Entertaintment

Lily Safra Passed Away At The Age OF 87

Lily Safra

Lily Safra, a Brazilian-Monegasque millionaire, died on July 9 at the age of 87. Lily Safra, the wife of financier Edmond Safra, died in Geneva and will be buried on July 11. She died after fighting pancreatic cancer, according to a representative for the Edmond J. Safra Foundation. Lily Watkins was born on December 30, 1934, in Porto Alegre, Brazil, to Wolf White Watkins, a Czechoslovak railway engineer, and Annita Noudelman de Castro. She grew raised in Rio de Janeiro.

Lily Safra married Argentine hosiery mogul Mario Cohen when she was 17 years old. Claudio, Eduardo, and Adriana were the couple’s three children. In the early 1960s, they divorced. Alfredo “Freddy” Monteverde, the proprietor of the Brazilian appliance shop chain Ponto Frio, married her again in 1965. Carlos, their only child, was adopted. Monteverde committed suicide four years after their marriage in 1969. Lily’s late husband gave her all of his possessions, according to historian Isabel Vincent.

 

In 1976, Lily Safra married her fourth husband, Edmond Safra

In 1976, Lily Watkins married for the fourth time, this time Edmond Safra. He was a well-known Brazilian banker who established the Republic National Bank in New York. After WWII, the late banker’s family relocated to Brazil. Edmond Safra owned banks in New York and Europe, as did his brothers Moise and Joseph, who also controlled banks. The pair divides their time between New York, Geneva, Monaco, and France. They were both art collectors, according to the New York Post. According to reports, Lily Safra reportedly paid $103.4 million for an Alberto Giacometti artwork.

Lily Safra

Edmond perished in a suspicious fire in Monaco in 1999, which was ultimately ruled arson. According to reports, the late banker felt so protected at home that “he did not have his security remain the night while he slept in Monaco.” Ted Maher, his nurse, was subsequently proven to have ignited the fire.

Michael Griffith, the convict’s lawyer, disclosed that his client did cause the fire, but only to seek Edmond’s approval.

“It was the most idiotic, crazy thing a human being could do. He had no intention of killing Mr. Safra. He just wanted Mr. Safra to value him more. Mr. Safra was his favorite. This was the finest job he’d ever had.”

Lily Safra

Edmond Safra, according to Jewage, bequeathed half of his assets to various organizations and the other half to his family and wife, who received $800 million. After Edmond died, Lily Safra did not marry.