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. Experienced, successful, and ambitious teams demonstrating deep industry insight. Subscribe to our free Business by the Bay newsletter. "[4] The scheme was described as an effort to profit from the 2008 housing crisis by "buy[ing] tens of thousands of foreclosed homes across the U.S. sunbelt and rent[ing] them to heavily-indebted Americans who cant get a mortgage."[5]. In the 2010 article "The Heiresses and the Cult", Vanity Fair detailed how Sara and Clare Bronfman had given up to $150 million to NXIVM, a group their father referred to as a cult. Advertisement . The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. Ben Bronfman Net Worth [14] The acquisition makes Rogers the largest wireless carrier in Canada. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. Bronfman was named in the Paradise Papers in 2017. 14. Stephen R Bronfman currently owns a total of 1 Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. Our flexible approach is well-suited to management teams and owners seeking a value-added and long-term partner. Benjamin Bronfman. But the deal collapsed, clearing the way for local businessman Francesco Aquilini to buy 50% of the Canucks in November. 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. . We aim to achieve diversification through investment strategy, sector, geography, fund manager, and vintage year. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. 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. 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. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. 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. Bronfman's firm teamed up with renowned concert promoter Michael Cohl to produce tours for the likes of Madonna and the Rolling Stones, and musicals including the award winning Spamalot. He is best known for his $50-million contribution to UBC in 1998. 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. 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 project created 175 new jobs, consolidated 475 existing ones, paid for a new coated paper machine and modernized two other ones. He and his partners have identified a downtown site for a new outdoor stadium. Stephen R Bronfman Net Worth (2023) | wallmine After selling his big-box electronics chain, Future Shop, to rival Best Buy in 2001, Khosrowshahi has focused on investments in the pharmaceutical, retail and real estate industries. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. 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. Enjoy a 7-Day Free Trial Thru May 09, 2023! But Cap. Making an impact. Financial investments span North America, Europe, and Asia. Seagram Heiress Ellen Bronfman Buys $21.5 Million Malibu Mansion - DIRT The former transportation tycoon and one-time owner of the CFL's Hamilton Tiger-Cats made philanthropic history in December 2003 when he donated $105 million to McMaster University's medical school the largest single cash gift to a Canadian institution. 37. Geographically, it derives a majority of revenue from the United States. [5], Bronfman and his brother, Edgar, inherited the Seagram spirits empire in 1971 after the death of their father, Sam Bronfman. "He's a business success in his own right," he said. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. 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. sale Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million. The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar company that develops and produces foam products for the automobile industry. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. . After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. 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. In 1990, he studied geology at Concordia University . 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. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. Stephen Bronfman Spouse: Claudine Blondin Bronfman, Stephen Bronfman Parents: Charles Bronfman, Barbara Baerwald Bronfman. You might contact Stephen R Bronfman via mailing address: C/o Claridge Inc, 1170 Peel Street, Montreal Canada H3b E6 00000. stock. 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. Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. We have the flexibility to pursue a range of investment structures as well as transaction types. of 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. 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. 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. Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. According to the SEC Form 4 filings, Stephen R Bronfman has made a total of There were reports of an arrangement with gangster Meyer Lansky and never proven rumors of a connection to Al Capone. , The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. Stock quotes provided by InterActive Data. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. Clare Bronfman was born in Clifton . 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. One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a chartered jet company. 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. Stephen Bronfman (born in Montreal) is a Canadian businessperson. Terence (Terry) Matthews: $1.62 billion. Focus on true value creation, not short term profits. 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. Opportunities to implement operational value creation initiatives. 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. Grant is more than $100 million richer this year, thanks to privately held Grant Forest Product's major holding, Ainsworth Lumber Co. Its superstar stock shot up 318% over a recent 12-month period. Humility could be an asset as the two sides sort out how to share a baseball team. Follow @GrahamBrink. Want more of our free, weekly newslettersinyourinbox? We also invest in real estate, credit and special situations funds. Charles Bronfman - Wikipedia 15. Claridge also has third-party managed investments in a variety of industries throughout the world. 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. . 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. But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar could hurt profits. 71. [2] Biography [ edit] Bronfman was born into a Jewish family in Montreal. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. 17. Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. 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. Stephen Bronfman Net Worth The True, Sinister Origin of Bronfman Family Wealth ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. We diversify our active direct investment practice through funds investments leveraging resources in different markets and industries, and invest globally with a select number of third-party managers allocating capital to different strategies and asset classes that offer superior risk-adjusted returns. Over the years, the team added more talent slugger Andre Dawson, catcher Gary Carter and speedster Tim Raines, who all ended up in the Hall of Fame. At left is and Pierre Boivin. A member of the Bronfman family, a prominent Quebec family, he is the son of billionaire Charles Bronfman and grandson of Samuel Bronfman and Saidye Rosner Bronfman. [3][4], Bronfman held various positions in the family's liquor empire, Seagram, from 1951 to 2000. