He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. This investment adviser does not provide advice to individual investors. Letsgetstarted. In 1990, he studied geology at Concordia University. Kenneth Thomson and family: $22.03 billion. Investments that favour the environment, culture, education, entrepreneurship and Jewish life. 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. Bratty, head of his family's property development company, Remington Group, was a major donor. Language links are at the top of the page across from the title. Paul Bronfman: BCE's $3.38 Billion Astral Media Takeover is 48. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. With the October 2003 purchase of U.S.-based Circle K for $1.1 billion, Bouchard now controls North Americas fourth-largest c-store chain, with annual sales of $5.9 billion. London Drugs continues to expand, and opened a store in Manitoba in May. Barbara Baerwald (19382021). He had some early successes and ascended to the top job in 1997. 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 grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. Stephen Bronfman runs the investment firm founded by his father, Claridge. 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. In 2017, he was caught up in the Paradise Papers scandal. Want more of our free, weekly newslettersinyourinbox? We put in place strong boards formed with members that bring experience and sector knowledge to our partners. 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? 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. Management with skin in the game investing alongside us. 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. 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. 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. We are differentiated by our entrepreneurial family business mindset, flexible investment approach, global relationships, value creation capabilities, strong integrity, use of reasonable leverage, and long-term investment horizon. It has helped propel him through seven years of ups and downs on his quest to bring Major League Baseball back to Montreal. 1 all the time, coddled and catered to like some members of the business elite. the Director of SunOpta Inc and owns about 5,389,288 shares of SunOpta Inc (STKL) stock worth over $44 Million. Competitive advantages that provide the ability to withstand material changes in the economic environment. Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. It's why he's so excited about the Rays deal. 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. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Bonita "Bonnie" Roche. 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. 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. 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. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. Since its foundation in 1986,[15] the charity spent more than $340 million to about 1,820 organizations. Come take a tour of Stephen Bronfman's family farmhouse in the SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. Married 1961. He expects the cost of these Gandhi-like movies will average US$20 million each. 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 Bronfman name may not be well known in these parts, but the family has a long and storied history in Canada, dating to when the clan fled the anti-Semitic pogroms in Moldova in 1889. 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. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. What Is Clare Bronfman's Net Worth? The Seagram Heiress Sentenced Under the leadership of Charles and brother Edgar, it controlled billions of dollars in liquor, real estate, oil and gas, and chemical companies. He moved smoothly between English and French, in a city where that matters. Disclamer: Stephen Bronfman net worth displayed here are calculated based on a combination social factors. They divorced in 2011, on amicable terms, celebrating their divorce with a lavish "divorce party. Canada's Richest People: The Complete Top 100 Ranking - Canadian Business About 285 guests attended the lavish ceremony. Robert (Bobby) Julien and Delia Moog: $960 million. 10. It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million. Opportunities to implement operational value creation initiatives. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. Bronfman attended the state dinner that President Barack Obama held for Trudeau at the White House. 17. Charles Bronfman - Wikipedia His gain was one of the largest windfalls from stock options in Canadian history. Stephen R Bronfman Net Worth (2022) - GuruFocus.com Clare Bronfman Net Worth 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. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. 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? Stephen Bronfman - Wikipedia Specs 8,085 square feet, 5 bedrooms, 7 bathrooms. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. "I had the best time because I believe in (this project)," he said on talk radio afterward. The Other Bronfman - Forbes Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. Stephen R Bronfman Net Worth 2022 and insider trades. Details can be seen in Stephen R Bronfman's Latest Holdings Summary section. The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar company that develops and produces foam products for the automobile industry. Our executives have distinguished international track records with large and small organizations in diverse sectors. 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. Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. This broad experience allows us to guide management teams through challenging decisions. The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. 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. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. You tell me how to do it, and I'll fund it." Bronfman's son, Stephen, runs Claridge,. 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. Stephen Bronfman, 55, rarely speaks publicly about his family's early history and has largely steered clear of the recent controversies. The information company sold its Thomson Media group to Investcorp for US$350 million and gobbled up at least 10 companies of all types and sizes. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. 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 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. GuruFocus.com is not operated by a broker or a dealer. a net . 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. [20][21], Bronfman joined the Giving Pledge, an initiative of the Bill & Melinda Gates Foundation.[2][9]. Continuous evaluation, both internally and externally, that further strengthens the foundations impact. 59. Stephen R Bronfman Net Worth (2023) | wallmine CA We favour simple investment structures that meet the unique needs of sellers. He is the co-chairman of the McGill Institute for the Study of Canada. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. Stephen Bronfman was a young boy when the Expos first arrived in Montreal. Bronfman has had some setbacks. 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. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. During the past 18 months, 2,284,800 shares of SunOpta Inc (STKL) were sold and 71,722 shares were bought by its insiders, resulting in a net But watch out, Peter: the darling is already starting to slide. The award recognizes refiners with exemplary achievements in areas such as producing clean fuels and dedication to environmental performance. He was majority owner of Major League Baseball's Montreal Expos from the team's formation in 1968 until 1991. His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest Products. stock. The company, which bought out package maker Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits. We have a longer-term outlook than most investors. The deal went sour and the Bronfman family fortune plunged from $6.5 billion to below $3 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 Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. In 2006, Stephen's father's second wife died after a car hit her in New York City. 71. 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. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. 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. SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. Some millionaires would like to live forever. [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. Our focus is on large- and middle-market buyout and growth equity funds in North America, Europe and to a lesser extent in emerging markets. Broad investment mandate gives us the flexibility to pursue a range of investments types. SVP Research Development & QA Bryan P Clark Canadian Business Stephen Bronfman Net Worth Stephen Bronfman Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. 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. Charles Bronfman - Forbes 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. But the mystery buyers may not even need to . Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. [2], Bronfman was born into a Jewish family in Montreal. Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. 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. 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. , 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. Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. Majority investments requiring approximately $15-$30 million of equity contribution. 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. "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. On December 22, 2013, Edgar Bronfman Sr. died at age 84. sale 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 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.
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