The family"s history in banking originated with caravan trade between Alexandria and Constantinople during the Ottoman Empire. The family relocated to Beirut after the First World War as Beirut was home to an already thriving Jewish community. Eventually, the Safras decided to move to Brazil in 1952.
In 1955, Moise"s 23-year-old brother, Edmond Safra, and his father, Jacob Safra, started working in Brazil by financing letters of cr for trade in São Paulo Paulo.
He was also a prominent Jewish philanthropist. Death
He died on June 15, 2014, reportedly from complications of Parkinson"s disease at the age of 80.