Vicky and her family’s fortune began to be built in the mid-19th century in the Middle East
Heir of Joseph Safra, founder of Banco Safra, Vicky Safra72 years old, is considered the richest person in Brazil. According to Forbes, her fortune is US$19 billion (R$106 billion at current prices)According to data from the British anti-poverty organization Oxfam, the billionaire’s net worth is equivalent to the combined assets of half the country’s poorest people.
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While many may associate the fortune with the Brazilian bank, Vicky and her family’s fortune began to be built in the mid-19th century, in the Middle East. Specifically, Safra’s fortune has its roots in Aleppo, Syria, where the family founded Safra Frères & Cie in 1800.
Safra Frères & Cie traded currencies from countries in Asia, Africa and Europe, as well as selling silver and gold. The bank also financed camel caravans that traded throughout the vast territory of the former Ottoman Empire, which stretched from Africa and the Arabian Peninsula to the Balkans and Turkey.
The family business has been successful over time and has opened branches in Istanbul, Alexandria and Beirut. The capital of Lebanon was later chosen as the headquarters of Banco Jacob Safra, named after the family patriarch, born in 1891. In 1953, Jacob Safra moved with his family to Brazil where he founded an import and trading company and Safra Bank.
Vicky Safra
Vicky was born in Greece and moved with her family to Brazil, where she now runs the Vicky and Joseph Safra Philanthropic Foundation, a charity that works in the fields of health, education and the arts. Since March 2023, Forbes has started considering the wealth of Vicky and her children (Jacob, Esther, Alberto and David) as a whole.
The Safra family announced on Friday 19th an amicable solution to the legal dispute over the family inheritance. The dispute focused on the estate of Joseph Safra. At the head of the “fight” was Alberto (disinherited son), who was “fighting” against his mother Vicky, Joseph’s widow, and two brothers, Jacob and David.
In a statement, the family said that “under the terms of the agreement, Alberto will relinquish his interests in the J. Safra Group and pursue his business interests through ASA.” The statement also added that Joseph Safra was considered “competent to dispose of his estate.”
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Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
