stephen bronfman net worth

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 . Majority or significant minority equity investments. Updated for 2018! The Expos came back to defeat the St. Louis Cardinals 8-7. Past performance is a poor indicator of future performance. At left is and Pierre Boivin. 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. 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. Edgar Bronfman Jr. is Edgar's son. The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. Follow @GrahamBrink. Bonita "Bonnie" Roche. 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. that could decrease the service price and reduce local competition. Mark Leonard and Family - $3.52 billion CAN ($2.8 billion US) Mark . He had some early successes and ascended to the top job in 1997. [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. 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. In March, Irving Oil Ltd. was the first Canadian company to be named North American Refiner of the Year by Texas-based Hart Energy Publishing, a major energy sector publisher. We are also very active in co-investments with our private equity partners. Based on ownership reports from SEC filings, as the reporting owner, Stephen R Bronfman owns 1 companies in total, including The family's trials and tribulations have kept them in the news. of 7,000 shares. 79. Bernard, Laurent and Alain Lemaire: $421 million. 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. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi Age: 91 Birthplace: Montreal, Canada With satellite radio growing by leaps and bounds in the United States, Slaight's Standard Broadcasting Corp. partnered with CBC/Radio Canada and Sirius Satellite Radio in February to bring the digital service to Canadians and convince the CRTC of its merits. The older son of billionaire Li Ka-shing blamed the unions. Stephen Bronfman Net Worth Stephen Bronfman Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. 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. 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. Chagnon had $100 million invested with the fund. Charles Bronfman. Clare Bronfman was born in Clifton . In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. But the deal collapsed, clearing the way for local businessman Francesco Aquilini to buy 50% of the Canucks in November. 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. Advertisement . 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. Stephen Bronfman Spouse: Claudine Blondin Bronfman, Stephen Bronfman Parents: Charles Bronfman, Barbara Baerwald Bronfman. Money poured in. [1] 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. The power couple continued to focus on work this year. sale ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. 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. 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. and Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire. In June, Paul sold his remaining 38 million shares in Canary Wharf, the grand-scale office and retail development in London that brought the Reichmanns unwanted attention by going into bankruptcy protection in 1992. 4. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. A unique mix of entrepreneurial thinking, deep financial expertise and integrity. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . 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 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. A Liberal fundraiser lured potential donors to the cocktail party by emailing them about the opportunity to "form relationships and open dialogues with . A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Stephen and Mitchell Goldhar: $608 million. Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. transported to Winnipeg where it will become the centrepiece of a fashion museum. Disclamer: Stephen Bronfman net worth displayed here are calculated based on a combination social factors. The McCain family also forked over $5 million to the National Ballet School in July. 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. We also invest in real estate, credit and special situations funds. We take governance seriously and adhere to the highest industry standards. The firm employs some 30 investment and administrative professionals. We are not only chosen for our capital, but also for the type of partnership and guidance we can offer. 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. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. But with shock jock Howard Stern in the mix, the group might be permanently off-air. Details can be seen in Stephen R Bronfman's Latest Holdings Summary section. He made almost $247 million by selling 33 million fund units he received in the deal. The Expos played their first home game on a Monday afternoon in April 1969. Premier Gordon Campbell's most generous patron in 2003. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. He'd seen his father come home from work everyday in a suit and tie and didn't think it was for him. [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 also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. You tell me how to do it, and I'll fund it." The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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 Combined, the seven companies won US$260 million worth of contracts. His personal net worth [he had set aside some personal living money before he handed over the reins to his son] was estimated to be several billion. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. Constantly moving ahead to not only do more, but also aspiring to always do better, the foundation is committed to live every day by its motto. Tom Ford. His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest Products. The estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. 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. Under the leadership of Charles and brother Edgar, it controlled billions of dollars in liquor, real estate, oil and gas, and chemical companies. We have the flexibility to pursue a range of investment structures as well as transaction types. 