The True, Sinister Origin of Bronfman Family Wealth Bernard, Laurent and Alain Lemaire: $421 million. 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. And having roots. Location Santa Monica, Calif. Price $29.4 million. Our direct private equity portfolio spans food and restaurants, media and entertainment, real estate, and technology. a net 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 Harrison McCain family: $1.48 billion. Language links are at the top of the page across from the title. Canadian Business He briefly worked in the marketing department of the Montreal Expos, then owned by his father. of 7,000 shares. Competitive advantages that provide the ability to withstand material changes in the economic environment. The Other Bronfman - Forbes 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 . Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. 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. Our third-party managed funds include long only public equities, hedge and private equity funds. Seagram Heir Buys $30 Million Santa Monica House - DIRT It's been a wild ride for the Calgary mining promoter who saw his personal net wealth skyrocket 250% in last year's Rich 100. 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. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. 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. It was divided up by his seven children and wife. , Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. A former lieutenant-governor of Ontario with a family heritage in financial services and income trusts, he emerged this year as a fierce critic of fallen newspaper tycoon Conrad Black, a one-time friend. The diamond prospector managed to avoid publicity for two years before the media discovered he had donated $30 million worth of shares in Archon Minerals Ltd. to the Sea to Sky University in Squamish, B.C., Canada's first private secular non-profit university. 59. Forbes puts Charles Bronfman's net worth at $3.15 billion CAN ($2.5 billion US). 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 founder of software vendor Cognos Inc. owns two vintage planes and a yacht. It was a very good year for the Thomson Corp. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. Clare Bronfman has an estimated net worth of $600 million. 303,475 shares on May 9, 2006, which Bronfman, whose father Charles was the original owner of the Expos, is part of a group spearheading effort to return baseball the city. The acquisition makes Rogers the largest wireless carrier in Canada. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. The Quebec telecom entrepreneur stepped down as chairman of Telesystem International Wireless Inc. in July. He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. He is best known for his $50-million contribution to UBC in 1998. We are not only chosen for our capital, but also for the type of partnership and guidance we can offer. The family-owned company now has sales of some $450 million a year and continues to expand. 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. 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. transported to Winnipeg where it will become the centrepiece of a fashion museum. Here is a selection of our success stories. Not having a predetermined fund life gives us the flexibility to make long-term decisions for the well-being of the company. 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. 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. Tom and Caleb Chan, the famously private brothers and philanthropists, with extensive golf course and real estate holdings in the Vancouver-Whistler area, scored a major coup recently when it was announced the Telus Skins Game would be returning to their prestigious Nicklaus North course next year. Actively backing the entrepreneurial spirit with more than capital. 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. Flatt, who became chief executive in 2002, has accumulated stock worth another US$2.5 billion. 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) . Because she is the youngest daughter of a billionaire, she has had more exposure to the outside world. In the early 1900s, much of the revenue at the family's hotels in Emerson, Manitoba and later in Winnipeg flowed from selling liquor. [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. Hard-working and honest, our staff is entirely committed to growing your business in a way that is as enjoyable as it is profitable. 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. He'd seen his father come home from work everyday in a suit and tie and didn't think it was for him. Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. They divorced in 2011, on amicable terms, celebrating their divorce with a lavish "divorce party. Geographically, it derives a majority of revenue from the United States. We report to one owner who plays an integral role in decision-making and works closely with the senior leadership team. 17. SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. Stephen Bronfman net worth is $10 Million Stephen Bronfman Wiki: Salary, Married, Wedding, Spouse, Family . Bronfman was also well known for his forays into professional sports. So far, they seem to be on the same wavelength about where the deal goes from here. brought He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. He is on a number of boards, including FPI Ltd., of which Clearwater is a major shareholder, owning 14.9%. Clare Bronfman Net Worth 2022: A Real Time Update on Wealthy Life! The family went on to run the Seagram Company, with brands like VO, Crown Royal and Chivas Regal. He recently inked a deal to produce a US$30-million Beatles show in Las Vegas and is also the proud owner of the $2,605 hot dog he won in an auction for the last wiener sold during the Montreal Expos' final home game. The chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price. But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar could hurt profits. 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. Get notification with the latest net worth updates for free. Canada's Richest People: Charles Bronfman 1 all the time, coddled and catered to like some members of the business elite. About 285 guests attended the lavish ceremony. 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 Gerald (Gerry) Schwartz and Heather Reisman: $758 million. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. 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. 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. Experienced, successful, and ambitious teams demonstrating deep industry insight. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . Stephen R Bronfman currently owns a total of 1 The payoff: the Koschitzky clan increased its net worth 32% since last year. Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. Wanna follow Stephen Bronfman's net worth? 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. 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. 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. Despite some tough times, the executive brothers of Quebec paper and cardboard maker Cascades Inc. stayed almost static on the list. Bronfman's son, Stephen, runs Claridge,. He is married to Claudine Blondin. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. 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 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. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Bronfman is closer to that dream than ever. Updated for 2018! In the Maritime turf war between Bragg's three-year-old EastLink Telephone and BCE's Aliant Inc., EastLink won. The Libfelds, who operate Toronto's largest house and condo developers, might want to keep an eye on the condo market. