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. Over the past 18 months, The 67 Richest Canadians in 2023 | Hardbacon Joseph and Ted Burnett: $1.08 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. Language links are at the top of the page across from the title. Claridge has thrived through many economic cycles. Come take a tour of Stephen Bronfman's family farmhouse in the 79. 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. In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. Bratty, head of his family's property development company, Remington Group, was a major donor. About 285 guests attended the lavish ceremony. other: See Footnote 1 Engaged Capital Special Situation Fund, Lp 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. 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. The older son of billionaire Li Ka-shing blamed the unions. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. 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. "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. Only the transactions in Open Market or Private Sale at the market prices are included. In 1990, he studied geology at Concordia University. The Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. 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. 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]. 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. The Expos came back to defeat the St. Louis Cardinals 8-7. Larco Investments, owned by the Lalji family, is courting controversy in Vancouver as stores in its 240,000-square-foot development, dubbed Canada's first lifestyle centre, begin to open. 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. 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. You might contact Stephen R Bronfman via mailing address: C/o Claridge Inc, 1170 Peel Street, Montreal Canada H3b E6 00000. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. 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. 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. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. We aim to achieve diversification through investment strategy, sector, geography, fund manager, and vintage year. 10 things: Get to know the Bronfman family's rich and storied history Bronfman is closer to that dream than ever. Geographically, it derives a majority of revenue from the United States. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million. Year 1925. Principal owners of the Washington Nationals franchise, Montreal Alouettes/Concordes principal owners, Partnership for Excellence in Jewish Education. He denies wrongdoing, but was removed as chairman in late November over another questionable transaction. sale We prefer control, but also invest in significant minority situations where we have strong influence over the companys destiny. Terence (Terry) Matthews: $1.62 billion. In October, he was advised by the RCMP that his company, Royal Group Technologies, was part of an investigation into allegations it deceived or defrauded shareholders regarding money transferred to a luxury Caribbean resort controlled by De Zen. 2004-2023 GuruFocus.com, LLC. 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. 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. This investment adviser does not provide advice to individual investors. We are not only chosen for our capital, but also for the type of partnership and guidance we can offer. 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. 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. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. Buyer Jeremy Bronfman. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. The deal fell through. Max Fisher, Michael Steinhardt, Leonard Abramson, Edgar Bronfman Sr., and Laurence Tisch were some of the members. Clare Bronfman was born in Clifton . 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. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. Our sixth annual ranking of Canada's wealthiest people. We are a growth-oriented investor with experience across a variety of economic sectors. Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. We understand the benefits and risks of financial leverage. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. From humble beginnings as a Russian immigrant at the end of the nineteenth century, the family patriarch Samuel Bronfman began to build what would become the largest distiller in North America. Past performance is a poor indicator of future performance. 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. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Bronfman said almost all construction materials and labour were locally-sourced, but imported German windows and doors were necessary to ensure the building's very tight envelope. The family went on to run the Seagram Company, with brands like VO, Crown Royal and Chivas Regal. 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. Stephen R Bronfman Net Worth What's Stephen Bronfman's mailing address? The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. Meanwhile, the board of Canadian Natural Resources Ltd. (in which he has large holdings) delayed a decision to approve its massive $10.6-billion Horizon oilsands project in order to take a closer look at cost overruns. Stephen R Bronfman is 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. 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. (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. Bronfman is adding to his family's wealth. The Vancouver-based family also continued to manage investments in real estate and pulp and paper through its privately owned conglomerate, Belkorp Industries Inc. Stroll was spotted vacationing with former Gucci designer Tom Ford on the Caribbean island of Mustique last December, prompting one local to speculate on the hatch of the next big fashion labelright here on this tiny island. But for now, Stroll will keep his day job as co-chairman of upscale New York fashion label Michael Kors. 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? Broad investment mandate gives us the flexibility to pursue a range of investments types. Wanna follow Stephen Bronfman's net worth? The Quebec telecom entrepreneur stepped down as chairman of Telesystem International Wireless Inc. in July. We are also very active in co-investments with our private equity partners. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. 0 transactions in SunOpta Inc (STKL) over the past 5 years. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. With plans to open a luxury bed and breakfast nearby, let's hope Poetry, his winery's limited-release US$89-a-bottle flagship Cabernet Sauvignon, is a big seller. This broad experience allows us to guide management teams through challenging decisions. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. 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. Humility could be an asset as the two sides sort out how to share a baseball team. Want more of our free, weekly newslettersinyourinbox? It's why he's so excited about the Rays deal. History Community Involvement He is married to Claudine Blondin. