The early passion for the game still burns today, he says. Ben Bronfman Net Worth of 73,345 shares made by Robert Duchscher 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. "It was a family tragedy."[3][6]. 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. He made almost $247 million by selling 33 million fund units he received in the deal. 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. of 7,000 shares. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. that could decrease the service price and reduce local competition. Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. 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 Or else I would marry a very rich wife. We report to one owner who plays an integral role in decision-making and works closely with the senior leadership team. 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? Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987. Despite some tough times, the executive brothers of Quebec paper and cardboard maker Cascades Inc. stayed almost static on the list. Coutu's pharmacy company became the fourth-largest North American drugstore chain in August when it purchased 1,549 Eckerd stores. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. 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 Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. 2004-2023 GuruFocus.com, LLC. Continuous evaluation, both internally and externally, that further strengthens the foundations impact. The payoff: the Koschitzky clan increased its net worth 32% since last year. Investments that favour the environment, culture, education, entrepreneurship and Jewish life. The McCain family also forked over $5 million to the National Ballet School in July. His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. Bronfman is closer to that dream than ever. Our portfolio teams are put together to reflect a unique mix of experience and entrepreneurial spirit, which has proven to be extremely efficient. Paul Bronfman: BCE's $3.38 Billion Astral Media Takeover is 'Bittersweet' The acquisition of the Canadian radio and TV giant, which operates HBO Canada, caps off a long and successful . 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. He is on a number of boards, including FPI Ltd., of which Clearwater is a major shareholder, owning 14.9%. Public equities managed funds are comprised of Canadian equity and foreign equity using a combination of active and index-replication strategies. Alfredo (Fred) DeGasperis: $645 million. Rays owner Stuart Sternberg has praised Bronfman, and vice versa. In September, it looked like Gaglardi's son, Tom, would be part of a successful $250-million bid for the Vancouver NHL team. He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. He attended Trudeau's wedding in 2005 and the Trudeaus have visited the Bronfmans' farmhouse near Mont Tremblant, Maclean's magazine reported. 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. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Rogers Wireless made headlines this fall when it purchased Microcell Telecommunications Inc., the parent company of Fido, for $1.4 billion. Bronfman's firm teamed up with renowned concert promoter Michael Cohl to produce tours for the likes of Madonna and the Rolling Stones, and musicals including the award winning Spamalot. 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. of The estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. In 2008, married Roche, an architect, in New York City. Our portfolio composition is carefully shaped to reflect the optimal mix between economic sectors and geographies. Majority or significant minority equity investments. The family went on to run the Seagram Company, with brands like VO, Crown Royal and Chivas Regal. The 67 Richest Canadians in 2023 | Hardbacon 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. It was a very good year for the Thomson Corp. 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. There could be tough times ahead. Bronfman is adding to his family's wealth. Bronfman is one of its principal donors. 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. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. Stephen R Bronfman made 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 award recognizes refiners with exemplary achievements in areas such as producing clean fuels and dedication to environmental performance. On average, Sunopta executives and independent directors trade stock every 22 days with the average trade being worth of $636,028. He briefly worked in the marketing department of the Montreal Expos, then owned by his father. 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 most-recent trade in SunOpta Inc is the 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. Stephen Bronfman speaks to the media about the prospect of Major League Baseball returning to Montreal. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. The chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price. Reisman's pride, Indigo Books & Music, is suffering quarterly losses and has decided to focus less on books and more on gifts. It was divided up by his seven children and wife. and Both things are fundamentals of living for the soon to be 50-year-old businessman, philanthropist and father of four. Members of the Bronfman Family | List of Bronfman Family Names 10 percent owner Bam Partners Trust With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $591,868. 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. Bernard, Laurent and Alain Lemaire: $421 million. In 2017, he was caught up in the Paradise Papers scandal. This investment adviser does not provide advice to individual investors. Making an impact. 1 all the time, coddled and catered to like some members of the business elite. In 1999 he was named a director of Seagram, his family's conglomerate. 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. Charles Bronfman, PC CC (born June 27, 1931) is a Canadian-American businessman and philanthropist[1] and is a member of the Canadian Jewish Bronfman family. 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. Charles Bronfman. of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. 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. sale 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. J. R. Shaw's cable TV giant, now run by his son Jim, jumped on the voice-over-Internet protocol (VoIP) bandwagon this year, announcing plans to team up with rival Bell Canada to offer its Digital Phone service to subscribers by next year. The "Mega Group" would meet twice a year for two days of seminars related to the topic of philanthropy and Jewishness. From 1999 to 2001, Bronfman was the first chairman of the United Jewish Communities, the merged North American organization comprising United Jewish Appeal, the Council of Jewish Federations and United Israel Appeal. GuruFocus.com is not operated by a broker or a dealer. 71. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. 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. Click here to see the complete history of Stephen R Bronfmans form 4 insider trades. Experienced, successful, and ambitious teams demonstrating deep industry insight. The entrepreneurial Bronfman family has been seizing opportunities for over two centuries. Comrie, founder of the Brick Warehouse Corp., has become one of Canada's largest furniture-store magnates. Her Lebanese immigrant father started out as a door-to-door clothing salesman. Stephen R Bronfman Net Worth (2023) | wallmine Paul Bronfman: BCE's $3.38 Billion Astral Media Takeover is But Cap. 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. The Vancouver-based family also continued to manage investments in real estate and pulp and paper through its privately owned conglomerate, Belkorp Industries Inc. Stroll was spotted vacationing with former Gucci designer Tom Ford on the Caribbean island of Mustique last December, prompting one local to speculate on the hatch of the next big fashion labelright here on this tiny island. But for now, Stroll will keep his day job as co-chairman of upscale New York fashion label Michael Kors.