1 all the time, coddled and catered to like some members of the business elite. Bronfman has said that he wasn't interested in business as a young man. Under the leadership of Charles and brother Edgar, it controlled billions of dollars in liquor, real estate, oil and gas, and chemical companies. But so far, the US$2.3-billion acquisition has only managed to drag first-quarter earnings down by 29%. Kenneth Thomson and family: $22.03 billion. 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 most-recent trade in SunOpta Inc is the Still in his 20s, he bought two stores and started his own chain. 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. 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. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. In 1990, he studied geology at Concordia University. The Winnipeg-based Richardson clan, known for making its money in the grain industry, signalled a return to its roots in the financial services sector last summer when Richardson Financial Group Ltd. launched a $325-million private equity fund. The North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. Bronfman denied any wrongdoing, and the controversy appears to have blown over. 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 The proposed merger between Montreal brewing dynasty Molson Inc. and Colorado-based beer maker Adolph Coors Co. left a bitter aftertaste for some Molson shareholders, prompting some stock analysts to speculate the deal could fizzle out. [16] Bronfman is also responsible for The Charles Bronfman Prize,[17] honoring individuals for their humanitarian contributions. Clare Bronfman was born in Clifton . 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. Flatt, who became chief executive in 2002, has accumulated stock worth another US$2.5 billion. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. He's an anglophone married to a francophone raising four children in both languages. 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. We have the capability to underwrite larger transactions and we are willing to work with partners. Joseph and Ted Burnett: $1.08 billion. "I began to realize that the stuff done before me was pretty important and interesting," he told Forbes magazine. The founder of software vendor Cognos Inc. owns two vintage planes and a yacht. Schwartz's holding company, Onex, is awash with cash but he won't speculate on new acquisitions. Not having a predetermined fund life gives us the flexibility to make long-term decisions for the well-being of the company. The one-million-square-foot building is worth approximately $250 million. Terence (Terry) Matthews: $1.62 billion. 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.
Clare Bronfman Net Worth 2022: A Real Time Update on Wealthy Life! 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. In February, the owners of CanWest Global Communications the late Izzy Asper's wife, Ruth, and children Leonard, David and Gail formed a voting trust to exercise control over the multiple voting shares in the company. As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. Because she is the youngest daughter of a billionaire, she has had more exposure to the outside world.
The Other Bronfman - Forbes The project created 175 new jobs, consolidated 475 existing ones, paid for a new coated paper machine and modernized two other ones.
Charles Bronfman - Wikipedia The family-owned company now has sales of some $450 million a year and continues to expand. 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). On average, Sunopta executives and independent directors trade stock every 22 days with the average trade being worth of $636,028. 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. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. SVP Research Development & QA Bryan P Clark Follow @GrahamBrink. "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. In April, the CRTC admonished Aliant for selling local phone service in a bundled package in areas of Nova Scotia and P.E.I. 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. GuruFocus.com is not operated by a broker or a dealer. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. About 285 guests attended the lavish ceremony.
Claridge is a private investment firm We are also very active in co-investments with our private equity partners. There were reports of an arrangement with gangster Meyer Lansky and never proven rumors of a connection to Al Capone. He doesn't need to be No. [13] : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, ranked 100th with a net worth of C$875 million, while number 1 on the listthe Toronto-based Thomson family of Thomson Reuters had a net worth of C$39.13 billion. 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. 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.
He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. There could be tough times ahead. of 73,345 shares made by Robert Duchscher He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Our direct private equity portfolio spans food and restaurants, media and entertainment, real estate, and technology. In 1924, Samuel founded the Distillers Corporation in Montreal.
Clare Bronfman Net Worth The True, Sinister Origin of Bronfman Family Wealth 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. 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 acquisition makes Rogers the largest wireless carrier in Canada. 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.
Claridge, founded in 1987 by Stephen Bronfmans father Charles Bronfman, and its predecessor company, Cemp Investments Ltd., have been active private equity investors for over five decades. 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. SunOpta Inc (STKL) This investment adviser does not provide advice to individual investors. 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. Chagnon had $100 million invested with the fund. He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries.
Stephen Bronfman net worth and salary income estimation 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. It was a very good year for the Thomson Corp. Despite the early victory, the team was awful, losing 20 games in a row and eventually tying for the fewest wins in the league that season. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.
Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. 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. Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million. 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. The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. Making an impact. . Sharp kept rein over his lodging kingdom in May when 94% of shareholders voted down a motion to do away with the dual-share structure that gives him control over Four Seasons Hotel and Resorts Inc., even though he owns only 12% of the stock. The diamond prospector managed to avoid publicity for two years before the media discovered he had donated $30 million worth of shares in Archon Minerals Ltd. to the Sea to Sky University in Squamish, B.C., Canada's first private secular non-profit university. These types of businesses tend to have the following characteristics: We target mid-market companies in Canada and the United States. 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. 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. of 2,013,459 shares made by Engaged Capital Llc Stephen R Bronfman Net Worth What's Stephen Bronfman's mailing address?
Canada's Richest People: Charles Bronfman Benjamin Bronfman. Bronfman has had some setbacks. A track record of success in building companies across several sectors. 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. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. Headquartered in Montreal, the company became the largest producer and distributor of distilled spirits in the world. Principal owners of the Washington Nationals franchise, Montreal Alouettes/Concordes principal owners, Partnership for Excellence in Jewish Education. Comrie earned more than $270 million this year after converting his chain of more than 160 discount outlets into an income trust. The combined wealth of the top 46 [] 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. The family could make their product legally in Canada and then sell it to bootleggers trying to quench American's thirst for liquor during the prohibition era. Cockwell still serves on Brookfield's board, and holds shares worth about US$1.6 billion. But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar could hurt profits. 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 The firm employs some 30 investment and administrative professionals. Minority investments requiring approximately $5 million of equity contribution. Our executives have distinguished international track records with large and small organizations in diverse sectors. Bernard, Laurent and Alain Lemaire: $421 million. Experienced, successful, and ambitious teams demonstrating deep industry insight. Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. Language links are at the top of the page across from the title. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. that could decrease the service price and reduce local competition. He was educated at Selwyn House School in Montreal, Trinity College School in Port Hope, Ontario, and McGill University. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. 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. . James (J. K.), Arthur and John (Jack) Irving: $4.99 billion. 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. Compelling long-term industry fundamentals. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. Stephen Bronfman (born in Montreal) is a Canadian businessperson. Andrea and Charles Bronfman Philanthropies Inc. "The World's Billionaires: Charles Bronfman", "The Lunch: Charles Bronfman opens up about Seagram's demise: 'It is a disaster', "At age 90, Charles Bronfman reflects on business career, beloved Expos", "The making of Lunch with Charles Bronfman", "100 American Jewish Leaders Urge Netanyahu to Show Readiness to Make 'Painful Territorial Sacrifices', "Titans of Industry Join Forces To Work for Jewish Philanthropy", "The Andrea and Charles Bronfman Philanthropies", "The Andrea and Charles Bronfman Philanthropies:: Visual Timeline", "Charles Bronfman winds down his philanthropic foundation", "How foreign donors reshaped Israel: A who's who", "Charles Bronfman | The Canadian Encyclopedia", "Seagram co-chairman Charles Bronfman on running a family business", "The Montreal Gazette - Google News Archive Search", "Major League Soccer's Billionaire Owners", "Andrea M. Bronfman, 60, an Internationally Noted Philanthropist, Dies", "Andrea Morrison Bronfman; active in Jewish causes; 60", "THE HONOURABLE CHARLES ROSNER BRONFMAN, P.C., C.C. The Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. Stephen R Bronfman made He is the son of Samuel Bronfman and Saidye Rosner Bronfman. Gurus may be added or dropped from the GuruFocus site at any time. 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. Creating a legacy. sale Since its foundation in 1986,[15] the charity spent more than $340 million to about 1,820 organizations. 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. 4. Competitive advantages that provide the ability to withstand material changes in the economic environment. Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. Hedge funds are used to reduce volatility and risk in the portfolio while attempting to preserve capital and deliver positive returns under all market conditions. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Wanna follow Stephen Bronfman's net worth? 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. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. 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. The company's operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. Our sixth annual ranking of Canada's wealthiest people. [2], Bronfman was born into a Jewish family in Montreal. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. The Expos came back to defeat the St. Louis Cardinals 8-7. Stephen Bronfman was a young boy when the Expos first arrived in Montreal. The leaked bank documents indicated that Bronfman and many others had used offshore tax havens to shelter money, which is often perfectly legal. In 1990, he studied geology at Concordia University . 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. estimated net worth of Stephen R Bronfman, Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership, Engaged Capital Special Situation Fund, Lp. The early passion for the game still burns today, he says. Most of the Bronfman family have left Montreal. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. 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. It generates maximum revenue from the Plant-Based Foods and Beverages segment.
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