And having roots. Our sixth annual ranking of Canada's wealthiest people. Please help to demonstrate the notability of the topic by citing, Learn how and when to remove these template messages, Learn how and when to remove this template message, "This block used to be for first-time homebuyers. In 2016 Bonfman closed the charity, which was planned over years. 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. Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. Rusty Staub was the team's best hitter. 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. Bronfman said he is Canadian in his heart but sought his dual citizenship in order to vote in the United States. The deal fell through. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. We have a longer-term outlook than most investors. The founder and former head of cable company Vidotron now heads up Canada's largest foundation, which helps children. 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. But Cap. Above is the net worth, insider trading, and ownership report for Stephen R Bronfman. , The information company sold its Thomson Media group to Investcorp for US$350 million and gobbled up at least 10 companies of all types and sizes. Creating a legacy. In September, Weston's supply of Wonder Bread became tenuous as its supplier, Interstate Bakeries Corp., filed for bankruptcy protection, blaming diet preferences, heavy debt and high costs. "He's a business success in his own right," he said. From humble beginnings as a Russian immigrant at the end of the nineteenth century, the family patriarch Samuel Bronfman began to build what would become the largest distiller in North America. Ben Bronfman Net Worth Bronfman was also well known for his forays into professional sports. Focus on true value creation, not short term profits. Clare Bronfman Net Worth Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . Claridge, founded in 1987 by Stephen Bronfmans father Charles Bronfman, and its predecessor company, Cemp Investments Ltd., have been active private equity investors for over five decades. Wanna follow Stephen Bronfman's net worth? When asked by a reporter what he would do if he suddenly lost all of his money, the star pension fund manager and corporate governance rabble-rouser replied: I would start another company like my own and look for even better guys to work with than I've had. Stephen R Bronfman Net Worth (2022) - GuruFocus.com In October, Kolter Property Co.'s Toronto office portfolio was sold to German investors for $492 million. He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. and 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. He also founded the CRB Foundation, which runs educational enrichment classes in outlying areas in collaboration with the Education Ministry in Israel. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. Fipke, who was the first to discover diamonds in Canada's north in 1991, continues to earn an impressive amount from his 10% stake in the Ekati mine, which supplies 6% of the world's diamonds. He attended Trudeau's wedding in 2005 and the Trudeaus have visited the Bronfmans' farmhouse near Mont Tremblant, Maclean's magazine reported. 303,475 shares on May 9, 2006, which In 1990, he studied geology at Concordia University. He and his partners have identified a downtown site for a new outdoor stadium. In 2010 he unsuccessfully tried to buy the Montreal Canadiens of the National Hockey League (NHL).[2]. There will be no preferential seating for the real estate mogul at Canucks hockey games, after all. Stephen R Bronfman Net Worth (2023) | wallmine Max Fisher, Michael Steinhardt, Leonard Abramson, Edgar Bronfman Sr., and Laurence Tisch were some of the members. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. Only the transactions in Open Market or Private Sale at the market prices are included. The corporate cowboy and chairman of Calgary-based power and engineering giant ATCO Ltd. lost his battle with city council over a planned housing development to be built next door to his family's sprawling 300-acre equestrian park in the foothills of the Canadian Rockies. Compelling long-term industry fundamentals. Bronfman family - Wikipedia Bronfman's son, Stephen, runs Claridge,. 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. 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. Stephen Bronfman did not speak with the Tampa Bay Times for this article, which is based on previous news reports and what he has said at recent public events, news conferences and on talk radio shows. Our executives have distinguished international track records with large and small organizations in diverse sectors. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion. Business must be hopping for Katz's private drugstore empire. You tell me how to do it, and I'll fund it." The high-profile guests included former B.C. London Drugs continues to expand, and opened a store in Manitoba in May. Opportunities to implement operational value creation initiatives. Benjamin Bronfman. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. a net stock. Terence (Terry) Matthews: $1.62 billion. 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. The CEO of embattled pharma giant Biovail Corp. stepped down in October (he remains chairman) after handing over the reins to industry veteran Doug Squires. