He landed at Claridge, the boutique investment firm started by his father a few years earlier. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. One of them was a fellow named Rabinovich who was a very wealthy business man in Kiev and he had just discovered, not only that he had made a pile of money, but also just discovered he was Jewish and he was very proud of that. Use tab to navigate through the menu items. Often times that $5,000 or $10,000 can mean a lot more than, say, $100,000 to an opera, which I don't do. Create an account or sign in to continue with your reading experience. Bronfman stated she will remain in his employ. Still, Paul Bronfman carved his own path, first in rock music, then in a Vancouver film studio, and now in the movie equipment business. . If you are a Home delivery print subscriber, unlimited online access is. 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. Rob (Manfred) is really putting himself out there. They will be investing hundreds of millions of dollars in the technology and innovation sectors. 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Last year, it was TNT. In his office last Wednesday, an assistant cues up this years song, For Those About to Rock (We Salute You).. Edgar Bronfman Jr. took the reins at Seagram in 1994, after his father From a business perspective, again, I have not been able to affect the large part of the business community like Seagram had, but what I have been able to learn, and I've been lucky enough to be involved in many different business industries (in television, live music touring, food business, and other businesses). I find this project as important as any within the realm of the federation or Combined Jewish Appeal. "I had the best time because I believe in (this project)," he said on talk radio afterward. KARL MOORE - This is Karl Moore talking management for the Globe and Mail. Bronfman speaks enthusiastically about his three children, who all work in the film industry in Toronto. Claridge had been investing in Israel since the 1980s and had a good run buying and selling stakes in Teva Pharmaceuticals and Osem. Terrible. 1730 Rhode Island Ave NW, Suite 317 The latest revelations, first published last week, came as the issue continued to dominate question time in Canadian Parliament, and as Trudeau gave a speech calling on top earners and business leaders to take responsibility for rising income disparity in Canada. He hopes the deal gets done, so that he can attend opening day with his 88-year-old father. Over a memorable 24-hour period in 1992, he was honored by making the ceremonial first pitch at the World Series in Toronto, the first such contest ever to be played outside the United States. "This is what I've been waiting for, and I hope it's what people in the city have been waiting for," he said on a TSN 690 talk radio program Wednesday. The partnership with La Caisse fits perfectly in our common strategic and patient investment philosophy.. Could it affect another? Students on Ice (SOI) has led educational expeditions to the Arctic and Antarctic. I see him as a mentor to help us grow the film industry in northern Ontario, Anselmo says. Get the latest scoop directly in your inbox. I have a girlfriend. Stephen Bronfman was the Chair for Centraide. There are people in Canada who are so wealthy that not only do they think they dont need to pay their fair share of taxes, theyre forcing us to spend a billion dollars to go after them just so theyll do the right thing and pay what they owe, Trudeau said. Of course, Trudeau publicly denies that his office ever discussed the SNC Lavalin case with Stephen Bronfman, although SNC Lavalin happened to make. I need Montreal! Get our stories by email. The family went on to run the Seagram Company, with brands like VO, Crown Royal and Chivas Regal. It's funny, one time I did a trip through the Eastern Block and I was in Kiev in the Ukraine, and we sat with a diverse group of business people. A fan favorite, he's still referred to in Montreal as "Le Grand Orange" for the color of his hair. After the game, Stephen's father "had to struggle through a back-slapping crowd to reach his car," the Montreal Gazette reported. Stephen joined his father Charles private equity firm Claridge in 1990. Humility could be an asset as the two sides sort out how to share a baseball team. I'm involved with all kinds of parts that I think make the fabric of Montreal very, very important. This article was published more than 13 years ago. Beautiful city, beautiful women, great restaurants, and ashit-ass place to make movies. Separated three years ago from his wife, Bronfman lives in a condo in Torontos trendy Yorkville district. But it lost more than 30% on its investment in Koor. Contact Graham Brink at gbrink@tampabay.com. Cousin Sara Bronfman of NXIVM had married Basit Igtet who fled to Switzerland. 