You tell me how to do it, and I'll fund it." Specs 8,085 square feet, 5 bedrooms, 7 bathrooms. He landed at Claridge, the boutique investment firm started by his father a few years earlier. [3][4], Bronfman held various positions in the family's liquor empire, Seagram, from 1951 to 2000. Competitive advantages that provide the ability to withstand material changes in the economic environment. of These types of businesses tend to have the following characteristics: We target mid-market companies in Canada and the United States. 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. [5], Bronfman and his brother, Edgar, inherited the Seagram spirits empire in 1971 after the death of their father, Sam Bronfman. Over the past 18 months, As executive chairman he has overseen the firm's direct private equity portfolio invest, amongst others,[3] in: Cirque du Soleil, CPI, Dick Clark Productions, TSN, Solotech, The Next Adventure, 49TH Parallel, Champlain Seafood, Circle Foods, NYSE, Tour Telus, Bassins dy Havre, Eagle Creek, Busbud, Cloudify, Facebook, Gigaspaces, Luxury Retreats. Photo by Andrew Vaughan / The Canadian Press Stephen R Bronfman is Charles Bronfman. In 1990, he enrolled in Montreal's Concordia University to study geology, but the business bug was starting to take hold. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. Many people ask this question about the money Stephen Bronfman makes from Facebook. 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. Meet Stephen Bronfman, the Montreal point man in the deal to share The combined wealth of the top 46 [] The firm employs some 30 investment and administrative professionals. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. The Bronfman family and our investment professionals have extensive relationships with senior decision makers in multiple industries on a global scale. Normally the ad cost for an Instagram ad post is based on the number of followers on the account. Age: 91 Birthplace: Montreal, Canada The acquisition makes Rogers the largest wireless carrier in Canada. 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. Our portfolio teams are put together to reflect a unique mix of experience and entrepreneurial spirit, which has proven to be extremely efficient. Experienced, successful, and ambitious teams demonstrating deep industry insight. Ben Bronfman was born in New York, New York, and attended . "He's definitely a big fish is a medium sized pond.". of 2,013,459 shares made by Engaged Capital Llc Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. The bid for Riverside was worth $377 million, and Thorlakson assumed CEO duties on Nov. 1. Bronfman is a former co-chairman of the Seagram Company Ltd. On the demise of the company: "It was a disaster, it is a disaster, it will be a disaster," he says. Clare Bronfman has an estimated net worth of $600 million. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. Past performance is a poor indicator of future performance. Our private equity funds program is invested globally with some of the world's leading private equity funds that we have strong relationships with. "He's a business success in his own right," he said. Building together. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. the Director of SunOpta Inc and owns about 5,389,288 shares of SunOpta Inc (STKL) stock worth over $44 Million. 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. The CEOWORLD magazine Quarterly Rich List 2020 has revealed Canada's wealthiest people. Charles Bronfman - Forbes The youngest son of Hong Kong billionaire Li Ka-Shing, Richard uncharacteristically left the limelight to his older brother, Victor, this year. The family-owned company now has sales of some $450 million a year and continues to expand. . Lot Size 1.13 acres. 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. 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. 15. Updated for 2018! Clare Bronfman net worth: Clare Bronfman is an American equestrian who has a net worth of $500 million. 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. 79. Canadian Business The 67 Richest Canadians in 2023 | Hardbacon He was educated at Selwyn House School in Montreal, Trinity College School in Port Hope, Ontario, and McGill University. The Finnish-born fashion magnate was ordered to pay over $1 million in legal costs racked up by his son's mother in a nasty child support battle. In 1990, he studied geology at Concordia University. Want more of our free, weekly newslettersinyourinbox? Rival firm Interfor was also in the running. This broad experience allows us to guide management teams through challenging decisions. Business must be hopping for Katz's private drugstore empire. 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. The elder Bronfman sold his shares in the team in 1991. Bonita "Bonnie" Roche. He and his wife have given away millions of dollars to educational, cultural, environmental and Jewish groups through the Claudine and Stephen Bronfman Family Foundation. [3], In 1991, Bronfman with billionaire Leslie Wexner formed the "Mega Group",[12] a loosely organized club of some the wealthiest and most influential businessmen who were concerned with Jewish issues. 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. sale Then global investors bought in", "Secret money. sale Get notification with the latest net worth updates for free. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. The firm has invested in artist tours by the Rolling Stones, Madonna, and Crosby, Stills, Nash and Young. On average, Sunopta executives and independent directors trade stock every 22 days with the average trade being worth of $636,028. The older son of billionaire Li Ka-shing blamed the unions. 