Wealthy migrants depart Israel in wake of war

For the first time in years, Israel has dropped out of the Private Wealth Migration rankings for 2024, according to the latest report by Henley & Partners, experts in international residence and citizenship by investment.

Henley's annual list identifies the top 20 countries attracting wealthy individuals. In the previous year, Israel was 12th with a gain of 600 affluent residents, down from eighth place in 2022. The war has caused a decline in interest among wealthy investors, who are now relocating their capital to more stable regions. Henley categorizes a wealthy person as having liquid assets over $1 million.

The Wealth Migration Report says, "In a reversal of fortunes, the report reveals that Israel has dropped out of the top inflows list for the first time. This represents a major turnabout as Israel has been ranked among the top ten destinations for migrating millionaires for several decades."