12:41
Reported

News Brief

  12/6/2007, Kislev 26, 5768

Milken: Israel Worth 15 Exxon Corporations


In a "Globes" sponsored talk at Tel Aviv's David Intercontinental Hotel, financier and philanthropist Michael Milken heaped praise on Israel for its human capital. Milken is in Israel trying to foster connections between the Milken Institute, an independent economic think tank, and Israeli life sciences and cleantech industries.

He stated that in terms of assets, Israel is worth a third of the Exxon-Mobile corporation, but that Israel is worth 15 Exxons in terms of human resources.  According to the Milken Institute, Israel's human capital is worth $7.15 trillion.

Milken also spoke highly of Israelis' education level, noting that 32% of Israelis are graduate students, and 56.5% of students are women.  He also pointed out that Israel has the world's highest per capita number of life sciences patents, and said Israel could be the "research laboratory for the world."