stephen bronfman net worth

He hopes the deal gets done, so that he can attend opening day with his 88-year-old father. 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. 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. transported to Winnipeg where it will become the centrepiece of a fashion museum. We aim to achieve diversification through investment strategy, sector, geography, fund manager, and vintage year. Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. "He's a business success in his own right," he said. 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. 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. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. Fundamental company data provided by Morningstar, updated daily. 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. of 73,345 shares made by Robert Duchscher 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. In 1924, Samuel founded the Distillers Corporation in Montreal. More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. 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. 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. Stuart Belkin saw sweet profits this year from his family's stake in the Rogers Sugar Income Fund. 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. 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. Ben Bronfman net worth: Ben Bronfman is an American musician, activist, and entrepreneur who has a net worth of $100 million dollars. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. [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. National Basketball Association net worth, Republican Party (United States) net worth, United States House of Representatives net worth, United States Department of the Treasury net worth, Royal National Lifeboat Institution net worth, Royal Society for the Protection of Birds net worth, New York City Department of Buildings net worth, National Grid Corporation of the Philippines net worth, CORRUPTION: What happened to Grant Solomon? 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. 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 grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. Melnyk, who also owns the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S. and Canadian regulators. Above is the net worth, insider trading, and ownership report for Stephen R Bronfman. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. Advertisement . He is on a number of boards, including FPI Ltd., of which Clearwater is a major shareholder, owning 14.9%. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. The most active insiders traders include Face Capital Inc.Boland Gre, Organics, L.P.Oaktree Fund , and Advisory Partners Lp Ardsle. 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 founder of Quebec-based printer and publisher Transcontinental Inc. resigned his post as CEO in March, almost three decades after he started the company. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. Comrie earned more than $270 million this year after converting his chain of more than 160 discount outlets into an income trust. It's not all in the family anymore. [5], Bronfman and his brother, Edgar, inherited the Seagram spirits empire in 1971 after the death of their father, Sam Bronfman. 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. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. Building together. Broad investment mandate gives us the flexibility to pursue a range of investments types. 0 transactions in SunOpta Inc (STKL) over the past 5 years. [2], Bronfman was born into a Jewish family in Montreal. 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). 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. Stephen and Mitchell Goldhar: $608 million. The secretive founder and president of Future Electronics is a major benefactor of Alcor Life Extension Foundation, and it's rumoured he will have his body frozen at death. 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 governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. Bronfman said he is Canadian in his heart but sought his dual citizenship in order to vote in the United States. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. The elder Bronfman sold his shares in the team in 1991. Not having a predetermined fund life gives us the flexibility to make long-term decisions for the well-being of the company. The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. 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. Bronfman is closer to that dream than ever. "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. 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 It was a very good year for the Thomson Corp. Competitive advantages that provide the ability to withstand material changes in the economic environment. Past performance is a poor indicator of future performance. 96. Here is a selection of our success stories. Katz Group Canada Ltd. is planning on spending between $50 million and $100 million a year building and renovating stores. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. Hard-working and honest, our staff is entirely committed to growing your business in a way that is as enjoyable as it is profitable. 17. Many people ask about the amount of money Stephen Bronfman makes from Instagram. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. Bad things come in threes: first Moody's Investor's Service announced on Nov. 12 that it was downgrading Bombardier debt to junk status, then its Class B shares hit a decade low of $2.53 on Nov. 15, and finally a Bombardier regional jet exploded and crashed into a Mongolian lake on Nov. 21, killing 54 people in China's deadliest aviation disaster since 2002. Mark Leonard and Family - $3.52 billion CAN ($2.8 billion US) Mark . Media wonder boy Pierre Karl assumed the helm at the printing division of his family's Montreal-based Quebecor Inc. And in a bid to increase its foothold in the English-language television market, Quebecor snapped up the ailing Toronto 1 station from Craig Media Inc. in November. "[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]. , 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. Stephen R Bronfman is Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. Geographically, it derives a majority of revenue from the United States. [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. Other key executives at SunOpta Inc include After selling his big-box electronics chain, Future Shop, to rival Best Buy in 2001, Khosrowshahi has focused on investments in the pharmaceutical, retail and real estate industries. Opportunities to implement operational value creation initiatives. sale Simple investment structures meet the unique needs of sellers. It's why he's so excited about the Rays deal. The founder and former head of cable company Vidotron now heads up Canada's largest foundation, which helps children. The "Mega Group" would meet twice a year for two days of seminars related to the topic of philanthropy and Jewishness. Other recent insider transactions involving SunOpta Inc (STKL) include Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. Robert (Bobby) Julien and Delia Moog: $960 million. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. About 285 guests attended the lavish ceremony. A track record of success in building companies across several sectors. