Tel Aviv is a bustling, seaside city in Israel.
Founded in 1909 as Ahuzat Bayit, the city's name was changed in 1909 to Tel Aviv, which means "hill of spring." The city was recently named one of the most expensive cities in the world.
The city is located 43 miles from the capital city of Jerusalem, along the coast of the Mediterranean Sea.
The city is within driving distance of two major airports — international hub Ben Gurion International Airport and domestic-focused Sde Dov Airport.
Tel Aviv is home to approximately 430,000 people.
The city is one of the largest in the country by population, second only to Jerusalem.
And about half of the country's total billionaire population calls Tel Aviv home.
next slide will load in 15 secondsSkip AdSkip AdRoman Abramovich is currently the richest man in Israel, with a net worth of $13.3 billion.
With a net worth of $5 billion, Tel Aviv resident Shari Arison is the richest woman in Israel.
Also among the country's billionaires is Eyal Ofer, a real estate and shipping mogul, who has owned property in the Tel Aviv area. His net worth, according to Forbes, is around $9.7 billion.
According to Forbes, Ofer has expanded his father's shipping business since inheriting it in 2001. Additionally, Ofer owns shares of Royal Caribbean Cruise Lines along with luxury property in Manhattan.
Stef Wertheimer — whose net worth totals almost $6 billion, according to Forbes — also lives in Tel Aviv.
Wertheimer is the founder and honorary chairman of the Iscar Metalworking toolmaker company. He sold the company to Warren Buffett's Berkshire Hathaway holdings company in 2006 with a $4 billion deal. He has since received the Oslo Business for Peace Award in 2010 for his efforts in Israel and Palestine.
Recently, Tel Aviv has also become home to a variety of startup tech companies, which is bringing in a new wave of fresh talent — and new money.
next slide will load in 15 secondsSkip AdSkip AdTech giants like Google have also opened offices in the city.
Facebook, too, has an office in the city.
With this influx of tech, neighborhoods have expanded. Business Insider's Hillary Hoffower previously reported that Israel's real estate prices have doubled in the past ten years. In Tel Aviv in particular, prices are rising because of tech and tourist industry success.
According to Hoffower, "The rise in luxury hotels, apartments, condos, and homes in these areas has ultimately been sparked by economic growth as well as an increase in overseas buyers and travelers."
One of the most desirable areas in the city is Neve Tzedek. According to The Wall Street Journal, an apartment in the seaside neighborhood averaged between $1.5 million and $2 million in the seaside neighborhood in 2015.
And then there's the White City, home to Bauhaus architecture.
next slide will load in 15 secondsSkip AdSkip AdOn the dining front, Israel has gained attention as a global food hub and has, over the years, boasted a variety of restaurants with Michelin-star chefs.
It also has a bustling nightlife scene.
One of Tel Aviv's most iconic streets and a major draw for the city's wealthy residents and tourists, according to Tourist Israel, is the ritzy Rothschild Boulevard. It's lined with luxury shops.
Rothschild Boulevard is also home to some of the city's luxury hotels and spas.
Members clubs are also scattered throughout the city, offering exclusive access for the superrich.
next slide will load in 15 secondsSkip AdSkip AdBut not everything in Tel Aviv comes at a great cost. The coastal city makes good use of its location: It has 13 beaches.