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Syrian-Lebanese banker (1891–1963) From Wikipedia, the free encyclopedia
Jacob Safra (Arabic: يعقوب صفرا; 1891 – 27 May 1963) was a Syrian banker and patriarch of the Safra family.[1][2][3][4] The Safras were bankers and gold traders engaged in the financing of trade between Beirut, Aleppo, Istanbul and Alexandria.[5]
Jacob Safra | |
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Born | Jacob Elie Safra 1891 Aleppo, Syria |
Died | 27 May 1963 71–72) São Paulo, Brazil | (aged
Occupation | Banker |
Spouses |
|
Children | 8, including Edmond Safra, Joseph Safra, and Moise Safra |
The Safra family was a merchant Jewish family originally from Aleppo, which historically made its money from financing the caravans of the Middle East.[6][7][8][9]
When the Ottoman Empire fell apart in 1918, Jacob Safra, relocated to Beirut and opened the family bank in the 1920s, building on the Safras' long experience in gold and currency exchange.[10] With its base in Lebanon, the Banco Jacob E. Safra became the bank of choice for many of Syria's and Lebanon's rich Sephardic Jewish families, who trusted the Safras to manage their business and personal financial interests with care and discretion. The bank did business with agricultural, precious metal and merchant traders, and it offered both credit and savings accounts.[11] The bank was later renamed Banque de crédit national S.A.L. (BCN) and is one of the five oldest banks in Lebanon.[10]
In 1952, he moved to Brazil with his four sons: Elie, Edmond, Joseph and Moise.[citation needed] They founded a Brazilian financial institution in 1955.
In 1920, Safra married his cousin Esther Teira (1904–1943).[12][13] They had four sons: Elie, Edmond, Joseph, and Moise; and four daughters: Evelyn, Gabi, Arlette, and Hugette.[14] In 1943, his wife died during childbirth at the age of 39.[12] In 1950, he remarried to Marie Dwek (1911–1967).[12][15]
Safra Square in Jerusalem is named in honor of him and his wife.[16]