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. He also lost out on a bid to buy the venerable Montreal Canadiens hockey team in 2010. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Pinewood Toronto, meanwhile, is full and earning money, but not for Bronfman. In fact, while Bronfman is philosophical about MS, he is downright bitter when he speaks of Montreal. We are smoking. Now we will see with the economy and how it is these days, but I've been involved with several events and conferences out west where you have a lot of people from, say Silicon Valley, that have made huge amounts of money and they want to learn "what is philanthropy" and "how do we go about it?". I think was one of the gifts my dad gave me early on, he said "Son, whatever it is you're going to do just be as good as you can at it." The couple want other Jewish youths to feel the same way, and thats why they have become co-chairs of Gen J, a long-term project initiated by Federation CJA intended to instil in everyone from toddlers to adults in their 20s a sense of belonging to the Jewish community. In a statement issued after the Paradise Papers revelations were first published, Bronfman said his only connection to the offshore trust in question ended in 1998. Federation president Marc Gold describes Gen J as an investment in the future of the Montreal Jewish community. Each year, he leads partygoers in an AC/DC song. Its budget is drawn up each year often in partnership with government or non-profit organizations. David Anselmo, a former actor, has opened Northern Ontario Film Studios in a former hockey rink he leases from the City of Sudbury; White two years ago partnered withAnselmo to open a film equipment house there. In 2014, Canada 2020 hosted Hillary Clinton in Ottawa, and a personal meeting with Justin Trudeau was being arranged. We will not have a grip clamp or a sandbag crossing the Ontario-Quebec border.. You know what, I'm glad I didn't make certain decisions as a younger person. After the couple split, Gold sold the house in 2015 for $18.5 million to Grant and Patty Sims, a philanthropic couple from Houston who made their fortune in the oil and gas sector, and purchased the property as a vacation home. From the highway out front, a camera-monitored gate allows access to a long, downward sloping driveway that dead-ends at the U-shaped mansion. After all, how could that possibly be, considering long time family friend and confident Leo Kolber had been investing in off-shore accounts for the Bronfmans and their elite friends for decades. We ask you to keep your comments relevant and respectful. SB - Focus is tough! Instead, White two years ago invested in Sudbury. Bronfman, 59, has battled MS for more than 20 years, and no longer has the use of his arms and legs. In 2013, Stephen Bronfman was named chief fundraiser and senior adviser for the Trudeau Liberals. As the Liberal Party's chief fundraiser, Bronfman helped get Canada's prime minister Justin Trudeau elected in 2015. We need to broaden the way we conceive of the Jewish community if we are to remain vibrant, Gold said. NXIVM, Stephen Bronfman and the Canadian Connection. The ongoing pandemic may have thrown a mansion-sized wrench into the U.S. real estate market, but summers here and there are still billionaires with ample cash reserves for a lavish vacation home. Get our latest stories in the feed of your favorite networks. White is hosting a party on the roof of the Bell Lightbox, a film complex in Toronto, and Bronfman is rehearsing. It took less than a day for Trudeau to state that the CRA had looked into Bronfmans case and, After all, how could that possibly be, considering long time family friend and confident Leo Kolber had been investing in, Under pressure from so-called cash-for-access fundraisers, the Liberals have started reporting details about all fundraisers. Mr. Bronfman exuded confidence at the Liberal summer caucus over what he had to do to fill Liberal coffers.. We want to hear from you! Among the pilot projects receiving funding are The Moot Court of Jewish Law at four Jewish high schools, which introduces Grade 10 students to Jewish law from a historic perspective and as it applies today; the Academy of the Segal Centre for Performing Arts to enable Grade 7 and 8 students from four high schools to enrol; and the creation of the West Island Jewish Family Learning Centre, where parents of pre-school children can get a grounding in Judaism. In 2010 Igtet founded the Independent Libya Foundation (ILF), an organization supporting the fledgling rebel