SVP Research Development & QA Bryan P Clark Terence (Terry) Matthews: $1.62 billion. The CEOWORLD magazine Quarterly Rich List 2020 has revealed Canada's wealthiest people. On December 22, 2013, Edgar Bronfman Sr. died at age 84. Stephen R Bronfman Net Worth What's Stephen Bronfman's mailing address? premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. [14] The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. 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. So far, they seem to be on the same wavelength about where the deal goes from here. Other recent insider transactions involving SunOpta Inc (STKL) include "I had the best time because I believe in (this project)," he said on talk radio afterward. 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. 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. In 1999 he was named a director of Seagram, his family's conglomerate. , 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. Kenneth Thomson and family: $22.03 billion. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. The most-recent trade in SunOpta Inc is the He briefly worked in the marketing department of the Montreal Expos, then owned by his father. He'd seen his father come home from work everyday in a suit and tie and didn't think it was for him. 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. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., 1170 PEEL STREET, , , H3B4P2. The elder Bronfman sold his shares in the team in 1991. His gain was one of the largest windfalls from stock options in Canadian history. We also invest in real estate, credit and special situations funds. Price $21.5 million Size 6,616 square feet, 5 bedrooms, 6 bathrooms The ongoing pandemic may have thrown a mansion-sized wrench into the U.S. real estate market, but summer's here and there are still billionaires with ample cash reserves for a lavish vacation home. Subscribe to our free Business by the Bay newsletter. 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. 14. 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. "It was a family tragedy."[3][6]. 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. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. Stephen R Bronfman around $4 Million. We prefer control, but also invest in significant minority situations where we have strong influence over the companys destiny. 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. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . The family's trials and tribulations have kept them in the news. The estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. Edgar Bronfman Jr. is Edgar's son. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. The McCain family also forked over $5 million to the National Ballet School in July. 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. Our sixth annual ranking of Canada's wealthiest people. Bronfman said he is Canadian in his heart but sought his dual citizenship in order to vote in the United States. 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. stock. GuruFocus.com is not operated by a broker or a dealer. Pierre Karl and rik Pladeau: $480 million. 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). The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. sale Letsgetstarted. Since its foundation in 1986,[15] the charity spent more than $340 million to about 1,820 organizations. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. We favour simple investment structures that meet the unique needs of sellers. Past performance is a poor indicator of future performance. a net This broad experience allows us to guide management teams through challenging decisions. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. "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. Geographically, it derives a majority of revenue from the United States. transported to Winnipeg where it will become the centrepiece of a fashion museum. Stephen R Bronfman Net Worth 2022 and insider trades. Bronfman's firm teamed up with renowned concert promoter Michael Cohl to produce tours for the likes of Madonna and the Rolling Stones, and musicals including the award winning Spamalot. Ben Bronfman was born in New York, New York, and attended . Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. 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. 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. After the game, Stephen's father "had to struggle through a back-slapping crowd to reach his car," the Montreal Gazette reported. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. 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. The power couple continued to focus on work this year. Bronfman is closer to that dream than ever. [20][21], Bronfman joined the Giving Pledge, an initiative of the Bill & Melinda Gates Foundation.[2][9]. But the deal collapsed, clearing the way for local businessman Francesco Aquilini to buy 50% of the Canucks in November. 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. Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. 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. We report to one owner who plays an integral role in decision-making and works closely with the senior leadership team. Bratty, head of his family's property development company, Remington Group, was a major donor. Claridge challenges its portfolio teams to excel and, through respectful and symbiotic relationships, we tend to complement our partners well. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire. Compelling long-term industry fundamentals. According to the SEC Form 4 filings, Stephen R Bronfman has made a total of Empire Co., the parent company of successful grocery chain Sobeys, appointed its first ever unrelated chairman in September, as the company reported a 9% increase in first-quarter revenues. In September, Weston's supply of Wonder Bread became tenuous as its supplier, Interstate Bakeries Corp., filed for bankruptcy protection, blaming diet preferences, heavy debt and high costs. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. He is best known for his $50-million contribution to UBC in 1998. The founder and former head of cable company Vidotron now heads up Canada's largest foundation, which helps children. 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. 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. Actively backing the entrepreneurial spirit with more than capital. 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. 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. Hedge funds are used to reduce volatility and risk in the portfolio while attempting to preserve capital and deliver positive returns under all market conditions. 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 information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In 2016 Bonfman closed the charity, which was planned over years. In June, Markham, Ont. of 17. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. 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 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. 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. of 7,000 shares. 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. 2004-2023 GuruFocus.com, LLC. Our executives have distinguished international track records with large and small organizations in diverse sectors. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. , He denies wrongdoing, but was removed as chairman in late November over another questionable transaction. It was a very good year for the Thomson Corp. [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. 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. And having roots. Follow @GrahamBrink. 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. Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. Enjoy a 7-Day Free Trial Thru May 09, 2023! [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. The most recent stock trade was executed by Kenneth C Kempf on 27 December 2022, trading 14,018 units of STKL stock currently worth $113,406. Our third-party managed funds include long only public equities, hedge and private equity funds. Making an impact. It's why he's so excited about the Rays deal. Having won the bid to host the golf event in 2001, Matthews is spending upward of $26 million to update the Wentwood Lakes course with underground cabling for wireless cameras and to build an 85,000-square-foot clubhouse. sale But with shock jock Howard Stern in the mix, the group might be permanently off-air. All Rights Reserved. Workers were still shoveling snow and bolting in the seats as fans arrived, according to television news reports. "That paper loss is among the largest sustained by a single family, ever," Fortune magazine. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. Broad investment mandate gives us the flexibility to pursue a range of investments types. Many people ask this question about the money Stephen Bronfman makes from Facebook. 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) . Business must be hopping for Katz's private drugstore empire. Gururaj (Desh) Deshpande: $346 million. Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. Bronfman has said that he wasn't interested in business as a young man. Tom Ford. His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. 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. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. It's not all in the family anymore. 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. Set up nearly four years ago to manage the assets of the Mannix family, the Mancal Bank in Barbados, a private international institution, began catering to high-net-worth individuals and companies in December. The firm has invested in artist tours by the Rolling Stones, Madonna, and Crosby, Stills, Nash and Young. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. 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. Fundamental company data provided by Morningstar, updated daily. Bronfman's son, Stephen, runs Claridge,. 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. History Community Involvement The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. Experienced, successful, and ambitious teams demonstrating deep industry insight. 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. of 2,213,078 shares. Wanna follow Stephen Bronfman's net worth? This investment adviser does not provide advice to individual investors. 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. 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. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. Simple investment structures meet the unique needs of sellers. 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. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. Despite opposition to the $30-million expansion project, city council's hands are tied; the land is owned by the Squamish Nation, which approved of the centre. 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.
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