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World's richest banker Joseph Safra dies aged 82


World s richest banker Joseph Safra dies aged 82
11 Dec, 2020 12:49 AM
5 minutes to read
Joseph Safra had accumulated an estimated wealth of $32.7 billion. Photo / AP
Financial Times
By: Michael Stott and Bryan Harris
Joseph Safra, a Lebanese-born financier who became the world s richest banker after building an international business empire from his adopted country Brazil, has died aged 82.
The scion of a banking dynasty that started by
financing camel caravans in Ottoman times from Syria, Safra followed his father Jacob to Brazil as a migrant in 1962 and helped build the family business into one of Latin America s biggest financial institutions.
Famous for his discretion and conservatism, Safra chaired until his death the Safra Group, a conglomerate spanning banking, property, cellulose and bananas. Forbes magazine estimated his wealth this month at US$23.2bn (NZ$32.7 billion), making him the world s 63rd richest person and i ....

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