In response to Alberto’s claims, the family issued a statement saying the Safra family “regrets the path taken by Alberto,” accusing him of instigating the feud when his father was still alive, and now of acting “against his memory.”ĭenying Alberto’s allegations, a family spokesman said that Joseph Safra “deliberately disinherited his son from the will,” or at least reduced his stake, as stated in the lawsuit.Ī member of Lebanon’s Jewish community, Joseph Safra was born in Beirut in 1938 to a family of Syrian bankers. A year later, in December 2020, the family patriarch died at the age of 82, allowing the conflict to unfold. In a statement reported by Reuters this week, the billionaire said that he “had no choice but to file a lawsuit” “to protect his rights” “due to illegal and aggressive acts committed by his brothers.”Īccording to the American press, the feud dates back to December 2019 when Vicky Safra “conspired” with Jacob, her eldest son, and David, her youngest, against Alberto in order to reduce his shares in SNBNY Holdings, which today has a capital of nearly $1 billion, from “28 to 13.4 percent.” These moves were allegedly made while the family “abused” Joseph Safra’s “deteriorating health” due to Parkinson’s disease. The disagreement dates from 2008 when David joined elder brother Alberto at the helm of the Brazilian bank. In late 2019, after a dispute with his brother David, he resigned from the board of directors of Banco Safra, which is part of Safra Group. Ranked 5th on Forbes’ 2022 list of Brazil’s richest people, Alberto Safra has a fortune worth 38.9 billion reals ($ 7.49 billion). The New York State Supreme Court will have to rule in this inheritance case, in which Alberto accuses family members of “purposely diluting his stake in a holding company of Safra National Bank in an effort to oust him from the family empire,” Reuters reported. One of his three sons, Alberto, announced Monday that he’s filed a lawsuit against his mother, Vicky, and brothers David and Jacob.
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