stephen bronfman net worth

But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar could hurt profits. Creating a legacy. The family's trials and tribulations have kept them in the news. Claridge also has third-party managed investments in a variety of industries throughout the world. Active research and documentation that identifies and analyses challenges confronting communities. Or else I would marry a very rich wife. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. It generates maximum revenue from the Plant-Based Foods and Beverages segment. But the mystery buyers may not even need to . He denies wrongdoing, but was removed as chairman in late November over another questionable transaction. 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. Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. , Stephen Bronfman (born in Montreal) is a Canadian businessperson. The Cirque du Soleil ringmaster celebrated the 20th anniversary of his global empire this year in a refurbished Montreal airport hangar that reportedly featured an absinthe bar and hot tub. Our governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. Building together. 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 largest Canadian pharmaceutical company claims to have made the largest pharmaceutical investment in Canadian history: in November, Sherman's Apotex Inc. invested $627 million to open four new R&D and production facilities in the Toronto area and created 1,500 new scientific and engineering jobs. 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. Our executives have distinguished international track records with large and small organizations in diverse sectors. 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. other: See Footnote 1 Engaged Capital Special Situation Fund, Lp 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. "It was a family tragedy."[3][6]. Experienced, successful, and ambitious teams demonstrating deep industry insight. sale There could be tough times ahead. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. and Stephen Bronfman was a young boy when the Expos first arrived in Montreal. Our direct private equity portfolio spans food and restaurants, media and entertainment, real estate, and technology. Financial investments span North America, Europe, and Asia. The Libfelds, who operate Toronto's largest house and condo developers, might want to keep an eye on the condo market. 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. He also spoke out against bank mergers, saying they shouldn't be allowed unless the Canadian market is open to foreign competition. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. 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. It is one of 10 projects Sustainable Development Technology Canada is funding with a combined total of $20.2 million. Many people ask about the amount of money Stephen Bronfman makes from Instagram. York University bestowed an honorary doctorate on the media-shy founder of Teknion Corp., the office furniture company that first produced a tilting chair for under $100. Location Santa Monica, Calif. Price $29.4 million. transported to Winnipeg where it will become the centrepiece of a fashion museum. In 2006, Stephen's father's second wife died after a car hit her in New York City. 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. So far, they seem to be on the same wavelength about where the deal goes from here. Business must be hopping for Katz's private drugstore empire. 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. He kept a low profile this year. 0 transactions in SunOpta Inc (STKL) over the past 5 years. [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. More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. 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. About 285 guests attended the lavish ceremony. 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. Bronfman is one of its principal donors. On December 22, 2013, Edgar Bronfman Sr. died at age 84. 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. 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. 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. You tell me how to do it, and I'll fund it." Stephen Bronfman runs the investment firm founded by his father, Claridge. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. The company, which bought out package maker Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits. But watch out, Peter: the darling is already starting to slide. The project created 175 new jobs, consolidated 475 existing ones, paid for a new coated paper machine and modernized two other ones. 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. Details can be seen in Stephen R Bronfman's Latest Holdings Summary section. Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. Ben Bronfman net worth: Ben Bronfman is an American musician, activist, and entrepreneur who has a net worth of $100 million dollars. 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. James (J. K.), Arthur and John (Jack) Irving: $4.99 billion. 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. 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. This investment adviser does not provide advice to individual investors. 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. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. The most active insiders traders include Face Capital Inc.Boland Gre, Organics, L.P.Oaktree Fund , and Advisory Partners Lp Ardsle. Click or tap any entry for further details on their net worth, the companies they control, their overall asset mix and more. Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc., the parent company of Fido, for $1.4 billion. 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. [2], Bronfman was born into a Jewish family in Montreal. During the past 18 months, 2,284,800 shares of SunOpta Inc (STKL) were sold and 71,722 shares were bought by its insiders, resulting in a net [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. Larco Investments, owned by the Lalji family, is courting controversy in Vancouver as stores in its 240,000-square-foot development, dubbed Canada's first lifestyle centre, begin to open. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. 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. Claridges differentiating characteristics go far beyond the expected in the industry, and upon meeting our team, new partners quickly realize what makes us unique. We have a longer-term outlook than most investors. Buyer Jeremy Bronfman. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. 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 Under his leadership, the Bronfman family established itself as a pioneer of the Canadian industrial landscape and built a crown jewel of the emerging Canadian economy. 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. By CB Staff November 9, 2017 The Top 25 The Rich 100 Highest-Paid CEOs This is the complete Canadian Business ranking of the 100 wealthiest individuals and families in Canada. Selectively partnering with the best managers worldwide. De Gasp Beaubien family: $400 million. Stephen R Bronfman currently owns a total of 1 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. Follow @GrahamBrink. Brick employees shared more than $40 million in bonuses from the offering. Minto president Roger Greenberg denied any involvement. About Us Building together. Clare Bronfman was born in Clifton . 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 1990, he studied geology at Concordia University. 