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. Stephen Bronfman - Wikipedia We also invest in real estate, credit and special situations funds. Mark Leonard and Family - $3.52 billion CAN ($2.8 billion US) Mark . A track record of success in building companies across several sectors. He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition. (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. Constantly moving ahead to not only do more, but also aspiring to always do better, the foundation is committed to live every day by its motto. 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. 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. [2], Bronfman was born into a Jewish family in Montreal. 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 2017, he was caught up in the Paradise Papers scandal. Cockwell still serves on Brookfield's board, and holds shares worth about US$1.6 billion. 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 firm employs some 30 investment and administrative professionals. Our portfolio teams are put together to reflect a unique mix of experience and entrepreneurial spirit, which has proven to be extremely efficient. Combined, the seven companies won US$260 million worth of contracts. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. Stephen Jarislowky - $2.26 billion CAN ($1.8 billion US) Stephen Jarislowsky fled Nazi Germany for the Netherlands, then France, before immigrating to the United States in the 1940s. The company, which bought out package maker Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits. podcast episodes, Brokers, Bagmen, & Moles podcast episodes, Connections with BCD Travel podcast episodes, Cyber Security & Cloud Podcast podcast episodes, Coinbase Institutional Market Call podcast episodes, South Side Rules: A Shameless Podcast podcast episodes. All Rights Reserved. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. "He's definitely a big fish is a medium sized pond.". [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. By CB Staff November 9, 2017 The Top 25 The Rich 100 Highest-Paid CEOs This is the complete Canadian Business ranking of the 100 wealthiest individuals and families in Canada. Business must be hopping for Katz's private drugstore empire. 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. Follow @GrahamBrink. Contact Graham Brink at gbrink@tampabay.com. , PHOTOS BY VINCENZO D'ALTO. In June, Markham, Ont. 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 estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. Stephen R Bronfman Net Worth (2023) | wallmine CA Pierre Karl and rik Pladeau: $480 million. Stephen R Bronfman Net Worth (2023) | wallmine Our executives have distinguished international track records with large and small organizations in diverse sectors. Married 1961. Other key executives at SunOpta Inc include Bratty, head of his family's property development company, Remington Group, was a major donor. Clare Bronfman was born in Clifton . 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. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. 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. A fan favorite, he's still referred to in Montreal as "Le Grand Orange" for the color of his hair. That means weaker demand, greater supply and price declines, or buyer incentives in the future. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. De Gasp Beaubien family: $400 million. He doesn't need to be No. Majority investments requiring approximately $15-$30 million of equity contribution. Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. 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. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. Since its foundation in 1986,[15] the charity spent more than $340 million to about 1,820 organizations. Under his leadership, the Bronfman family established itself as a pioneer of the Canadian industrial landscape and built a crown jewel of the emerging Canadian economy. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. 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? Many people ask this question about the money Stephen Bronfman makes from Facebook. 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. In 2010 he unsuccessfully tried to buy the Montreal Canadiens of the National Hockey League (NHL).[2]. 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. The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. "That paper loss is among the largest sustained by a single family, ever," Fortune magazine. Comprehensive financial expertise and extensive relationships in the business and financial community can be leveraged by our portfolio companies in the context of mergers and acquisitions, IPOs, and financings. Terence (Terry) Matthews: $1.62 billion. Advertisement . of 42,714 shares made by David Largey 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. [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. Stephen Bronfman (born in Montreal) is a Canadian businessperson. It's actually a myth about how to make money on Facebook Stephen Bronfman (born in Montreal) is a Canadian businessperson. 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. Our sixth annual ranking of Canada's wealthiest people. . But the mystery buyers may not even need to . [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. Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. Only the transactions in Open Market or Private Sale at the market prices are included. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. Stephen R Bronfman is the director of SunOpta Inc. Under the leadership of Charles and brother Edgar, it controlled billions of dollars in liquor, real estate, oil and gas, and chemical companies. The early passion for the game still burns today, he says. The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. 0 transactions in SunOpta Inc (STKL) over the past 5 years. The founder and former head of cable company Vidotron now heads up Canada's largest foundation, which helps children. Scarlett Johansson. Bronfman is one of its principal donors. 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. Minimal risk of obsolescence and disintermediation. Who is Clare Bronfman, the Seagram's heiress who financed Nxivm? Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. He denies wrongdoing, but was removed as chairman in late November over another questionable transaction. 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. Stephen R Bronfman made 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. 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. "[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]. Stephen Bronfman, 55, rarely speaks publicly about his family's early history and has largely steered clear of the recent controversies. Details can be seen in Stephen R Bronfman's Latest Holdings Summary section. 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. 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. 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. sale 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 . 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]. The deal fell through. Katz Group Canada Ltd. is planning on spending between $50 million and $100 million a year building and renovating stores. Stephen Bronfman runs the investment firm founded by his father, Claridge. Principal owners of the Washington Nationals franchise, Montreal Alouettes/Concordes principal owners, Partnership for Excellence in Jewish Education. SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. Chagnon had $100 million invested with the fund. In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. About Us Building together. Bronfman attended the state dinner that President Barack Obama held for Trudeau at the White House.
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