From November 1997 until July 2002, Bronfman was the chairman of the board of Koor Industries Ltd.,[10] one of Israel's largest investment holding companies. Lot Size 1.13 acres. We are a growth-oriented investor with experience across a variety of economic sectors. 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. and Despite some tough times, the executive brothers of Quebec paper and cardboard maker Cascades Inc. stayed almost static on the list. Stephen Bronfman Net Worth His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. GuruFocus.com is not operated by a broker or a dealer. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. Elite Canadian families. 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. Ben Bronfman Net Worth stock. Letsgetstarted. Sirois is also behind Microcell and the Fido brand, which Rogers Wireless bought in November. Broad investment mandate gives us the flexibility to pursue a range of investments types. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. 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 and his partners have identified a downtown site for a new outdoor stadium. The one-million-square-foot building is worth approximately $250 million. The founder of software vendor Cognos Inc. owns two vintage planes and a yacht. Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion. Katz Group Canada Ltd. is planning on spending between $50 million and $100 million a year building and renovating stores. Ben Bronfman net worth: Ben Bronfman is an American musician, activist, and entrepreneur who has a net worth of $100 million dollars. Forbes puts Charles Bronfman's net worth at $3.15 billion CAN ($2.5 billion US). On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. In summary, during the past 3 months, insiders sold 7,000 shares of SunOpta Inc (STKL) in total and bought 0 shares, with a net Our flexible approach is well-suited to management teams and owners seeking a value-added and long-term partner. 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. Minimal risk of obsolescence and disintermediation. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. Joseph and Ted Burnett: $1.08 billion. 4. The firm employs some 30 investment and administrative professionals. PHOTOS BY VINCENZO D'ALTO. 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. 59. A unique mix of entrepreneurial thinking, deep financial expertise and integrity. Money poured in. 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. 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. 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. Canadian Business Since 1999, the program has sent more than 700,000 young Jews from around the world on a 10-day free trip to Israel. 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. Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. [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. 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. 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. Rays owner Stuart Sternberg has praised Bronfman, and vice versa. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $634,359. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. 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. 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. Making an impact. Our third-party managed funds include long only public equities, hedge and private equity funds. [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. About 285 guests attended the lavish ceremony. 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. He kept a low profile this year. 14. You tell me how to do it, and I'll fund it." [20][21], Bronfman joined the Giving Pledge, an initiative of the Bill & Melinda Gates Foundation.[2][9]. But the mystery buyers may not even need to . Bronfman has had some setbacks. According to the SEC Form 4 filings, Stephen R Bronfman has made a total of Most of the Bronfman family have left Montreal. The family, led by Stephen's grandfather Samuel, began distilling and selling cheap booze, sometimes using fake labels like Johnny Walker instead of Johnnie Walker. In 2010 he unsuccessfully tried to buy the Montreal Canadiens of the National Hockey League (NHL).[2]. Richest People In Canada In 2020: Canadian Billionaires 34-year-old Bronfman heir snaps up $30M Santa Monica compound We have the capability to underwrite larger transactions and we are willing to work with partners. 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. Max Fisher, Michael Steinhardt, Leonard Abramson, Edgar Bronfman Sr., and Laurence Tisch were some of the members. Bronfman's son, Stephen, runs Claridge,. You might contact Stephen R Bronfman via mailing address: C/o Claridge Inc, 1170 Peel Street, Montreal Canada H3b E6 00000. The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. Get notification with the latest net worth updates for free. 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. Robert (Bobby) Julien and Delia Moog: $960 million. The company also handed over $15 million to $20 million to rename Edmonton's hockey arena Rexall Place, and hopes the nickname the Drugstore catches on. , Active research and documentation that identifies and analyses challenges confronting communities. 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) . 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. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. The elder Bronfman sold his shares in the team in 1991. Fundamental company data provided by Morningstar, updated daily. Tom Ford. He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition. As part-owner of Maple Leaf Sports & Entertainment Ltd., he was in talks with the Toronto Argonauts earlier this year to jointly acquire Varsity Stadium at the University of Toronto. ", "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. 10 percent owner Bam Partners Trust Other recent insider transactions involving SunOpta Inc (STKL) include Justin Trudeau's chief fundraiser Stephen Bronfman linked to offshore The 67 Richest Canadians in 2023 | Hardbacon It's not all in the family anymore. He is married to Claudine Blondin. Age: 91 Birthplace: Montreal, Canada In January, the family's investment firm bought floundering chartered aircraft company Starlink Aviation. Stephen Bronfman | Montreal Gazette One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a chartered jet company. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $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. Stephen R Bronfman around $4 Million. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. He and his wife have given away millions of dollars to educational, cultural, environmental and Jewish groups through the Claudine and Stephen Bronfman Family Foundation. We are also very active in co-investments with our private equity partners. We report to one owner who plays an integral role in decision-making and works closely with the senior leadership team. They divorced in 2011, on amicable terms, celebrating their divorce with a lavish "divorce party. 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. But with shock jock Howard Stern in the mix, the group might be permanently off-air. He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. "He's definitely a big fish is a medium sized pond.". 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. Many people ask about the amount of money Stephen Bronfman makes from Instagram. 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 chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price. Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. Still in his 20s, he bought two stores and started his own chain. Our sixth annual ranking of Canada's wealthiest people. Specs 8,085 square feet, 5 bedrooms, 7 bathrooms. It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million. In 1951 Bronfman's father Samuel Bronfman gave Charles a 33% ownership stake in Cemp Investments, a holding company for him and his 3 siblings which controlled the family's corporate empire. 96. The family went on to run the Seagram Company, with brands like VO, Crown Royal and Chivas Regal. The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. Alfredo (Fred) DeGasperis: $645 million. Since its foundation in 1986,[15] the charity spent more than $340 million to about 1,820 organizations. 303,475 shares on May 9, 2006, which Experienced, successful, and ambitious teams demonstrating deep industry insight. Now comes the hard work of crunching the numbers to see if the idea makes financial sense, and convincing the city, the province of Quebec and the residents that it's worth the risk. We are not involved in day-to-day operations of our portfolio companies, preferring to delegate responsibility to the management team. Bronfman family - Wikipedia Edward (Ted) Rogers Jr.: $2.21 billion. Stephen R Bronfman Net Worth (2022) - GuruFocus.com Our executives have distinguished international track records with large and small organizations in diverse sectors. 2004-2023 GuruFocus.com, LLC. Majority or significant minority equity investments. In February, the McGill University faculty of management's 24th annual Management Achievement Award honoured Currie, former president of George Weston Ltd., for his business leadership and contributions to the community. 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. We favour simple investment structures that meet the unique needs of sellers. Terence (Terry) Matthews: $1.62 billion. He doesn't seek the spotlight, but it doesn't scare him either, said Karl Moore, a radio host and associate professor at Montreal's McGill University, who has known Bronfman for about 15 years. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. Stephen R Bronfman Net Worth What's Stephen Bronfman's mailing address? Making an impact. 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. 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. [16] Bronfman is also responsible for The Charles Bronfman Prize,[17] honoring individuals for their humanitarian contributions. , Our governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. Creating a legacy. Ben Bronfman was born in New York, New York, and attended . [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. 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. It was at an early meeting of this foundation (originally the CAB Foundation) that he asked the members, "If television can use 30 seconds or 60 seconds to persuade people that Cadillacs or cornflakes are interesting, couldn't we also use that short piece of time to persuade Canadians that their history is interesting? St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Past performance is a poor indicator of future performance. Stephen Bronfman is big on family. Other key executives at SunOpta Inc include Since 1986, he has served as chairman of The Andrea and Charles Bronfman Philanthropies, Inc.[3] He planned to close the foundation in 2016.[9]. Advertisement . In November, the family mourned the death of matriarch Marjorie Leon, who was credited with introducing computers to the 96-year-old furniture and appliance conglomerate. 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 moved smoothly between English and French, in a city where that matters. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. 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 The company reported a 2.5% increase in annual net sales and also announced plans to open a $43.3-million french fry processing facility in northeast China. 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. Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million. Bronfman is one of its principal donors. The grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management In 2006, Stephen's father's second wife died after a car hit her in New York City. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. Charles Bronfman: $1.85 billion 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. Bronfman, whose father Charles was the original owner of the Expos, is part of a group spearheading effort to return baseball the city. 56. ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. SunOpta Inc (STKL) 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).
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