Millionaires, according to the report, are those with $1 million or more in financial assets, not including capital invested in assets and deducting any debts.
The number of millionaires in Israel in 2010 totaled 10,153 compared to 8,419 last year. Their disposable income is about $52 billion, compared to financial wealth of some $43 billion the previous year (a 20.9% increase).
Israel had 99 multimillionaires in 2010 compared to 83 the previous year – a 19% rise. Multimillionaires are those whose wealth exceeds $30 million, not including capital invested in assets and deducing any debts.
The impressive growth in the number of millionaires in Israel is the result of a 20.6% increase in financial holdings in the capital market and a 16% rise in prices for non-financial assets (such as real estate).
Addressing global figures, the number of millionaires worldwide and their capital set a new record in 2010, exceeding their number in 2007 – the last year to record a growth before the global financial crisis broke out.
The number of millionaires worldwide in 2010 was 10.9 million, an 8.3% rise. Their financial wealth grew 9.7% to reach $42.7 trillion.
These figures on the wealth of the world's millionaires and multimillionaires point to a continued recovery in the world's financial market, which has completely erased the losses of 2008.
Erez Romas contributed to this report
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