stephen bronfman net worth

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. The McCain family also forked over $5 million to the National Ballet School in July. He moved smoothly between English and French, in a city where that matters. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. Photo by Andrew Vaughan / The Canadian Press Our portfolio companies leverage the relationships that the Bronfman family have built through generations of doing business. Making an impact. Making an impact. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. 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. There will be no preferential seating for the real estate mogul at Canucks hockey games, after all. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. 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 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. You tell me how to do it, and I'll fund it." ", "Honorary Degree Recipients | Board of Trustees | Brandeis University", "Honorary degree citation - CharlesBronfman", "JTS Commencement Recognized Graduating Class of 2017 with Address from Chancellor Arnold M. Eisen - Jewish Theological Seminary", "City of Montreal honours businessman, philanthropist Charles Bronfman - Montreal | Globalnews.ca", https://en.wikipedia.org/w/index.php?title=Charles_Bronfman&oldid=1149920578, Canadian people of Russian-Jewish descent, American people of Russian-Jewish descent, Naturalized citizens of the United States, Members of the King's Privy Council for Canada, Articles with dead external links from February 2023, Short description is different from Wikidata, Pages using infobox person with multiple parents, Pages using embedded infobox templates with the title parameter, Creative Commons Attribution-ShareAlike License 3.0. 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. We have a longer-term outlook than most investors. It's actually a myth about how to make money on Facebook Stephen Bronfman (born in Montreal) is a Canadian businessperson. He also had his family's first home in Canada a dilapidated coal shed in Deloraine, Man. 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. This broad experience allows us to guide management teams through challenging decisions. PHOTOS BY VINCENZO D'ALTO. Gururaj (Desh) Deshpande: $346 million. We are not only chosen for our capital, but also for the type of partnership and guidance we can offer. 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. 71. The proposed merger between Montreal brewing dynasty Molson Inc. and Colorado-based beer maker Adolph Coors Co. left a bitter aftertaste for some Molson shareholders, prompting some stock analysts to speculate the deal could fizzle out. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. The deal fell through. Rays owner Stuart Sternberg has praised Bronfman, and vice versa. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. Lot Size 1.13 acres. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. About Us Building together. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. About 285 guests attended the lavish ceremony. Here is a selection of our success stories. You might contact Stephen R Bronfman via mailing address: C/o Claridge Inc, 1170 Peel Street, Montreal Canada H3b E6 00000. The family-owned company now has sales of some $450 million a year and continues to expand. In 2008, married Roche, an architect, in New York City. As chairman, Risley remains involved in the day-to-day operations of Clearwater Seafoods LP, the processed-fish company he founded in 1976. of 2,213,078 shares. 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. Stephen Bronfman, 55, rarely speaks publicly about his family's early history and has largely steered clear of the recent controversies. Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc., the parent company of Fido, for $1.4 billion. Unlike institutional funds, we do not have multiple committees to reach a consensus to obtain required authorizations. Cockwell still serves on Brookfield's board, and holds shares worth about US$1.6 billion. 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. 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 Quebec telecom entrepreneur stepped down as chairman of Telesystem International Wireless Inc. in July. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. The payoff: the Koschitzky clan increased its net worth 32% since last year. The company's operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. Money poured in. 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. premier Glen Clark, Time Inc. CEO Ann Moore and Michael Korenberg, vice-chairman of the Jim Pattison Group. Selectively partnering with the best managers worldwide. 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 One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a chartered jet company. Charles Bronfman. 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. 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. He expects the cost of these Gandhi-like movies will average US$20 million each. Her Lebanese immigrant father started out as a door-to-door clothing salesman. Harrison McCain family: $1.48 billion. 1 all the time, coddled and catered to like some members of the business elite. 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. The combined wealth of the top 46 [] 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. Pierre Karl and rik Pladeau: $480 million. 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. 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. 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. [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. 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. 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. On average, Sunopta executives and independent directors trade stock every 22 days with the average trade being worth of $636,028. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. the Director of SunOpta Inc and owns about 5,389,288 shares of SunOpta Inc (STKL) stock worth over $44 Million. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. "Montreal is a city with four million people, but the Bronfmans don't get lost in the noise," Moore said. Melnyk, who also owns the Ottawa Senators, saw shares in his drug firm plummet amid ongoing investigations by U.S. and Canadian regulators. 83. Our focus is on large- and middle-market buyout and growth equity funds in North America, Europe and to a lesser extent in emerging markets. He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. 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. Stock quotes provided by InterActive Data. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. 0 transactions in SunOpta Inc (STKL) over the past 5 years. The future of Izzy's plan for a human-rights museum in Winnipeg is on the rocks because the federal government refuses to provide funding. The company also handed over $15 million to $20 million to rename Edmonton's hockey arena Rexall Place, and hopes the nickname the Drugstore catches on. We have the flexibility to pursue a range of investment structures as well as transaction types. The company almost went bankrupt in 2001 but, after a financial restructuring, emerged as one of Romania's top telecoms. 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. 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. 