07.06.2011 5.Siwan, 5771 Erew Schawuot; Tag 49 des Omer
Israel’s exclusive club of billionaires became a little less exclusive last year with the addition of five new members. Crisis who?
Two and a half years after the great financial crisis erupted, Israel’s rich have overcome. In fact they’ve grown even richer during the last year and the list of Israeli billionaires has expanded. The combined wealth of the 500 richest people in Israel comes to $87.8 billion, reports the TheMarker Magazine, an increase of $9 billion or 12% compared to the 2010 edition. (The calculation is from February 2010 to April 2011.)
Let’s put that figure into proportion. The combined wealth of the 500 richest people in Israel is 25% higher than Israel’s national budget for 2011….