stephen bronfman net worth

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. "[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]. Well break down the latest business and consumer news and insights you need to know every Wednesday. In September, it looked like Gaglardi's son, Tom, would be part of a successful $250-million bid for the Vancouver NHL team. Our third-party managed funds include long only public equities, hedge and private equity funds. Combined, the seven companies won US$260 million worth of contracts. 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. PHOTOS BY VINCENZO D'ALTO. Bonita "Bonnie" Roche. Targeted networks and partnerships allow the foundation to build on the best practices that answer needs with concrete solutions and that broaden its reach. He has two older sisters, the art patron Baroness Aileen "Minda" Bronfman de Gunzberg, and architecture expert and developer Phyllis Lambert. Last October, a lavish compound set on what is frequently considered to be the best residential street in Santa Monica sold for $29.4 million. Because she is the youngest daughter of a billionaire, she has had more exposure to the outside world. 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. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. Many people ask this question about the money Stephen Bronfman makes from Facebook. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. 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. Bronfman was named in the Paradise Papers in 2017. With the October 2003 purchase of U.S.-based Circle K for $1.1 billion, Bouchard now controls North Americas fourth-largest c-store chain, with annual sales of $5.9 billion. Making an impact. 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. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. Broad investment mandate gives us the flexibility to pursue a range of investments types. 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. 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. Focus on true value creation, not short term profits. 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. Creating a legacy. Building together. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. 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 McCain family also forked over $5 million to the National Ballet School in July. Ben Bronfman net worth: Ben Bronfman is an American musician, activist, and entrepreneur who has a net worth of $100 million dollars. As a direct beneficiary of the fortune created from the Seagram empire during its 80 year period under Bronfman control, the family office multiplied the value of the Seagram cash flow by continually reinvesting in a myriad of ventures, ranging from chemical production to real estate. Investments that favour the environment, culture, education, entrepreneurship and Jewish life. Clare Bronfman has an estimated net worth of $600 million. 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. Wanna follow Stephen Bronfman's net worth? Claridge has been involved with some well-known brands including Cirque du Soleil, Dick Clark Productions, gluten-free food maker Glutino and SunOpta, the organic food company. His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. Stephen Bronfman is big on family. Bronfman denied any wrongdoing, and the controversy appears to have blown over. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. Above is the net worth, insider trading, and ownership report for Stephen R Bronfman. Management with skin in the game investing alongside us. 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. Bernard, Laurent and Alain Lemaire: $421 million. He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. 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. The Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. of 2,013,459 shares made by Engaged Capital Llc With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. brought The early passion for the game still burns today, he says. 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. In 2006, Stephen's father's second wife died after a car hit her in New York City. Her Lebanese immigrant father started out as a door-to-door clothing salesman. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Rival firm Interfor was also in the running. Comrie earned more than $270 million this year after converting his chain of more than 160 discount outlets into an income trust. Workers were still shoveling snow and bolting in the seats as fans arrived, according to television news reports. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. Humility could be an asset as the two sides sort out how to share a baseball team. Alfredo (Fred) DeGasperis: $645 million. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. In 2010 he unsuccessfully tried to buy the Montreal Canadiens of the National Hockey League (NHL).[2]. celebrated the groundbreaking of the $18-million Rudy Bratty Centre Markham Family YMCA, set to open in a year. 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. 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. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. 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. Stephen R Bronfman around $4 Million. During her trial in New York Bronfman spoke in an English accent, although she left the UK in her mid-teens to reunite with her father, Edgar Bronfman Sr, who had a net worth of $2.5bn before he . It generates maximum revenue from the Plant-Based Foods and Beverages segment. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. Some millionaires would like to live forever. 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. 1 all the time, coddled and catered to like some members of the business elite. [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. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. Still in his 20s, he bought two stores and started his own chain. 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. Details can be seen in Stephen R Bronfman's Latest Holdings Summary section. SVP Research Development & QA Bryan P Clark Continuous evaluation, both internally and externally, that further strengthens the foundations impact. