Brazilian banker Joseph Safra has an estimated net worth of $20.5 billion as of 2017, according to Forbes; making him the richest Banker in the world. Safra is the chairman of Safra Group.
Joseph was born in 1939 in Aleppo, Syria, to a family with banking connections dating back to Ottoman times. He grew up in Beirut, Lebanon. The family moved to Brazil in 1952. Joseph Safra founded Banco Safra in 1955. He is the chairman of all Safra companies.
Today Safra Group is an international network of companies controlled by the Joseph Safra family. It comprises banking and financial institutions, real estate, industrial operations and agribusiness. It employs more than 30,000 people across the US, the Middle East, Europe, Latin America, Asia and the Caribbean. Safra expanded into bananas in 2014 by purchasing 50 percent of Chiquita Brands International.
Safra is married to Vicky Sarfati. They have four children. Their eldest son Jacob is responsible for all international operations of the group outside Brazil, including the bank in Europe, Safra National Bank of New York and real estate holdings across the US. His other two sons Alberto and David manage Banco Safra in Brazil. The family owns a portfolio of commercial real estate in Brazil.