Income inequality in Israel has steadily risen since 2000. The number of Israelis became millionaires in 2016 alone has increased by 19% (17, 000 people) from 2015. World Wealth Report by Credit Suisse claim that in 2016 2% of Israelis (105, 000 people) defined as possessing more than $1 million worth of holdings in cash, property and investments.
The majority of wealth in Israel (70%) is financial instruments such as cash and other securities, while the other 30% is comprised of real estate and other properties.
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In addition, 18 of them (with one new comer this year) are considered to be billionaires who are having over a billion dollars. 25 people are estimated to have between $500 million and $1 billion. 277 people have between $100 million and $500 million. 32% have between $100, 000-$1, 000, 000, 42.5% between $10, 000-$100, 000 and 23.5% under $10, 000.
According to the report, in the last 16 years, the average Israeli citizen’s wealth has doubled from $92, 589 to $176, 263. The medial wealth of an Israelis stood at only $54, 384—about a third of the average wealth.
NOTE: In order to be included in the top decile of wealth in the world, one must have a worth of over $71.600.
However, the average Israeli debt stands at $29.800 per person, about 14.5% of the wealth of the average person. From a global perspective, Israel represents only 0.4% of the global wealth.
The United States leads with the world’s wealth, 14.7 million people (33.2%) have capital of over a million dollars, followed by Europe with 9.8 million ( 5.5% in Britain) millionaires and Asia with about 6 million, not including China where there are approximately 1.6 million ( 9.1% ) millionaires.
In total, world wealth in 2016 came to 256 trillion. The world has 33 million millionaires and 2, 205 billionaires.
Half of the adults worlwide have failed to pass the minimum brink of $2, 222. In the two lowest deciles people whose worth does not exceed $248.