movement. With zero return from nine years. In 1924, Samuel founded the Distillers Corporation in Montreal. So you pick and choose and you try to make the best decisions, and I stay within my passions. Such an environment will offer higher returns, greatly benefiting our depositors, said Andreas Beroutsos, Caisses executive vice president of private equity and infrastructure. WebEllen Bronfman Hauptman is Co-Chairman of Andell Holdings, a private investment firm and family office that she controls with her husband, Andrew Hauptman. He wants a new team so that the next generation of youngsters and adult fans can make similar memories. Trudeau then told reporters he was satisfied with Bronfmans response and that all rules were followed. Claridge exited the Israeli scene in 2006, when it sold control of the conglomerate Koor Industries to the IDB group, then controlled by Nochi Dankner. He relies on personal assistants to feed him, dress him, blow his nose, drive him and fly him around in his private jet. White now employs 330 full- and part-time staff at offices in Vancouver, Calgary, Regina, Winnipeg, Toronto, Sudbury, Ont., and Halifax. From the kitchen, dual barn doors slide open to a family room, and there are also fireplace-equipped living and dining rooms. Pinewood is the single worst investment I have made in Comweb (Bronfmans holding company) in 28 years, he says. 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. With all if this scandal surrounding Justin Trudeau, his popularity in rapid decline, Stephen Bronfman has his eye set on another candidate for the 2019 Canadian Election. I think that, especially in the Jewish world, there is something called "tikkum olam" which is "the need to give back" and I think we are all taught that from a young age. The Expos played their first home game on a Monday afternoon in April 1969. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. She derived much of that energy from the young people whom she made it her purpose to serve.. Stephen Bronfman A Chairman of Claridge Inc. at Claridge Stephen is the Executive Chairman of Claridge, a private investment firm. I was born and raised there. 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 We've done a lot of work with this fine institution of McGill and Centraide which is our United Way in Quebec. In Matthew Bronfman divested his controlling stake in Israel Discount Bank last year after holding it a decade. "He's a business success in his own right," he said. Their Montreal home sold for more than $3.3 million. Last year, he sold a majority interest in the club to billionaire Joe Mansueto, in a deal valued at $204 million. Their association with Gen J, they say, is not just a case of lending their names. Bronfman stated she will remain in his employ. 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. KM - You got married when you were 40 and you have three small kids under four. The grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. ICIJ is dedicated to ensuring all reports we publish are accurate. It seems Stephen Bronfmans involvement with Justin Trudeau spelled nothing but trouble for the lad, although much of Trudeaus corruption was done all on his own. Gen J (originally Generation J) was launched last April with a one-time $1-million grant from the federation coming out of its assets, and not the annual campaign. Often times, I tell you, the $5,000 grant can do a hell of a lot getting a small group going or can really have a large effect. He moved smoothly between English and French, in a city where that matters. Mr. Bronfman currently sits on the boards of trustees of Mount Sinai Medical Center (New York), the McGill Institute for the Study of Canada (Montreal), and Historica Canada (Toronto). The sale states that In 1999 the company, renamed Netstar, was sold to Canadian broadcaster CTV which gained 90% profit. And back in 2017, the Bronfman-Hauptman family downsized their L.A. living circumstances, in a manner of speaking, by purchasing a $16 million Brentwood Park estate that remains their main residence. The Paradise Papers revealed that, as Justin Trudeau campaigned to become Canadas prime minister on a platform of economic and tax fairness, his chief fundraiser Bronfman quietly helped move millions of dollars offshore, using his familys private investment company Claridge. He'd seen his father come home from work everyday in a suit and tie and didn't think it was for him. Looks like the Honeymoon is over! He and a group of investors failed to keep the Expos in Montreal in the early 2000s. If you believe you have found an inaccuracy, Latest from Paradise Papers: Secrets of the Global Elite, Paradise Papers: Secrets of the Global Elite, African