News

Brazil’s Richest Man, Joseph Safra, Dies At 82

Brazil’s Richest Man, Joseph Safra, Dies At 82

 

 

 

Lebanese-Brazilian banking magnate Joseph Safra, died Thursday at age 82 of natural causes, his bank said.

Safra, who is the wealthiest man in Brazil, had an estimated fortune of $23.2 billion, ranked 63rd on Forbes magazine’s list of the world’s wealthiest people.

Born in 1938 to a Lebanese Jewish family in Beirut, he emigrated with his family to Brazil, where his father founded what would become Banco Safra.

In 1962, he and his brothers took over the bank from their father, who died the following year.

They turned it into a major financial group, with operations in more than 25 countries.

A patron of the arts and philanthropist, Safra donated part of his fortune to medical research and also purchased artworks for Sao Paulo’s Pinacoteca, one of the leading museums in Brazil.

editor

Recent Posts

Buhari Buried In Hometown Daura

Buhari has been buried in his hometown Daura.     Glamtush reports that the remains…

27 minutes ago

Buhari’s Body Arrives In Katsina

Buhari’s body has arrived in Katsina. Glamtush reports that former president Muhammadu Buhari’s body has…

4 hours ago

Buhari’s Burial Holiday: Five Major Events Postponed

Several major events scheduled for today, Tuesday, July 15, across Nigeria have been postponed following…

5 hours ago

Aare Adetola Emmanuelking Mourns Passing Of The Awujale Of Ijebuland

Aare Adetola Emmanuelking has mourned the passing of the Awujale of Ijebuland.      …

5 hours ago

Beyoncé’s Unreleased Songs, Tour Plans Stolen In Atlanta

Beyoncé's unreleased songs and tour plans have been stolen in Atlanta.   Glamush reports that…

6 hours ago

JUST IN: Sanwo-Olu, Dapo Abiodun, Dangote, Others Arrive Katsina For Buhari’s Burial

Sanwo-Olu, Dapo Abiodun, Dangote, and others have arrived in Katsina for Buhari’s burial. Glamtush reports that Lagos State…

6 hours ago