Israel millionaire migration

For years, Israel has stood out as a rare economic bright spot in a turbulent region. The country’s thriving tech sector, nicknamed Silicon Wadi, along with its vibrant culture, Mediterranean climate, and attractive tax policies, drew ambitious entrepreneurs and investors from across the globe. Between 2013 and 2022, Israel attracted a net inflow of over 10,500 high-net-worth individuals, solidifying its position as one of the world’s top destinations for millionaire migration. However, the outbreak of war in 2023 has dramatically altered Israel’s status as a magnet for the wealthy. In a stunning reversal, Israel flipped from a net inflow of 1,100 millionaires in 2022 to a net outflow of approximately 200 millionaires in 2023. This seismic shift underscores how swiftly conflict can unravel a country’s appeal to the world’s wealthy and globally mobile.   A nation under siege: Israel’s mounting risks The ongoing war has not only shattered Israel’s image…