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. The real estate family made a killing on the merger of Canadian Apartment Properties Real Estate Investment Trust and Residential Equities Real Estate Investment Trust (ResREIT) in June. Rusty Staub was the team's best hitter. The family went on to run the Seagram Company, with brands like VO, Crown Royal and Chivas Regal. But with shock jock Howard Stern in the mix, the group might be permanently off-air. [2] Biography [ edit] Bronfman was born into a Jewish family in Montreal. The deal fell through. Our direct private equity portfolio spans food and restaurants, media and entertainment, real estate, and technology. Past performance is a poor indicator of future performance. Stephen Bronfman Spouse: Claudine Blondin Bronfman, Stephen Bronfman Parents: Charles Bronfman, Barbara Baerwald Bronfman. The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. Business must be hopping for Katz's private drugstore empire. 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. He also founded the CRB Foundation, which runs educational enrichment classes in outlying areas in collaboration with the Education Ministry in Israel. We favour simple investment structures that meet the unique needs of sellers. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. 82. Edgar Bronfman Jr. is Edgar's son. Money poured in. The former eBay president founded Los Angeles-based Participant Productions in January, and he wants to fund four to six socially relevant, commercially viable feature films annually. 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. Claridge has thrived through many economic cycles. Our portfolio teams are put together to reflect a unique mix of experience and entrepreneurial spirit, which has proven to be extremely efficient. 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. stock. 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. We seek to partner with and invest in high-quality businesses with strong and defensible market positions. 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 grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. The power couple continued to focus on work this year. 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. Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. It has helped propel him through seven years of ups and downs on his quest to bring Major League Baseball back to Montreal. , In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. He expects the cost of these Gandhi-like movies will average US$20 million each. The CEOWORLD magazine Quarterly Rich List 2020 has revealed Canada's wealthiest people. Majority or significant minority equity investments. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. It was a very good year for the Thomson Corp. A track record of success in building companies across several sectors. Cockwell still serves on Brookfield's board, and holds shares worth about US$1.6 billion. He landed at Claridge, the boutique investment firm started by his father a few years earlier. . [7] The sale was completed .mw-parser-output .frac{white-space:nowrap}.mw-parser-output .frac .num,.mw-parser-output .frac .den{font-size:80%;line-height:0;vertical-align:super}.mw-parser-output .frac .den{vertical-align:sub}.mw-parser-output .sr-only{border:0;clip:rect(0,0,0,0);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px}6+12 months later on June 14, 1991. 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. 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.". Minimal risk of obsolescence and disintermediation. The project created 175 new jobs, consolidated 475 existing ones, paid for a new coated paper machine and modernized two other ones. 96. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. 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. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. Joseph and Ted Burnett: $1.08 billion. 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. Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. He denies wrongdoing, but was removed as chairman in late November over another questionable transaction. 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. Principal owners of the Washington Nationals franchise, Montreal Alouettes/Concordes principal owners, Partnership for Excellence in Jewish Education. In 1990, he studied geology at Concordia University. We prefer control, but also invest in significant minority situations where we have strong influence over the companys destiny. Other transactions such as conversion of derivative security or exercise of options are not included. About 285 guests attended the lavish ceremony. Chagnon had $100 million invested with the fund. Edward (Ted) Rogers Jr.: $2.21 billion. Premier Gordon Campbell's most generous patron in 2003. of 2,213,078 shares. Property tycoon Paul Reichmann stepped down as CEO of family holding company Reichmann International in October, passing the torch to his son, Barry. 15. no insider transaction in SunOpta Inc (STKL). He is best known for his $50-million contribution to UBC in 1998. [13] The "Mega Group", went on to inspire a number of philanthropic initiatives such as the Partnership for Excellence in Jewish Education, Birthright Israel, and the upgrading of national Hillel. On the downside, insolvent Stelco is one of its major customers and suppliers. About 285 guests attended the lavish ceremony. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. Since our first investment in a private equity fund in 1998, we have invested in over 80 private equity and real estate funds and a dozen co-investments. 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. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. Gururaj (Desh) Deshpande: $346 million. 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. 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. 10 percent owner Bam Partners Trust premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. 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. Follow @GrahamBrink. The payoff: the Koschitzky clan increased its net worth 32% since last year. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. Majority investments requiring approximately $15-$30 million of equity contribution. He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. [20][21], Bronfman joined the Giving Pledge, an initiative of the Bill & Melinda Gates Foundation.[2][9]. After the game, Stephen's father "had to struggle through a back-slapping crowd to reach his car," the Montreal Gazette reported. 4. sale 83. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest Products. 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. He and his partners have identified a downtown site for a new outdoor stadium. 17. We have the flexibility to pursue a range of investment structures as well as transaction types.
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