Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. headquartered in Montreal, Quebec. The founder and former head of cable company Vidotron now heads up Canada's largest foundation, which helps children. In summary, during the past 3 months, insiders sold 7,000 shares of SunOpta Inc (STKL) in total and bought 0 shares, with a net 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. The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. 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. "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 Jill Barnett on 22 April 2023, trading 20,000 units of STKL stock currently worth $165,000. 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 We put in place strong boards formed with members that bring experience and sector knowledge to our partners. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. Then global investors bought in", "Secret money. It generates maximum revenue from the Plant-Based Foods and Beverages segment. 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. Paul Bronfman: BCE's $3.38 Billion Astral Media Takeover is Other recent insider transactions involving SunOpta Inc (STKL) include The family-owned company now has sales of some $450 million a year and continues to expand. 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. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. Inside Brookfield's empire, a complicated jigsaw of $500 billion in The diamond prospector managed to avoid publicity for two years before the media discovered he had donated $30 million worth of shares in Archon Minerals Ltd. to the Sea to Sky University in Squamish, B.C., Canada's first private secular non-profit university. brought 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. "It was a family tragedy."[3][6]. [8] In 1982, a day after the Montreal Alouettes of the Canadian Football League collapsed due to financial troubles, Bronfman bought their remains and used them to start a new franchise, the Montreal Concordes. The leaked bank documents indicated that Bronfman and many others had used offshore tax havens to shelter money, which is often perfectly legal. Creating a legacy. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. "He's a business success in his own right," he said. Over the last 22 years, insiders at Sunopta have traded over $83,836,324 worth of Sunopta stock and bought 13,994,932 units worth $88,266,116 He and his partners have identified a downtown site for a new outdoor stadium. It was a very good year for the Thomson Corp. Stephen Bronfman Net Worth Stephen Bronfman - Wikipedia "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. In 1924, Samuel founded the Distillers Corporation in Montreal. About Us Building together. Claridge also has third-party managed investments in a variety of industries throughout the world. About 285 guests attended the lavish ceremony. With plans to open a luxury bed and breakfast nearby, let's hope Poetry, his winery's limited-release US$89-a-bottle flagship Cabernet Sauvignon, is a big seller. He expects the cost of these Gandhi-like movies will average US$20 million each. Bonita "Bonnie" Roche. Montreal-based businessman Stephen Bronfman, son of billionaire Charles Bronfman, was among the individuals cited by news organizations in the latest leak of bank documents suggesting some global business leaders and politicians may be using offshore tax havens to shelter money. The Other Bronfman - Forbes Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. Charles Bronfman Net Worth: $2.54 billion ( 1.2% from 2017) Rich 100 rank: #39 Change in rank from 2017: 4 Major company holdings: Vivendi Location: New York & Palm Beach, Fla. Age: 86 Business must be hopping for Katz's private drugstore empire. 10 things: Get to know the Bronfman family's rich and storied history Opportunities to implement operational value creation initiatives. [14] There were reports of an arrangement with gangster Meyer Lansky and never proven rumors of a connection to Al Capone. Stephen Bronfman is big on family. Despite some tough times, the executive brothers of Quebec paper and cardboard maker Cascades Inc. stayed almost static on the list. ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. Stephen Bronfman's father, Charles, was the Expos first owner, giving the son a close-up view of the team during the early years. The most active insiders traders include Face Capital Inc.Boland Gre, Organics, L.P.Oaktree Fund , and Advisory Partners Lp Ardsle. In September, Weston's supply of Wonder Bread became tenuous as its supplier, Interstate Bakeries Corp., filed for bankruptcy protection, blaming diet preferences, heavy debt and high costs. 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. 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. Other key executives at SunOpta Inc include He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. London Drugs continues to expand, and opened a store in Manitoba in May. Over the last 21 years, insiders at Sunopta have traded over $83,836,324 worth of Sunopta stock and bought 13,994,932 units worth $88,266,116 . Charles Bronfman - Wikipedia 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. We are not involved in day-to-day operations of our portfolio companies, preferring to delegate responsibility to the management team. 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). 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. He also founded the CRB Foundation, which runs educational enrichment classes in outlying areas in collaboration with the Education Ministry in Israel. Justin Trudeau's chief fundraiser Stephen Bronfman linked to offshore 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. Bronfman has said that he wasn't interested in business as a young man. (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. Charles Bronfman. sale In September 2016, Stephen Bronfman helped host a $1,500-a-ticket fundraiser for Trudeau in Westmount, an English-speaking suburb of Montreal that is one of the wealthiest enclaves in Canada. Edgar Bronfman Jr. is Edgar's son. Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. So far, they seem to be on the same wavelength about where the deal goes from here. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. 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. 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. He had some early successes and ascended to the top job in 1997. