Untitled Document
Ask your Congressperson how they can continue justifying voting for
a foreign aid package that includes $3 billion a year for Israel. The Jewish
population of Israel, 5,021,506 it should be noted, is smaller than that of
the San Francisco Bay Area which is estimated to be over 7 million.
According to World Wealth Report 2005, the number of Israeli millionaires
per capita is twice world average. Israel’s nine richest: Shari
Arison, Stef Wertheimer, Ofer family, Haim Saban, Lev Leviev, Yitzhak Tshuva,
Benny Steinmetz, Morris Kahn, Judith and Jacob Richter
Roughly 7,400 people living in Israel have liquid assets worth over USD 1 million,
among them 84 multimillionaires have fortunes worth over USD 30 million, according
to the Merrill Lynch/Capgemini World Wealth Report 2005.
The number of Israeli millionaires grew by 12 percent and the number of multimillionaires
leapt a whopping 20 percent since last year. The total liquid assets of Israel’s
wealthy class grew by 25 percent to sum USD 30 billion.
The number of Israeli millionaires per capita was twice the world average.
Uri Goldfarb, vice president of Merrill Lynch Israel for private banking, said
that the increase in the number of multimillionaires (20 percent) was significantly
higher than the world growth rate of 8.5 percent.
The wealth report reveals that in 2005, three Israelis joined the list of the
top 500 richest people in the world – lifting the number of Israelis gracing
the list to nine.
Nine richest Israelis in the world:
Shari Arison (holder of controlling interest of Bank Hapoalim):
USD 5 billion
Stef Wertheimer and his familty (Iscar owners): USD 3.5
billion
Ofer family (Israel Corporation and Bank Mizrahi): USD 3
billion
Haim Saban (Bezeq owner, made fortune in communications
and entertainment): USD 2.8 billion
Lev Leviev (holder of controlling interest of Africa Israel):
USD 2.6 billion
Yitzhak Tshuva (holder of controlling interest of Delek
group): USD 2 billion
Benny Steinmetz (real estate and diamonds): USD 1.5 billion
Morris Kahn (founder of Amdocs and Golden Pages): USD 1
billion
Judith and Jacob Richter (Medinol founders): USD 1 billion
By next year, Stef and Eitan Wertheimer are expected to overtake Arison and
reach first place as Israel’s richest people. Their fortune after selling
Iscar is estimated at over USD 7 billion. In addition businessmen defined as
“oligarchs” and Arnon Milchan, who were included in Forbes’
list of the world’s wealthiest, were left off the current tally because
they were not considered Israelis or because their wealth was not in available
assets.
The report only considers millionaires whose fortune includes over USD 1 million
in available assets, not considering money invested in fixed properties (such
as real estate). The report also reveals that very few of Israel’s wealthiest
dropped off the list since last year.
In the world
According to the report, the total fortune of all the world’s millionaires
equaled USD 33.3 trillion in 2005 – an increase of 8.5 percent compared
to 2004.
In 2005 the number of millionaires in the world grew by 6.5 percent to USD
8.7 million, and the number of multimillionaires grew by 10.2 percent to reach
85,400.
By Eli Shimoni
YNetNews.com
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