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. The project created 175 new jobs, consolidated 475 existing ones, paid for a new coated paper machine and modernized two other ones. Experienced, successful, and ambitious teams demonstrating deep industry insight. Sirois is also behind Microcell and the Fido brand, which Rogers Wireless bought in November. 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. He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. Since its foundation in 1986,[15] the charity spent more than $340 million to about 1,820 organizations. 39. In a 2006 article, Forbes magazine put it this way: "If the Bronfmans are Canadian royalty, Stephen Bronfman is the prince you've never heard of.". Humility could be an asset as the two sides sort out how to share a baseball team. 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. 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. In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. Clare Bronfman has an estimated net worth of $600 million. Since 1999, the program has sent more than 700,000 young Jews from around the world on a 10-day free trip to Israel. But Cap. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. He and his partners have identified a downtown site for a new outdoor stadium. "He's definitely a big fish is a medium sized pond.". He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. Workers were still shoveling snow and bolting in the seats as fans arrived, according to television news reports. Bronfman is adding to his family's wealth. 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. Only the transactions in Open Market or Private Sale at the market prices are included. In August, Lino Saputo, founder of North America's fourth-largest cheese producer, bought an 80% stake in Place Victoria, a downtown landmark and home of the Montral Exchange, for an undisclosed price. Stephen Bronfman runs the investment firm founded by his father, Claridge. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. 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. Barbara Baerwald (19382021). Our sixth annual ranking of Canada's wealthiest people. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. 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. Combined, the seven companies won US$260 million worth of contracts. Stephen Bronfman Net Worth Stephen Bronfman Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. The McCain family also forked over $5 million to the National Ballet School in July. 71. Like many baseball fans, he remembers how excited he was to attend games with his dad the buzz of the crowd, the joy of a big win, the way a loss could feel like the end of the world. Edgar Bronfman Jr. is Edgar's son. It's actually a myth about how to make money on Facebook Stephen Bronfman (born in Montreal) is a Canadian businessperson. About Us Building together. The company's operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. According to the SEC Form 4 filings, Stephen R Bronfman has made a total of of We favour simple investment structures that meet the unique needs of sellers. 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. [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. 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. In 1990, he studied geology at Concordia University . 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. Subscribe to our free Business by the Bay newsletter. sale He had some early successes and ascended to the top job in 1997. 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 family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. Stephen Bronfman's father, Charles, was the Expos first owner, giving the son a close-up view of the team during the early years. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . Schwartz's holding company, Onex, is awash with cash but he won't speculate on new acquisitions. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. 79. Other transactions such as conversion of derivative security or exercise of options are not included. We report to one owner who plays an integral role in decision-making and works closely with the senior leadership team. 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. With stakes in everything from seafood to nursing homes to pulp and paper, the Jodrey empire also has a 25% interest in Nova Scotia's provincially funded gas distribution project, Heritage Gas Ltd. After his quiet departure from ATI Technologies Inc. in 2000, Lau helped launch Dr. Creating a legacy. 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. 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. Or else I would marry a very rich wife. In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. There will be no preferential seating for the real estate mogul at Canucks hockey games, after all. Larry Parrish blasted 30 home runs for the exciting 1979 Expos, and pitcher Steve Rogers won 19 games with a 2.40 earned run average in 1982, good enough to garner the second most votes for the Cy Young Award, given to the league's best pitcher each year. Still in his 20s, he bought two stores and started his own chain. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. Marcoux said Transcontinental will retain its dual-class share structure, which gives his family 62% of the votes with only 15% of the equity in the $2-billion company. 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. Photo by Andrew Vaughan / The Canadian Press 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 Majority or significant minority equity investments. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Investments that favour the environment, culture, education, entrepreneurship and Jewish life. 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. . Making an impact. 4. , a net His gain was one of the largest windfalls from stock options in Canadian history. of 2,213,078 shares. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. Some millionaires would like to live forever. The family-owned company now has sales of some $450 million a year and continues to expand. Joyce made headlines in June when his Fox Harb'r resort in Nova Scotia was fined $180,000 for offshore blasting. Specs 8,085 square feet, 5 bedrooms, 7 bathrooms. of 2,013,459 shares made by Engaged Capital Llc Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. Rays owner Stuart Sternberg has praised Bronfman, and vice versa. 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. 82. Ben Bronfman was born in New York, New York, and attended . ", 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. Despite Magna's recently announced plan to privatize its much-hyped spinoffs, Stronach's empire of auto parts companies is still a highly respected global operation. Stephen R Bronfman is the director of SunOpta Inc. 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. [1] The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. This fall, it announced it was selling $900 million worth of notes to partially fund the redemption of $1.2 billion worth of debt securities. One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a chartered jet company. Our investment experience, coupled with our expertise in identifying transformational opportunities and adding value to portfolio companies, has helped us achieve superior risk-adjusted returns over the long term.

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