56. [20][21], Bronfman joined the Giving Pledge, an initiative of the Bill & Melinda Gates Foundation.[2][9]. But with shock jock Howard Stern in the mix, the group might be permanently off-air. Still in his 20s, he bought two stores and started his own chain. We have a longer-term outlook than most investors. Other recent insider transactions involving SunOpta Inc (STKL) include History Community Involvement , [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. GuruFocus.com is not operated by a broker or a dealer. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Selectively partnering with the best managers worldwide. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. (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. 4. He moved smoothly between English and French, in a city where that matters. Despite the early victory, the team was awful, losing 20 games in a row and eventually tying for the fewest wins in the league that season. He will stay on as executive chairman. Hard-working and honest, our staff is entirely committed to growing your business in a way that is as enjoyable as it is profitable. 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. 82. He is best known for his $50-million contribution to UBC in 1998. He has two older sisters, the art patron Baroness Aileen "Minda" Bronfman de Gunzberg, and architecture expert and developer Phyllis Lambert. 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. It's why he's so excited about the Rays deal. Minority investments requiring approximately $5 million of equity contribution. Making an impact. 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. The Expos played their first home game on a Monday afternoon in April 1969. SunOpta Inc (STKL) About 285 guests attended the lavish ceremony. [14] 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. [12], Bronfman is chairman of the Andrea and Charles Bronfman Philanthropies Inc.,[14] a family of charitable foundations operating in Israel, the U.S., and Canada. and But so far, the US$2.3-billion acquisition has only managed to drag first-quarter earnings down by 29%. We are differentiated by our entrepreneurial family business mindset, flexible investment approach, global relationships, value creation capabilities, strong integrity, use of reasonable leverage, and long-term investment horizon. Fundamental company data provided by Morningstar, updated daily. Wanna follow Stephen Bronfman's net worth? Insiders are limited to only officers and/or directors of the company. Bronfman has had some setbacks. Sharp kept rein over his lodging kingdom in May when 94% of shareholders voted down a motion to do away with the dual-share structure that gives him control over Four Seasons Hotel and Resorts Inc., even though he owns only 12% of the stock. We evaluate each potential transaction based on its own merits. In 1999 he was named a director of Seagram, his family's conglomerate. 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. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. Claridge also has third-party managed investments in a variety of industries throughout the world. a net Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. Focus on true value creation, not short term profits. "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. Our approach can appeal to family-owned businesses and select public and sponsor-owned companies. Bronfman, whose father Charles was the original owner of the Expos, is part of a group spearheading effort to return baseball the city. 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. 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. He kept a low profile this year. Stuart Belkin saw sweet profits this year from his family's stake in the Rogers Sugar Income Fund. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . 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. Majority or significant minority equity investments. Gurus may be added or dropped from the GuruFocus site at any time. 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. [16] Bronfman is also responsible for The Charles Bronfman Prize,[17] honoring individuals for their humanitarian contributions. Gerald (Gerry) Schwartz and Heather Reisman: $758 million. During her trial in New York Bronfman spoke in an English accent, although she left the UK in her mid-teens to reunite with her father, Edgar Bronfman Sr, who had a net worth of $2.5bn before he . The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Since 1999, the program has sent more than 700,000 young Jews from around the world on a 10-day free trip to Israel. 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. There were reports of an arrangement with gangster Meyer Lansky and never proven rumors of a connection to Al Capone. More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. Our flexible approach is well-suited to management teams and owners seeking a value-added and long-term partner. 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. 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 founder and former head of cable company Vidotron now heads up Canada's largest foundation, which helps children. But watch out, Peter: the darling is already starting to slide. Freddy DeGasperis Jr. runs Aspen Ridge Homes Ltd., part of his father's construction empire. 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. Married 1961. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. 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) . London Drugs continues to expand, and opened a store in Manitoba in May. 