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. He and his partners have identified a downtown site for a new outdoor stadium. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi KENDALL JE The 77-year-old Montreal financier snatched up French publisher Groupe Moniteur in March through his Paris-based private equity firm, Sagard SAS, for US$335 million. In 1951 Bronfman's father Samuel Bronfman gave Charles a 33% ownership stake in Cemp Investments, a holding company for him and his 3 siblings which controlled the family's corporate empire. . Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi sale He has two older sisters, the art patron Baroness Aileen "Minda" Bronfman de Gunzberg, and architecture expert and developer Phyllis Lambert. Not having a predetermined fund life gives us the flexibility to make long-term decisions for the well-being of the company. The most active insiders traders include Face Capital Inc.Boland Gre, Organics, L.P.Oaktree Fund , and Advisory Partners Lp Ardsle. 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. 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. "He's a business success in his own right," he said. 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. The company reported a 2.5% increase in annual net sales and also announced plans to open a $43.3-million french fry processing facility in northeast China. 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. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. Actively backing the entrepreneurial spirit with more than capital. It generates maximum revenue from the Plant-Based Foods and Beverages segment. a net Bronfman is one of its principal donors. 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. Enjoy a 7-Day Free Trial Thru May 09, 2023! Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 1 all the time, coddled and catered to like some members of the business elite. Wanna follow Stephen Bronfman's net worth? 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. brought of 2,213,078 shares. We favour simple investment structures that meet the unique needs of sellers. He'd seen his father come home from work everyday in a suit and tie and didn't think it was for him. They divorced in 2011, on amicable terms, celebrating their divorce with a lavish "divorce party. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. He was majority owner of Major League Baseball's Montreal Expos from the team's formation in 1968 until 1991. The firm has invested in artist tours by the Rolling Stones, Madonna, and Crosby, Stills, Nash and Young. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. On December 22, 2013, Edgar Bronfman Sr. died at age 84. It's not all in the family anymore. [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. Stephen R Bronfman Net Worth 2022 and insider trades. Members of the Bronfman Family | List of Bronfman Family Names De Gasp Beaubien family: $400 million. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. Premier Gordon Campbell's most generous patron in 2003. celebrated the groundbreaking of the $18-million Rudy Bratty Centre Markham Family YMCA, set to open in a 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. Active research and documentation that identifies and analyses challenges confronting communities. In 1990, he studied geology at Concordia University. 10. Our governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. Advertisement . Stephen Bronfman was a young boy when the Expos first arrived in Montreal. We seek to partner with and invest in high-quality businesses with strong and defensible market positions. 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. 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 Stephen R Bronfman is the director of SunOpta Inc. In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. It was out of that discussion that the Heritage Minutes were conceived, piloted, distributed through cinemas and broadcasters across the country, and then confirmed as a major contribution of the foundation which a few years later became Historica, recently merged with the Dominion Institute. 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. 34-year-old Bronfman heir snaps up $30M Santa Monica compound According to the SEC Form 4 filings, Stephen R Bronfman has made a total of The firm employs some 30 investment and administrative professionals. Seagram Heir Buys $30 Million Santa Monica House - DIRT ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. Continuous evaluation, both internally and externally, that further strengthens the foundations impact. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. He was educated at Selwyn House School in Montreal, Trinity College School in Port Hope, Ontario, and McGill University. Rusty Staub was the team's best hitter. Who's in, who's out, who's hot, who's not. Stock quotes provided by InterActive Data. Age: 91 Birthplace: Montreal, Canada [2], Bronfman was born into a Jewish family in Montreal. 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. of 2,013,459 shares made by Engaged Capital Llc A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. 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. In June, Markham, Ont. 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. Stephen R Bronfman Net Worth (2023) | wallmine CA 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. Seagram Heiress Ellen Bronfman Buys $21.5 Million Malibu Mansion - DIRT Edward (Ted) Rogers Jr.: $2.21 billion. [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. These types of businesses tend to have the following characteristics: We target mid-market companies in Canada and the United States. In 1990, he studied geology at Concordia University . 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 Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. The company also handed over $15 million to $20 million to rename Edmonton's hockey arena Rexall Place, and hopes the nickname the Drugstore catches on. Flatt, who became chief executive in 2002, has accumulated stock worth another US$2.5 billion. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. of The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Headquartered in Montreal, the company became the largest producer and distributor of distilled spirits in the world. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. J. R. Shaw's cable TV giant, now run by his son Jim, jumped on the voice-over-Internet protocol (VoIP) bandwagon this year, announcing plans to team up with rival Bell Canada to offer its Digital Phone service to subscribers by next year. Scarlett Johansson. But with shock jock Howard Stern in the mix, the group might be permanently off-air. , Minimal risk of obsolescence and disintermediation. of 7,000 shares. Creating a legacy. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. The real estate tycoon and chairman of Orlando Corp. sold off about $245 million of his company's industrial and office portfolio this year while continuing to collect rent from tenants in Orlando's sprawling 31-million-square-foot empire.

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