Joseph Safra, a Jewish Lebanese-Brazilian financier and Brazil’s richest man, has died. He was82 years old.

Safra was a Swiss-based Lebanese Brazilian banker and billionaire businessman, who ran the Brazilian banking and investment empire Safra Group. He was the chairman of all Safra companies, among them Safra National Bank of New York and Banco Safra headquartered in São Paulo, Brazil. Back in August, Forbes reported Safra’s estimated net worth at $22.8 billion, making him the 52nd richest person in the world and richest in Brazil.

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Joseph was born in September 1938 in Beirut, Lebanon to a Sephardic Jewish family with banking connections in Aleppo, Syria dating back to Ottoman times. He grew up in Beirut.

The Safra family moved to Brazil in 1952. In 1955, Joseph’s 23-year-old brother, Edmond Safra, and his father, Jacob Safra, started working in Brazil by financing assets in São Paulo. But soon, Edmond Safra separated from his brothers Joseph and Moise and headed to New York where he founded the Republic National Bank of New York (which he later sold to HSBC in 1999 and donated most of his money to the Edmond Safra Foundation). Joseph Safra founded Banco Safra in 1955 and today it is reportedly the 6th largest private bank in Brazil. He remained the chairman of the Safra Group offering banking services throughout Europe, North and South America until his passing.

Joseph acquired the remaining shares of Safra Group companies from his brother Moise Safra. The two brothers maintain a shareholding in Fibria Cellulose.

Safra is survived by four children: Jacob J. Safra, Esther, Alberto J. Safra, and David J. Safra.