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. Active research and documentation that identifies and analyses challenges confronting communities. Minority investments requiring approximately $5 million of equity contribution. The family-owned company now has sales of some $450 million a year and continues to expand. Come take a tour of Stephen Bronfman's family farmhouse in the In April, the CRTC admonished Aliant for selling local phone service in a bundled package in areas of Nova Scotia and P.E.I. Tom Ford. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. The McCain family also forked over $5 million to the National Ballet School in July. After the game, Stephen's father "had to struggle through a back-slapping crowd to reach his car," the Montreal Gazette reported. We are a growth-oriented investor with experience across a variety of economic sectors. "I had the best time because I believe in (this project)," he said on talk radio afterward. 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. Enjoy a 7-Day Free Trial Thru May 09, 2023! sale In 2006, Stephen's father's second wife died after a car hit her in New York City. Then global investors bought in", "Secret money. But watch out, Peter: the darling is already starting to slide. Pierre Karl and rik Pladeau: $480 million. PHOTOS BY VINCENZO D'ALTO. He denies wrongdoing, but was removed as chairman in late November over another questionable transaction. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. The real estate family made a killing on the merger of Canadian Apartment Properties Real Estate Investment Trust and Residential Equities Real Estate Investment Trust (ResREIT) in June. He even enjoyed getting peppered with questions from reporters at a Wednesday news conference. Still in his 20s, he bought two stores and started his own chain. In June, Markham, Ont. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. On December 22, 2013, Edgar Bronfman Sr. died at age 84. 48. He doesn't need to be No. Stephen Bronfman says he followed offshore tax rules as CRA reviews [7] The sale was completed .mw-parser-output .frac{white-space:nowrap}.mw-parser-output .frac .num,.mw-parser-output .frac .den{font-size:80%;line-height:0;vertical-align:super}.mw-parser-output .frac .den{vertical-align:sub}.mw-parser-output .sr-only{border:0;clip:rect(0,0,0,0);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px}6+12 months later on June 14, 1991. "It was a family tragedy."[3][6]. 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. It was divided up by his seven children and wife. In January, the family's investment firm bought floundering chartered aircraft company Starlink Aviation. [13] : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, ranked 100th with a net worth of C$875 million, while number 1 on the listthe Toronto-based Thomson family of Thomson Reuters had a net worth of C$39.13 billion. The secretive founder and president of Future Electronics is a major benefactor of Alcor Life Extension Foundation, and it's rumoured he will have his body frozen at death. of 42,714 shares made by David Largey The Rich 100 - Canadian Business The payoff: the Koschitzky clan increased its net worth 32% since last year. After selling his big-box electronics chain, Future Shop, to rival Best Buy in 2001, Khosrowshahi has focused on investments in the pharmaceutical, retail and real estate industries. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. Engagement and empowerment of emerging talent that encourages the development of human potential and that recognizes and celebrates individual and collective ingenuity. 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. Elite Canadian families. Clare Bronfman has an estimated net worth of $600 million. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. 32. 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. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. The Expos came back to defeat the St. Louis Cardinals 8-7. The founder of software vendor Cognos Inc. owns two vintage planes and a yacht. In the early 1900s, much of the revenue at the family's hotels in Emerson, Manitoba and later in Winnipeg flowed from selling liquor. A Liberal fundraiser lured potential donors to the cocktail party by emailing them about the opportunity to "form relationships and open dialogues with . We have the flexibility to pursue a range of investment structures as well as transaction types. A unique mix of entrepreneurial thinking, deep financial expertise and integrity. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. [3], In 1991, Bronfman with billionaire Leslie Wexner formed the "Mega Group",[12] a loosely organized club of some the wealthiest and most influential businessmen who were concerned with Jewish issues. Our focus is on large- and middle-market buyout and growth equity funds in North America, Europe and to a lesser extent in emerging markets. The real estate tycoon and chairman of Orlando Corp. sold off about $245 million of his company's industrial and office portfolio this year while continuing to collect rent from tenants in Orlando's sprawling 31-million-square-foot empire. Or else I would marry a very rich wife. Stephen R Bronfman currently owns a total of 1 In February, the owners of CanWest Global Communications the late Izzy Asper's wife, Ruth, and children Leonard, David and Gail formed a voting trust to exercise control over the multiple voting shares in the company. Bronfman denied any wrongdoing, and the controversy appears to have blown over. , December 6, 2004, The rich 100: 2005 | 2004 | 2003 | 2002 | 2001, The rich list | Fortune & fame | Life in the fast lane | Arts patrons | Newcomers | Silver spoons | The invisibles, 1. Joyce made headlines in June when his Fox Harb'r resort in Nova Scotia was fined $180,000 for offshore blasting. We can be a significant minority partner and although we prefer to invest at the equity level, we have the ability to invest throughout the capital structure of the company (mezzanine debt and equity). 