Bronfman is adding to his family's wealth. He doesn't seek the spotlight, but it doesn't scare him either, said Karl Moore, a radio host and associate professor at Montreal's McGill University, who has known Bronfman for about 15 years. The Goldhar brothers sold nearly three dozen of their First Pro shopping centres to Calloway Real Estate Investment Trust this year, and their company was the landlord of choice for big-box chain Wal-Mart Canada Corp. That's good news for Mitchell, who also has part ownership of the trust. It was out of that discussion that the Heritage Minutes were conceived, piloted, distributed through cinemas and broadcasters across the country, and then confirmed as a major contribution of the foundation which a few years later became Historica, recently merged with the Dominion Institute. headquartered in Montreal, Quebec. podcast episodes, Brokers, Bagmen, & Moles podcast episodes, Connections with BCD Travel podcast episodes, Cyber Security & Cloud Podcast podcast episodes, Coinbase Institutional Market Call podcast episodes, South Side Rules: A Shameless Podcast podcast episodes. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. Unlike traditional private equity firms, we have an owner mindset and a longer time horizon to allow for the maximization of value with each of our operating companies. PHOTOS BY VINCENZO D'ALTO. 56. Who's in, who's out, who's hot, who's not. Claridge has thrived through many economic cycles. Harrison McCain family: $1.48 billion. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. Bronfman is one of its principal donors. Sharp kept rein over his lodging kingdom in May when 94% of shareholders voted down a motion to do away with the dual-share structure that gives him control over Four Seasons Hotel and Resorts Inc., even though he owns only 12% of the stock. "He's a business success in his own right," he said. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. A track record of success in building companies across several sectors. Bronfman's son, Stephen, runs Claridge,. Bronfman denied any wrongdoing, and the controversy appears to have blown over. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Charles Bronfman, PC CC (born June 27, 1931) is a Canadian-American businessman and philanthropist[1] and is a member of the Canadian Jewish Bronfman family. Principal owners of the Washington Nationals franchise, Montreal Alouettes/Concordes principal owners, Partnership for Excellence in Jewish Education. Minto president Roger Greenberg denied any involvement. 37. [2], Bronfman was born into a Jewish family in Montreal. In 2006, Stephen's father's second wife died after a car hit her in New York City. Chagnon had $100 million invested with the fund. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. The Greenbergs made headlines of a different kind last year when a copy of Maher Arar's 1997 lease agreement with the family's Ottawa-based Minto Developments Inc., was allegedly used by the FBI to connect the Syrian-born Canadian with an al-Qaida operative. Many people ask about the amount of money Stephen Bronfman makes from Instagram. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. 82. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. He was majority owner of Major League Baseball's Montreal Expos from the team's formation in 1968 until 1991. Making an impact. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. Privately held commercial real estate firm Iberville Developments Ltd., run by Adams' son Sylvan, sold some of its shopping centres in Cornwall and Montreal to RioCan in May in a deal worth an estimated $100 million. In 2000, Stephen's cousin Edgar Bronfman Jr. sold the liquor business in favor of the entertainment industry, a disastrous financial move that at one point cut the family's $6.5 billion net. Potter thrilled more than 1,500 people at the Brockville Flying Club's semi-annual fly-in breakfast when he flew by in his 1945 Spitfire, bringing the plane low for the crowd to gawk. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. Other key executives at SunOpta Inc include He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Wanna follow Stephen Bronfman's net worth? Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. In a 2006 article, Forbes magazine put it this way: "If the Bronfmans are Canadian royalty, Stephen Bronfman is the prince you've never heard of.". Her Lebanese immigrant father started out as a door-to-door clothing salesman. In 2016 Bonfman closed the charity, which was planned over years. In the early 1900s, much of the revenue at the family's hotels in Emerson, Manitoba and later in Winnipeg flowed from selling liquor. He is on a number of boards, including FPI Ltd., of which Clearwater is a major shareholder, owning 14.9%. But watch out, Peter: the darling is already starting to slide. The "Mega Group" would meet twice a year for two days of seminars related to the topic of philanthropy and Jewishness. