Targeted networks and partnerships allow the foundation to build on the best practices that answer needs with concrete solutions and that broaden its reach. of 42,714 shares made by David Largey He doesn't seek the spotlight, but it doesn't scare him either, said Karl Moore, a radio host and associate professor at Montreal's McGill University, who has known Bronfman for about 15 years. And having roots. . On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. 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. The leaked bank documents indicated that Bronfman and many others had used offshore tax havens to shelter money, which is often perfectly legal. Lot Size 1.13 acres. [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. 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. Gururaj (Desh) Deshpande: $346 million. He's an anglophone married to a francophone raising four children in both languages. "It was a family tragedy."[3][6]. 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. Rival firm Interfor was also in the running. Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. Stephen R Bronfman Net Worth What's Stephen Bronfman's mailing address? He is the co-chairman of the McGill Institute for the Study of Canada. Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc., the parent company of Fido, for $1.4 billion. In 1924, Samuel founded the Distillers Corporation in Montreal. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. He is married to Claudine Blondin. In September 2016, Stephen Bronfman helped host a $1,500-a-ticket fundraiser for Trudeau in Westmount, an English-speaking suburb of Montreal that is one of the wealthiest enclaves in Canada. 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. Other transactions such as conversion of derivative security or exercise of options are not included. From November 1997 until July 2002, Bronfman was the chairman of the board of Koor Industries Ltd.,[10] one of Israel's largest investment holding companies. His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. Rays to fans: 'We desperately want to stay in Tampa Bay', Rays have cleared one Montreal hurdle, but many remain, Why Rays think their Montreal idea is so 'amazing', Tampa Bay has to decide whether it's a major league market, Stu-realism on display at Rays' museum exhibition. Mark Leonard and Family - $3.52 billion CAN ($2.8 billion US) Mark . [20][21], Bronfman joined the Giving Pledge, an initiative of the Bill & Melinda Gates Foundation.[2][9]. At left is and Pierre Boivin. 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. 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. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. SVP Research Development & QA Bryan P Clark Stephen and Mitchell Goldhar: $608 million. 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. The 67 Richest Canadians in 2023 | Hardbacon Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. The high-profile guests included former B.C. 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. Many people ask this question about the money Stephen Bronfman makes from Facebook. London Drugs continues to expand, and opened a store in Manitoba in May. We put in place strong boards formed with members that bring experience and sector knowledge to our partners. 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. 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. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. 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. The Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. Active research and documentation that identifies and analyses challenges confronting communities. Last October, a lavish compound set on what is frequently considered to be the best residential street in Santa Monica sold for $29.4 million. Her Lebanese immigrant father started out as a door-to-door clothing salesman. Competitive advantages that provide the ability to withstand material changes in the economic environment. But with shock jock Howard Stern in the mix, the group might be permanently off-air. About 285 guests attended the lavish ceremony. On average, Sunopta executives and independent directors trade stock every 22 days with the average trade being worth of $636,028. Clare Bronfman Net Worth 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. Stephen Bronfman is big on family. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. Claridge also has third-party managed investments in a variety of industries throughout the world. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. It's why he's so excited about the Rays deal. He hopes the deal gets done, so that he can attend opening day with his 88-year-old father. He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. We report to one owner who plays an integral role in decision-making and works closely with the senior leadership team. "That paper loss is among the largest sustained by a single family, ever," Fortune magazine. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. What Is Clare Bronfman's Net Worth? The Seagram Heiress Sentenced Unlike traditional private equity firms, we have an owner mindset and a longer time horizon to allow for the maximization of value with each of our operating companies. The acquisition makes Rogers the largest wireless carrier in Canada. "I had the best time because I believe in (this project)," he said on talk radio afterward. 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). Focus on true value creation, not short term profits. Stephen R Bronfman currently owns a total of 1 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. 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. and 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. About Us Building together. 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. Charles Bronfman - Forbes Still in his 20s, he bought two stores and started his own chain. During her trial in New York Bronfman spoke in an English accent, although she left the UK in her mid-teens to reunite with her father, Edgar Bronfman Sr, who had a net worth of $2.5bn before he . It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million. of 73,345 shares made by Robert Duchscher A fan favorite, he's still referred to in Montreal as "Le Grand Orange" for the color of his hair. In October, Kolter Property Co.'s Toronto office portfolio was sold to German investors for $492 million. 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. 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 . Bronfman has described himself as an optimist. Claridge has been involved with some well-known brands including Cirque du Soleil, Dick Clark Productions, gluten-free food maker Glutino and SunOpta, the organic food company. 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 sale 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 former eBay president founded Los Angeles-based Participant Productions in January, and he wants to fund four to six socially relevant, commercially viable feature films annually. He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition. Stephen Bronfman | Montreal Gazette 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. In the Maritime turf war between Bragg's three-year-old EastLink Telephone and BCE's Aliant Inc., EastLink won. But watch out, Peter: the darling is already starting to slide. (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. We evaluate each potential transaction based on its own merits. Charles Bronfman Net Worth: $2.54 billion ( 1.2% from 2017) Rich 100 rank: #39 Change in rank from 2017: 4 Major company holdings: Vivendi Location: New York & Palm Beach, Fla. Age: 86 Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. 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. Our flexible approach is well-suited to management teams and owners seeking a value-added and long-term partner.