The 93-year-old was a popular figure in Israel, serving twice as prime minister, then as president from 2007 until 2014.
In 1994, he was awarded the Nobel Peace Prize.
Born in Poland in 1923, Shimon Peres emigrated to what was then the British-ruled mandate of Palestine when he was 11-years-old.
He joined the Zionist fight in the 1940s and entered parliament in 1959.
He became Prime Minister in 1984 and served in the same post again in 1995.
As foreign minister in 1993, Mr Peres played a key role in the Oslo Accords between the Israelis and Palestinians that brought hope for a wider peace in the Middle East.
The agreement was signed at the White House, where then United States President Bill Clinton hailed the achievement.
"A moment when we dare to pledge what, for so long, seemed difficult even to imagine, that the security of the Israeli people will be reconciled with the hopes of the Palestinian people and there will be more security and more hope for all," Mr Clinton said.
The Polish born Peres was the ninth Israeli President. (AAP) Source: AAP
The next year, Mr Peres, then Israeli prime minister Yitzhak Rabin and then Palestine Liberation Organisation chairman Yasser Arafat were awarded the Nobel Peace Prize.
Shimon Peres expressed high hopes.
"Israel's role in the Middle East should be to contribute to a great, sustained regional revival, a Middle East without wars, without enemies, without ballistic missiles, without nuclear warheads," he said at the time.
An Israeli law student unhappy with the agreement assassinated Yitzhak Rabin in 1995, leading to Shimon Peres's second term as prime minister.
He stepped in as acting prime minister, but then lost power at the 1996 elections to the current prime minister, Binyamin Netanyahu.
In 2007, Mr Peres was elected president and he held that role until 2014.
The 93-year-old's health had been in decline this year.
He suffered a minor heart attack in January and was fitted for a pacemaker earlier this month. (Sept 2016)
Over the past few years, he had dedicated much of his time to working on relations between Israel, the Palestinians and the Arab world through his Peres Centre for Peace.
"I'm sure I shall see peace in my lifetime, even if I have to extend my life for a year or two. (laughter ...) I won't hesitate," Mr Peres declared.
But it was a wish that eluded him.
Watch: George Negus interviews Shimon Peres for Dateline in 2009
Key dates in the life of Shimon Peres
Following are key dates in the life of Israel's former president, prime minister and Nobel peace laureate Shimon Peres, who died on Wednesday at the age of 93
- August 2 1923: Born Shimon Persky at Vishneva in what was then Poland and is now Belarus, he later took the Hebrew name Peres, meaning eagle
- 1934: Arrival in British mandatory Palestine
- 1959: Elected a member of parliament for Mapai, which would later become the Labour party
- 1984-1986: Prime minister of a Labour-Likud government of national unity
- 1993: Oversees secret negotiations with the Palestine Liberation Organisation (PLO) which lead to the signing of the Oslo accords
- 1994: Awarded the Nobel Peace Prize along with Yitzhak Rabin (assassinated November 1995) and Palestinian leader Yasser Arafat (died November 2004) for their role in the Israeli-Palestinian peace process
- 1995: Succeeds Rabin after his murder on November 4 as premier and head of the Labour party
- June 2007: Elected Israel's ninth president
- July 2014: Stands down as president nine days before his 91st birthday and during the Gaza war, handing over his duties to Reuven Rivlin
With AFP.
