverty is as high as ever!! 23:22  |  saddened tel aviv 24/06/08   13.   Absolutely right: parasites grow fast 23:27  |  Ulf 24/06/08   14.   JOHN: NO NO NO 23:34  |  Brant 24/06/08   15.   #2 00:25  |  Jane 25/06/08   16.   The hate from some of the talkbacks is quite amusing 00:37  |  David G 25/06/08   17.   working american 00:47  |  Joe 25/06/08   18.   WORKING AMERICA WHAT WELFARE CHECKS 01:33  |  TOBIA 25/06/08   19.   Here is one reason 01:47  |  Labhras 25/06/08   20.   Oil at 140$, people in Iran get richer & closer to beome nuclear 03:44  |  Aounist 25/06/08   21.   WORKING American.ISRAEL gets military aid,welfare goes to Arabs 06:36  |  PETER SM 25/06/08   22.   17 Labhras did you try to divide the some ? 07:34  |  I did 25/06/08   23.   JOE why let facts get in the way?Just add up what Arabs get 08:17  |  PETER SM 25/06/08   24.   JOE why let facts get in the way?Just add up what Arabs get 08:17  |  PETER SM 25/06/08   25.   Rusell`s Advice 11:21  |  Big Ray Rusell 25/06/08   26.   Jews have been and are the wealthiest people 19:34  |  candida 25/06/08   27.   jewish wealth 09:28  |  dano 29/06/08

Read & React German prof.: Israeli athletes willfully sacrificed themselves in Munich massacre Responses: 36 Cabinet set to vote on Hezbollah swap deal Responses: 1 The New Yorker: U.S. escalating covert operations on Iran Responses: 4 Zvi Bar'el: Israel would rather deal with militants than states Send response Rosner's Domain Can Israel legaly attack Iran with nuclear weapons? Is Time's Joe Klein being honest when he criticizes Joe Lieberman? "The war in Iraq was inevitable" (WTR) Poll: exchange deal with Hezbollah, good or bad? Do Jews have special responsibility over Darfur? (WTR) More Headlines 08:08 Cabinet set to vote on Hezbollah prisoner swap 07:38 ANALYSIS / Five myths about prisoner swaps 09:34 The New Yorker: U.S. escalating covert operations against Iran 09:39 More than week into cease-fire, Israel reopens Gaza crossings 08:47 Palestinians: Israeli troops kill youth in West Bank 07:14 Bereaved father: Who will protect my sons once terrorists are released? 07:12 Sarkozy's visit / The real fruit is economic 07:35 Peer shocks Safina to slide into Wimbledon fourth round 09:22 Israel wants Hamas to commit to Shalit talks independent of truce 07:16 Tie a yellow ribbon: Israeli mothers hold protest calling for Gilad Shalit's release 07:18 Ex-POW: Don't declare troops dead, as I was 07:59 German prof.: Israeli athletes willfully sacrificed themselves in Munich massacre 07:29 MKs prepare for bills making it harder to cede parts of Jerusalem 09:41 Two people killed in separate car accidents Previous Editions Select Day 27 jun 26 jun 25 jun 24 jun 23 jun 22 jun 20 jun 19 jun 18 jun 17 jun 16 jun 15 jun

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