Its leaders have soared in wealth and influence since the departure of the Bronfmans. Minority investments requiring approximately $5 million of equity contribution. At left is and Pierre Boivin. 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. 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 most-recent trade in SunOpta Inc is the Management with skin in the game investing alongside us. "I had the best time because I believe in (this project)," he said on talk radio afterward. We understand the benefits and risks of financial leverage. In January, the family's investment firm bought floundering chartered aircraft company Starlink Aviation. 56. Buyer Jeremy Bronfman. Not having a predetermined fund life gives us the flexibility to make long-term decisions for the well-being of the company. Bronfman's son, Stephen, runs Claridge,. Combined, the seven companies won US$260 million worth of contracts. De Gasp Beaubien family: $400 million. 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 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. Bronfman has given away or pledged at least $350 million, mostly toward promotion of Canadian culture and the Jewish community's connection to Israel. Some millionaires would like to live forever. A November RBC report says there is a diminishing pool of potential first-time buyers in Toronto. 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. 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. Follow @GrahamBrink. Subscribe to our free Business by the Bay newsletter. We aim to achieve diversification through investment strategy, sector, geography, fund manager, and vintage year. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. Still in his 20s, he bought two stores and started his own chain. He was educated at Selwyn House School in Montreal, Trinity College School in Port Hope, Ontario, and McGill University. 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. A fan favorite, he's still referred to in Montreal as "Le Grand Orange" for the color of his hair. , . Katz Group Canada Ltd. is planning on spending between $50 million and $100 million a year building and renovating stores. [18][19], Bronfman was a founding co-chairman of Historica Canada, producers of the Heritage Minutes series of television shorts. About Us Building together. 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). In the early 1900s, much of the revenue at the family's hotels in Emerson, Manitoba and later in Winnipeg flowed from selling liquor. Headquartered in Montreal, the company became the largest producer and distributor of distilled spirits in the world. 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. Stock quotes provided by InterActive Data. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. 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. 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. 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 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. The high-profile guests included former B.C. Focus on true value creation, not short term profits. Claridge challenges its portfolio teams to excel and, through respectful and symbiotic relationships, we tend to complement our partners well. 2004-2023 GuruFocus.com, LLC. 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. "[11], He and Michael Steinhardt co-founded Taglit Birthright, a program which provides a free, educational travel experience to Israel for young Jewish adults. Bronfman is closer to that dream than ever. the Director of SunOpta Inc and owns about 5,389,288 shares of SunOpta Inc (STKL) stock worth over $44 Million. We favour simple investment structures that meet the unique needs of sellers. 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 and a group of investors failed to keep the Expos in Montreal in the early 2000s. Stephen Bronfman is big on family. 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. But watch out, Peter: the darling is already starting to slide. Claridge also has third-party managed investments in a variety of industries throughout the world. 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. Stephen's mailing address filed with the SEC is C/O CLARIDGE INC., . Selectively partnering with the best managers worldwide. 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 . But the mystery buyers may not even need to . There will be no preferential seating for the real estate mogul at Canucks hockey games, after all. . And having roots. We put in place strong boards formed with members that bring experience and sector knowledge to our partners. It was divided up by his seven children and wife. 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. a net His older brother, Edgar Bronfman, Sr., was his fellow co-chair of Seagram. Enjoy a 7-Day Free Trial Thru May 09, 2023! Sirois is also behind Microcell and the Fido brand, which Rogers Wireless bought in November. Since 1999, the program has sent more than 700,000 young Jews from around the world on a 10-day free trip to Israel. This investment adviser does not provide advice to individual investors. He is the co-chairman of the McGill Institute for the Study of Canada. Our governance requirements are similar to those of institutional funds and relate mostly to capital allocation and reporting. The CEO of Power Financial Corp. raked in a tidy $170 million when he exercised stock options early in the year. Direct equity participations currently include holdings in food, real estate, technology, entertainment, and renewable energy, among others. He hopes the deal gets done, so that he can attend opening day with his 88-year-old father. The family's publicly traded business, Samuel Manu-Tech Inc., is currently experiencing record quarters. [3][4], Bronfman held various positions in the family's liquor empire, Seagram, from 1951 to 2000. Stephen Bronfman Spouse: Claudine Blondin Bronfman, Stephen Bronfman Parents: Charles Bronfman, Barbara Baerwald Bronfman. Actively backing the entrepreneurial spirit with more than capital. Financial investments span North America, Europe, and Asia. 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. no insider transaction in SunOpta Inc (STKL). 83. He is on a number of boards, including FPI Ltd., of which Clearwater is a major shareholder, owning 14.9%. With an estimated net worth of $2 billion (as of 2013), Bronfman was ranked by Forbes as the 14th wealthiest Canadian and 736th in the world. More than 29,000 people showed up at Jarry Park, an outdoor stadium with a grass playing field. In 1924, Samuel founded the Distillers Corporation in Montreal. Stephen R Bronfman is the director of SunOpta Inc. Sold (or bought if negative) in USD ARDSLEY AD WEST FACE Engaged Capi The founder of software vendor Cognos Inc. owns two vintage planes and a yacht. Only the transactions in Open Market or Private Sale at the market prices are included. The acquisition makes Rogers the largest wireless carrier in Canada. 