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Israel Gains More Billionaires, Breaking Into Top 20 Countries for Ultra-Rich Despite Gaza War
Despite concerns about the Israeli economy amid the ongoing war against Hamas in Gaza, Israel added nine billionaires to its population over the last year, according to a new ranking.
The Hurun Report, a Shanghai- and Mumbai-based research firm, this week released its Global Rich List 2024, a ranking of the billionaires in the world in terms of US dollars. According to the findings, Israel broke into the top 20 countries for the ultra-rich with its new additions over the last year, which bring the Jewish state’s total number of billionaires to 29.
Interestingly, Israel ranked 18th on the list — Chai, the Hebrew word for “life,” is associated with the number 18, which is considered a lucky number in Judaism.
The next highest amount for Middle Eastern countries were Turkey and the United Arab Emirates, ranked 20 and 22, respectively, making the Jewish state the home of the region’s most billionaires.
The richest Israeli was Miriam Adelson, widow of the late Sheldon Adelson, a casino mogul and pro-Israel philanthropist who passed away in 2021. Her net worth was $35 billion, making her the 36th richest person in the world. Members of the Ofer family, real estate and shipping magnates, were also on the list of wealthiest Israelis.
The new ranking came at a time when Israel’s economy, though suffering through a war, has seen some levels of growth. For example, Israeli startups raised nearly $2 billion in the past 90 days, according to Startup Nation Center. Some investors have remarked that the funding activity in the country is the highest they have seen in years.
On the economic level, GDP dropped by nearly 20 percent in the final quarter of 2023, though economists have not warned of any serious recession risks — barring a massive flareup in Israel’s north — due to the fact that historically Israel’s economy has bounced back quickly following wars and disasters. Additionally, the country has a low debt ratio, meaning that the Bank of Israel can issue bonds to print more currency without inflicting serious long-term damage to the economy, experts say.
After Hamas terrorists attacked Israel on Oct. 7 and launched the war in Gaza, hundreds of thousands of Israeli reservists — many of whom were ordinary citizens working civilian jobs — were called to service, putting a strain on the Israeli economy. However, many reservists have come home in recent weeks as Israel has made military gains on the ground.
Topping Hurun’s list was China, which lost 155 billionaires in 2023 but still maintained 814 in the country. Shortly behind was the US with 800. India sat well behind in third place with 271 billionaires.
According to the report, there are in total 3,279 billionaires in the world — 167 more than last year. The research agency attributes the boom in large part to artificial intelligence, which accounted for the work of more than half of the new billionaires.
The post Israel Gains More Billionaires, Breaking Into Top 20 Countries for Ultra-Rich Despite Gaza War first appeared on Algemeiner.com.
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Israel Destroyed Top Secret Iranian Nuclear Weapons Site
JNS.org – The Israeli airstrikes on Iran last month destroyed a secret nuclear weapons research facility in Parchin, 19 miles southeast of Tehran, Axios reported on Friday.
The clandestine site held sophisticated equipment used for testing explosives needed to detonate nuclear devices, the report read, citing three US officials, one current Israeli official and one former Israeli official.
The Washington-based Institute for Science and International Security acquired high-resolution satellite imagery of the facility, which showed that it was completely destroyed in Israel’s Oct. 26 attack.
Israeli and US intelligence agencies began noticing activity in the Taleghan 2 facility in the Parchin military complex in early 2024, which had been largely inactive since 2003, when the Islamic Republic froze its military nuclear program, according to Axios.
One unnamed US official quoted in the report said: “[The Iranians] conducted scientific activity that could lay the ground for the production of a nuclear weapon. It was a top secret thing. A small part of the Iranian government knew about this, but most of the Iranian government didn’t.”
Although President Joe Biden asked Jerusalem not to target Tehran’s nuclear facilities, the site in Parchin was chosen as a target because it was not part of Iran’s declared nuclear program.
This placed the mullah regime in a position where admitting a hit to the site would expose its efforts to resume activity forbidden by the Treaty on the Non-Proliferation of Nuclear Weapons.
Moreover, “The strike was a not so subtle message that the Israelis have significant insight into the Iranian system even when it comes to things that were kept top secret and known to a very small group of people in the Iranian government,” the report cited a US official as saying.
Last week, Rafael Grossi, the director of the United Nations’ International Atomic Energy Agency, visited Iran for the first time since May.
He is expected to meet with his agency’s board of governors in Vienna this week for a vote on a resolution to censure Tehran for its lack of cooperation with the U.N. nuclear watchdog.
Speaking about the tensions between Israel and Iran, Grossi said during a news conference in Tehran on Thursday that the Islamic Republic’s “nuclear installations should not be attacked.”
Earlier in the week, Israeli Defense Minister Israel Katz suggested that Iran’s nuclear facilities may be targeted.
Iran is “more exposed than ever to strikes on its nuclear facilities. We have the opportunity to achieve our most important goal—to thwart and eliminate the existential threat to the State of Israel,” Katz said.