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. Stephen Bronfman Net Worth Stephen Bronfman Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. Bronfman family - Wikipedia 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. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . 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. 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. But with shock jock Howard Stern in the mix, the group might be permanently off-air. About 285 guests attended the lavish ceremony. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. 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. His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest Products. Making an impact. Making an impact. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Claridge has thrived through many economic cycles. 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. Our sixth annual ranking of Canada's wealthiest people. Year 1925. Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. 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. The elder Bronfman sold his shares in the team in 1991. We evaluate each potential transaction based on its own merits. Focus on true value creation, not short term profits. You tell me how to do it, and I'll fund it." 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. 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. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. Edward (Ted) Rogers Jr.: $2.21 billion. Meanwhile, dissident cousin Ian (a former Molson deputy chairman) pondered a hostile bid with a rival investor group. 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 and a group of investors failed to keep the Expos in Montreal in the early 2000s. 303,475 shares on May 9, 2006, which On the downside, insolvent Stelco is one of its major customers and suppliers. Canada's Richest People: The Complete Top 100 Ranking - Canadian Business Bernard, Laurent and Alain Lemaire: $421 million. of 73,345 shares made by Robert Duchscher The payoff: the Koschitzky clan increased its net worth 32% since last year. 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. 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. Elite Canadian families. But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar could hurt profits. 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. Hard-working and honest, our staff is entirely committed to growing your business in a way that is as enjoyable as it is profitable. Stephen Bronfman says he followed offshore tax rules as CRA reviews 0 transactions in SunOpta Inc (STKL) over the past 5 years. 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. Once touted as Air Canada's saviour, Li pulled Trinity Time Investments Inc. out of a $650-million bailout investment in April. Stephen R Bronfman made . The one-million-square-foot building is worth approximately $250 million. Targeted networks and partnerships allow the foundation to build on the best practices that answer needs with concrete solutions and that broaden its reach. The project created 175 new jobs, consolidated 475 existing ones, paid for a new coated paper machine and modernized two other ones. ", 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. SunOpta Inc (STKL) The grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. 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. Fundamental company data provided by Morningstar, updated daily. He kept a low profile this year. 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. 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. Creating a legacy. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. Location Santa Monica, Calif. Price $29.4 million. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. The son of the king of the subdivision got into a fight with the tony Rosedale Golf Club in Toronto's secluded Hogg's Hollow, over a 900-square-foot balcony on his property. The Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. The deal went sour and the Bronfman family fortune plunged from $6.5 billion to below $3 billion. 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. PHOTOS BY VINCENZO D'ALTO. 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. Over the past 18 months, Stephen R Bronfman Net Worth (2023) | wallmine CA 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. Geographically, it derives a majority of revenue from the United States. This broad experience allows us to guide management teams through challenging decisions. 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. It's not all in the family anymore. "This is what I've been waiting for, and I hope it's what people in the city have been waiting for," he said on a TSN 690 talk radio program Wednesday. 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. stock. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. 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. 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. 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. Minimal risk of obsolescence and disintermediation. We report to one owner who plays an integral role in decision-making and works closely with the senior leadership team. He is the co-chairman of the McGill Institute for the Study of Canada. [5], Bronfman and his brother, Edgar, inherited the Seagram spirits empire in 1971 after the death of their father, Sam Bronfman. and Clare Bronfman is a well-known female American philanthropist and the founder of NXIVM, an American marketing firm founded in 1998. Follow @GrahamBrink. The family could make their product legally in Canada and then sell it to bootleggers trying to quench American's thirst for liquor during the prohibition era. Tom Ford. Insiders are limited to only officers and/or directors of the company. 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. "[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]. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million. Language links are at the top of the page across from the title. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. 37. 4. The firm has invested in artist tours by the Rolling Stones, Madonna, and Crosby, Stills, Nash and Young. Clare Bronfman has an estimated net worth of $600 million. It's why he's so excited about the Rays deal. Want more of our free, weekly newslettersinyourinbox? As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. "I had the best time because I believe in (this project)," he said on talk radio afterward. Bronfman is one of its principal donors.

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