[4] However until his death Bellios would annually send a wreath to decorate the statue of Benjamin Disraeli on Parliament Square.

In the years 1887 and 1888, Belilios gave two annual scholarships valued at $60, to the students of the Hong Kong College of Medicine for Chinese and studying at the Alice Memorial Hospital.

Both are foreigners in their eyes, but, if anything they are better affected towards the Jew who they regard as Asiatic like themselves.”[9] Belilios died in London on 11 November 1905 and was buried at Golders Green Jewish Cemetery.

Research in Jewish communal archives have traced the family to Portugal where they live for severals generations as New Christians.

[13] Jewish merchants engaged in Mediterranean trade at the time was conducted business through tight familial alliances with the Sephardic community.

"[13] This mapped the business interests and offices of the Belilios family partnerships which leveraged intense ethnic networking and marriage ties into lasting trading relationships.

[13] Historians have identified the Belilios family as culturally a type known as Port Jews a concept formulated by Lois Dubin and David Sorkin as a social type that engaged in seafaring and maritime economy of Europe in the seventeenth and eighteenth century.

[14] Port Jews according to Lois Dubin were marked by a flexibility towards religion, an engagement with European culture and "a reluctant cosmopolitanism that was alien to both traditional and 'enlightened' Jewish identities.

[14] The Belilios family, like many other Sephardic Jews operating out of Livorno, positioned themselves as central merchants and brokers in the booming trade of coral and diamonds coming from the Indian Ocean.

Not travelling to India themselves they ran a family partnership in Aleppo and from there relied on a chain of mostly Mizrahi Jewish brokers and caravan traders through Syria, Iraq and Persia to connect them to their distant Hindu trading partners in the far off Portuguese colony.

[16] Rabbi Jacob Belilios was one of the main Rabbinical voices in Italy who sought to suppress the mystical visionary and kabbalist Moshe Chaim Luzzato, for fear he was of a renewed outbreak of messianism less than a century since the crisis wrought by the heretical claims of Shabbatai Zvi.

[12][19] By the early nineteenth century the Belilios no longer operated as a united family and those established in the Far East were more modest merchants.

[12] By the early nineteenth century the Belilios family established in the Far East has assimilated to Baghdadi Jewish culture and were primarily Arabic and English speaking.