Israel’s two assaults against Iran’s air defense system this year have left the country vulnerable to future attacks, with all four of Tehran’s Russian-made S-300 surface-to-air missile batteries destroyed, according to U.S. media.
On April 19, Israel took out one of the S-300 systems in response to Tehran’s first-ever direct attack against the Jewish state. On Oct. 26, in response to a second Iranian attack, Israel targeted 20 sites in Iran, destroying the remaining three.
“The majority of Iran’s air defense was taken out,” a senior Israeli official told Fox News.
The post Israel Destroyed Top Secret Iranian Nuclear Weapons Site first appeared on Algemeiner.com.
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Yemen’s Houthis Say They Attacked ‘Vital Target’ in Israel’s Eilat
Yemen’s Houthi forces attacked “a vital target” in Israel’s Red Sea port city of Eilat with a number of drones, the Iran-aligned group’s military spokesperson Yahya Saree said on Saturday.
The terrorist group has launched dozens of attacks on international shipping in the Red Sea region since November in solidarity with Hamas.
“These operations will not stop until the aggression stops, the siege on the Gaza Strip is lifted, and the aggression on Lebanon stops,” Saree added in a televised speech.
The Houthi attacks have upended global trade by forcing ship owners to reroute vessels away from the vital Suez Canal shortcut, and drawn retaliatory U.S. and British strikes since February.
The post Yemen’s Houthis Say They Attacked ‘Vital Target’ in Israel’s Eilat first appeared on Algemeiner.com.
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Muslims from ‘Abandon Harris’ Campaign Gutted by Pro-Israel Cabinet Picks
JNS.org – Muslim leaders in the United Stated who called for supporting President-elect Donald Trump at the expense of Democrat runner Kamala Harris are deeply disappointed with the former president’s Cabinet nominees, Reuters reported on Thursday.
“It’s like he’s going on Zionist overdrive,” Abandon Harris campaign co-founder Hassan Abdel Salam, a former professor at the University of Minnesota Twin Cities, said about Trump’s recently announced picks.
“We were always extremely skeptical. … Obviously we’re still waiting to see where the administration will go, but it does look like our community has been played,” Abdel Salam told Reuters.
Rabiul Chowdhury, a Philadelphia investor who chaired the Abandon Harris campaign in Pennsylvania and co-founded Muslims for Trump, was cited as saying: “Trump won because of us and we’re not happy with his secretary of state pick and others.”
Some political strategists believe that the Muslim vote for Trump, or the renunciation of Harris, helped tilt several swing states such as Michigan in the favor of the Republican candidate.
“It seems like this administration has been packed entirely with neoconservatives and extremely pro-Israel, pro-war people, which is a failure on the side of President Trump, to the pro-peace and anti-war movement,” said Rexhinaldo Nazarko, executive director of the American Muslim Engagement and Empowerment Network.
On Wednesday, Trump named Sen. Marco Rubio (R-Fla.) as his choice to be secretary of state.
Rubio is known for his staunch pro-Israel stance, including calling on Jerusalem earlier this year to destroy “every element” of Hamas and dubbing the Gaza-based terrorist organization as “vicious animals.”
Rubio joins a slew of pro-Israel officials Trump has tapped since he won the U.S. election, including former Arkansas governor Mike Huckabee as ambassador to Israel and Rep. Elise Stefanik (R-N.Y.) as his U.N. ambassador with a seat in the Cabinet.
Blaise Misztal, vice president for policy at the Jewish Institute for National Security of America (JINSA), told JNS that Trump’s focus so early in the transition process on Israel-related foreign policy picks is a mark of how his second administration will approach the region.
“That, in and of itself, signals that President Trump and his administration are going to take the region, the Middle East, the threats confronting Israel, seriously and take the U.S. friendship with Israel seriously,” Misztal said.
“The people that we’ve seen are known to be tremendously strong friends of Israel, first and foremost, but also very clear-eyed about the threats that the United States and Israel face together in the region.”
Before the election on Nov. 5, Trump promised Arab and Muslim voters he would restore stability in Lebanon and the Middle East, while criticizing the current administration’s regional policies during campaign stops targeting Muslim communities in Michigan.
Trump recently addressed Lebanese Americans, stating, “Your friends and family in Lebanon deserve to live in peace, prosperity and harmony with their neighbors, and this can only happen when there is peace and stability in the Middle East.”
Israel has been at war for more than a year on its southern and northern borders, ever since Hamas led a surprise attack on communities near the Gaza Strip border on Oct. 7, 2023, murdering some 1,200 people and abducting 251 more into the Palestinian enclave. A day later, Hezbollah joined Hamas’s efforts by firing rockets into Israel’s north.
The post Muslims from ‘Abandon Harris’ Campaign Gutted by Pro-Israel Cabinet Picks first appeared on Algemeiner.com.
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