The coronavirus pandemic has had only a slight effect on Israel's millionaires. According to a wealth report from Credit Suisse for this past year, the number of millionaires has dropped by only 154.

The Credit Suisse report says that as of June 2020, Israel was home to 157,286 millionaires, compared to 157,400 millionaires at the start of 2020.

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According to the Swiss banking giant, which studied wealth all over the world, Israel is ranked 30^th globally in terms of the number of millionaires who live there. The study also showed that Israel was home to over 10 billionaires.

The rest of the country is living more modestly. The report indicated that at the end of June 2020, the average per capita wealth in Israel was 773,000 shekels ($221,000), compared to $222,513 at the start of the year.

The total wealth of all adult Israeli citizens currently stands at $1.231 billion, a slight decrease from 2019, when it stood at $1.233 billion.

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Since 2000, the combined wealth of Israel's citizens has more than doubled and now stands at $1.08 trillion, the report finds. However, the authors expressed concerned about Israel's rate of wealth increase compared to the growth of its GDP.

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"The report points to a positive trend that supports Credit Suisse's strategic decision to focus on the Israeli market," says Ido Ben-Haim, head of private banking for Israel at Credit Suisse.

"According to the report, 131,000 millionaires live in Israel, and that number is expected to grow by 32% in the next five years, reaching 174,000," Ben-Haim said.

In 2018, world wealth grew by 2.6% to reach a total of $360 trillion, which means that Israeli wealth comprises 0.3% of all global wealth, whereas the population of Israel makes up only 0.001% of the global population.

The richest nation in the world, according to the report, is the United States, which last year held some 10.5% of the world's wealth, or $3.8 trillion. The US was followed by China, with $1.9 trillion in wealth, and the entire continent of Europe, with $1.1 trillion.

As of the second half of 2019, which is not yet over, there are 46.8 million millionaires worldwide, an increase of 1.1 million since 2018. 18.5 million millionaires live in the US, four times the number who live in China.

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