Safra siblings

$7.70 B

Ranked #304 in World

About Safra siblings

Alberto J. Safra, born around 1979/1980 into a prominent Jewish family of Syrian origin, has made a significant impact in the financial sector, notably through establishing ASA Investments. Educated at the Wharton School of Business and initially working at Banco Safra, he redirected his career towards personal ventures in 2019. ASA Investments, under Safra's leadership, acquired CORE in 2022 and saw ASA Hedge topping Bloomberg's profitability chart among 188 funds in the same year. Despite challenges following his father Joseph Safra’s death in 2020, including disputes over wills, Alberto continues to influence Brazil's finance landscape, highlighted by ASA Hedge being named the best Macro Hedge Fund by Exame in March 2023. With a reported family net worth of $16.7 billion, Alberto Safra’s trajectory remains closely watched by finance aficionados.

Source Of Wealth

Banking

Industries

Finance & Investments

Citizenship

Brazil

Residence

Sao Paulo

Spouse

Maggy Candi

Children

Parent

Vicky Safra, Joseph Safra

Alberto J. Safra was born in 1979 or 1980 into a Jewish family that originally hailed from Aleppo, Syria. His parents are Vicky (née Sarfaty) and Joseph Safra (1938–2020). Alberto has three siblings: Jacob J. Safra, Esther Safra Dayan, and David J. Safra. Alberto graduated from the prestigious Wharton School of Business.

Safra siblings: Family

Alberto J. Safra comes from a prominent and wealthy family. His father, Joseph Safra, was a renowned Brazilian banker and businessman who built the Safra banking empire. Alberto's mother, Vicky, is a philanthropist and socialite. Alberto has three siblings: Jacob J. Safra, Esther Safra Dayan, and David J. Safra.

Safra siblings: Career Highlights

Alberto J. Safra followed in his father's footsteps and pursued a career in banking. He worked for his father at Banco Safra in Brazil, where he held responsibilities in corporate banking. In 2012, his father acquired 100% of Banco Safra, solidifying the family's control over the bank.

In 2019, Alberto stepped down from the bank's administration to focus on his personal projects. He founded ASA Investments, an asset-management firm based in Sao Paulo with offices in Rio de Janeiro and New York. ASA Investments has made significant acquisitions, including the real estate fund CORE in 2022.

Safra siblings: Companies

Alberto J. Safra is the founder and CEO of ASA Investments, an asset-management firm based in Sao Paulo, Brazil. ASA Investments has offices in Rio de Janeiro and New York and manages a diverse portfolio of investments.

Safra siblings: Major Achievements

Alberto J. Safra has achieved remarkable success in the financial industry. His main fund, ASA Hedge, demonstrated exceptional profitability in 2022, outperforming 188 other funds monitored by Bloomberg. ASA Hedge was ranked first in September 2022 by UOL and highlighted by G1 as one of the hedge funds with the highest return that year (318% of CDI).

Despite the challenging market conditions, ASA Hedge recorded an impressive R$1.7 billion in net raising for 2022, defying the trend of record redemptions in the Brazilian fund industry.

In March 2023, Exame's "Melhores do Mercado" recognized ASA Hedge as Brazil's best Macro Hedge Fund.

Safra siblings: Awards & Achievements

Alberto J. Safra's accomplishments have garnered recognition and accolades. In March 2023, ASA Hedge was acknowledged as Brazil's best Macro Hedge Fund by Exame's "Melhores do Mercado." This prestigious award underscores Alberto's expertise and leadership in the financial sector.

Safra siblings: Personal Life & Legacy

Alberto J. Safra is married to Maggy Candi, and together they have five children. He is known for his philanthropic endeavors and has made significant contributions to various charitable causes. Alberto's legacy is one of financial acumen, entrepreneurial spirit, and a commitment to social responsibility.

Safra siblings: Trivia

In October 2020, Alberto J. Safra's father, Joseph Safra, passed away, leaving his vast fortune to his wife and four children. Alberto challenged three new wills executed by his father in November and December 2019, arguing that his father lacked mental capacity due to advanced Parkinson's disease. As of April 2023, Alberto's mother and family have a combined net worth of $16.7 billion, according to Forbes.

In January 2023, Bloomberg reported that Alberto was close to reaching an agreement to sell his stake in Grupo J.Safra to his siblings. This potential transaction would further reshape the ownership structure of the Safra banking empire.

Wealth History

Timeline

1979/1980

Alberto J. Safra was born to a Jewish family originally from Aleppo, Syria.

2012

Alberto's father, Joseph Safra, acquired 100% of Banco Safra.

2019

Alberto stepped down from Banco Safra's administration to focus on personal projects.

2020

Alberto's father, Joseph Safra, passed away, leaving his fortune to his wife and four children.

2022

ASA Investments, founded by Alberto, acquired CORE, a real estate fund.

September 2022

ASA Hedge, Alberto's main fund, ranked first in the ranking published by UOL and emphasized by G1 as one of the hedge funds with the highest return in 2022 (318% of CDI).

2022

ASA Hedge recorded around R$1.7 billion in net raising for the year 2022, defying the trend of record redemptions in the Brazilian fund industry.

March 2023

ASA Hedge was recognized as Brazil's best Macro Hedge Fund by Exame's "Melhores do Mercado".

January 2023

Alberto reportedly close to reaching an agreement to sell his stake in Grupo J.Safra to his siblings, as per Bloomberg.

April 2023

Alberto's mother and family have a net worth of $16.7 billion, according to Forbes.

Safra siblings : FAQs

What is Safra siblings's net worth?

As of 2022, Safra siblings's net worth was $7.70 billion.

What are Safra siblings's main sources of wealth?

Safra siblings's main source of income comes from Banking.

In which industry does Safra siblings primarily operate?

Safra siblings is primarily involved in the Finance & Investments industry.

How many children does Safra siblings have?

Safra siblings has 5 children.

Who is Alberto J. Safra and what is his background?

Alberto J. Safra was born in 1979/1980 to a Jewish family originally from Aleppo, Syria. He is the son of Vicky (née Sarfaty) and the billionaire banker Joseph Safra (1938–2020), and has three siblings. Alberto graduated from the Wharton School of Business and worked at Banco Safra, a bank owned by his father, where he was responsible for corporate banking.

What significant career move did Alberto J. Safra make in 2019?

In 2019, Alberto J. Safra stepped down from his role in Banco Safra's administration to focus on personal projects. This led to him founding ASA Investments, an asset-management firm based in Sao Paulo, which later expanded its offices to Rio de Janeiro and New York.

What achievements has ASA Hedge, led by Alberto Safra, accomplished?

ASA Hedge, Alberto Safra's main investment fund, was recognized for having the best profitability in 2022 among 188 funds monitored by Bloomberg. It was ranked first in September 2022 in a ranking published by UOL and highlighted by G1 for having one of the highest returns in 2022 (318% of CDI). Furthermore, ASA Hedge was named Brazil's best Macro Hedge Fund by Exame's "Melhores do Mercado" in March 2023.

How has the Safra family fortune been managed after Joseph Safra's death?

After the passing of Joseph Safra in October 2020, he left his fortune to his wife and four children. However, Alberto J. Safra challenged three new wills his father executed in late 2019, citing concerns over his father's mental capacity due to advanced Parkinson's disease. As of January 2023, Alberto was reportedly close to reaching an agreement to sell his stake in Grupo J.Safra to his siblings.