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. a net [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. Bronfman and his family came to prominence within Canada as key fundraisers for the Liberal Party of Canada. 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. It's been a wild ride for the Calgary mining promoter who saw his personal net wealth skyrocket 250% in last year's Rich 100. Bronfman was also well known for his forays into professional sports. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. In March, Irving Oil Ltd. was the first Canadian company to be named North American Refiner of the Year by Texas-based Hart Energy Publishing, a major energy sector publisher. sale that could decrease the service price and reduce local competition. Scarlett Johansson. 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. Flat and agile operating structure enables us to make decisions quickly and provide prompt feedback. 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 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. A unique mix of entrepreneurial thinking, deep financial expertise and integrity. Gururaj (Desh) Deshpande: $346 million. . Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The Iranian-born millionaire, who lives in a tony Vancouver suburb with his wife, Nezhat, was reportedly B.C. The family's trials and tribulations have kept them in the news. 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. sale 15. Her Lebanese immigrant father started out as a door-to-door clothing salesman. There could be tough times ahead. His forestry company, Tolko Industries, won a hostile takeover bid for Riverside Forest Products. Stephen Bronfman did not speak with the Tampa Bay Times for this article, which is based on previous news reports and what he has said at recent public events, news conferences and on talk radio shows. 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 Age: 91 Birthplace: Montreal, Canada Our third-party managed funds include long only public equities, hedge and private equity funds. Our sixth annual ranking of Canada's wealthiest people. [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. 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. From humble beginnings as a Russian immigrant at the end of the nineteenth century, the family patriarch Samuel Bronfman began to build what would become the largest distiller in North America. The most active insiders traders include Face Capital Inc.Boland Gre, Organics, L.P.Oaktree Fund , and Advisory Partners Lp Ardsle. Specs 8,085 square feet, 5 bedrooms, 7 bathrooms. Above is the net worth, insider trading, and ownership report for Stephen R Bronfman. History Community Involvement SunOpta Inc (STKL) We have the flexibility to pursue a range of investment structures as well as transaction types. , Our flexible approach is well-suited to management teams and owners seeking a value-added and long-term partner. Married 1961. Bronfman took the head of the private equity firm Claridge and has served as its CEO since 1997. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. 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. It was a very good year for the Thomson Corp. Terence (Terry) Matthews: $1.62 billion. He also founded the CRB Foundation, which runs educational enrichment classes in outlying areas in collaboration with the Education Ministry in Israel. "He's definitely a big fish is a medium sized pond.". Mark Leonard and Family - $3.52 billion CAN ($2.8 billion US) Mark . Stephen Bronfman, 55, rarely speaks publicly about his family's early history and has largely steered clear of the recent controversies. sale Updated for 2018! Stuart Belkin saw sweet profits this year from his family's stake in the Rogers Sugar Income Fund. Claridge has thrived through many economic cycles. Gail Regan, Rosemary Phelan and Holiday Phelan-Johnson: $400 million. Advertisement . We seek to partner with and invest in high-quality businesses with strong and defensible market positions. Bronfman completed his undergraduate studies at Williams College and returned to Montreal in 1986. Who's in, who's out, who's hot, who's not. Heiress to the Seagram liquor fortune, Clare Bronfman was sentenced to six years and nine months in prison Sept. 30, 2020 for her role in the NXIVM sex cult scandal.She was originally charged for the crimes in April 2018, when she was released on a $100 million bond, thanks, in part, to Clare Bronfman's net worth.Her sentencing was more than the prosecutors had recommended. Well break down the latest business and consumer news and insights you need to know every Wednesday. Stephen Bronfman runs the investment firm founded by his father, Claridge. Our investment experience, coupled with our expertise in identifying transformational opportunities and adding value to portfolio companies, has helped us achieve superior risk-adjusted returns over the long term. "That paper loss is among the largest sustained by a single family, ever," Fortune magazine. Our portfolio teams are put together to reflect a unique mix of experience and entrepreneurial spirit, which has proven to be extremely efficient. 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. 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. 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 of 42,714 shares made by David Largey The McCain family also forked over $5 million to the National Ballet School in July. The former transportation tycoon and one-time owner of the CFL's Hamilton Tiger-Cats made philanthropic history in December 2003 when he donated $105 million to McMaster University's medical school the largest single cash gift to a Canadian institution. Compelling long-term industry fundamentals. Year 1925. 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. [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. 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. He sold the franchise for $100 million CAD to a consortium of local investors led by Claude Brochu on November 29, 1990. Please only use it for a guidance and Stephen Bronfman's actual income may vary a lot from the dollar amount shown above. Details can be seen in Stephen R Bronfman's Latest Holdings Summary section. With this year's season becoming more unsalvageable, cities of all sizes are learning what it feels like. Pattison and his guests had a scare this September when they were evacuated from his 150-foot luxury yacht after a fire broke out in the engine room. Building together. Photo by Andrew Vaughan / The Canadian Press The estimated net worth of Stephen R Bronfman is at least $44 Million dollars as of 2023-05-02. 