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 303,475 shares on May 9, 2006, which SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. Creating a legacy. 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. Scarlett Johansson. Stephen R Bronfman currently owns a total of 1 The chairman helped turn Mississauga, Ont.-based Woodbridge Group into a billion-dollar company that develops and produces foam products for the automobile industry. Married 1961. 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. 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. The North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. "I had the best time because I believe in (this project)," he said on talk radio afterward. Chagnon had $100 million invested with the fund. 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. Stephen Bronfman was a young boy when the Expos first arrived in Montreal. This investment adviser does not provide advice to individual investors. [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. , [20][21], Bronfman joined the Giving Pledge, an initiative of the Bill & Melinda Gates Foundation.[2][9]. Kolter, which is owned by Julien and his aunt, Delia, also owns residential properties in Toronto and Florida, and the PGA village in Florida's Port St. Lucie. Combined, the seven companies won US$260 million worth of contracts. Robert (Bobby) Julien and Delia Moog: $960 million. The founder of software vendor Cognos Inc. owns two vintage planes and a yacht. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. Other transactions such as conversion of derivative security or exercise of options are not included. 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. 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. But it looks like another bumpy year ahead: CEO Alain warned a strengthened Canadian dollar could hurt profits. The 77-year-old Montreal financier snatched up French publisher Groupe Moniteur in March through his Paris-based private equity firm, Sagard SAS, for US$335 million. 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. 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. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. Kenneth Thomson and family: $22.03 billion. The grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. Humility could be an asset as the two sides sort out how to share a baseball team. Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. Experienced, successful, and ambitious teams demonstrating deep industry insight. Stephen R Bronfman around $4 Million. 48. He even enjoyed getting peppered with questions from reporters at a Wednesday news conference. 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 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. 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. There were reports of an arrangement with gangster Meyer Lansky and never proven rumors of a connection to Al Capone. 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 The acquisition makes Rogers the largest wireless carrier in Canada. According to the SEC Form 4 filings, Stephen R Bronfman has made a total of The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. 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. The Canadian Association of Family Enterprise and the Canadian Institute of Chartered Accountants named 149-year old Samuel, Son & Co. the Family Enterprise of the Year. of 42,714 shares made by David Largey 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. This venture proved far less successful despite later rebranding the team as the Alouettes, the team folded prior to the start of the 1987 CFL season. He had some early successes and ascended to the top job in 1997. Minority investments requiring approximately $5 million of equity contribution. 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. GuruFocus.com is not operated by a broker or a dealer. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. Many people ask this question about the money Stephen Bronfman makes from Facebook. Despite some tough times, the executive brothers of Quebec paper and cardboard maker Cascades Inc. stayed almost static on the list. It has helped propel him through seven years of ups and downs on his quest to bring Major League Baseball back to Montreal. As the Liberal Party's chief fundraiser, Bronfman helped get Canada's prime minister Justin Trudeau elected in 2015. And having roots. 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. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi A track record of success in building companies across several sectors. Majority or significant minority equity investments. 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) . 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. [1] 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. "I began to realize that the stuff done before me was pretty important and interesting," he told Forbes magazine. of 2,013,459 shares made by Engaged Capital Llc Max Fisher, Michael Steinhardt, Leonard Abramson, Edgar Bronfman Sr., and Laurence Tisch were some of the members. 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. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. sale 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. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. Flatt, who became chief executive in 2002, has accumulated stock worth another US$2.5 billion. In June, Markham, Ont. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 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. He hopes the deal gets done, so that he can attend opening day with his 88-year-old father. We take governance seriously and adhere to the highest industry standards. Brick employees shared more than $40 million in bonuses from the offering. Since the departure of the Expos, he has been involved in initiatives aiming to bring Major League Baseball back to Montreal. The leaked bank documents indicated that Bronfman and many others had used offshore tax havens to shelter money, which is often perfectly legal. 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. "He's a business success in his own right," he said. It was a very good year for the Thomson Corp. Canadian Business It was out of that discussion that the Heritage Minutes were conceived, piloted, distributed through cinemas and broadcasters across the country, and then confirmed as a major contribution of the foundation which a few years later became Historica, recently merged with the Dominion Institute. A fan favorite, he's still referred to in Montreal as "Le Grand Orange" for the color of his hair. In 1998, Steven Spielberg spoke about his personal religious journey, and later the group discussed Jewish summer camps. Ben Bronfman was born in New York, New York, and attended . The most recent stock trade was executed by Mike Buick on 10 March 2023, trading 7,000 units of STKL stock currently worth $54,600. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. Location Santa Monica, Calif. Price $29.4 million. In September, it looked like Gaglardi's son, Tom, would be part of a successful $250-million bid for the Vancouver NHL team. 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 meaty merger expands the global company to $6 billion in sales and more than 23,000 employees. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto.

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