Lily Safra
Lily Safra (née Watkins, formerly Cohen, formerly Monteverde, formerly Bendahan; born 30 December 1934) is a Brazilian-Monegasque billionaire and socialite who attained considerable wealth through her four marriages. She has a significant art collection and owns the historic Villa Leopolda on the French Riviera. In 2018, Lily Safra ranked #1756 on the Forbes World's Billionaires list, with wealth listed at US $1.3 billion. By September 2020, her net worth was estimated at $1.3 billion according to Forbes.
Lili Safra strongly engaged into philanthropy when she married the banker Edmond Safra, and continues through their Foundation since his death in 1999.
Contents
- 1 Biography
- 2 Philanthropy and art collection
- 2.1 Emergency relief
- 2.2 Religion
- 2.3 Research on healthcare
- 2.4 Arts and culture
- 3 Honors
- 4 References
- 5 External links
Biography
Lily Safra was born Lily Watkins on 30 December 1934 in Porto Alegre, Brazil. She is the daughter of Wolf White Watkins, a Czechoslovak railway engineer who moved to South America during the electrification of Brazilian railroads, and Annita Noudelman de Castro, a Uruguayan of Russian Jewish ancestry.: 17f She grew up in Rio de Janeiro, and then moved with her family to Montevideo, Uruguay.
At age 17, she met and married Mario Cohen, an Argentine hosiery magnate of Italian-Jewish descent. They had three children. Lily and Mario Cohen divorced in the early 1960s.
In 1965, Lily married Alfredo "Freddy" Monteverde, formerly Greenberg. He was a Romanian Jewish immigrant who fled Europe in 1939. He was a leader in the Brazilian household appliance distribution business, where he established the Ponto Frio brand. He and Lily adopted a child. In 1969, Monteverde committed suicide. According to biographer Isabel Vincent, Monteverde left all his *ets to his wife. A month after his death, Lily Monteverde moved to London. Her late husband's banker, Edmond Safra, helped her secure control over her late spouse's entire fortune. She dated Safra for some time, but the romance ended. At the time, Safra's family who is of Sephardic Jewish descent did not approve of his relationship with Lily, who was of AshkeNational Socialist German Workers' Party Jewish descent.
In 1972, Monteverde married businessman Samuel Bendahan, also a Sephardic Jew, and a man of more modest means. They separated after two weeks, and she divorced him after one year of marriage.
In 1976, Monteverde married Edmond Safra after all. The prominent banker was of Lebanese Jewish (Mizrahi) origin and a naturalized Brazilian citizen. He founded Republic National Bank of New York. The couple divided their time among homes in New York City, Monaco, Geneva, and the Villa Leopolda on the French Riviera.
On 2 December 1999, Lily and Edmond Safra gained Monegasque citizenship.
Edmond was killed in Monaco in a fire that was determined to be arson. His death attracted considerable media interest because of his wealth and position. Edmond Safra "apparently felt so safe here that he did not have his bodyguards stay the night when he slept in Monaco". Ted Maher, a former Green Beret was accused of starting the fire in order to gain acceptance from Edmond Safra when he would ultimately rescue him, but it went out of control. Maher was convicted and sentenced to eight years in jail.
Safra left 50% of his *ets to several charities, with the remainder divided among his family members and wife Lily, who received $800 million.
Lady Colin Campbell's novel Empress Bianca (2005) was considered to be a defamatory roman à clé by Safra's solicitor, Anthony Julius. Reacting to the legal threat in the United Kingdom, its publishers, Arcadia, withdrew the book and destroyed unsold copies.: 265f A revised edition of the book was later published in the United States.: 265f
Philanthropy and art collection
Lily Safra supports numerous foundations, organizations, and charities. In 1977 she, her husband Edmond Safra, and Nina Weiner founded the International Sephardic Education Foundation. She chairs The Edmond J. Safra Foundation which supports medical research and humanitarian relief. The Edmond J. Safra Foundation Center for Ethics has been established at Harvard; most recently she donated over $12 million to create a cross-disciplinary research laboratory on ins*utional corruption.
Emergency relief
Safra supports the American Red Cross and helped the Hurricane Katrina victims in 2005; she is on the board of the Michael J. Fox Foundation for Parkinson's research, and is a member of the Chairman's Council of the Museum of Modern Art. Through the Edmond J. Safra Philanthropic Foundation, she helped found the Edmond J. Safra Brain Research Center for the Study of Learning Disabilities at the University of Haifa. The Foundation and Mrs. Safra also helped create the Edmond and Lily Safra Center for Brain Sciences at the Hebrew University.
In connection with the 2005 sale at Sotheby's of furniture and art from her collection, Safra donated $3 million to charities in New York which she and her husband had supported for many years, along with a gift to Dillard University in New Orleans to help them rebuild after Hurricane Katrina. Sotheby's announced in 2011 that an auction of Mr. and Mrs. Safra's collections, including furniture, artwork, silverware, and decorative objects, took place in New York City.
Religion
Safra ensured the completion of the Edmond J. Safra Synagogue in Manhattan.
Research on healthcare
In 2009, Safra was honored by the Elton John AIDS Foundation with its “An Enduring Vision” award for her long-time support. In October 2013, Safra donated $1 million in support of the foundation's grant-making programs. That same year, Safra contributed $16 million toward Edmond and Lily Safra Children's Hospital in Tel Hashomer. She also donated $5 million toward the One Laptop Per Child project.
She established the Edmond J. Safra Family Lodge, for patients battling illnesses, as well as their families, at the National Ins*utes of Health near Washington DC. In July 2010, she donated 8 million euros to the Ins*ute for Brain and Spinal Cord Injuries in Paris.
In the same year, she promised the Claude Pompidou Foundation a donation of 7 million euros for the construction and completion of the Claude Pompidou Ins*ute for Alzheimer’s research and treatment in the city of Nice, France. The Ins*ute was inaugurated and welcomed its first patients in 2014.
Safra is a Patron of Hope and Homes for Children in the UK and a supporter of its work for children in Romania
Arts and culture
On 3 February 2010 at an auction in London, Safra acquired L'Homme qui marche I, a life-sized bronze sculpture by Alberto Giacometti of a man, for £65 million (US$104.3 million). The purchase became one of the most expensive works of art and the most expensive sculpture ever purchased.
In May 2012, Christie's Geneva hosted an auction of 70 pieces of Safra’s personal jewelry collection. The 'Jewels for Hope' sale included 18 pieces by JAR, the largest personal collection designed by the jeweler ever to be sold. The entire profits from the sale were donated to 32 charitable ins*utions around the world in the fields of healthcare, education, religion and culture, including the Elton John AIDS Foundation and Hope and Homes for Children in Romania.
In April 2019, Safra pledged €10 million towards the restoration of Notre-Dame de Paris after the fire.
Honors
- Legion d'honneur, Officier (2011)
- Arts et Lettres, Commandeur
- King's College London, Honorary Fellow: 287f
- Honorary chair, International Sephardic Education Foundation.
- Honorary Doctorate from Haifa University
- Courtauld Ins*ute of Art, Honorary Fellow
- Honorary Doctorate from Imperial College London
- Honorary Doctorate from Brandeis University
- Honorary Doctorate from Technion – Israel Ins*ute of Technology (12 December 2018).
References
External links
- Edmond J. Safra Philanthropic Foundation
- Wall Street Journal Donor of the Day: Mrs. Lily Safra