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. 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. Ben Bronfman net worth: Ben Bronfman is an American musician, activist, and entrepreneur who has a net worth of $100 million dollars. Benjamin Bronfman. Also in 1991, he joined private equity firm Claridge, which was founded by his father in 1987.[1]. 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 also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. About 285 guests attended the lavish ceremony. He was majority owner of Major League Baseball's Montreal Expos from the team's formation in 1968 until 1991. It generates maximum revenue from the Plant-Based Foods and Beverages segment. On average, Sunopta executives and independent directors trade stock every 21 days with the average trade being worth of $634,359. Stephen Bronfman Net Worth Stephen Bronfman Net Worth 2023, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. In 1998, Steven Spielberg spoke about his personal religious journey, and later the group discussed Jewish summer camps. The first winner was Gift of Life Marrow Registry founder Jay Feinberg. Rusty Staub was the team's best hitter. [5], Bronfman and his brother, Edgar, inherited the Seagram spirits empire in 1971 after the death of their father, Sam Bronfman. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. 59. The company's operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. . On the downside, insolvent Stelco is one of its major customers and suppliers. Many people ask this question about the money Stephen Bronfman makes from Facebook. . Now that daughter Belinda has left Magna for a seat on Parliament Hill, he seems to have forgotten his former political ambitions. 37. In 1990, he studied geology at Concordia University. That means weaker demand, greater supply and price declines, or buyer incentives in the future. [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 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 doesn't need to be No. The chairman of Pacific Century CyberWorks lost 17% of his wealth on the list, mostly due to a decrease in share price. of 2,013,459 shares made by Engaged Capital Llc In 1976, two New York men accused of kidnapping 21-year-old Samuel Bronfman II were convicted of grand larceny. 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. Since its foundation in 1986,[15] the charity spent more than $340 million to about 1,820 organizations. 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. The CEOWORLD magazine Quarterly Rich List 2020 has revealed Canada's wealthiest people. ResREIT shares owned by the family and Latner's companies combined brought in about $24 million. Stephen R Bronfman is 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. The deal went sour and the Bronfman family fortune plunged from $6.5 billion to below $3 billion. In 1999 he was named a director of Seagram, his family's conglomerate. Bronfman said he's hopeful but realistic. Engagement and empowerment of emerging talent that encourages the development of human potential and that recognizes and celebrates individual and collective ingenuity. and 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. As the Liberal Party's chief fundraiser, Bronfman helped get Canada's prime minister Justin Trudeau elected in 2015. celebrated the groundbreaking of the $18-million Rudy Bratty Centre Markham Family YMCA, set to open in a year. The North American construction boom kept the IKO Group, the family-owned roofing supply business, very busy in 2004. Continuous evaluation, both internally and externally, that further strengthens the foundations 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. of 73,345 shares made by Robert Duchscher He briefly worked in the marketing department of the Montreal Expos, then owned by his father. It's why he's so excited about the Rays deal. The company, which bought out package maker Dopaco, posted losses early in the year but reported a sevenfold increase in third-quarter profits. 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) . He recently inked a deal to produce a US$30-million Beatles show in Las Vegas and is also the proud owner of the $2,605 hot dog he won in an auction for the last wiener sold during the Montreal Expos' final home game. He and his partners have identified a downtown site for a new outdoor stadium. 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 family went on to run the Seagram Company, with brands like VO, Crown Royal and Chivas Regal. 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. 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? Stephen R Bronfman Net Worth 2022 and insider trades. This broad experience allows us to guide management teams through challenging decisions. In this role, we often provide strategic and operational support, relationships, capital to fund growth initiatives, and a more conservative approach to leverage. Bronfman said almost all construction materials and labour were locally-sourced, but imported German windows and doors were necessary to ensure the building's very tight envelope. Chagnon had $100 million invested with the fund. "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. He kept a low profile this year. 0 transactions in SunOpta Inc (STKL) over the past 5 years. In the Maritime turf war between Bragg's three-year-old EastLink Telephone and BCE's Aliant Inc., EastLink won. One of the founding fathers of the Tim Hortons chain, he now owns a luxury golf resort and a chartered jet company. Stephen and Mitchell Goldhar: $608 million. Active research and documentation that identifies and analyses challenges confronting communities. But with shock jock Howard Stern in the mix, the group might be permanently off-air. , sale estimated net worth of Stephen R Bronfman, Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership, Engaged Capital Special Situation Fund, Lp. Stephen R Bronfman owns 5,389,288 shares of SunOpta Inc (STKL) as of May 9, 2006, with a value of $44 Million. Claridge represents the interests of the Stephen Bronfman family and is actively involved in the management Since the sale of Novapharm to Israel-based Teva Pharmaceutical Industries Ltd. in 2000, the Hungarian-born mogul has kept a fairly low profile while making multimillion-dollar investments in Viventia Biotech Inc., the cancer research firm he controls with his daughter Andrea Dan-Hytman. Stephen R Bronfman around $4 Million.
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