stephen bronfman net worth

Rays to fans: 'We desperately want to stay in Tampa Bay', Rays have cleared one Montreal hurdle, but many remain, Why Rays think their Montreal idea is so 'amazing', Tampa Bay has to decide whether it's a major league market, Stu-realism on display at Rays' museum exhibition. Bratty, head of his family's property development company, Remington Group, was a major donor. Chagnon had $100 million invested with the fund. Although shares in Friedland's Ivanhoe Mines Ltd. have since returned to more earthly levels (dropping him 18 spots on the list), his Mongolian copper and gold project continues to churn out good news. Our sixth annual ranking of Canada's wealthiest people. "I began to realize that the stuff done before me was pretty important and interesting," he told Forbes magazine. 59. His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. You tell me how to do it, and I'll fund it." Larco Investments, owned by the Lalji family, is courting controversy in Vancouver as stores in its 240,000-square-foot development, dubbed Canada's first lifestyle centre, begin to open. The elder Bronfman sold his shares in the team in 1991. Set up nearly four years ago to manage the assets of the Mannix family, the Mancal Bank in Barbados, a private international institution, began catering to high-net-worth individuals and companies in December. Creating a legacy. Ben Bronfman net worth: Ben Bronfman is an American musician, activist, and entrepreneur who has a net worth of $100 million dollars. The most recent stock trade was executed by Kenneth C Kempf on 27 December 2022, trading 14,018 units of STKL stock currently worth $113,406. We are a growth-oriented investor with experience across a variety of economic sectors. In the early 1900s, much of the revenue at the family's hotels in Emerson, Manitoba and later in Winnipeg flowed from selling liquor. Since the sale of Novapharm to Israel-based Teva Pharmaceutical Industries Ltd. in 2000, the Hungarian-born mogul has kept a fairly low profile while making multimillion-dollar investments in Viventia Biotech Inc., the cancer research firm he controls with his daughter Andrea Dan-Hytman. The founder of software vendor Cognos Inc. owns two vintage planes and a yacht. 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. He is best known for his $50-million contribution to UBC in 1998. Sunopta executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The former transportation tycoon and one-time owner of the CFL's Hamilton Tiger-Cats made philanthropic history in December 2003 when he donated $105 million to McMaster University's medical school the largest single cash gift to a Canadian institution. Stephen Bronfman Net Worth Stephen Bronfman Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. Stephen Bronfman is big on family. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. Language links are at the top of the page across from the title. 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. Bronfman attended the state dinner that President Barack Obama held for Trudeau at the White House. 0 transactions in SunOpta Inc (STKL) over the past 5 years. Harrison McCain, the New Brunswick farm boy who helped turn McCain Foods Ltd. into one of the world's largest frozen food companies, died in a Boston hospital in March, at the age of 76. Opportunities to implement operational value creation initiatives. SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. But Cap. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. Over the last 21 years, insiders at Sunopta have traded over $83,836,324 worth of Sunopta stock and bought 13,994,932 units worth $88,266,116 . It was divided up by his seven children and wife. 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. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. [8] In 1982, a day after the Montreal Alouettes of the Canadian Football League collapsed due to financial troubles, Bronfman bought their remains and used them to start a new franchise, the Montreal Concordes. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. Lot Size 1.13 acres. Over the past 18 months, He even enjoyed getting peppered with questions from reporters at a Wednesday news conference. In December 2021, The Washington Post reported that Bronfman funded a Cayman Islands trust that is among the investors in Pretium Partners which is behind Progress Residential, a firm that "reaps big profits from stressed American renters amid national affordability crisis. The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion. sale Other key executives at SunOpta Inc include During her trial in New York Bronfman spoke in an English accent, although she left the UK in her mid-teens to reunite with her father, Edgar Bronfman Sr, who had a net worth of $2.5bn before he . The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. Schwartz's holding company, Onex, is awash with cash but he won't speculate on new acquisitions. Our flexible approach is well-suited to management teams and owners seeking a value-added and long-term partner. "It was a family tragedy."[3][6]. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. a net Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. Broad investment mandate gives us the flexibility to pursue a range of investments types. Bronfman is a former co-chairman of the Seagram Company Ltd. On the demise of the company: "It was a disaster, it is a disaster, it will be a disaster," he says. 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. The Vancouver-based family also continued to manage investments in real estate and pulp and paper through its privately owned conglomerate, Belkorp Industries Inc. Stroll was spotted vacationing with former Gucci designer Tom Ford on the Caribbean island of Mustique last December, prompting one local to speculate on the hatch of the next big fashion labelright here on this tiny island. But for now, Stroll will keep his day job as co-chairman of upscale New York fashion label Michael Kors. There will be no preferential seating for the real estate mogul at Canucks hockey games, after all. