A former lieutenant-governor of Ontario with a family heritage in financial services and income trusts, he emerged this year as a fierce critic of fallen newspaper tycoon Conrad Black, a one-time friend. of 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. Contact Graham Brink at gbrink@tampabay.com. 15. transported to Winnipeg where it will become the centrepiece of a fashion museum. 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. Max Fisher, Michael Steinhardt, Leonard Abramson, Edgar Bronfman Sr., and Laurence Tisch were some of the members. Wanna follow Stephen Bronfman's net worth? ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. 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. 17. 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 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. Bronfman attended the state dinner that President Barack Obama held for Trudeau at the White House. Charles Bronfman, PC CC (born June 27, 1931) is a Canadian-American businessman and philanthropist[1] and is a member of the Canadian Jewish Bronfman family. (Ryan Remiorz/The Canadian Press via AP), Heres why Tampa Bay Rays attendance during the teams historic winning streak matters | Editorial, J.P. 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Claridge challenges its portfolio teams to excel and, through respectful and symbiotic relationships, we tend to complement our partners well. a net The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Bronfman is closer to that dream than ever. 10. We have a longer-term outlook than most investors. Stephen and Mitchell Goldhar: $608 million. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. , 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 4. Get notification with the latest net worth updates for free. As the Liberal Party's chief fundraiser, Bronfman helped get Canada's prime minister Justin Trudeau elected in 2015. 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. Above is the net worth, insider trading, and ownership report for Stephen R Bronfman. Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. the Director of SunOpta Inc and owns about 5,389,288 shares of SunOpta Inc (STKL) stock worth over $44 Million. He was educated at Selwyn House School in Montreal, Trinity College School in Port Hope, Ontario, and McGill University. 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. On average, Sunopta executives and independent directors trade stock every 22 days with the average trade being worth of $636,028. . It's actually a myth about how to make money on Facebook Stephen Bronfman (born in Montreal) is a Canadian businessperson. This investment adviser does not provide advice to individual investors. 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. His gain was one of the largest windfalls from stock options in Canadian history. The firm employs some 30 investment and administrative professionals. Rusty Staub was the team's best hitter. [2] Biography [ edit] Bronfman was born into a Jewish family in Montreal. Bronfman, whose father Charles was the original owner of the Expos, is part of a group spearheading effort to return baseball the city. His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. a net . 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. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. There could be tough times ahead. Her Lebanese immigrant father started out as a door-to-door clothing salesman. The former president of Moffat Communications and one-time co-owner of the Winnipeg Jets predicted in January that unless NHL players are willing to take a significant pay cut, no mid-size city will ever be able to afford a pro hockey team. 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. The Canadian Association of Family Enterprise and the Canadian Institute of Chartered Accountants named 149-year old Samuel, Son & Co. the Family Enterprise of the Year. The McCain family also forked over $5 million to the National Ballet School in July. As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. Please help to demonstrate the notability of the topic by citing, Learn how and when to remove these template messages, Learn how and when to remove this template message, "This block used to be for first-time homebuyers. In the early 1900s, much of the revenue at the family's hotels in Emerson, Manitoba and later in Winnipeg flowed from selling liquor. 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. His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest Products. On December 22, 2013, Edgar Bronfman Sr. died at age 84. It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million. brought 0 transactions in SunOpta Inc (STKL) over the past 5 years. Simple investment structures meet the unique needs of sellers. 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. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. Creating a legacy. Clare Bronfman has an estimated net worth of $600 million. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. Disclamer: Stephen Bronfman net worth displayed here are calculated based on a combination social factors. "I began to realize that the stuff done before me was pretty important and interesting," he told Forbes magazine. Creating a legacy. We seek to partner with and invest in high-quality businesses with strong and defensible market positions. Wanna follow Stephen Bronfman's net worth? Melnyk, who also owns the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S. and Canadian regulators. 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. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. 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. It's been a wild ride for the Calgary mining promoter who saw his personal net wealth skyrocket 250% in last year's Rich 100. "He's a business success in his own right," he said. "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. Under his leadership, the Bronfman family established itself as a pioneer of the Canadian industrial landscape and built a crown jewel of the emerging Canadian economy. 1 all the time, coddled and catered to like some members of the business elite. Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire. 14. Harrison McCain family: $1.48 billion. Property tycoon Paul Reichmann stepped down as CEO of family holding company Reichmann International in October, passing the torch to his son, Barry. We are also very active in co-investments with our private equity partners. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. Katz Group Canada Ltd. is planning on spending between $50 million and $100 million a year building and renovating stores. Management with skin in the game investing alongside us. Bronfman was named in the Paradise Papers in 2017. He made almost $247 million by selling 33 million fund units he received in the deal. Paul Bronfman: BCE's $3.38 Billion Astral Media Takeover is 'Bittersweet' The acquisition of the Canadian radio and TV giant, which operates HBO Canada, caps off a long and successful . The gurus listed in this website are not affiliated with GuruFocus.com, LLC. So far, they seem to be on the same wavelength about where the deal goes from here. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. 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. 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. About 285 guests attended the lavish ceremony. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. Other key executives at SunOpta Inc include 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. He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. The CEOWORLD magazine Quarterly Rich List 2020 has revealed Canada's wealthiest people. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. Tom Ford. 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. Combined, the seven companies won US$260 million worth of contracts. 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. 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. 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). 96. stock. It's not all in the family anymore. . 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. 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. Financial investments span North America, Europe, and Asia. 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. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. 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. Language links are at the top of the page across from the title. The most active insiders traders include Face Capital Inc.Boland Gre, Organics, L.P.Oaktree Fund , and Advisory Partners Lp Ardsle. 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 deal went sour and the Bronfman family fortune plunged from $6.5 billion to below $3 billion. 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. Schwartz's holding company, Onex, is awash with cash but he won't speculate on new acquisitions. In 1924, Samuel founded the Distillers Corporation in Montreal. 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. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion. Our governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. [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. We are a growth-oriented investor with experience across a variety of economic 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. In January, the family's investment firm bought floundering chartered aircraft company Starlink Aviation. Joyce made headlines in June when his Fox Harb'r resort in Nova Scotia was fined $180,000 for offshore blasting. 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. The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. Gurus may be added or dropped from the GuruFocus site at any time. Barbara Baerwald (19382021). He even enjoyed getting peppered with questions from reporters at a Wednesday news conference. A fan favorite, he's still referred to in Montreal as "Le Grand Orange" for the color of his hair. of 42,714 shares made by David Largey Or else I would marry a very rich wife. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. 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. 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. 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. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. ", 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. Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc., the parent company of Fido, for $1.4 billion. sale sale The future of Izzy's plan for a human-rights museum in Winnipeg is on the rocks because the federal government refuses to provide funding.
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