Yuli Ofer

Judah "Yuli" Ofer (1924 – 11 September 2011) was an Israeli businessman in real estate and industry, and one of the wealthiest people in Israel. A member of the Ofer family, the annual Forbes magazine's list of The World's Billionaires estimated in 2011 his fortune, together with that of his elder brother Sammy, to be $10.3 billion, ranked him in 2011 as the 79th in wealthiest people in the world, and the wealthiest man in Israel.[3]

Yuli Ofer
יולי עופר
Born1924[1]
Galați, Romania[2]
Died11 September 2011
Herzliya, Israel
NationalityIsraeli
OccupationBusinessman and shipping tycoon
ChildrenDoron, Liora
RelativesSammy Ofer (brother)
Idan and Eyal Ofer (nephews)

Life and career

Yuli Ofer was born in 1924[1] in Romania. The Ofer family immigrated to Mandate Palestine while Yuli was six months old. The family lived in Haifa. Yuli Ofer served in the Israeli Defense Forces in infantry and ended his relatively long military career at the rank of major. Afterwards he began his business career in Haifa, where he supplied equipment for ships and along with his brother Sammy they both established the Ofer Brothers Group. In 1956 he and Sammy established the shipping company "Mediterranean routes".

During the 1960s and 1970s the Ofer Brothers Group became an international shipping company as Yuli Ofer became in charge of conducting the company's operations in Israel and Sammy Ofer became in charge of conducting the company's international operations. In the 1980s the Ofer Brothers Group began getting into the tanker industry in Hong Kong and Singapore. With time they also established a subsidiary company which focused on cruise ships named "Royal Caribbean". In 1994 the Ofer Brothers were among the purchasers of the controlling interest in the Mizrahi Bank, and in 1999 the family purchased the Israel's largest holding company Israel Corporation and in addition acquired several properties from the Israeli government among them the Oil Refineries in Haifa, Israel Chemicals and Zim Integrated Shipping Services.

Yuli Ofer founded the "Meliseron" company which specializes in real estate and owned several shopping malls in Israel: Ramat Aviv Mall, Renanim Mall, Kiryon Mall and 20 other shopping centers.

In 2002, the Ofer brothers separated their assets: Sammy Ofer's assets in real estate and in the Mizrahi bank was transferred to his brother Yuli, and in exchange Yuli's assets in the Israel Corporation holding company were transferred to Sammy.

Death

Yuli Ofer died on 11 September 2011, aged 87 at his home in Herzliya; his brother Sammy Ofer had died a few months prior.[4] Ofer's death sparked an inheritence dispute between his children Liora and Doron Ofer. In 2008 Yuli Ofer had changed his will to leave most of his assets to his daughter Liora.[5]

See also

References
  1. Yehuda Ofer - Obituaries, News - The Independent
  2. Magnatul israelian Sammy Ofer, nascut in Romania, a decedat la varsta de 89 de ani
  3. "The World's Billionaires:#132 Sammy Ofer & family". Forbes. 11 March 2000.
  4. "Yuli Ofer, Israeli Tycoon, Is Dead at 87". The New York Times. Associated Press. 2011-09-14. ISSN 0362-4331. Retrieved 2018-03-20.
  5. Raz, Hila; Coren, Ora (2011-10-17). "Family Feud Heats Up as Yuli Ofer Leaves Most to Daughter". Haaretz. Retrieved 2018-03-20.
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