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Ranks of Israeli millionaires swell 13 percent: Merrill Lynch: Israel had 7,200 millionaires with $35 billion in aggregate assets in 2006.
- Article from:
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Globes (Tel Aviv, Israel)
- Article date:
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June 27, 2007
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Copyright informationCOPYRIGHT 2007 Globes. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Shay Niv
Jun. 27--Commenting on the Merrill Lynch and Capgemini "World Wealth Report", Merrill Lynch Israel senior VP private banking Ori Goldfarb says, "The rapid rise and unprecedented yields in emerging markets, especially Brazil, Russia, India and China, caused the world's high net worth individuals in Israel and other countries to make aggressive investments in these markets, with a focus on high yield and high risk products, such as real estate, goods and capital markets."
The "World Wealth Report" says that Israel had 7,200 persons in 2006 with net liquid assets in excess of $1 million, 12.9 percent more than in 2005. In addition, the number of Israeli ...
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