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 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. Stephen Bronfman net worth is $10 Million Stephen Bronfman Wiki: Salary, Married, Wedding, Spouse, Family . In September, Weston's supply of Wonder Bread became tenuous as its supplier, Interstate Bakeries Corp., filed for bankruptcy protection, blaming diet preferences, heavy debt and high costs. Rusty Staub was the team's best hitter. Well break down the latest business and consumer news and insights you need to know every Wednesday. Headquartered in Montreal, the company became the largest producer and distributor of distilled spirits in the world. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. 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. In 1998, Steven Spielberg spoke about his personal religious journey, and later the group discussed Jewish summer camps. 32. 83. , 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. Claridge challenges its portfolio teams to excel and, through respectful and symbiotic relationships, we tend to complement our partners well. The Finnish-born fashion magnate was ordered to pay over $1 million in legal costs racked up by his son's mother in a nasty child support battle. Katz Group Canada Ltd. is planning on spending between $50 million and $100 million a year building and renovating stores. Bronfman denied any wrongdoing, and the controversy appears to have blown over. Benjamin Bronfman. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. The leaked bank documents indicated that Bronfman and many others had used offshore tax havens to shelter money, which is often perfectly legal. As executive chairman he has overseen the firm's direct private equity portfolio invest, amongst others,[3] in: Cirque du Soleil, CPI, Dick Clark Productions, TSN, Solotech, The Next Adventure, 49TH Parallel, Champlain Seafood, Circle Foods, NYSE, Tour Telus, Bassins dy Havre, Eagle Creek, Busbud, Cloudify, Facebook, Gigaspaces, Luxury Retreats. Claridge has thrived through many economic cycles. 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. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. 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. SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. And having roots. 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. In 2006, Stephen's father's second wife died after a car hit her in New York City. They divorced in 2011, on amicable terms, celebrating their divorce with a lavish "divorce party. [3][4], Bronfman held various positions in the family's liquor empire, Seagram, from 1951 to 2000. He is best known for his $50-million contribution to UBC in 1998. Gururaj (Desh) Deshpande: $346 million. 56. 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. . 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. Bronfman was named in the Paradise Papers in 2017. He moved smoothly between English and French, in a city where that matters. brought He briefly worked in the marketing department of the Montreal Expos, then owned by his father. 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. Wanna follow Stephen Bronfman's net worth? Management with skin in the game investing alongside us. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. Heiress to the Seagram liquor fortune, Clare Bronfman was sentenced to six years and nine months in prison Sept. 30, 2020 for her role in the NXIVM sex cult scandal.She was originally charged for the crimes in April 2018, when she was released on a $100 million bond, thanks, in part, to Clare Bronfman's net worth.Her sentencing was more than the prosecutors had recommended. The chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price. 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. Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million. Bronfman has had some setbacks. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. 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. of 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. In a 2006 article, Forbes magazine put it this way: "If the Bronfmans are Canadian royalty, Stephen Bronfman is the prince you've never heard of.". Stock quotes provided by InterActive Data. He doesn't need to be No. In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. 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. Stephen Bronfman speaks to the media about the prospect of Major League Baseball returning to Montreal. Stephen Bronfman runs the investment firm founded by his father, Claridge. A track record of success in building companies across several sectors. Bronfman is adding to his family's wealth. The Libfelds, who operate Toronto's largest house and condo developers, might want to keep an eye on the condo market. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. 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. We understand the benefits and risks of financial leverage. Bad things come in threes: first Moody's Investor's Service announced on Nov. 12 that it was downgrading Bombardier debt to junk status, then its Class B shares hit a decade low of $2.53 on Nov. 15, and finally a Bombardier regional jet exploded and crashed into a Mongolian lake on Nov. 21, killing 54 people in China's deadliest aviation disaster since 2002. We have a longer-term outlook than most investors. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. 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. The North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. Selectively partnering with the best managers worldwide. . 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 one-million-square-foot building is worth approximately $250 million. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. Bronfman has described himself as an optimist. Making an impact. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. But so far, the US$2.3-billion acquisition has only managed to drag first-quarter earnings down by 29%. 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. Subscribe to our free Business by the Bay newsletter. 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's not all in the family anymore. 37. Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. His gain was one of the largest windfalls from stock options in Canadian history. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. sale You might contact Stephen R Bronfman via mailing address: C/o Claridge Inc, 1170 Peel Street, Montreal Canada H3b E6 00000. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $634,359. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family.

Why Do Babies Clap Their Feet, Will Zalatoris Putter Specs, Selma Jubilee Vendors, Articles S