S hmuel Harlap is an Israeli businessman whose fortune is derived from two main sources: automotive imports and a phenomenally successful early investment in the technology company Mobileye. He is the chairman of Colmobil, one of Israel's largest car importers, a business founded by his father in the early 20th century. Colmobil holds the exclusive rights to import and distribute major brands like Mercedes-Benz, Hyundai, and Mitsubishi in Israel, making it a dominant player in the country's auto market.
While the car import business has been consistently profitable, Harlap's ascent to multi-billionaire status was supercharged by his venture capital instincts. He was one of the very first investors in Mobileye, an Israeli startup that developed pioneering technology for autonomous driving and driver-assistance systems. He invested in the company in its infancy in 1999 and held onto his stake as the company grew into a global leader. His bet paid off spectacularly when Mobileye was acquired by Intel in 2017 for over $15 billion, one of the largest tech acquisitions in Israeli history. This single investment transformed his wealth and cemented his reputation as an astute investor.
Advertisement