Millionaires abound in Israel
There are 131,000 millionaires in Israel — the fifth most worldwide in per capita terms — according to data from Credit Suisse, Globes reported.
The only countries with more millionaires on a per capita basis are the Netherlands, Hong Kong, Norway and Portugal.
The Credit Suisse Research Institute’s global household wealth report analyzed household wealth as of mid-2019, deducting debt from net asset value.
By 2024, the number of millionaires in Israel is projected to grow 32% to 173,000.
The United States has the most millionaires worldwide with 18.61 million, followed by China with 4.45 million.
Snoop Dogg reps Israeli pot industry startup
Israeli startup Seedo — which makes an automated device for growing marijuana at home — announced that pot-loving rapper Snoop Dogg will serve as the company’s brand ambassador, JNS.org reported.
“Promoting a healthier lifestyle by providing my friends and communities with products that allow for growth in unused urban spaces is something I’m all the way down with,” the rapper said in a statement posted on the company’s website. “Seedo creates cost savings and the opportunity for all people to benefit from agricultural technologies.”
The Seedo Automated Home Grow Device is described by JNS.org as “an airtight, automated system complete with an internal HD camera enabling an individual to check on plants’ progress from a smartphone via a special app without ever opening the machine’s door.” The company then incorporates artificial intelligence to analyze the plants and automatically takes action to optimize growth.
Zubin Mehta bows out of Israel philharmonic
Zubin Mehta conducted the Israel Philharmonic Orchestra on Oct. 20 for the last time as its musical director, JTA reported.
Mehta, 83, received a lengthy standing ovation after the Tel Aviv concert, as orchestra members threw flowers on the conductor and his wife. Liszt’s Piano Concerto No. 2 and Mahler’s Symphony No. 2 were included in the performance.
Mehta — who announced his planned retirement in 2016 — will now serve as the orchestra’s musical director emeritus. The Indian-born Mehta was named the orchestra’s music adviser in 1969, its music director eight years later and its music director for life in 1981.
He was the Los Angeles Philharmonic’s music director from 1962 to 1978 and held the same position at the New York Philharmonic from 1978 to 1991. JN