Yuli Ofer was born in 1924 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==