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. Seagram Heir Buys $30 Million Santa Monica House - DIRT Year 1925. Wanna follow Stephen Bronfman's net worth? The corporate cowboy and chairman of Calgary-based power and engineering giant ATCO Ltd. lost his battle with city council over a planned housing development to be built next door to his family's sprawling 300-acre equestrian park in the foothills of the Canadian Rockies. ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. Global perspective enables us to identify sectors with potentially better opportunities, make key introductions to new markets, recruit new personnel, and make acquisitions. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. 14. On the downside, insolvent Stelco is one of its major customers and suppliers. Property tycoon Paul Reichmann stepped down as CEO of family holding company Reichmann International in October, passing the torch to his son, Barry. Members of the Bronfman Family | List of Bronfman Family Names [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. 10. Bronfman was also well known for his forays into professional sports. 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. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. 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 . 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. Flatt, who became chief executive in 2002, has accumulated stock worth another US$2.5 billion. In 2008, married Roche, an architect, in New York City. We favour simple investment structures that meet the unique needs of sellers. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. 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. He is the son of Samuel Bronfman and Saidye Rosner Bronfman. He'd seen his father come home from work everyday in a suit and tie and didn't think it was for him. SunOpta Inc (STKL)'s detailed insider trading history can be found in Insider Trading Tracker table. [1] 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. List of Canadians by net worth - Wikipedia Details can be seen in Stephen R Bronfman's Latest Holdings Summary section. of 2,213,078 shares. 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. Bronfman is adding to his family's wealth. "I had the best time because I believe in (this project)," he said on talk radio afterward. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi KENDALL JE Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. Advertisement . 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. Bronfman has described himself as an optimist. After selling off most of its Telemedia Corp. media assets in the past few years, the family mostly stayed out of the limelight in 2004, save for the many mentions in the Montreal Gazette's Social Notes column. PHOTOS BY VINCENZO D'ALTO. We understand the benefits and risks of financial leverage. The chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price. Creating a legacy. Simple investment structures meet the unique needs of sellers. He made almost $247 million by selling 33 million fund units he received in the deal. Location Santa Monica, Calif. Price $29.4 million. Comrie earned more than $270 million this year after converting his chain of more than 160 discount outlets into an income trust. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. In April, the CRTC admonished Aliant for selling local phone service in a bundled package in areas of Nova Scotia and P.E.I. Our direct private equity portfolio spans food and restaurants, media and entertainment, real estate, and technology. 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. Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. "Montreal is a city with four million people, but the Bronfmans don't get lost in the noise," Moore said. Stephen Bronfman speaks to the media about the prospect of Major League Baseball returning to Montreal. Fipke, who was the first to discover diamonds in Canada's north in 1991, continues to earn an impressive amount from his 10% stake in the Ekati mine, which supplies 6% of the world's diamonds. of 73,345 shares made by Robert Duchscher The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. 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. 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. Money poured in. SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. Maple Leaf Foods Inc. gobbled up Schneider Foods in April for $500 million. . Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. other: See Footnote 1 Engaged Capital Special Situation Fund, Lp Stephen R Bronfman Net Worth (2022) - GuruFocus.com 96. 83. In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. A fan favorite, he's still referred to in Montreal as "Le Grand Orange" for the color of his hair. Sirois is also behind Microcell and the Fido brand, which Rogers Wireless bought in November. 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. The one-million-square-foot building is worth approximately $250 million. Many people ask about the amount of money Stephen Bronfman makes from Instagram. "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. Construction started in July on Matthews' Celtic Manor resort in Wales in time for the 2010 Ryder Cup. Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. 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 is on a number of boards, including FPI Ltd., of which Clearwater is a major shareholder, owning 14.9%. [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. The Other Bronfman - Forbes
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