Tech Boom Floods Israel’s Silicon Valley With Cash, Exposing Divisions

TEL AVIV—Nir Zohar begun at Wix.com in 2007 as business gopher. These days, he is main operating officer at the Tel Aviv-centered site designer, with a shareholding value at minimum $56 million at recent valuations.

The forty three-calendar year-outdated, who routinely wears shorts and a T-shirt to perform, is a single of a generation of Israelis who have come to be millionaires by the country’s crimson-warm technologies market, and who are reworking Tel Aviv.