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. The head of London Drugs (the Vancouver-based eclectic chain that he owns through his late father's company, H. Y Louie Co. Ltd.) attended the World Economic Forum in Davos, Switzerland, in January with the likes of Bill Gates, Michael Dell and Steve Forbes. . Stephen R Bronfman made Stephen Bronfman speaks to the media about the prospect of Major League Baseball returning to Montreal. The most active insiders traders include Face Capital Inc.Boland Gre, Organics, L.P.Oaktree Fund , and Advisory Partners Lp Ardsle. Our executives have distinguished international track records with large and small organizations in diverse sectors. He is best known for his $50-million contribution to UBC in 1998. The respected Toronto developer got some unfortunate attention in December 2003 when one of his buildings, the landmark Uptown Theatre in downtown Toronto, collapsed during demolition, killing one person and injuring 14 others. By CB Staff November 9, 2017 The Top 25 The Rich 100 Highest-Paid CEOs This is the complete Canadian Business ranking of the 100 wealthiest individuals and families in Canada. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. Empire Co., the parent company of successful grocery chain Sobeys, appointed its first ever unrelated chairman in September, as the company reported a 9% increase in first-quarter revenues. Cliff, director and former president of family-owned construction conglomerate Ledcor Group of Cos., ramped up operations at his two vineyards in California's Napa Valley. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. We put in place strong boards formed with members that bring experience and sector knowledge to our partners. ", 1990: Doctorate of Laws, Honoris Causa received from, 1992: Promoted to Companion of the Order of Canada, 1992: Doctorate of Humane Letters, Honoris Causa from, 1992: Doctorate of Laws, Honoris Causa from, 1995: Doctorate of Laws, Honoris Causa from the, 2000: Doctorate of Laws, Honoris Causa from the, 2002: Bronfman, along with his wife Andrea, were awarded, 2017: Doctor of Hebrew Letters, Honoris Causa from the, 2019: Honorary citizen, invited by the City of Montreal to sign the city's book of honour, This page was last edited on 15 April 2023, at 08:02. 71. [14] We are a growth-oriented investor with experience across a variety of economic sectors. The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. Price $21.5 million Size 6,616 square feet, 5 bedrooms, 6 bathrooms The ongoing pandemic may have thrown a mansion-sized wrench into the U.S. real estate market, but summer's here and there are still billionaires with ample cash reserves for a lavish vacation home. The company, which bought out package maker Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits. Elite Canadian families. a net At left is and Pierre Boivin. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. Gururaj (Desh) Deshpande: $346 million. In October, he was advised by the RCMP that his company, Royal Group Technologies, was part of an investigation into allegations it deceived or defrauded shareholders regarding money transferred to a luxury Caribbean resort controlled by De Zen. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. , His gain was one of the largest windfalls from stock options in Canadian history. With an estimated net worth of $39.5 billion, David Thomson, chairman of media and publishing group Thomson Reuters Corp., is the wealthiest person in Canada, that's according to CEOWORLD magazine's Canada Rich List Index For 2020. Our hedge portfolio is allocated across a spectrum of strategies with a focus on long/short equity funds, event-driven/distressed funds, and multi-strategy funds. We take governance seriously and adhere to the highest industry standards. Wanna follow Stephen Bronfman's net worth? In 1990, he studied geology at Concordia University. The family money-maker, Atlantic Packaging Products Ltd., is leading a clean energy project to create steam from paper mill residual biosolids and, hopefully, to reduce natural gas consumption. 96. On December 22, 2013, Edgar Bronfman Sr. died at age 84. Bronfman was also well known for his forays into professional sports. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. Canadian Business Stephen R Bronfman is Compelling long-term industry fundamentals. On June 27, Stephen Bronfman, chairman of Claridge SRB Investments Inc. and Charles Bronfman's son, was married at his 15,000 square-foot Westmount mansion under such tight security that even the bride's identity was kept from the media until after the ceremony. , [1] Here is a selection of our success stories. 