stephen bronfman net worth

stephen bronfman net worth

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. Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. Wanna follow Stephen Bronfman's net worth? We favour simple investment structures that meet the unique needs of sellers. 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. He hopes the deal gets done, so that he can attend opening day with his 88-year-old father. Opportunities to implement operational value creation initiatives. Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. A track record of success in building companies across several sectors. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. You tell me how to do it, and I'll fund it." celebrated the groundbreaking of the $18-million Rudy Bratty Centre Markham Family YMCA, set to open in a year. 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. Combined, the seven companies won US$260 million worth of contracts. Contact Graham Brink at gbrink@tampabay.com. As executive chairman he has overseen the firm's direct private equity portfolio invest, amongst others,[3] in: Cirque du Soleil, CPI, Dick Clark Productions, TSN, Solotech, The Next Adventure, 49TH Parallel, Champlain Seafood, Circle Foods, NYSE, Tour Telus, Bassins dy Havre, Eagle Creek, Busbud, Cloudify, Facebook, Gigaspaces, Luxury Retreats. . 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. The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. A new member to the list, the CEO of Alimentation Couche-Tard started off in the convenience store business as a teenager, stocking shelves at a local depanneur. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. Bronfman has said that he wasn't interested in business as a young man. Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. 83. The McCain family also forked over $5 million to the National Ballet School in July. It was a very good year for the Thomson Corp. Bronfman said he's hopeful but realistic. It owes its initial fame to Samuel Bronfman (1889-1971), the most influential Canadian Jew of the mid-20th century, [2] who made a fortune in the alcoholic distilled beverage business during American prohibition, including the sale of liquor through organized crime, through founding the Seagram Company, and who later became president of the In 2017, he was caught up in the Paradise Papers scandal. Investments that favour the environment, culture, education, entrepreneurship and Jewish life. 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. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. The deal went sour and the Bronfman family fortune plunged from $6.5 billion to below $3 billion. The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. 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. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. During the past 18 months, 2,284,800 shares of SunOpta Inc (STKL) were sold and 71,722 shares were bought by its insiders, resulting in a net The deal fell through. Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. Continuous evaluation, both internally and externally, that further strengthens the foundations impact. 0 transactions in SunOpta Inc (STKL) over the past 5 years. 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. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. Stuart Belkin saw sweet profits this year from his family's stake in the Rogers Sugar Income Fund. 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. As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. [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. Shareholders of Cara Operations Ltd., the Phelan family empire founded in 1883, voted in February to allow sisters Gail Regan and Rosemary Phelan, and their niece, Holiday Phelan-Johnson, to take the $1.1-billion company private. Stephen Bronfman runs the investment firm founded by his father, Claridge. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In 2006, Stephen's father's second wife died after a car hit her in New York City. We use conservative leverage and construct optimal capital structures to provide sufficient flexibility to maneuver through economic cycles and reinvest cash flows to grow the business. Stephen Bronfman's father, Charles, was the Expos first owner, giving the son a close-up view of the team during the early years. With stakes in everything from seafood to nursing homes to pulp and paper, the Jodrey empire also has a 25% interest in Nova Scotia's provincially funded gas distribution project, Heritage Gas Ltd. After his quiet departure from ATI Technologies Inc. in 2000, Lau helped launch Dr. 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. 79. The power couple continued to focus on work this year. About 285 guests attended the lavish ceremony. He and his partners have identified a downtown site for a new outdoor stadium. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. 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. Minto president Roger Greenberg denied any involvement. The CEOWORLD magazine Quarterly Rich List 2020 has revealed Canada's wealthiest people. Property tycoon Paul Reichmann stepped down as CEO of family holding company Reichmann International in October, passing the torch to his son, Barry. On the downside, insolvent Stelco is one of its major customers and suppliers. 