What is Joseph Safra’s net worth?
| Net Worth: | $25 Billion |
|---|---|
| Age: | 83 |
| Born: | January 1, 1939 |
| Country of Origin: | Lebanon |
| Source of Wealth: | Entrepreneur |
| Last Updated: | July 3, 2022 |
Introduction
Joseph Safra was a Brazilian of Lebanese origin billionaire banker.
Safra ran the Brazilian banking and investment empire, Safra Group. Safra is the chairman of all Safra companies, Safra National Bank of New York and Banco Safra, headquartered in São Paulo, Brazil.
As of December 2022, Joseph Safra’s net worth is roughly $25 Billion.
Early Life
Joseph Safra was born on the 1st of January, 1938, in Aleppo, Syria.
Safra is a Jewish Lebanese family with banking connections dating back to Ottoman times and grew up in Beirut, Lebanon.
The Safra family moved to Brazil in 1952. In 1955, Joseph’s 23-year-old brother, Edmond Safra, and his father, Jacob Safra, started working in Brazil by financing assets in São Paulo.
Career
Edmond Safra separated from his brothers Joseph and Moise. He headed to New York, founded the Republic National Bank of New York (which he later sold to HSBC in 1999 and donated most of his money to Edmond Safra Foundation).
Joseph Safra founded Banco Safra in 1955, and today, it is reportedly the 6th largest private bank in Brazil. He remains the chairman of the Safra Group offering banking services throughout Europe, North and South America.
He acquired the remaining shares of Safra Group companies from his brother Moise Safra. The two brothers maintain a shareholding in Fibria Cellulose.
In 2013, his family acquired more than a dozen properties in the U.S., primarily in New York City. They also own a portfolio of commercial real estate in Brazil.
As of December 2022, Joseph Safra’s net worth is estimated to be roughly $25 Billion.
How Did Joseph Sarfa Spend His Money?
Joseph Sarfa spent his money on his real estate in Brazil.
Joseph Sara’s Home
Sarfa owned a home in São Paulo, Brazil.
Highlights
Here are some of the best highlights of Joseph Safra’s career:
- Safra is the chairman of all Safra companies
- He paid more than £700 million to buy The Gherkin (2014)
Favorite Quotes From Joseph Safra
“As in political so in literary action, a man wins friends for himself mostly by the passion of his prejudices and the consistent narrowness of his outlook.” – Joseph Safra
“Truth of a modest sort I can promise you, and also sincerity. That complete, praiseworthy sincerity which, while it delivers one into the hands of one’s enemies, is as likely as not to embroil one with one’s friends.” – Joseph Safra
“This magnificent butterfly finds a little heap of dirt and sits still on it, but man will never on his heap of mud keep still.” – Joseph Safra
3 Success Lessons From Joseph Safra
Now that you know all about Joseph Safra’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him:
1. We Are Teachers
But as we learn, we teach others. We are all teachers in the school of life.
2. Seeds Of Success
The greatest lessons can be learned through failure. Why is this? It is because failure shows you what went wrong and what went right. Within each failure are the seeds of success.
3. The Hard Way
Appreciate your mistakes for what they are: precious life lessons that can only be learned the hard way.
Summary
Joseph Safra was a Brazilian businessman who is one of the richest people in Brazil. Joseph Safra’s family has long been made up of bankers.
The family amassed its first wealth by establishing lucrative trade routes between Alexandria, Constantinople, and Aleppo during the early part of the Ottoman Empire.
As of December 2022, Joseph Safra’s net worth is estimated to be $25 Billion.
