Published on March 30 2014
Moise Safra Net Worth: $2.2 Billion
Moise Safra is a Brazilian banking magnate, who has an estimated net worth of $2.2 billion. According to Forbes, he is the 23rd wealthiest person in Brazil and the 796th wealthiest person in the world. The famous publication estimated that his fortune dropped by $200 million within a year as a result of the Brazilian stock market’s poor performance, and also due to the weakening of the country’s currency.
Safra made international headlines in 2013, when he entered into a partnership with Zhang Xin, a Chinese real estate billionaire, to buy a 40 per cent stake in the General Motors Building in Midtown Manhattan. The property was valued at $3.4 billion U.S. dollars, and the 2 billionaires (Safra and Xin) reportedly paid a total of $700 million in cash. In 2012, Safra was reported to have acquired an office building situated in London valued at $810 million.
Safra comes from a wealthy family, considering that some of his siblings are constantly featured on the Forbes Billionaires List. Joseph Safra, Edmond Safra (deceased) and Lily are also considered to be some of the wealthiest people in Brazil. In 2006, Moise Safra sold 50% of his stake in Brazilian bank Banco Safra, as well as his stakes in Safra-owned banks in Luxembourg, New York and various other locations for an incredible amount of $2 billion. The 72-year old billionaire is married, and has an auditorium that is named after him at the Albert Einstein Israel Hospital in Sao Paulo.