Alberto J. Safra
Alberto J. Safra | |
|---|---|
| Born | 1979/1980 Brazil |
| Occupation | Entrepreneur |
| Known for | Founder of ASA |
| Notable work | ASA Hedge fund |
Alberto J. Safra (born 1979/1980) is a Brazilian entrepreneur and founder of ASA, belonging to the notable Safra family.
Biography
Alberto Safra, born to Vicky (née Sarfaty) and the late banking tycoon Joseph Safra (1938–2020), originates from a distinguished Jewish lineage renowned for its banking legacy. He has three siblings: Jacob J. Safra, Esther Safra Dayan, and David J. Safra. After completing his education at the Wharton School of Business, Alberto began his career within his father’s banking empire, where he became recognized for his skills in risk evaluation and financial oversight.
In 2019, he stepped down from both the management and board of Banco Safra to embark on independent business endeavors, establishing ASA, an asset management company headquartered in São Paulo. ASA broadened its operations by acquiring CORE, a real estate fund manager, in 2022. Alberto’s leading multimarket fund, ASA Hedge, outperformed the market in 2022, ranking first among 188 Bloomberg-tracked funds with returns reaching 318% of CDI and drawing roughly R$1.7 billion in net inflows despite a general trend of withdrawals across the sector.
Upon Joseph Safra’s passing in October 2020, his estate was apportioned among his widow and four children. Following a legal challenge concerning the inheritance, Alberto and his family arrived at an amicable resolution by mid-2024, which resulted in a reorganization of their business responsibilities.
Since that time, Alberto has concentrated on growing ASA into a full-service financial institution with offices located in São Paulo, Rio de Janeiro, and abroad. ASA now operates across multiple divisions including Asset Management, Wealth Management, Private Banking, Corporate Banking, and retail banking, establishing itself as a significant entity within Brazil’s financial industry.
Net worth
As reported by Forbes in its The World's Billionaires list from October 2021, his mother’s net worth was estimated at $7.4 billion, while Alberto and his siblings collectively held assets valued at $7.3 billion, making each sibling a billionaire individually. By October 2024, the combined wealth of Vicky and her children had grown to $19.6 billion.
Personal life
Alberto married Maggy Candi in November 2006; together they have five children.