But the mystery buyers may not even need to . 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? Stephen Bronfman net worth is $10 Million Stephen Bronfman Wiki: Salary, Married, Wedding, Spouse, Family . 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. He is best known for his $50-million contribution to UBC in 1998. a net Sunopta executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. Simple investment structures meet the unique needs of sellers. 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.". Melnyk, who also owns the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S. and Canadian regulators. Bronfman, whose father Charles was the original owner of the Expos, is part of a group spearheading effort to return baseball the city. 1 all the time, coddled and catered to like some members of the business elite. More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. About Us Building together. In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest furniture-store magnates. 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. 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. Other recent insider transactions involving SunOpta Inc (STKL) include The CEO of embattled pharma giant Biovail Corp. stepped down in October (he remains chairman) after handing over the reins to industry veteran Doug Squires. Stephen R Bronfman is Claridge challenges its portfolio teams to excel and, through respectful and symbiotic relationships, we tend to complement our partners well. Headquartered in Montreal, the company became the largest producer and distributor of distilled spirits in the world. [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. . 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. The soaring price of crude helped push the Calgary financier and oilpatch magnate's personal net worth up more than 50% from last year. In April 2013, Bronfman was one of 100 prominent American Jews who sent a letter to Israeli Prime Minister Benjamin Netanyahu urging him to "work closely" with Secretary of State John Kerry "to devise pragmatic initiatives, consistent with Israel's security needs, which would represent Israel's readiness to make painful territorial sacrifices for the sake of peace. It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million. In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. of 2,013,459 shares made by Engaged Capital Llc We can be a significant minority partner and although we prefer to invest at the equity level, we have the ability to invest throughout the capital structure of the company (mezzanine debt and equity). Robert (Bobby) Julien and Delia Moog: $960 million. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. 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. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. In June, Markham, Ont. He attended Trudeau's wedding in 2005 and the Trudeaus have visited the Bronfmans' farmhouse near Mont Tremblant, Maclean's magazine reported. Elite Canadian families. Some millionaires would like to live forever. We favour simple investment structures that meet the unique needs of sellers. 0 transactions in SunOpta Inc (STKL) over the past 5 years. About 285 guests attended the lavish ceremony. But the deal collapsed, clearing the way for local businessman Francesco Aquilini to buy 50% of the Canucks in November. Not having a predetermined fund life gives us the flexibility to make long-term decisions for the well-being of the company. Fundamental company data provided by Morningstar, updated daily. Stephen Bronfman runs the investment firm founded by his father, Claridge. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. In 1998, Steven Spielberg spoke about his personal religious journey, and later the group discussed Jewish summer camps. 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. Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. 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. We understand the benefits and risks of financial leverage. Stephen Bronfman (born in Montreal) is a Canadian businessperson. After the game, Stephen's father "had to struggle through a back-slapping crowd to reach his car," the Montreal Gazette reported. stock. Bronfman said he is Canadian in his heart but sought his dual citizenship in order to vote in the United States. 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. 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. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. In April, the CRTC admonished Aliant for selling local phone service in a bundled package in areas of Nova Scotia and P.E.I. "I began to realize that the stuff done before me was pretty important and interesting," he told Forbes magazine. 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. We also invest in real estate, credit and special situations funds. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. He expects the cost of these Gandhi-like movies will average US$20 million each. SVP Research Development & QA Bryan P Clark 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. The Expos came back to defeat the St. Louis Cardinals 8-7. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. Bronfman denied any wrongdoing, and the controversy appears to have blown over. 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 Stephen Bronfman Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. Now comes the hard work of crunching the numbers to see if the idea makes financial sense, and convincing the city, the province of Quebec and the residents that it's worth the risk. "He's a business success in his own right," he said. sale Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. Charles Bronfman, (born June 27, 1931) is a Canadian-American businessman and philanthropist and is a member of the Canadian Jewish Bronfman family. of 7,000 shares. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. He even enjoyed getting peppered with questions from reporters at a Wednesday news conference. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. 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. Under the leadership of Charles and brother Edgar, it controlled billions of dollars in liquor, real estate, oil and gas, and chemical companies. Stephen Bronfman, 55, rarely speaks publicly about his family's early history and has largely steered clear of the recent controversies. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. That means weaker demand, greater supply and price declines, or buyer incentives in the future. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. 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. He moved smoothly between English and French, in a city where that matters. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. 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. ", 1990: Doctorate of Laws, Honoris Causa received from, 1992: Promoted to Companion of the Order of Canada, 1992: Doctorate of Humane Letters, Honoris Causa from, 1992: Doctorate of Laws, Honoris Causa from, 1995: Doctorate of Laws, Honoris Causa from the, 2000: Doctorate of Laws, Honoris Causa from the, 2002: Bronfman, along with his wife Andrea, were awarded, 2017: Doctor of Hebrew Letters, Honoris Causa from the, 2019: Honorary citizen, invited by the City of Montreal to sign the city's book of honour, This page was last edited on 15 April 2023, at 08:02. headquartered in Montreal, Quebec. 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. 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. Get notification with the latest net worth updates for free. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. With an estimated net worth of $39.5 billion, David Thomson, chairman of media and publishing group Thomson Reuters Corp., is the wealthiest person in Canada, that's according to CEOWORLD magazine's Canada Rich List Index For 2020. Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. 96. Our sixth annual ranking of Canada's wealthiest people. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. Investments that favour the environment, culture, education, entrepreneurship and Jewish life. [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. We aim to achieve diversification through investment strategy, sector, geography, fund manager, and vintage year. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. He has two older sisters, the art patron Baroness Aileen "Minda" Bronfman de Gunzberg, and architecture expert and developer Phyllis Lambert. The deal went sour and the Bronfman family fortune plunged from $6.5 billion to below $3 billion. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. Business must be hopping for Katz's private drugstore empire. Claridge also has third-party managed investments in a variety of industries throughout the world. The firm employs some 30 investment and administrative professionals. He doesn't need to be No. Wanna follow Stephen Bronfman's net worth? Our governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. We are a growth-oriented investor with experience across a variety of economic sectors. and Chagnon had $100 million invested with the fund. Larry Parrish blasted 30 home runs for the exciting 1979 Expos, and pitcher Steve Rogers won 19 games with a 2.40 earned run average in 1982, good enough to garner the second most votes for the Cy Young Award, given to the league's best pitcher each year. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. In October, he was advised by the RCMP that his company, Royal Group Technologies, was part of an investigation into allegations it deceived or defrauded shareholders regarding money transferred to a luxury Caribbean resort controlled by De Zen. 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. We have the flexibility to pursue a range of investment structures as well as transaction types. But Cap. sale A fan favorite, he's still referred to in Montreal as "Le Grand Orange" for the color of his hair. other: See Footnote 1 Engaged Capital Special Situation Fund, Lp 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. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi sale 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. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. GuruFocus.com is not operated by a broker or a dealer. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. "It was a family tragedy."[3][6]. 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. He is the co-chairman of the McGill Institute for the Study of Canada. In 1999 he was named a director of Seagram, his family's conglomerate. Edward (Ted) Rogers Jr.: $2.21 billion. 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. The family-owned company now has sales of some $450 million a year and continues to expand. We are also very active in co-investments with our private equity partners. Past performance is a poor indicator of future performance. Well break down the latest business and consumer news and insights you need to know every Wednesday. Bronfman was also well known for his forays into professional sports. The estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. sale He and a group of investors failed to keep the Expos in Montreal in the early 2000s. Based on ownership reports from SEC filings, as the reporting owner, Stephen R Bronfman owns 1 companies in total, including 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 currently owns a total of 1 The Expos played their first home game on a Monday afternoon in April 1969. Marcoux said Transcontinental will retain its dual-class share structure, which gives his family 62% of the votes with only 15% of the equity in the $2-billion company. Engagement and empowerment of emerging talent that encourages the development of human potential and that recognizes and celebrates individual and collective ingenuity. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. The high-profile guests included former B.C. 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. [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. Hard-working and honest, our staff is entirely committed to growing your business in a way that is as enjoyable as it is profitable. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. Canadian Business In 2008, married Roche, an architect, in New York City. Disclamer: Stephen Bronfman net worth displayed here are calculated based on a combination social factors. 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. 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. Joyce made headlines in June when his Fox Harb'r resort in Nova Scotia was fined $180,000 for offshore blasting. PHOTOS BY VINCENZO D'ALTO. 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.
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