2004-2023 GuruFocus.com, LLC. The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar company that develops and produces foam products for the automobile industry. Like many baseball fans, he remembers how excited he was to attend games with his dad the buzz of the crowd, the joy of a big win, the way a loss could feel like the end of the world. Subscribe to our free Business by the Bay newsletter. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. estimated net worth of Stephen R Bronfman, Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership, Engaged Capital Special Situation Fund, Lp. "[4] The scheme was described as an effort to profit from the 2008 housing crisis by "buy[ing] tens of thousands of foreclosed homes across the U.S. sunbelt and rent[ing] them to heavily-indebted Americans who cant get a mortgage."[5]. Meanwhile, the board of Canadian Natural Resources Ltd. (in which he has large holdings) delayed a decision to approve its massive $10.6-billion Horizon oilsands project in order to take a closer look at cost overruns. Comrie earned more than $270 million this year after converting his chain of more than 160 discount outlets into an income trust. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. The founder of Quebec-based printer and publisher Transcontinental Inc. resigned his post as CEO in March, almost three decades after he started the company. It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million. 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. The company, which bought out package maker Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits. About 285 guests attended the lavish ceremony. The award recognizes refiners with exemplary achievements in areas such as producing clean fuels and dedication to environmental performance. Well break down the latest business and consumer news and insights you need to know every Wednesday. He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. Financial investments span North America, Europe, and Asia. With an estimated net worth of $2 billion (as of 2013), Bronfman was ranked by Forbes as the 14th wealthiest Canadian and 736th in the world. 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. We aim to achieve diversification through investment strategy, sector, geography, fund manager, and vintage year. 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. 71. Heiress to the Seagram liquor fortune, Clare Bronfman was sentenced to six years and nine months in prison Sept. 30, 2020 for her role in the NXIVM sex cult scandal.She was originally charged for the crimes in April 2018, when she was released on a $100 million bond, thanks, in part, to Clare Bronfman's net worth.Her sentencing was more than the prosecutors had recommended. De Gasp Beaubien family: $400 million. At left is and Pierre Boivin. Stephen Bronfman runs the investment firm founded by his father, Claridge. There were reports of an arrangement with gangster Meyer Lansky and never proven rumors of a connection to Al Capone. 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. He moved smoothly between English and French, in a city where that matters. Stephen R Bronfman Net Worth What's Stephen Bronfman's mailing address? Media wonder boy Pierre Karl assumed the helm at the printing division of his family's Montreal-based Quebecor Inc. And in a bid to increase its foothold in the English-language television market, Quebecor snapped up the ailing Toronto 1 station from Craig Media Inc. in November. The 77-year-old Montreal financier snatched up French publisher Groupe Moniteur in March through his Paris-based private equity firm, Sagard SAS, for US$335 million. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. There could be tough times ahead. Barbara Baerwald (19382021). Premier Gordon Campbell's most generous patron in 2003. Photo by Andrew Vaughan / The Canadian Press 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. 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. As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. The Finnish-born fashion magnate was ordered to pay over $1 million in legal costs racked up by his son's mother in a nasty child support battle. Many people ask about the amount of money Stephen Bronfman makes from Instagram. Pattison and his guests had a scare this September when they were evacuated from his 150-foot luxury yacht after a fire broke out in the engine room. Simple investment structures meet the unique needs of sellers. Advertisement . Insiders are limited to only officers and/or directors of the company. We take governance seriously and adhere to the highest industry standards. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Our direct private equity portfolio spans food and restaurants, media and entertainment, real estate, and technology. Combined, the seven companies won US$260 million worth of contracts. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate.
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