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi KENDALL JE We are differentiated by our entrepreneurial family business mindset, flexible investment approach, global relationships, value creation capabilities, strong integrity, use of reasonable leverage, and long-term investment horizon. Montreal-based businessman Stephen Bronfman, son of billionaire Charles Bronfman, was among the individuals cited by news organizations in the latest leak of bank documents suggesting some global business leaders and politicians may be using offshore tax havens to shelter money. The Burnett brothers continued to grow their fortunes through Burnac Corp., a privately held conglomerate that includes a wholesale fruit and vegetable business, a retail food chain, one of North America's largest hydroponics vegetable-growing operations and several real estate investments. The 82-year-old real estate mogul received an honorary doctor of architecture degree from Carleton University last November, complementing his four other honorary doctorates. Pierre Karl and rik Pladeau: $480 million. 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. 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. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. The most recent stock trade was executed by Jill Barnett on 22 April 2023, trading 20,000 units of STKL stock currently worth $165,000. Other transactions such as conversion of derivative security or exercise of options are not included. 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. Bronfman said he's hopeful but realistic. The Bronfman name may not be well known in these parts, but the family has a long and storied history in Canada, dating to when the clan fled the anti-Semitic pogroms in Moldova in 1889. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. Gururaj (Desh) Deshpande: $346 million. The acquisition makes Rogers the largest wireless carrier in Canada. other: See Footnote 1 Engaged Capital Special Situation Fund, Lp We put in place strong boards formed with members that bring experience and sector knowledge to our partners. The leaked bank documents indicated that Bronfman and many others had used offshore tax havens to shelter money, which is often perfectly legal. 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. We have a longer-term outlook than most investors. SunOpta Inc (STKL) 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. More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. 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. 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 worth to about $2.9 billion. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. 4. Clare Bronfman was born in Clifton . Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. Scarlett Johansson. Despite Magna's recently announced plan to privatize its much-hyped spinoffs, Stronach's empire of auto parts companies is still a highly respected global operation. a net 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. brought Canadian Business Minimal risk of obsolescence and disintermediation. Edgar Bronfman Jr. is Edgar's son. and The combined wealth of the top 46 [] De Gasp Beaubien family: $400 million. He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition. Bronfman is adding to his family's wealth. Stephen Bronfman (born in Montreal) is a Canadian businessperson. This is why we are a successful private equity investor: Our management style plays a major role in our success and it is one of the reasons entrepreneurs and management teams want to work with us. He will stay on as executive chairman. Claridge has thrived through many economic cycles. 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. [3][4], Bronfman held various positions in the family's liquor empire, Seagram, from 1951 to 2000. of 2,013,459 shares made by Engaged Capital Llc Stephen Bronfman Spouse: Claudine Blondin Bronfman, Stephen Bronfman Parents: Charles Bronfman, Barbara Baerwald Bronfman. Over the last 22 years, insiders at Sunopta have traded over $83,836,324 worth of Sunopta stock and bought 13,994,932 units worth $88,266,116 Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. [16] Bronfman is also responsible for The Charles Bronfman Prize,[17] honoring individuals for their humanitarian contributions. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. Insiders are limited to only officers and/or directors of the company. Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. [12], Bronfman is chairman of the Andrea and Charles Bronfman Philanthropies Inc.,[14] a family of charitable foundations operating in Israel, the U.S., and Canada. This fall, it announced it was selling $900 million worth of notes to partially fund the redemption of $1.2 billion worth of debt securities. Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc., the parent company of Fido, for $1.4 billion. We favour simple investment structures that meet the unique needs of sellers. Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. Stephen R Bronfman Net Worth 2022 and insider trades. In 2006, Stephen's father's second wife died after a car hit her in New York City. Bronfman, the 34-year-old grandson of the late billionaire Edgar Bronfman Sr., and son of Matt Bronfman, the Manhattan-based billionaire investor, bought the 1.1-acre compound that, according. Disclamer: Stephen Bronfman net worth displayed here are calculated based on a combination social factors. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. Targeted networks and partnerships allow the foundation to build on the best practices that answer needs with concrete solutions and that broaden its reach. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. In February, Mull became president and CEO of two companies, CML Healthcare Income Fund and Cipher Pharmaceuticals Inc., when CML Healthcare Inc. split its laboratory testing and medical imaging business from its R&D department. In June, Markham, Ont. Gurus may be added or dropped from the GuruFocus site at any time. of 2,213,078 shares. Melnyk, who also owns the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S. and Canadian regulators. 