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. Paul Bronfman: BCE's $3.38 Billion Astral Media Takeover is 'Bittersweet' The acquisition of the Canadian radio and TV giant, which operates HBO Canada, caps off a long and successful . , Bad things come in threes: first Moody's Investor's Service announced on Nov. 12 that it was downgrading Bombardier debt to junk status, then its Class B shares hit a decade low of $2.53 on Nov. 15, and finally a Bombardier regional jet exploded and crashed into a Mongolian lake on Nov. 21, killing 54 people in China's deadliest aviation disaster since 2002. Bratty, head of his family's property development company, Remington Group, was a major donor. "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Bernard, Laurent and Alain Lemaire: $421 million. Ben Bronfman was born in New York, New York, and attended . The older son of billionaire Li Ka-shing blamed the unions. 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. The early passion for the game still burns today, he says. We take governance seriously and adhere to the highest industry standards. It has helped propel him through seven years of ups and downs on his quest to bring Major League Baseball back to Montreal. 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. He made almost $247 million by selling 33 million fund units he received in the deal. One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a chartered jet company. As the Liberal Party's chief fundraiser, Bronfman helped get Canada's prime minister Justin Trudeau elected in 2015. Andrea and Charles Bronfman Philanthropies Inc. "The World's Billionaires: Charles Bronfman", "The Lunch: Charles Bronfman opens up about Seagram's demise: 'It is a disaster', "At age 90, Charles Bronfman reflects on business career, beloved Expos", "The making of Lunch with Charles Bronfman", "100 American Jewish Leaders Urge Netanyahu to Show Readiness to Make 'Painful Territorial Sacrifices', "Titans of Industry Join Forces To Work for Jewish Philanthropy", "The Andrea and Charles Bronfman Philanthropies", "The Andrea and Charles Bronfman Philanthropies:: Visual Timeline", "Charles Bronfman winds down his philanthropic foundation", "How foreign donors reshaped Israel: A who's who", "Charles Bronfman | The Canadian Encyclopedia", "Seagram co-chairman Charles Bronfman on running a family business", "The Montreal Gazette - Google News Archive Search", "Major League Soccer's Billionaire Owners", "Andrea M. Bronfman, 60, an Internationally Noted Philanthropist, Dies", "Andrea Morrison Bronfman; active in Jewish causes; 60", "THE HONOURABLE CHARLES ROSNER BRONFMAN, P.C., C.C. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. Stephen and Mitchell Goldhar: $608 million. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use. Low-carb diets dealt a blow to Weston's food empire this summer as consumers avoided white-flour bakery products; second-quarter earnings took a 27% dive the biggest in four and a half years. Our governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. 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. 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. National Basketball Association net worth, Republican Party (United States) net worth, United States House of Representatives net worth, United States Department of the Treasury net worth, Royal National Lifeboat Institution net worth, Royal Society for the Protection of Birds net worth, New York City Department of Buildings net worth, National Grid Corporation of the Philippines net worth, CORRUPTION: What happened to Grant Solomon? He kept a low profile this year. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. We understand the benefits and risks of financial leverage. But watch out, Peter: the darling is already starting to slide. 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. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. Bronfman was also well known for his forays into professional sports. 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. His gain was one of the largest windfalls from stock options in Canadian history. 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. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. York University bestowed an honorary doctorate on the media-shy founder of Teknion Corp., the office furniture company that first produced a tilting chair for under $100. But the deal collapsed, clearing the way for local businessman Francesco Aquilini to buy 50% of the Canucks in November. 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. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. So far, they seem to be on the same wavelength about where the deal goes from here. 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. The family-owned company now has sales of some $450 million a year and continues to expand. Max Fisher, Michael Steinhardt, Leonard Abramson, Edgar Bronfman Sr., and Laurence Tisch were some of the members. 48. 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. The Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. We are a growth-oriented investor with experience across a variety of economic sectors. 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. These types of businesses tend to have the following characteristics: We target mid-market companies in Canada and the United States. The estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. 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. Get notification with the latest net worth updates for free. 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. Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. In the 2010 article "The Heiresses and the Cult", Vanity Fair detailed how Sara and Clare Bronfman had given up to $150 million to NXIVM, a group their father referred to as a cult. headquartered in Montreal, Quebec. Gururaj (Desh) Deshpande: $346 million. The North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest furniture-store magnates. . At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. The Libfelds, who operate Toronto's largest house and condo developers, might want to keep an eye on the condo market. Language links are at the top of the page across from the title. In October, Kolter Property Co.'s Toronto office portfolio was sold to German investors for $492 million. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. All Rights Reserved. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. [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. In 1924, Samuel founded the Distillers Corporation in Montreal. We also invest in real estate, credit and special situations funds. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. no insider transaction in SunOpta Inc (STKL). 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. A unique mix of entrepreneurial thinking, deep financial expertise and integrity. 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. Management with skin in the game investing alongside us. [2], Bronfman was born into a Jewish family in Montreal. The family could make their product legally in Canada and then sell it to bootleggers trying to quench American's thirst for liquor during the prohibition era. The leaked bank documents indicated that Bronfman and many others had used offshore tax havens to shelter money, which is often perfectly legal. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $634,359. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. About Us Building together. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. But so far, the US$2.3-billion acquisition has only managed to drag first-quarter earnings down by 29%. Claridge also has third-party managed investments in a variety of industries throughout the world. We have the capability to underwrite larger transactions and we are willing to work with partners. More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. He has two older sisters, the art patron Baroness Aileen "Minda" Bronfman de Gunzberg, and architecture expert and developer Phyllis Lambert. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. 17. Only the transactions in Open Market or Private Sale at the market prices are included. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar could hurt profits. Sirois is also behind Microcell and the Fido brand, which Rogers Wireless bought in November. 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. Other recent insider transactions involving SunOpta Inc (STKL) include We diversify our active direct investment practice through funds investments leveraging resources in different markets and industries, and invest globally with a select number of third-party managers allocating capital to different strategies and asset classes that offer superior risk-adjusted returns. 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. In 1990, he studied geology at Concordia University . Charles Bronfman Net Worth: $2.54 billion ( 1.2% from 2017) Rich 100 rank: #39 Change in rank from 2017: 4 Major company holdings: Vivendi Location: New York & Palm Beach, Fla. Age: 86 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.". He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. He even enjoyed getting peppered with questions from reporters at a Wednesday news conference. "It was a family tragedy."[3][6]. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. Stephen R Bronfman currently owns a total of 1 Stephen R Bronfman around $4 Million. The most recent stock trade was executed by Mike Buick on 10 March 2023, trading 7,000 units of STKL stock currently worth $54,600. stock. Stephen Bronfman was a young boy when the Expos first arrived in Montreal. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Engagement and empowerment of emerging talent that encourages the development of human potential and that recognizes and celebrates individual and collective ingenuity. London Drugs continues to expand, and opened a store in Manitoba in May. ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. Age: 91 Birthplace: Montreal, Canada The "Mega Group" would meet twice a year for two days of seminars related to the topic of philanthropy and Jewishness. Clare Bronfman was born in Clifton . [2] Biography [ edit] Bronfman was born into a Jewish family in Montreal. Premier Gordon Campbell's most generous patron in 2003. Stephen Bronfman net worth is $10 Million Stephen Bronfman Wiki: Salary, Married, Wedding, Spouse, Family . 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 . The Winnipeg-based Richardson clan, known for making its money in the grain industry, signalled a return to its roots in the financial services sector last summer when Richardson Financial Group Ltd. launched a $325-million private equity fund. Barbara Baerwald (19382021). Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. [5], Bronfman and his brother, Edgar, inherited the Seagram spirits empire in 1971 after the death of their father, Sam Bronfman. Year 1925. . Kolter, which is owned by Julien and his aunt, Delia, also owns residential properties in Toronto and Florida, and the PGA village in Florida's Port St. Lucie. The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. [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. A major modernization project by forestry products maker Kruger Inc. and a Quebec industrial and financial holding company poured $500 million into the Kruger Wayagamack Inc. mill in Trois-Rivires, Que.

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