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 gurus listed in this website are not affiliated with GuruFocus.com, LLC. "That paper loss is among the largest sustained by a single family, ever," Fortune magazine. 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. The firm has invested in artist tours by the Rolling Stones, Madonna, and Crosby, Stills, Nash and Young. He is on a number of boards, including FPI Ltd., of which Clearwater is a major shareholder, owning 14.9%. , of 7,000 shares. (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. 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. The payoff: the Koschitzky clan increased its net worth 32% since last year. . A Liberal fundraiser lured potential donors to the cocktail party by emailing them about the opportunity to "form relationships and open dialogues with . Minority investments requiring approximately $5 million of equity contribution. In 1924, Samuel founded the Distillers Corporation in Montreal. 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. 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. 14. Language links are at the top of the page across from the title. 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. Edgar Bronfman Jr. is Edgar's son. The chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price. Disclamer: Stephen Bronfman net worth displayed here are calculated based on a combination social factors. podcast episodes, Brokers, Bagmen, & Moles podcast episodes, Connections with BCD Travel podcast episodes, Cyber Security & Cloud Podcast podcast episodes, Coinbase Institutional Market Call podcast episodes, South Side Rules: A Shameless Podcast podcast episodes. Stephen R Bronfman is the director of SunOpta Inc. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. 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. He's an anglophone married to a francophone raising four children in both languages. [14] Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management 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. Stephen Bronfman net worth is $10 Million Stephen Bronfman Wiki: Salary, Married, Wedding, Spouse, Family . Canadian Business the Director of SunOpta Inc and owns about 5,389,288 shares of SunOpta Inc (STKL) stock worth over $44 Million. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. 1 all the time, coddled and catered to like some members of the business elite. This investment adviser does not provide advice to individual investors. 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 feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. We seek to partner with and invest in high-quality businesses with strong and defensible market positions. S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . Scarlett Johansson. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. 15. More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. Gerald (Gerry) Schwartz and Heather Reisman: $758 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. [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. It was a very good year for the Thomson Corp. 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). 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. Bronfman denied any wrongdoing, and the controversy appears to have blown over. Elite Canadian families. 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. Then global investors bought in", "Secret money. Harrison McCain family: $1.48 billion. Other transactions such as conversion of derivative security or exercise of options are not included. The founder and former head of cable company Vidotron now heads up Canada's largest foundation, which helps children. 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? On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. 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. 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. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. But the mystery buyers may not even need to . Humility could be an asset as the two sides sort out how to share a baseball team. 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. 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. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. 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. His gain was one of the largest windfalls from stock options in Canadian history. The combined wealth of the top 46 [] Rays owner Stuart Sternberg has praised Bronfman, and vice versa. Enjoy a 7-Day Free Trial Thru May 09, 2023! Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. Our hedge portfolio is allocated across a spectrum of strategies with a focus on long/short equity funds, event-driven/distressed funds, and multi-strategy funds. 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. 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. He was the largest claimant of 86 investors who filed a lawsuit in February over US$570 million in losses by a U.S. hedge fund group. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. 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. Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. Clare Bronfman has an estimated net worth of $600 million. 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. Want more of our free, weekly newslettersinyourinbox? 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. He was educated at Selwyn House School in Montreal, Trinity College School in Port Hope, Ontario, and McGill University. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. From November 1997 until July 2002, Bronfman was the chairman of the board of Koor Industries Ltd.,[10] one of Israel's largest investment holding companies. That means weaker demand, greater supply and price declines, or buyer incentives in the future. 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 73,345 shares made by Robert Duchscher The project created 175 new jobs, consolidated 475 existing ones, paid for a new coated paper machine and modernized two other ones. He will stay on as executive chairman. . Like many baseball fans, he remembers how excited he was to attend games with his dad the buzz of the crowd, the joy of a big win, the way a loss could feel like the end of the world. 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 Winnipeg-based Richardson clan, known for making its money in the grain industry, signalled a return to its roots in the financial services sector last summer when Richardson Financial Group Ltd. launched a $325-million private equity fund. 82. Follow @GrahamBrink. He doesn't need to be No. We are a growth-oriented investor with experience across a variety of economic sectors. Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. [2] Biography [ edit] Bronfman was born into a Jewish family in Montreal. ", 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. Majority investments requiring approximately $15-$30 million of equity contribution. The award recognizes refiners with exemplary achievements in areas such as producing clean fuels and dedication to environmental performance. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. 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. 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. On average, Sunopta executives and independent directors trade stock every 22 days with the average trade being worth of $636,028. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. All Rights Reserved. The elder Bronfman sold his shares in the team in 1991. Because she is the youngest daughter of a billionaire, she has had more exposure to the outside world. Making an impact. The most-recent trade in SunOpta Inc is the sale Married 1961. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. 56. 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. [2], Bronfman was born into a Jewish family in Montreal. , The Expos came back to defeat the St. Louis Cardinals 8-7. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. He and his partners have identified a downtown site for a new outdoor stadium. The meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. and 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. 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. Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest furniture-store magnates. Stephen and Mitchell Goldhar: $608 million. Cliff, director and former president of family-owned construction conglomerate Ledcor Group of Cos., ramped up operations at his two vineyards in California's Napa Valley. Stephen Bronfman 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. Combined, the seven companies won US$260 million worth of contracts. In 1998, Steven Spielberg spoke about his personal religious journey, and later the group discussed Jewish summer camps. Language links are at the top of the page across from the title. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. We favour simple investment structures that meet the unique needs of sellers. 0 transactions in SunOpta Inc (STKL) over the past 5 years. [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.