icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
10 Dec, 2020 19:51

World’s richest banker Joseph Safra dies at 82 in Brazil

World’s richest banker Joseph Safra dies at 82 in Brazil

Joseph Safra, the world’s richest banker and Brazil’s richest man, has died aged 82. Safra, descended from a banking family that made a fortune financing camel caravans, was worth a whopping $23 billion.

Safra passed away on Thursday of natural causes, according to a statement by Banco Safra, the financial institution that he built with his brother Moise, who died in 2014. Safra also owned the Safra National Bank of New York and the J. Safra Sarasin bank in Switzerland, both of which catered to the ultra-rich.

Also on rt.com World’s richest banker charged in bribery scheme

His web of holdings also included a 50 percent share in banana grower Chiquita, and London’s iconic ‘Gherkin’ skyscraper.

Forbes Magazine’s 2020 billionaires estimated Safra’s net worth at $23.5 billion, making him the world’s 39th richest person, and Brazil’s richest. He was described by Forbes as the world’s richest banker, a title that now passes to Jorge Paulo Leeman, a Brazilian banking and beverage industry tycoon worth $19.9 billion.

Born in Lebanon to Jewish parents, Safra emigrated to Brazil with his father, Jacob, in 1962. His family first became wealthy long beforehand, however, by financing camel caravans in Syria during the days of the Ottoman Empire.

Safra is survived by his wife Vicky, four children and 14 grandchildren. His older brother, Edmond, was killed in an arson attack at his Monte Carlo apartment in 1999. Edmond’s nurse was later found guilty of setting the fire and jailed.

Also on rt.com Billionaires’ ‘pandemic profits’ alone could pay for $3K stimulus checks to EVERY American – report

For more stories on economy & finance visit RT's business section