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. Claridge challenges its portfolio teams to excel and, through respectful and symbiotic relationships, we tend to complement our partners well. This investment adviser does not provide advice to individual investors. 56. He attended Trudeau's wedding in 2005 and the Trudeaus have visited the Bronfmans' farmhouse near Mont Tremblant, Maclean's magazine reported. About Us Building together. In 1998, Steven Spielberg spoke about his personal religious journey, and later the group discussed Jewish summer camps. Most of the Bronfman family have left Montreal. 15. 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. They divorced in 2011, on amicable terms, celebrating their divorce with a lavish "divorce party. 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. Follow @GrahamBrink. 39. Stephen Bronfman net worth is $10 Million Stephen Bronfman Wiki: Salary, Married, Wedding, Spouse, Family . With an estimated net worth of $2 billion (as of 2013), Bronfman was ranked by Forbes as the 14th wealthiest Canadian and 736th in the world. ", "Honorary Degree Recipients | Board of Trustees | Brandeis University", "Honorary degree citation - CharlesBronfman", "JTS Commencement Recognized Graduating Class of 2017 with Address from Chancellor Arnold M. Eisen - Jewish Theological Seminary", "City of Montreal honours businessman, philanthropist Charles Bronfman - Montreal | Globalnews.ca", https://en.wikipedia.org/w/index.php?title=Charles_Bronfman&oldid=1149920578, Canadian people of Russian-Jewish descent, American people of Russian-Jewish descent, Naturalized citizens of the United States, Members of the King's Privy Council for Canada, Articles with dead external links from February 2023, Short description is different from Wikidata, Pages using infobox person with multiple parents, Pages using embedded infobox templates with the title parameter, Creative Commons Attribution-ShareAlike License 3.0. Clare Bronfman has an estimated net worth of $600 million. 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. This broad experience allows us to guide management teams through challenging decisions. Financial investments span North America, Europe, and Asia. Who's in, who's out, who's hot, who's not. He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. 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. Sycamore Networks Inc., founded by Deshpande in 1998, was one of seven companies to win a contract from the U.S. Defense Department in January as part of a US$850-million plan to turn its communications system into a worldwide high-speed network. Tom Ford. Lot Size 1.13 acres. He denies wrongdoing, but was removed as chairman in late November over another questionable transaction. The family's trials and tribulations have kept them in the news. , You might contact Stephen R Bronfman via mailing address: C/o Claridge Inc, 1170 Peel Street, Montreal Canada H3b E6 00000. Making an impact. He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition. 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. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. Bronfman said he's hopeful but realistic. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. History Community Involvement 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. He landed at Claridge, the boutique investment firm started by his father a few years earlier. Rays owner Stuart Sternberg has praised Bronfman, and vice versa. Majority or significant minority equity investments. [5], Bronfman and his brother, Edgar, inherited the Seagram spirits empire in 1971 after the death of their father, Sam Bronfman. The respected Toronto developer got some unfortunate attention in December 2003 when one of his buildings, the landmark Uptown Theatre in downtown Toronto, collapsed during demolition, killing one person and injuring 14 others. Combined, the seven companies won US$260 million worth of contracts. About 285 guests attended the lavish ceremony. Harrison McCain family: $1.48 billion. 48. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $634,359. From humble beginnings as a Russian immigrant at the end of the nineteenth century, the family patriarch Samuel Bronfman began to build what would become the largest distiller in North America. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. 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. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. 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. 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. sale The early passion for the game still burns today, he says. 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. In 2010 he unsuccessfully tried to buy the Montreal Canadiens of the National Hockey League (NHL).[2]. Headquartered in Montreal, the company became the largest producer and distributor of distilled spirits in the world. Bronfman is one of its principal donors. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. De Gasp Beaubien family: $400 million. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. Stock quotes provided by InterActive Data. Chagnon had $100 million invested with the fund. 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. Stephen Bronfman (born in Montreal) is a Canadian businessperson. A track record of success in building companies across several sectors. The Goldhar brothers sold nearly three dozen of their First Pro shopping centres to Calloway Real Estate Investment Trust this year, and their company was the landlord of choice for big-box chain Wal-Mart Canada Corp. That's good news for Mitchell, who also has part ownership of the trust. Stephen R Bronfman currently owns a total of 1 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. 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. Joseph and Ted Burnett: $1.08 billion. Money poured in. In 2006, Stephen's father's second wife died after a car hit her in New York City. According to the SEC Form 4 filings, Stephen R Bronfman has made a total of In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. sale Letsgetstarted. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management Pattison and his guests had a scare this September when they were evacuated from his 150-foot luxury yacht after a fire broke out in the engine room. He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. 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 We also invest in real estate, credit and special situations funds. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. Under the leadership of Charles and brother Edgar, it controlled billions of dollars in liquor, real estate, oil and gas, and chemical companies. 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. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. We put in place strong boards formed with members that bring experience and sector knowledge to our partners. 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. Our direct private equity portfolio spans food and restaurants, media and entertainment, real estate, and technology. a net no insider transaction in SunOpta Inc (STKL). Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. At left is and Pierre Boivin. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . Stephen Bronfman net worth 2.2 Million Millions of dollars 84% Net worth score Disclamer: Stephen Bronfman net worth displayed here are calculated based on a combination social factors. 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. Canadian Business The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. In the Maritime turf war between Bragg's three-year-old EastLink Telephone and BCE's Aliant Inc., EastLink won. transported to Winnipeg where it will become the centrepiece of a fashion museum. But the mystery buyers may not even need to . 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. , Edward (Ted) Rogers Jr.: $2.21 billion. Fundamental company data provided by Morningstar, updated daily. 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. 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. 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. A Liberal fundraiser lured potential donors to the cocktail party by emailing them about the opportunity to "form relationships and open dialogues with . Stuart Belkin saw sweet profits this year from his family's stake in the Rogers Sugar Income Fund. Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. . Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. 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. Ben Bronfman was born in New York, New York, and attended . S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . The McCain family also forked over $5 million to the National Ballet School in July. Language links are at the top of the page across from the title. Bronfman is closer to that dream than ever. As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. 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. 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. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. Wanna follow Stephen Bronfman's net worth? 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. 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. 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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 family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. 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. 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. The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar company that develops and produces foam products for the automobile industry. [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. Or else I would marry a very rich wife. 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. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. Want more of our free, weekly newslettersinyourinbox? Our executives have distinguished international track records with large and small organizations in diverse sectors. Age: 91 Birthplace: Montreal, Canada Harrison McCain, the New Brunswick farm boy who helped turn McCain Foods Ltd. into one of the world's largest frozen food companies, died in a Boston hospital in March, at the age of 76. Pierre Karl and rik Pladeau: $480 million. The grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. 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. Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. 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.
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