Study: Israel a Top Draw for Millionaires in 2015

Illustration photo of the new 200 New Israeli Shekel bill. February 7, 2016. Photo by Nati Shohat/Flash90 *** Local Caption *** àéìåñèøöéä 200 îàúééí çãù ùèø ù"ç ù÷ìéí çãùéí ëñó
200-shekel bills. (Nati Shohat/Flash90)

Israel in 2015 was one of the world’s most popular destinations for millionaires. Some 4,000 foreign millionaires, mostly from France, came to live in Israel in 2015, increasing the number of millionaires here (in dollar terms) by 6 percent. Currently there are 71,700 millionaires in Israel.

2015 saw one of the biggest migrations of millionaires anywhere in the world, according to a study published by New World Wealth, an organization that tracks the movement of wealth around the world. Half of the newly immigrated millionaires and their families (totaling around 2,000 people) settled in Tel Aviv, where 29,000 millionaires currently live. The rest moved to Yerushalayim, Herzliya and Netanya.

Despite the seemingly high number of French millionaires who came to Israel, they were actually just a small part of the 10,000 emigrants who left France in 2015. Paris alone lost 7,000 millionaires, some 6 percent of the city’s 126,000. Some 9,000 millionaires left China, 6,000 left Italy, 4,000 India, and 3,000 Greece.

Besides Israel, big gainers of millionaires last year were the U.S. (7,000) and Australia (8,000).