Home World Billionaire Lily Safra, widow of banker Edmond Safra, dies at 87 |...

Billionaire Lily Safra, widow of banker Edmond Safra, dies at 87 | World News

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She died on Saturday in Geneva, in accordance to a agent for the Edmond J. Safra Basis who declined to supply a precise lead to of demise.

Lily Safra, the widow of Edmond Safra who inherited the billionaire banker’s fortune, has died. She was 87.

She died on Saturday in Geneva, in accordance to a agent for the Edmond J. Safra Basis who declined to supply a precise lead to of demise.

Born Lily Watkins in Porto Alegre, Brazil, she married into the effective Safra dynasty in 1976. Her partner Edmond designed banking companies in Europe and New York, immediately after his loved ones experienced moved to Brazil subsequent the conclusion of World War II. His brothers, Joseph and Moise, also made banking organizations of their individual.

Edmond died a target of arson in Monaco in 1999, the identical 12 months he offered some banking property to HSBC Holdings Plc for about $ten billion. His nurse, previous Inexperienced Beret Ted Maher, afterwards confessed to placing the fireplace.

Immediately after Edmond’s demise, Lily chaired the Edmond J. Safra Basis, in accordance to its web site, committing its means to exploration into Parkinson’s and other mind ailments.

She married a few instances, which include to Alfredo “Freddy” Monteverde, operator of the Brazilian equipment retail outlet chain Ponto Frio. She never ever remarried immediately after Edmond’s demise. Even though Lily and Edmond did not have little ones, she experienced little ones from her preceding marriages.

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