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Since its foundation in 1986,[15] the charity spent more than $340 million to about 1,820 organizations. 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. 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. Who's in, who's out, who's hot, who's not. GuruFocus.com is not operated by a broker or a dealer. 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. [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. Paul Bronfman: BCE's $3.38 Billion Astral Media Takeover is This investment adviser does not provide advice to individual investors. Rival firm Interfor was also in the running. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. Well break down the latest business and consumer news and insights you need to know every Wednesday. Gurus may be added or dropped from the GuruFocus site at any time. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. Ben Bronfman was born in New York, New York, and attended . [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. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. Updated for 2018! "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. Her Lebanese immigrant father started out as a door-to-door clothing salesman. On average, Sunopta executives and independent directors trade stock every 22 days with the average trade being worth of $636,028. The 67 Richest Canadians in 2023 | Hardbacon 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. Engagement and empowerment of emerging talent that encourages the development of human potential and that recognizes and celebrates individual and collective ingenuity. Specs 8,085 square feet, 5 bedrooms, 7 bathrooms. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. brought Building together. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. In April, the CRTC admonished Aliant for selling local phone service in a bundled package in areas of Nova Scotia and P.E.I. SunOpta Inc (STKL) The company's operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. 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. In 1924, Samuel founded the Distillers Corporation in Montreal. 39. Details can be seen in Stephen R Bronfman's Latest Holdings Summary section. Cliff, director and former president of family-owned construction conglomerate Ledcor Group of Cos., ramped up operations at his two vineyards in California's Napa Valley. Actively backing the entrepreneurial spirit with more than capital. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. 83. There could be tough times ahead. In October, Kolter Property Co.'s Toronto office portfolio was sold to German investors for $492 million. Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire. Minority investments requiring approximately $5 million of equity contribution. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. Comrie earned more than $270 million this year after converting his chain of more than 160 discount outlets into an income trust. Stephen R Bronfman Net Worth (2023) | wallmine Workers were still shoveling snow and bolting in the seats as fans arrived, according to television news reports. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. A track record of success in building companies across several sectors. 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. Stephen Bronfman's father, Charles, was the Expos first owner, giving the son a close-up view of the team during the early years. Chagnon had $100 million invested with the fund. The Quebec telecom entrepreneur stepped down as chairman of Telesystem International Wireless Inc. in July. History Community Involvement 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? They divorced in 2011, on amicable terms, celebrating their divorce with a lavish "divorce party. And having roots. "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. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. Elite Canadian families. It was divided up by his seven children and wife. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. 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. 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. 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 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. 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. 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. . Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. Katz Group Canada Ltd. is planning on spending between $50 million and $100 million a year building and renovating stores. 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. He expects the cost of these Gandhi-like movies will average US$20 million each. He'd seen his father come home from work everyday in a suit and tie and didn't think it was for him. 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 North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest furniture-store magnates. The one-million-square-foot building is worth approximately $250 million. Melnyk, who also owns the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S. and Canadian regulators. With his name and family wealth (his father, Charles, is worth an estimated $2.8 billion), Bronfman could have opted for a far glitzier lodge on a famous river anywhere in the world. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. Stephen R Bronfman Net Worth (2023) | wallmine CA Based on ownership reports from SEC filings, as the reporting owner, Stephen R Bronfman owns 1 companies in total, including headquartered in Montreal, Quebec. 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. 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. 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. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. Money poured in. 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. The 82-year-old real estate mogul received an honorary doctor of architecture degree from Carleton University last November, complementing his four other honorary doctorates. Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. 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. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. Many people ask about the amount of money Stephen Bronfman makes from Instagram. Wanna follow Stephen Bronfman's net worth? In December 2021, The Washington Post reported that Bronfman funded a Cayman Islands trust that is among the investors in Pretium Partners which is behind Progress Residential, a firm that "reaps big profits from stressed American renters amid national affordability crisis. In 2010 he unsuccessfully tried to buy the Montreal Canadiens of the National Hockey League (NHL).[2]. 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.
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