Alberto J. Safra (born 1979/1980) is a Brazilian-born businessman who founded ASA Investments and is a member of the

Safra family Safra or SAFRA may refer to: People (surname) * Alberto J. Safra (born 1979/1980), Brazilian banker *Edmond Safra (1932–1999), Syrian-Brazilian banker *Jacob Safra (1891–1963), Syrian banker *Jacqui Safra (born 1948), Swiss investor and actor ...

Biography

Safra was born to a

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

family originally from

Aleppo )), is an adjective which means "white-colored mixed with black". , motto = , image_map = , mapsize = , map_caption = , image_map1 = ...

Syria Syria ( ar, سُورِيَا or سُورِيَة, translit=Sūriyā), officially the Syrian Arab Republic ( ar, الجمهورية العربية السورية, al-Jumhūrīyah al-ʻArabīyah as-Sūrīyah), is a Western Asian country loc ...

, the son of Vicky (née Sarfaty) and

Joseph Safra Joseph Safra ( ar, يوسف صفرا‎; 1 September 1938 – 10 December 2020) was a Swiss-based Lebanese Brazilian banker and billionaire businessman, who ran the Brazilian banking and investment empire, Safra Group. Joseph Safra was the ch ...

(1938–2020) He has three siblings: Jacob J. Safra, Esther Safra Dayan (married to , son of

Sasson Dayan Sasson Dayan is a Lebanese-born Brazilian banker and co-founder of Banco Daycoval. Biography Sasson was born on April 1, 1940 in Lebanon to a Jewish family where he worked at Casa Bancária Salim A. Dayan, a bank founded by his father. In the 19 ...

), and David J. Safra. He graduated from the

Wharton School of Business The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in ...

. and then went to work for his father where he shared responsibility for

Banco Safra Banco Safra is a Brazilian financial services company headquartered in São Paulo, Brazil. It is the seventh largest banking institution in Brazil, and the nineteenth largest in Latin America. It provides services in investment banking, privat ...

in Brazil with his younger brother David (Alberto was responsible for corporate banking while David was responsible for investment banking). His brother Jacob managed the Safra group's international operations (

Safra National Bank of New York Safra National Bank of New York (SNBNY) is a nationally chartered U.S. Bank supervised by the Office of the Comptroller of the Currency and member of the Federal Reserve and the Federal Deposit Insurance Corporation (“FDIC”). The Bank serves hi ...

and J. Safra Sarasin of Switzerland). In 2012, his father acquired 100% of Banco Safra. In 2019, Alberto stepped down from the bank’s administration and from his position on the Board to dedicate himself to personal projects. He then founded ASA Investments, a Sao Paulo-based asset-management firm with offices in Rio de Janeiro and New York. In 2022, ASA acquired CORE, a real estate fund. The hedge fund ASA Hedge, Alberto Safra's main fund, showed the best profitability in 2022 out of 188 funds monitored by Bloomberg, and was ranked among the best in the market, reaching first place in September in the ranking published by UOL, with its profitability emphasized by G1 among hedge funds with the highest return in 2022: 318% of CDI. ASA Hedge defied a trend of record redemptions for the Brazilian fund industry in 2022, recording around R$1.7 billion in net raising for the year, compared to R$84 billion in net redemptions in hedge funds. In March 2023, ASA Hedge was recognized as Brazil's best Macro Hedge Fund according to Exame's "Melhores do Mercado". In October 2020, his father died leaving his fortune to his wife and four children. In 2021, he challenged three new wills his father executed in November and December 2019, arguing that his father lacked the mental capacity due to his suffering from advanced

Parkinson's disease Parkinson's disease (PD), or simply Parkinson's, is a long-term degenerative disorder of the central nervous system that mainly affects the motor system. The symptoms usually emerge slowly, and as the disease worsens, non-motor symptoms becom ...

. In January 2023, Bloomberg reported that Alberto Safra is close to reaching an agreement to sell his stake in Grupo J.Safra to his siblings.

Net worth

According to the

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

list of

The World's Billionaires ''The World's Billionaires'' is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine ''Forbes''. The list was first published in March ...

, as of April 2023, his mother and family are worth $16.7 billion.

Personal life

In November 2006, he married Maggy Candi; they have 5 children.

References

{{DEFAULTSORT:Safra, Alberto J. 1970s births 1980s births Brazilian billionaires Brazilian Jews Safra family Living people Brazilian people of Syrian descent Syrian Jews