EYAL OFER (A Brief Biography; Israel)

 EYAL OFER (A Brief Biography)

Eyal Ofer, chairman of Global Holdings, Zodiac group, Ofer Globel, is a shipping tycoon, Monaco based real estate entrepreneur and a major philanthropist of Israel and has been listed as Israel’s richest man of the year 2021 with a net worth of $11.9 Billion. Sammy Ofer and Aviva Ofer gave birth to Eyal Ofer in 1950 in Haifa, the third-largest city of Israel. Sammy Ofer, his father, was shipping magnate and richest man for years and Aviva Ofer, his mother, was a housewife. Sammy Ofer extensively expanded his business of shipping by owning several companies including ZIM, Oil Refineries Limited, Royal Caribbean Cruise Line, etc. Later in 2011, Eyal Ofer Ainherited half of his father’s shipping empire and expanded it significantly.

He graduated from a United Kingdom-based international boarding school, UWC Atlantic College. From 1967-1973, he served the Israeli Air Force as an Intelligence officer. Later, he went to London to study Law. During his teenage, he worked for his family company, scraping the sides of the boats, helping in loading cargo, repainting the boats as well as travelling to international ports. In the 1980s, he started off his career in the shipping segment in International Maritime Transportation. Eyal is married to Marilyn Ofer and is the father of four children. His family resides in Monte Carlo, Monaco. In 2008, his family resided in west London. He is very passionate about art and possesses collections of modern, impressionist and contemporary artworks, half of which he inherited from his father’s most magnificent collection.

Business:

Ofer Global: Ofer Global is Monaco based group of private international businesses primarily focused on shipping, real estate investments, energy, technology, and banking in Australia, Europe, New Zealand, North America.

Zodiac Group: In 1970, Eyal laid the basis of Zodiac Group alongside his father and turned it into the worlds’ largest shipping enterprise which is privately owned. Currently, Zodiac Maritime & Tankers is operating a fleet of more than 160 vessels going into the ocean and trading worldwide. Some ships and vessels are under construction as well.

Global Holdings: In 1980, he established a real estate company named Global Holdings in New York City. He invested in Park Avenue South properties and rented them to different firms of law and public relations. Over years, he managed to assemble it into an empire with more than 10 million square feet of real estate, especially hotels and luxurious residential developments, and prime large-scale commercial buildings in Manhattan. His empire also includes Altria Building- 120 Park Avenue, 15 Central Park West, The Greenwich Lane developments. He holds a major controlling stake at “Miller Global Properties”, which is a large investment fund in real estate of North America and Europe. Today, Eyal owns almost 50 properties in four countries.

O. G. Energy: In 1990, he laid the foundation of ‘OMNI Offshore terminals’, which is a global provider of FPSO assets to offshore industries of oil and gas. Presently, he also leads the O.G energy division group, which focuses on renewable energy through wind, solar and forestry. In 2017, he took over the New Zealand Oil and Gas by 70% and he acquired 40% stakes of Australia based Beach Energy’s Otway Bassin assets in 2018. In 2017, he launched an LP Venture Capital fund named ‘O.G. Tech’ which focused on investing in technological startups.

Banking: Eyal holds a stake in the Bank of Isreal, Mizrahi Tefahot.

Eyal & Marilyn Ofer Family Foundation: He along with his wife established a philanthropic foundation named ‘Eyal & Marilyn Ofer Family Foundation’ in 2013 to carry out his humanitarian traditions, to support different institutions and departments of art, culture, and education by giving charity. This foundation aspires to improve living and bring valuable changes in the field of arts by supporting charities financially. Since then, he had donated a significant amount to Tate Modern, National Maritime Museum. Tel Aviv Museum of Arts and so on. He created funds for people in need of life-saving drugs and medicines as well as several educational scholarships. Chairmanship and board membership:

From 1991-2011, he served as chairman and CEO at Deerbrook Limited and Carlyle MG Limited. Currently, he is chairman of multi-generational, Ofer Global Group and Eyal & Marilyn Ofer Family Foundation. He is a board member of ‘Royal Caribbean Cruises, Limited’ since 1995 and is serving as an advisory board member of ‘Bloomberg New Economy Forum’ since 2018.

Significant Successes

Eyal’s fortune originated from Ofer Global’s shipping business started by his father in 1960, which expanded significantly into diversified sectors including real estate, banking, energy, etc. in the 1970s after graduating. He turned his attention to the U.S market in the 1980s and establishes his real estate empire. Eyal gained international fame and became an American real estate business tycoon by purchasing the Mayflower Hotel on Central Park West, a luxurious residential building, developed in 2008 which is considered his most successful investment to date and is called ‘the house of outrageous fortune. In 2012, Eyal sold a unit at 15 Central Park West New York as the most expansive apartment sale for 88$ million. Moreover, in 2014, while acknowledging his contributions to the maritime and shipping industry, Eyal was honoured with a lifetime membership of Baltic Exchange London. He was ranked 10 in Lloyd’s List of top 100 influential people in the maritime industry in 2016. Furthermore, Moving into Oil and Gas business proved to be the ultimate success as it increased Eyal’s impact on global shipping in long term.

Although Eyal is busy signing mega-deals in the international market of real estate and shipping, he is a very private person in his real life and does not like media much. He does not give interviews because he thinks that the activities he does are not to show off and that he is good at doing business and not at talking. Eyal considers that the key to his successful business has been and continues to be the talent, dedication, professionalism of his staff/employees. Providing market-leading training and career development training is the priority of Ofer Global. They take full responsibility for providing a safer environment and career growth to their employees.  

 

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