Safra Scion Looks to Break From Family Firm With $5 Billion (1)

Alberto Safra, whose family owns a multibillion-dollar banking empire, is looking to sell his stake to his siblings, a move that would effectively end a dispute over one of history’s largest wealth transfers, according to people with knowledge of the matter.

The move is part of an ambitions plan by Alberto, one of four children of the late billionaire banker Joseph Safra, to turn his own family office into one of Latin America’s biggest. He’s told people that offloading his share of the businesses could pour as much as $5 billion into his investment firm over the course of ...