In this file picture taken on November 21, 2002 Lebanese-Brazilian Joseph Safra speaks on his cell phone as he arrives at a courthouse in Monaco for the beginning of the trial of former US soldier Ted Maher, accused of an arson assault that killed his brother Edmond. Pascal GUYOT / AFP
Lebanese-Brazilian banking magnate Joseph Safra, the wealthiest man in Brazil, died Thursday at age 82 of pure causes, his financial institution mentioned.
Safra, who had an estimated fortune of $23.2 billion, ranked 63rd on Forbes journal’s checklist of the world’s wealthiest individuals.
Born in 1938 to a Lebanese Jewish household in Beirut, he emigrated together with his household to Brazil, the place his father based what would grow to be Banco Safra.
In 1962, he and his brothers took over the financial institution from their father, who died the next yr.
READ ALSO: Cost Of Data Reduced By 50% Since January – NCC
They turned it into a serious monetary group, with operations in additional than 25 nations.
A patron of the humanities and philanthropist, Safra donated a part of his fortune to medical analysis and in addition bought artworks for Sao Paulo’s Pinacoteca, one of many main museums in Brazil.