The Libfelds, who operate Toronto's largest house and condo developers, might want to keep an eye on the condo market. Engagement and empowerment of emerging talent that encourages the development of human potential and that recognizes and celebrates individual and collective ingenuity. A track record of success in building companies across several sectors. He kept a low profile this year. In 2017, he was caught up in the Paradise Papers scandal. He had some early successes and ascended to the top job in 1997. It was a very good year for the Thomson Corp. 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. Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. We take governance seriously and adhere to the highest industry standards. 79. He is married to Claudine Blondin. 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. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. transported to Winnipeg where it will become the centrepiece of a fashion museum. He landed at Claridge, the boutique investment firm started by his father a few years earlier. Insiders are limited to only officers and/or directors of the company. 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. He's an anglophone married to a francophone raising four children in both languages. Stephen and Mitchell Goldhar: $608 million. The early passion for the game still burns today, he says. The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar company that develops and produces foam products for the automobile industry. 37. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. The deal went sour and the Bronfman family fortune plunged from $6.5 billion to below $3 billion. 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. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. 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. According to the SEC Form 4 filings, Stephen R Bronfman has made a total of 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. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. In 1998, Steven Spielberg spoke about his personal religious journey, and later the group discussed Jewish summer camps. The firm has invested in artist tours by the Rolling Stones, Madonna, and Crosby, Stills, Nash and Young. The family went on to run the Seagram Company, with brands like VO, Crown Royal and Chivas Regal. sale 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. 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. Continuous evaluation, both internally and externally, that further strengthens the foundations impact. Sycamore Networks Inc., founded by Deshpande in 1998, was one of seven companies to win a contract from the U.S. Defense Department in January as part of a US$850-million plan to turn its communications system into a worldwide high-speed network. Minto president Roger Greenberg denied any involvement. 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. Her Lebanese immigrant father started out as a door-to-door clothing salesman. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. He was majority owner of Major League Baseball's Montreal Expos from the team's formation in 1968 until 1991. About 285 guests attended the lavish ceremony. He was educated at Selwyn House School in Montreal, Trinity College School in Port Hope, Ontario, and McGill University. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. of 73,345 shares made by Robert Duchscher 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. Rays owner Stuart Sternberg has praised Bronfman, and vice versa. headquartered in Montreal, Quebec. 71. It was divided up by his seven children and wife. Because she is the youngest daughter of a billionaire, she has had more exposure to the outside world. 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. 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Principal owners of the Washington Nationals franchise, Montreal Alouettes/Concordes principal owners, Partnership for Excellence in Jewish Education. 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. We put in place strong boards formed with members that bring experience and sector knowledge to our partners. of He expects the cost of these Gandhi-like movies will average US$20 million each. He made almost $247 million by selling 33 million fund units he received in the deal. Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire. The older son of billionaire Li Ka-shing blamed the unions. Majority investments requiring approximately $15-$30 million of equity contribution. 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. Stephen Bronfman runs the investment firm founded by his father, Claridge. His gain was one of the largest windfalls from stock options in Canadian history. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. 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. . Chagnon had $100 million invested with the fund. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. His personal net worth [he had set aside some personal living money before he handed over the reins to his son] was estimated to be several billion. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. Stephen Bronfman net worth is $10 Million Stephen Bronfman Wiki: Salary, Married, Wedding, Spouse, Family . ", 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. Property tycoon Paul Reichmann stepped down as CEO of family holding company Reichmann International in October, passing the torch to his son, Barry. And a corporate landlord accused of pandemic evictions", https://en.wikipedia.org/w/index.php?title=Stephen_Bronfman&oldid=1142776911, Short description is different from Wikidata, BLP articles lacking sources from February 2019, Articles with topics of unclear notability from January 2020, All articles with topics of unclear notability, Biography articles with topics of unclear notability, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 March 2023, at 09:10. , 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. The family's trials and tribulations have kept them in the news. Flatt, who became chief executive in 2002, has accumulated stock worth another US$2.5 billion. He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. 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. "[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 will stay on as executive chairman. Elite Canadian families. 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. Our flexible approach is well-suited to management teams and owners seeking a value-added and long-term partner. , Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. [1] 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. Stephen R Bronfman Net Worth 2022 and insider trades. 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. Workers were still shoveling snow and bolting in the seats as fans arrived, according to television news reports. [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. Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. Cliff, director and former president of family-owned construction conglomerate Ledcor Group of Cos., ramped up operations at his two vineyards in California's Napa Valley. Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc., the parent company of Fido, for $1.4 billion. You tell me how to do it, and I'll fund it." Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. The grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. Minority investments requiring approximately $5 million of equity contribution. Stephen R Bronfman is the director of SunOpta Inc. 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. "This is what I've been waiting for, and I hope it's what people in the city have been waiting for," he said on a TSN 690 talk radio program Wednesday. 32. After selling off most of its Telemedia Corp. media assets in the past few years, the family mostly stayed out of the limelight in 2004, save for the many mentions in the Montreal Gazette's Social Notes column. Bonita "Bonnie" Roche. Age: 91 Birthplace: Montreal, Canada 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. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. Claridge challenges its portfolio teams to excel and, through respectful and symbiotic relationships, we tend to complement our partners well. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. (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. In April, the CRTC admonished Aliant for selling local phone service in a bundled package in areas of Nova Scotia and P.E.I. Many people ask this question about the money Stephen Bronfman makes from Facebook. Hard-working and honest, our staff is entirely committed to growing your business in a way that is as enjoyable as it is profitable. Disclamer: Stephen Bronfman net worth displayed here are calculated based on a combination social factors. It's not all in the family anymore. 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. Claridge has thrived through many economic cycles. 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. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. 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. The Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. 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. Bronfman said he is Canadian in his heart but sought his dual citizenship in order to vote in the United States. The estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. and Charles Bronfman. Location Santa Monica, Calif. Price $29.4 million. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. The firm employs some 30 investment and administrative professionals. Brick employees shared more than $40 million in bonuses from the offering. He and his partners have identified a downtown site for a new outdoor stadium. of 2,013,459 shares made by Engaged Capital Llc 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. Making an impact. 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. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. So far, they seem to be on the same wavelength about where the deal goes from here. 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. Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. The McCain family also forked over $5 million to the National Ballet School in July. Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. Only the transactions in Open Market or Private Sale at the market prices are included. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. In 1999 he was named a director of Seagram, his family's conglomerate. This investment adviser does not provide advice to individual investors. 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. Or else I would marry a very rich wife. ", "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. Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million. With satellite radio growing by leaps and bounds in the United States, Slaight's Standard Broadcasting Corp. partnered with CBC/Radio Canada and Sirius Satellite Radio in February to bring the digital service to Canadians and convince the CRTC of its merits. 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. The North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. . [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. 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. We are not involved in day-to-day operations of our portfolio companies, preferring to delegate responsibility to the management team. All Rights Reserved. Stephen Bronfman, 55, rarely speaks publicly about his family's early history and has largely steered clear of the recent controversies. no insider transaction in SunOpta Inc (STKL). The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. A member of the Bronfman family, a prominent Quebec family, he is the son of billionaire Charles Bronfman and grandson of Samuel Bronfman and Saidye Rosner Bronfman. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Simple investment structures meet the unique needs of sellers. 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. We evaluate each potential transaction based on its own merits. A Liberal fundraiser lured potential donors to the cocktail party by emailing them about the opportunity to "form relationships and open dialogues with . More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. Cockwell still serves on Brookfield's board, and holds shares worth about US$1.6 billion. From 1999 to 2001, Bronfman was the first chairman of the United Jewish Communities, the merged North American organization comprising United Jewish Appeal, the Council of Jewish Federations and United Israel Appeal. 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. Here is a selection of our success stories. 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. Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest furniture-store magnates. 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. Scarlett Johansson. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi KENDALL JE Enjoy a 7-Day Free Trial Thru May 09, 2023! The founder of software vendor Cognos Inc. owns two vintage planes and a yacht. [20][21], Bronfman joined the Giving Pledge, an initiative of the Bill & Melinda Gates Foundation.[2][9]. The acquisition makes Rogers the largest wireless carrier in Canada. 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. The son of the king of the subdivision got into a fight with the tony Rosedale Golf Club in Toronto's secluded Hogg's Hollow, over a 900-square-foot balcony on his property. About Us Building together. 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 The payoff: the Koschitzky clan increased its net worth 32% since last year.

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