Safra family (Brazil, Judaism)
EENI - Business School.
Sub-subject: The Brazilian family Safra (Judaism). One of the richest Banker in the World. Syllabus:
- Joseph Zafra (Brazilian Banker)
- The Safra Bank in Brazil
- The Edmond Safra Foundation
Sample of the Sub-subject: Joseph Safra (Brazil)
Sub-Subject Description: Joseph Zafra (Businessperson, Brazil).
- The Brazilian Jewish Banker, Joseph Safra, was born in Beirut (Lebanon)
in 1939, to a Jewish family with a long banking tradition.
- He is the founder, along with his brothers Edmund and Moses, and current Director of Safra Bank in Brazil.
- He ranks 46th on the Forbes list of billionaires, with an estimated net worth of 15.9 billion dollars. The magazine also considered to Joseph Safra as the richest Banker in the World.
- In 1952, the Safra family immigrated to Brazil. In 1955, the brother of Joseph (Edmond Safra) and his father (Jacob Safra) began working in Brazil by
financing assets in
- In 1956, Edmond Safra, with only twenty-four years old, founded the Bank of Foreign
Trade Development in Geneva (Switzerland). Soon, Edmond Safra decided to settle in
New York, where he founded the Republic National Bank of New York (later sold to HSBC in 1999; he donated most of his money to the Edmond Safra Foundation).
- He also donated large sums of money to the synagogue in the city of New York, the American University of Beirut, Yeshiva University and the Hebrew
University of Jerusalem.
- On December 1999, Edmond Safra was found dead at his home in Monaco. His widow, Lily Safra continued his philanthropic work, currently; she is the Director of the Edmond Safra Philanthropic Foundation.
- Recently, part of the jewels of the family were auctioned for 38 million dollars and dedicated to philanthropic causes.
- Joseph Safra founded Safra Bank in 1955; today is the sixth largest private Bank in Brazil. Mr Safra remains President of the Safra Group. The Bank
offers banking services in Europe, North and South America.
Religions and International Business