The Expos came back to defeat the St. Louis Cardinals 8-7. Brick employees shared more than $40 million in bonuses from the offering. 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. There were reports of an arrangement with gangster Meyer Lansky and never proven rumors of a connection to Al Capone. Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. The Canadian Association of Family Enterprise and the Canadian Institute of Chartered Accountants named 149-year old Samuel, Son & Co. the Family Enterprise of the Year. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. of 2,013,459 shares made by Engaged Capital Llc In April 2013, Bronfman was one of 100 prominent American Jews who sent a letter to Israeli Prime Minister Benjamin Netanyahu urging him to "work closely" with Secretary of State John Kerry "to devise pragmatic initiatives, consistent with Israel's security needs, which would represent Israel's readiness to make painful territorial sacrifices for the sake of peace. He also founded the CRB Foundation, which runs educational enrichment classes in outlying areas in collaboration with the Education Ministry in Israel. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. But watch out, Peter: the darling is already starting to slide. In recent years, as Bronfman has tried to bring baseball back to Montreal, he's spoken longingly about growing up with the Expos meeting players, reading box scores, the move to cavernous Olympic Stadium. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. 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. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. 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. In 1990, he studied geology at Concordia University. SVP Research Development & QA Bryan P Clark Our flexible approach is well-suited to management teams and owners seeking a value-added and long-term partner. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. Robot, a Markham, Ont.-based company that recently introduced the HR6 a walking, talking and dancing humanoid robot that also tells jokes, checks mail and fetches things. Mark Leonard and Family - $3.52 billion CAN ($2.8 billion US) Mark . 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. 39. In 1990, he studied geology at Concordia University. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. We are also very active in co-investments with our private equity partners. In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. We have the flexibility to pursue a range of investment structures as well as transaction types. In September, it looked like Gaglardi's son, Tom, would be part of a successful $250-million bid for the Vancouver NHL team. . The Quebec telecom entrepreneur stepped down as chairman of Telesystem International Wireless Inc. in July. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. This venture proved far less successful despite later rebranding the team as the Alouettes, the team folded prior to the start of the 1987 CFL season. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management 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. The Cirque du Soleil ringmaster celebrated the 20th anniversary of his global empire this year in a refurbished Montreal airport hangar that reportedly featured an absinthe bar and hot tub. On December 22, 2013, Edgar Bronfman Sr. died at age 84. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. 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. Claridge has been involved with some well-known brands including Cirque du Soleil, Dick Clark Productions, gluten-free food maker Glutino and SunOpta, the organic food company. It was divided up by his seven children and wife. sale [2] Bronfman was responsible for increased investment positions in the high-end organic food and beverage industry, mainly through the creation of the Claridge Food Group. 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 direct private equity portfolio spans food and restaurants, media and entertainment, real estate, and technology. Tom Ford. Business must be hopping for Katz's private drugstore empire. Compelling long-term industry fundamentals. 0 transactions in SunOpta Inc (STKL) over the past 5 years. "[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]. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. Creating a legacy. 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. 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. 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. 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. The proposed merger between Montreal brewing dynasty Molson Inc. and Colorado-based beer maker Adolph Coors Co. left a bitter aftertaste for some Molson shareholders, prompting some stock analysts to speculate the deal could fizzle out. Enjoy a 7-Day Free Trial Thru May 09, 2023! Stephen Bronfman (born in Montreal) is a Canadian businessperson. Majority or significant minority equity investments. In January, the family's investment firm bought floundering chartered aircraft company Starlink Aviation. ", 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. 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. After the game, Stephen's father "had to struggle through a back-slapping crowd to reach his car," the Montreal Gazette reported. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. 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 former eBay president founded Los Angeles-based Participant Productions in January, and he wants to fund four to six socially relevant, commercially viable feature films annually. But Cap. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. The firm employs some 30 investment and administrative professionals. Stephen and Mitchell Goldhar: $608 million. Headquartered in Montreal, the company became the largest producer and distributor of distilled spirits in the world. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. 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. So far, they seem to be on the same wavelength about where the deal goes from here. Location Santa Monica, Calif. Price $29.4 million. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. "He's definitely a big fish is a medium sized pond.". Bernard, Laurent and Alain Lemaire: $421 million. 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. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. 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. The founder of software vendor Cognos Inc. owns two vintage planes and a yacht. Letsgetstarted. 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. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. 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. Insiders are limited to only officers and/or directors of the company. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. De Gasp Beaubien family: $400 million. Many people ask about the amount of money Stephen Bronfman makes from Instagram. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. London Drugs continues to expand, and opened a store in Manitoba in May. 1 all the time, coddled and catered to like some members of the business elite. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. 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. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. Majority investments requiring approximately $15-$30 million of equity contribution. We also invest in real estate, credit and special situations funds. He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. Experienced, successful, and ambitious teams demonstrating deep industry insight. The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. 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. His gain was one of the largest windfalls from stock options in Canadian history. 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) . Not having a predetermined fund life gives us the flexibility to make long-term decisions for the well-being of the company. 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. Since our first investment in a private equity fund in 1998, we have invested in over 80 private equity and real estate funds and a dozen co-investments. Photo by Andrew Vaughan / The Canadian Press Rusty Staub was the team's best hitter. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. Stephen R Bronfman Net Worth What's Stephen Bronfman's mailing address? We understand the benefits and risks of financial leverage. In 2006, Stephen's father's second wife died after a car hit her in New York City. He will stay on as executive chairman. 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. Barbara Baerwald (19382021). a net The Libfelds, who operate Toronto's largest house and condo developers, might want to keep an eye on the condo market. About 285 guests attended the lavish ceremony. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. ", "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. SunOpta Inc. is a leading company specializing in the sourcing, processing and production of organic, natural and non-GMO plant- and fruit-based food and beverage products. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The deal went sour and the Bronfman family fortune plunged from $6.5 billion to below $3 billion. 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. 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. The estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. 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. On the downside, insolvent Stelco is one of its major customers and suppliers. Stephen Bronfman is big on family. Ben Bronfman was born in New York, New York, and attended . transported to Winnipeg where it will become the centrepiece of a fashion museum. The "Mega Group" would meet twice a year for two days of seminars related to the topic of philanthropy and Jewishness. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. Financial investments span North America, Europe, and Asia. It's not all in the family anymore. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. brought Making an impact. Grant is more than $100 million richer this year, thanks to privately held Grant Forest Product's major holding, Ainsworth Lumber Co. Its superstar stock shot up 318% over a recent 12-month period. The leaked bank documents indicated that Bronfman and many others had used offshore tax havens to shelter money, which is often perfectly legal. 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.