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. Its leaders have soared in wealth and influence since the departure of the Bronfmans. (Ryan Remiorz/The Canadian Press via AP), Heres why Tampa Bay Rays attendance during the teams historic winning streak matters | Editorial, J.P. Howell glad to see bad man Pete Fairbanks break his Rays record, Why well know a lot more about the Rays in a month, Its been an incredible run, but now future is uncertain for Lightning, Zach Bogosian steps up, helps to keep Lightning alive in NHL playoffs, 10 numbers that stand out from Rays remarkable first month, White Sox pay tribute to Rays radio broadcaster Dave Wills, Lightning are the unlucky victims as Maple Leafs end playoff drought, Um, Andrei Vasilevskiy would like to have a word about that slump of his, Rays lefty Josh Fleming finds his role as the bulk guy, Amazon partners with Rite Aid for package pickup nationwide. Specs 8,085 square feet, 5 bedrooms, 7 bathrooms. Minority investments requiring approximately $5 million of equity contribution. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. ", "Honorary Degree Recipients | Board of Trustees | Brandeis University", "Honorary degree citation - CharlesBronfman", "JTS Commencement Recognized Graduating Class of 2017 with Address from Chancellor Arnold M. Eisen - Jewish Theological Seminary", "City of Montreal honours businessman, philanthropist Charles Bronfman - Montreal | Globalnews.ca", https://en.wikipedia.org/w/index.php?title=Charles_Bronfman&oldid=1149920578, Canadian people of Russian-Jewish descent, American people of Russian-Jewish descent, Naturalized citizens of the United States, Members of the King's Privy Council for Canada, Articles with dead external links from February 2023, Short description is different from Wikidata, Pages using infobox person with multiple parents, Pages using embedded infobox templates with the title parameter, Creative Commons Attribution-ShareAlike License 3.0. He attended Trudeau's wedding in 2005 and the Trudeaus have visited the Bronfmans' farmhouse near Mont Tremblant, Maclean's magazine reported. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. Selectively partnering with the best managers worldwide. The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Majority or significant minority equity investments. 83. Claridge also has third-party managed investments in a variety of industries throughout the world. 2004-2023 GuruFocus.com, LLC. With his name and family wealth (his father, Charles, is worth an estimated $2.8 billion), Bronfman could have opted for a far glitzier lodge on a famous river anywhere in the world. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. 37. In March, Irving Oil Ltd. was the first Canadian company to be named North American Refiner of the Year by Texas-based Hart Energy Publishing, a major energy sector publisher. [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. Other recent insider transactions involving SunOpta Inc (STKL) include [1] Simple investment structures meet the unique needs of sellers. Experienced, successful, and ambitious teams demonstrating deep industry insight. 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. The North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. [13] The "Mega Group", went on to inspire a number of philanthropic initiatives such as the Partnership for Excellence in Jewish Education, Birthright Israel, and the upgrading of national Hillel. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Terence (Terry) Matthews: $1.62 billion. 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. headquartered in Montreal, Quebec. After the game, Stephen's father "had to struggle through a back-slapping crowd to reach his car," the Montreal Gazette reported. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. 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. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Despite the early victory, the team was awful, losing 20 games in a row and eventually tying for the fewest wins in the league that season. 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. The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar company that develops and produces foam products for the automobile industry. At left is and Pierre Boivin. The company, which bought out package maker Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits. With an estimated net worth of $2.5 billion (as of 2021), Bronfman was ranked by Forbes as the 27th wealthiest Canadian and 1,249th in the world. Bronfman is closer to that dream than ever. 32. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. Premier Gordon Campbell's most generous patron in 2003. of 42,714 shares made by David Largey Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. Get notification with the latest net worth updates for free. Most of the Bronfman family have left Montreal. Benjamin Bronfman. "[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]. He has two older sisters, the art patron Baroness Aileen "Minda" Bronfman de Gunzberg, and architecture expert and developer Phyllis Lambert. . We report to one owner who plays an integral role in decision-making and works closely with the senior leadership team. In 2016 Bonfman closed the charity, which was planned over years. 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. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. "He's definitely a big fish is a medium sized pond.". a net We take governance seriously and adhere to the highest industry standards. As a direct beneficiary of the fortune created from the Seagram empire during its 80 year period under Bronfman control, the family office multiplied the value of the Seagram cash flow by continually reinvesting in a myriad of ventures, ranging from chemical production to real estate.

Norman Smurthwaite Wife, The Dot Plots Show The Number Of First Cousins, Unsold Auction Property Swansea, Leamington Spa Stabbing, Articles S