Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi KENDALL JE Come take a tour of Stephen Bronfman's family farmhouse in the 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. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use. 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. 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. Media wonder boy Pierre Karl assumed the helm at the printing division of his family's Montreal-based Quebecor Inc. And in a bid to increase its foothold in the English-language television market, Quebecor snapped up the ailing Toronto 1 station from Craig Media Inc. in November. [1] His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. Bronfman has had some setbacks. Stephen R Bronfman made 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 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. 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. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. [2] Bronfman was responsible for increased investment positions in the high-end organic food and beverage industry, mainly through the creation of the Claridge Food Group. 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. "He's definitely a big fish is a medium sized pond.". "[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 2006, Stephen's father's second wife died after a car hit her in New York City. The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. of 2,013,459 shares made by Engaged Capital Llc He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Alfredo (Fred) DeGasperis: $645 million. But the deal collapsed, clearing the way for local businessman Francesco Aquilini to buy 50% of the Canucks in November. Robert (Bobby) Julien and Delia Moog: $960 million. 1 all the time, coddled and catered to like some members of the business elite. Privately held commercial real estate firm Iberville Developments Ltd., run by Adams' son Sylvan, sold some of its shopping centres in Cornwall and Montreal to RioCan in May in a deal worth an estimated $100 million. The McCain family also forked over $5 million to the National Ballet School in July. 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. 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. . Other transactions such as conversion of derivative security or exercise of options are not included. PHOTOS BY VINCENZO D'ALTO. Our sixth annual ranking of Canada's wealthiest people. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Since 1986, he has served as chairman of The Andrea and Charles Bronfman Philanthropies, Inc.[3] He planned to close the foundation in 2016.[9]. Actively backing the entrepreneurial spirit with more than capital. Seagram Heiress Ellen Bronfman Buys $21.5 Million Malibu Mansion - DIRT In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. Get notification with the latest net worth updates for free. brought He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition. Location Santa Monica, Calif. Price $29.4 million. Hard-working and honest, our staff is entirely committed to growing your business in a way that is as enjoyable as it is profitable. On December 22, 2013, Edgar Bronfman Sr. died at age 84. 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. Stock quotes provided by InterActive Data. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion. Stephen R Bronfman Net Worth (2023) | wallmine The payoff: the Koschitzky clan increased its net worth 32% since last year. As the Liberal Party's chief fundraiser, Bronfman helped get Canada's prime minister Justin Trudeau elected in 2015. In January, the family's investment firm bought floundering chartered aircraft company Starlink Aviation. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. and 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. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. 32. We understand the benefits and risks of financial leverage. (Ryan Remiorz/The Canadian Press via AP), Heres why Tampa Bay Rays attendance during the teams historic winning streak matters | Editorial, J.P. Howell glad to see bad man Pete Fairbanks break his Rays record, Why well know a lot more about the Rays in a month, Its been an incredible run, but now future is uncertain for Lightning, Zach Bogosian steps up, helps to keep Lightning alive in NHL playoffs, 10 numbers that stand out from Rays remarkable first month, White Sox pay tribute to Rays radio broadcaster Dave Wills, Lightning are the unlucky victims as Maple Leafs end playoff drought, Um, Andrei Vasilevskiy would like to have a word about that slump of his, Rays lefty Josh Fleming finds his role as the bulk guy, Amazon partners with Rite Aid for package pickup nationwide. Simple investment structures meet the unique needs of sellers. 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. 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. He expects the cost of these Gandhi-like movies will average US$20 million each. Competitive advantages that provide the ability to withstand material changes in the economic environment. The "Mega Group" would meet twice a year for two days of seminars related to the topic of philanthropy and Jewishness. 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. 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. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. Bronfman has described himself as an optimist. The Vancouver-based family also continued to manage investments in real estate and pulp and paper through its privately owned conglomerate, Belkorp Industries Inc. Stroll was spotted vacationing with former Gucci designer Tom Ford on the Caribbean island of Mustique last December, prompting one local to speculate on the hatch of the next big fashion labelright here on this tiny island. But for now, Stroll will keep his day job as co-chairman of upscale New York fashion label Michael Kors. Enjoy a 7-Day Free Trial Thru May 09, 2023! It has helped propel him through seven years of ups and downs on his quest to bring Major League Baseball back to Montreal. Claridge has thrived through many economic cycles. Stephen Bronfman says he followed offshore tax rules as CRA reviews And a corporate landlord accused of pandemic evictions", https://en.wikipedia.org/w/index.php?title=Stephen_Bronfman&oldid=1142776911, Short description is different from Wikidata, BLP articles lacking sources from February 2019, Articles with topics of unclear notability from January 2020, All articles with topics of unclear notability, Biography articles with topics of unclear notability, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 March 2023, at 09:10. It was a very good year for the Thomson Corp. 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 R Bronfman Net Worth (2023) | wallmine A unique mix of entrepreneurial thinking, deep financial expertise and integrity. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. 14. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. History Community Involvement We also invest in real estate, credit and special situations funds. The acquisition makes Rogers the largest wireless carrier in Canada. Charles Bronfman - Wikipedia Bronfman family - Wikipedia The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In 2016 Bonfman closed the charity, which was planned over years. Ben Bronfman was born in New York, New York, and attended . His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest Products. 48. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. Stephen R Bronfman around $4 Million. On the heels of the success of Bensadoun's flagship Aldo shoe stores in the United States, Europe and Asia, the Montreal-based retailer announced plans to expand its cheaper Transit shoe banner internationally. 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. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. sale Cockwell still serves on Brookfield's board, and holds shares worth about US$1.6 billion. 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. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. Other recent insider transactions involving SunOpta Inc (STKL) include [3][4], Bronfman held various positions in the family's liquor empire, Seagram, from 1951 to 2000. 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. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. 96. Ben Bronfman Net Worth Although shares in Friedland's Ivanhoe Mines Ltd. have since returned to more earthly levels (dropping him 18 spots on the list), his Mongolian copper and gold project continues to churn out good news. 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. This broad experience allows us to guide management teams through challenging decisions. All Rights Reserved. Stephen Bronfman is big on family. Our portfolio teams are put together to reflect a unique mix of experience and entrepreneurial spirit, which has proven to be extremely efficient. Canada's Richest People: Charles Bronfman SunOpta Inc (STKL) 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. Stephen Bronfman Wiki, Biography, Age, Career, Relationship, Net Worth 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. Our executives have distinguished international track records with large and small organizations in diverse sectors. Rival firm Interfor was also in the running. The Expos played their first home game on a Monday afternoon in April 1969. Stephen Jarislowky - $2.26 billion CAN ($1.8 billion US) Stephen Jarislowsky fled Nazi Germany for the Netherlands, then France, before immigrating to the United States in the 1940s. 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? . 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. Stephen Bronfman net worth is $10 Million Stephen Bronfman Wiki: Salary, Married, Wedding, Spouse, Family . SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. sale In 1990, he studied geology at Concordia University . In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. Only the transactions in Open Market or Private Sale at the market prices are included. Updated for 2018! He also founded the CRB Foundation, which runs educational enrichment classes in outlying areas in collaboration with the Education Ministry in Israel. It's why he's so excited about the Rays deal. 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. Many people ask this question about the money Stephen Bronfman makes from Facebook. We are a growth-oriented investor with experience across a variety of economic sectors. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. of 7,000 shares. It was divided up by his seven children and wife. In 1999 he was named a director of Seagram, his family's conglomerate. 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. 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. 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. 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. Then global investors bought in", "Secret money. 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. 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. Joseph and Ted Burnett: $1.08 billion. Sirois is also behind Microcell and the Fido brand, which Rogers Wireless bought in November. Business must be hopping for Katz's private drugstore empire. a net Seagram Heir Buys $30 Million Santa Monica House - DIRT Combined, the seven companies won US$260 million worth of contracts. In the Maritime turf war between Bragg's three-year-old EastLink Telephone and BCE's Aliant Inc., EastLink won. About Us Building together. He attended Trudeau's wedding in 2005 and the Trudeaus have visited the Bronfmans' farmhouse near Mont Tremblant, Maclean's magazine reported. The early passion for the game still burns today, he says. Language links are at the top of the page across from the title. He was majority owner of Major League Baseball's Montreal Expos from the team's formation in 1968 until 1991. Or else I would marry a very rich wife. You tell me how to do it, and I'll fund it." [14] The chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price. 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. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Our governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. 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. Contact Graham Brink at gbrink@tampabay.com. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. , Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. It's actually a myth about how to make money on Facebook Stephen Bronfman (born in Montreal) is a Canadian businessperson. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. Married 1961. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. Minority investments requiring approximately $5 million of equity contribution. that could decrease the service price and reduce local competition. 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. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a chartered jet company. Clare Bronfman Net Worth Canadian Business 17. The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. of 73,345 shares made by Robert Duchscher In 2008, married Roche, an architect, in New York City. The one-million-square-foot building is worth approximately $250 million. sale A track record of success in building companies across several sectors. And having roots. SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. Continuous evaluation, both internally and externally, that further strengthens the foundations impact. Since 1999, the program has sent more than 700,000 young Jews from around the world on a 10-day free trip to Israel. 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. Members of the Bronfman Family | List of Bronfman Family Names 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. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., 1170 PEEL STREET, , , H3B4P2. But the mystery buyers may not even need to . [12], Bronfman is chairman of the Andrea and Charles Bronfman Philanthropies Inc.,[14] a family of charitable foundations operating in Israel, the U.S., and Canada. Lot Size 1.13 acres. Rusty Staub was the team's best hitter. 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. 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. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. Max Fisher, Michael Steinhardt, Leonard Abramson, Edgar Bronfman Sr., and Laurence Tisch were some of the members.
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