79. Robert (Bobby) Julien and Delia Moog: $960 million. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Cockwell still serves on Brookfield's board, and holds shares worth about US$1.6 billion. Selectively partnering with the best managers worldwide. Comprehensive financial expertise and extensive relationships in the business and financial community can be leveraged by our portfolio companies in the context of mergers and acquisitions, IPOs, and financings. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. Majority investments requiring approximately $15-$30 million of equity contribution. A unique mix of entrepreneurial thinking, deep financial expertise and integrity. The family's trials and tribulations have kept them in the news. Stephen Bronfman runs the investment firm founded by his father, Claridge. He landed at Claridge, the boutique investment firm started by his father a few years earlier. The future of Izzy's plan for a human-rights museum in Winnipeg is on the rocks because the federal government refuses to provide funding. But the deal collapsed, clearing the way for local businessman Francesco Aquilini to buy 50% of the Canucks in November. The family-owned company now has sales of some $450 million a year and continues to expand. Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. Lot Size 1.13 acres. Bronfman, whose father Charles was the original owner of the Expos, is part of a group spearheading effort to return baseball the city. Stephen R Bronfman is the director of SunOpta Inc. On the heels of the success of Bensadoun's flagship Aldo shoe stores in the United States, Europe and Asia, the Montreal-based retailer announced plans to expand its cheaper Transit shoe banner internationally. With plans to open a luxury bed and breakfast nearby, let's hope Poetry, his winery's limited-release US$89-a-bottle flagship Cabernet Sauvignon, is a big seller. Last October, a lavish compound set on what is frequently considered to be the best residential street in Santa Monica sold for $29.4 million. Claridge also has third-party managed investments in a variety of industries throughout the world. Money poured in. The deal fell through. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. In 1998, Steven Spielberg spoke about his personal religious journey, and later the group discussed Jewish summer camps. Or else I would marry a very rich wife. As part-owner of Maple Leaf Sports & Entertainment Ltd., he was in talks with the Toronto Argonauts earlier this year to jointly acquire Varsity Stadium at the University of Toronto. But Cap. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. Bronfman said almost all construction materials and labour were locally-sourced, but imported German windows and doors were necessary to ensure the building's very tight envelope. There will be no preferential seating for the real estate mogul at Canucks hockey games, after all. Targeted networks and partnerships allow the foundation to build on the best practices that answer needs with concrete solutions and that broaden its reach. Competitive advantages that provide the ability to withstand material changes in the economic environment. Barbara Baerwald (19382021). Actively backing the entrepreneurial spirit with more than capital. Bonita "Bonnie" Roche. As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. About 285 guests attended the lavish ceremony. In June, Paul sold his remaining 38 million shares in Canary Wharf, the grand-scale office and retail development in London that brought the Reichmanns unwanted attention by going into bankruptcy protection in 1992. In October, Kolter Property Co.'s Toronto office portfolio was sold to German investors for $492 million. Despite opposition to the $30-million expansion project, city council's hands are tied; the land is owned by the Squamish Nation, which approved of the centre. Language links are at the top of the page across from the title. Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest furniture-store magnates. Combined, the seven companies won US$260 million worth of contracts. He was the largest claimant of 86 investors who filed a lawsuit in February over US$570 million in losses by a U.S. hedge fund group. Having won the bid to host the golf event in 2001, Matthews is spending upward of $26 million to update the Wentwood Lakes course with underground cabling for wireless cameras and to build an 85,000-square-foot clubhouse. S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . Year 1925. The largest Canadian pharmaceutical company claims to have made the largest pharmaceutical investment in Canadian history: in November, Sherman's Apotex Inc. invested $627 million to open four new R&D and production facilities in the Toronto area and created 1,500 new scientific and engineering jobs.
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