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Shlomo Eliahu

Shlomo Eliahu

S. Eliahu
0.33% | + $11.66M
$3.53 B ₹ 32,067 Cr
Real Time Net Worth #1197 Ranking as of 21 Feb 2026 By Forbes

More on Shlomo Eliahu

Gender

Male

Age

90Y

Country

Israel

Born On

January, 1936

Deceased

No

Relationship Status

Married

Children

4

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Insurance, Banking)

Primary Organization

Eliahu Insurance

Titles

Founder

Sources of Wealth

Eliahu Insurance, Bank Leumi

Industry

Finance, Insurance

About Shlomo Eliahu


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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Quick Reads


  • Self-made Israeli insurance and banking tycoon.
  • Immigrated to Israel from Iraq as a teenager and grew up in poverty.
  • Founded the Eliahu Insurance Company after starting as an agent.
  • Became a major shareholder in Bank Leumi, one of Israel's largest banks.
  • Known for his tenacious and savvy investment strategy.

Early Life and Background


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.

  • Migdal Insurance (Chairman & Controlling Shareholder): The core publicly traded asset, a major provider of life insurance, pensions, and financial services (a pillar of the Israeli financial market).
  • Financial Focus: His success is built on scale acquisition and dominating the domestic market for essential insurance and retirement planning.
  • Investment Strategy: His philosophy is rooted in long-term investment in financial assets and real estate and conservative risk management.
  • Early Struggles: He began his career selling insurance door-to-door with limited formal education.

Career Journey of Shlomo Eliahu


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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Shlomo Eliahu's Timeline


1960s (approx.):

Founds his first insurance company (Founding).

2012:

Acquires a controlling stake in Migdal Insurance (Pivotal Acquisition/Apex).

Ongoing:

Continues as Chairman and Controlling Shareholder, guiding the massive financial giant (Executive Oversight).

Major Business Ventures and Investments


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.

  • Migdal Insurance (Chairman & Controlling Shareholder): The core publicly traded asset, a major provider of life insurance, pensions, and financial services.
  • Financial Focus: His success is built on scale acquisition and dominating the domestic market for essential insurance and retirement planning.
  • Investment Strategy: His philosophy is rooted in long-term investment in financial assets and real estate and conservative risk management.

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Philanthropy and Social Impact


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.

Fashion, Style, and Lifestyle


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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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Chairman and Controlling Shareholder of Migdal Insurance, one of Israel's largest insurance companies.
  • He started his career selling insurance policies door-to-door.
  • His fortune is tied to the successful monetization and scale of the Israeli financial services sector.
  • He acquired control of Migdal in 2012.
  • His philosophy emphasizes long-term asset hold and financial stability.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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