Early Life
Shlomo Eliahu's journey began in Baghdad, Iraq, where he was born in January 1936. At the age of 14, he immigrated to Israel with his family, starting their new life in a temporary absorption camp. After the death of his father, he became the primary breadwinner for his family.
Rise to Success
After a brief apprenticeship, Eliahu worked as a messenger for the Migdal Insurance Company. He later became an independent insurance agent, and in 1955, he opened his own insurance agency in Tel Aviv. His career took a significant turn in 1966 when he founded the Eliahu Insurance Company. This company became the first firm in Israel licensed to sell insurance and expanded rapidly, becoming one of Israel's leading insurance groups.
Key Business Strategies
Eliahu's success is attributed to his strategic vision and ability to identify opportunities. He expanded his business ventures, holding shares in various insurance companies and later, in the 1990s, venturing into the banking sector. He acquired significant stakes in Bank Leumi and Union Bank of Israel. In 2012, Eliahu acquired controlling interest in Migdal Insurance, fulfilling a long-term goal.
Philanthropy
Shlomo Eliahu is known for his significant philanthropic contributions, supporting education, health, and welfare initiatives. He has been involved with organizations like Aleh, which provides care for children with disabilities, and Tel Aviv University, where he funds scholarships.
