S hlomo Eliahu is a self-made Israeli billionaire with a remarkable rags-to-riches story in the country's insurance and finance sectors. Born in Baghdad, Iraq, he immigrated to Israel as a teenager with his family, who were housed in a transit camp for new immigrants. He began his career in the 1950s working for an insurance company, where he learned the business from the ground up. Driven by ambition, he left to start his own insurance agency in 1966, which became the foundation of his future empire.
Eliahu's agency grew rapidly, and he eventually established his own firm, the Eliahu Insurance Company. Over the years, he became known for his shrewd and often aggressive investment style, acquiring significant stakes in other major Israeli companies. His most significant and long-cherished goal was to acquire a controlling stake in Bank Leumi, one of Israel's largest banks, a feat he eventually achieved. He also held a major stake in the insurance giant Migdal. Eliahu's career has been characterized by perseverance and a deep understanding of Israel's financial landscape, making him one of the country's most prominent tycoons.
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Shlomo Eliahu is an Israeli businessman, the self-made billionaire Chairman and Controlling Shareholder of Migdal Insurance Company Ltd., one of Israel's largest insurance and financial services groups. His career is rooted in entrepreneurial audacity and financial services.
Eliahu's philosophical approach centers on scale, stability, and long-term commitment to the insurance and financial sectors. He started his career humbly, selling insurance policies door-to-door after serving in the military. His structural contribution is tied to pioneering the modern private insurance model in Israel.
Shlomo Eliahu's strategic genius was his commitment to growth through M&A. He founded Eliahu Insurance in the 1960s (which merged with another firm). His structural contribution is immense: orchestrating the acquisition of a controlling stake in Migdal Insurance (one of the largest Israeli institutional players), securing his dominance in the financial sector. He transformed the company into a stable, long-term provider of financial security.
His wealth is secured by the colossal, long-term, stable profitability of the Israeli insurance and financial services sector.
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Founds his first insurance company (Founding).
Acquires a controlling stake in Migdal Insurance (Pivotal Acquisition/Apex).
Continues as Chairman and Controlling Shareholder, guiding the massive financial giant (Executive Oversight).
Shlomo Eliahu's wealth is concentrated in his controlling stake and executive leadership of the publicly traded financial giant, Migdal Insurance Company Ltd. (TASE: MGDL), and his private investments.
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Shlomo Eliahu's social impact stems from Migdal Insurance's role in providing essential insurance, pension, and financial planning services that contribute to the financial stability of millions of Israelis. His personal philanthropy supports various community and educational initiatives, often focused on supporting the welfare of soldiers and disadvantaged youth.
His personal philanthropy supports various community and educational initiatives.
Shlomo Eliahu maintains the professional, pragmatic style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global financial sector.
Residing in Tel Aviv, Israel, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic investment, and financial discipline.
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0% | $0.00M
+0.57% | +$9.40M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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