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. A former lieutenant-governor of Ontario with a family heritage in financial services and income trusts, he emerged this year as a fierce critic of fallen newspaper tycoon Conrad Black, a one-time friend. He is best known for his $50-million contribution to UBC in 1998. Who's in, who's out, who's hot, who's not. Robert (Bobby) Julien and Delia Moog: $960 million. In December 2021, The Washington Post reported that Bronfman funded a Cayman Islands trust that is among the investors in Pretium Partners which is behind Progress Residential, a firm that "reaps big profits from stressed American renters amid national affordability crisis. We understand the benefits and risks of financial leverage. Its leaders have soared in wealth and influence since the departure of the Bronfmans. Joseph and Ted Burnett: $1.08 billion. Bronfman has described himself as an optimist. The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. 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. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. Stephen R Bronfman made Bronfman said he's hopeful but realistic. a net GuruFocus.com is not operated by a broker or a dealer. [16] Bronfman is also responsible for The Charles Bronfman Prize,[17] honoring individuals for their humanitarian contributions. Our third-party managed funds include long only public equities, hedge and private equity funds. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., 1170 PEEL STREET, , , H3B4P2. We are a growth-oriented investor with experience across a variety of economic sectors. SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. Stephen R Bronfman Net Worth 2022 and insider trades. It has helped propel him through seven years of ups and downs on his quest to bring Major League Baseball back to Montreal. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. Geographically, it derives a majority of revenue from the United States. "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. This broad experience allows us to guide management teams through challenging decisions. They divorced in 2011, on amicable terms, celebrating their divorce with a lavish "divorce party. 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. Her Lebanese immigrant father started out as a door-to-door clothing salesman. 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. sale [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. . 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. Despite opposition to the $30-million expansion project, city council's hands are tied; the land is owned by the Squamish Nation, which approved of the centre. 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. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. 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. 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. Melnyk, who also owns the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S. and Canadian regulators. We are also very active in co-investments with our private equity partners. The real estate tycoon and chairman of Orlando Corp. sold off about $245 million of his company's industrial and office portfolio this year while continuing to collect rent from tenants in Orlando's sprawling 31-million-square-foot empire. 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. 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. celebrated the groundbreaking of the $18-million Rudy Bratty Centre Markham Family YMCA, set to open in a year. 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. 32. The payoff: the Koschitzky clan increased its net worth 32% since last year. We have the capability to underwrite larger transactions and we are willing to work with partners. 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. Bernard, Laurent and Alain Lemaire: $421 million. [3][4], Bronfman held various positions in the family's liquor empire, Seagram, from 1951 to 2000. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. 10 percent owner Bam Partners Trust Meanwhile, the board of Canadian Natural Resources Ltd. (in which he has large holdings) delayed a decision to approve its massive $10.6-billion Horizon oilsands project in order to take a closer look at cost overruns. . 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. 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. Engagement and empowerment of emerging talent that encourages the development of human potential and that recognizes and celebrates individual and collective ingenuity. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. sale Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. 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. The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. He doesn't need to be No. The grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. 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. 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. Pierre Karl and rik Pladeau: $480 million. 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. 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. a net According to the SEC Form 4 filings, Stephen R Bronfman has made a total of This fall, it announced it was selling $900 million worth of notes to partially fund the redemption of $1.2 billion worth of debt securities. Stephen R Bronfman is the director of SunOpta Inc. Tom and Caleb Chan, the famously private brothers and philanthropists, with extensive golf course and real estate holdings in the Vancouver-Whistler area, scored a major coup recently when it was announced the Telus Skins Game would be returning to their prestigious Nicklaus North course next year. He was gutted when his beloved Expos left for Washington, D.C. after the 2004 season. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. Over the past 18 months, 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. In 2010 he unsuccessfully tried to buy the Montreal Canadiens of the National Hockey League (NHL).[2]. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $634,359. 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. It was divided up by his seven children and wife. 96. 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. no insider transaction in SunOpta Inc (STKL). Edgar Bronfman Jr. is Edgar's son. He expects the cost of these Gandhi-like movies will average US$20 million each. 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. In the early 1900s, much of the revenue at the family's hotels in Emerson, Manitoba and later in Winnipeg flowed from selling liquor. He was majority owner of Major League Baseball's Montreal Expos from the team's formation in 1968 until 1991. 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. Bronfman's son, Stephen, runs Claridge,. The firm has invested in artist tours by the Rolling Stones, Madonna, and Crosby, Stills, Nash and Young. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. 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. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. 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. Bronfman said he is Canadian in his heart but sought his dual citizenship in order to vote in the United States. The company reported a 2.5% increase in annual net sales and also announced plans to open a $43.3-million french fry processing facility in northeast China. "He's definitely a big fish is a medium sized pond.". , Majority investments requiring approximately $15-$30 million of equity contribution. 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.
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