nations win UN tussle over paving the way for global tax reforms, 136 countries agree to global minimum tax for corporations in historic OECD deal, Nike fails to stop EU probe on billions in alleged tax dodging, Global corporate tax crackdown plan moves forward, but faces key US hurdle. Larry Parrish blasted 30 home runs for the exciting 1979 Expos, and pitcher Steve Rogers won 19 games with a 2.40 earned run average in 1982, good enough to garner the second most votes for the Cy Young Award, given to the league's best pitcher each year. Stephen Bronfman was the, The Foundation is a flow-through, meaning that it has no assets. Stephen, 45, is the scion of one of the most prominent Jewish families in Canada and is the only one of his generation still living in Montreal, where he heads the private investment firm Claridge Inc. Claudine is, as she says, Jewish by choice, and is eager to share her enthusiasm for the Jewish traditions and values she has adopted, especially with people who are born Jewish but do not necessarily realize how enriching such a heritage is. Canadian Liberal Party fundraiser Stephen Bronfmans connection to companies that were owed millions by an offshore trust lasted into the mid-2000s, new documents uncovered by ICIJs Canadian partner reveal, despite Bronfmans claim his involvement ended years earlier. Bronfman said he's hopeful but realistic. Those rules came in after Bronfman held big fundraisers at the. Mr. Bronfman has spent much of his life as an active businessman. At least it's not going into his own bank or his mattress or what have you. Talking Management: Stephen Bronfman. Want more of our free, weekly newslettersinyourinbox? And Whites Toronto, we have never been this busy.. Too much money was spent on it. The public rooms perform their best imitation of an Italian country estate, with a mix of stone and hardwood floors, plus a cooks kitchen with a rustic wooden island and what appears to be a La Cornue range. I should be committed to an insane asylum.. WebStephen R Bronfman is Chairman at Claridge Inc. See Stephen R Bronfman's compensation, career history, education, & memberships. In 2006, Stephen's father's second wife died after a car hit her in New York City. [5] After the divorce she decided to stay on in Paris, living and working alone in a studio on her art and sculpting. I've learned a lot and I think the people around me have fun because we're doing different stuff all the time. Personal life In 1979, Bronfman married his first wife, Sherry Brewer, an African-American actress, in New Orleans. Musk Made a Mess at Twitter. In May of 2000, she was awarded Doctorate of Philosophy, Honoris Causa, from Tel Aviv University. I am involved with, not just environmental issues, but in local schools. "Montreal is a city with four million people, but the Bronfmans don't get lost in the noise," Moore said. We are putting in place the necessary infrastructure and capital to develop investment opportunities in technology companies with high growth potential that have succeeded in reaching the marketing stage, said Claridge CEO Pierre Boivin. Her commitment to human rights and fundamental freedom led her to found the Group of 35 Montreal Womens Campaign for Soviet Jewry. For decades, the Bronfmans came to prominence within Canada as key fundraisers for the Liberal Party of Canada and filled cabinets with their, Gerald Butts, Trudeaus other lifelong friend was also a founder for Canada 2020, which is registered as a non-profit. Get email notification for articles from Michael Rochvarger, U.S. Jewish Leaders to PM: Make Sacrifices, Birthrighters More Likely to Marry Other Jews, Haaretz Daily Newspaper Ltd. All Rights Reserved. So, I hope I have been able to effect some change in the way people think about things and the way people, these days, are consuming healthier products. Letsgetstarted. The impromptu performance of two opera singers up-top the marble staircase followed by attendants ushering us into the main Canadian Liberal Party fundraiser Stephen Bronfmans connection to companies that were owed millions by an offshore trust lasted into the mid-2000s, despite his claim it ended years earlier. Seems illegal donations were taken from SNCLavalin. SB - Well, we have always been very community minded and not just with the Jewish community. "I don't even know what street Canada is on," Capone once quipped to a question about bootlegging. The 35s played an active role in alerting both the Canadian government and the public at large to the plight of Soviet Jewry. I am doing my part to be involved with our local community, but as well to support the infrastructure of Montreal. Stephen Bronfman personally gave a $5 million US interest-free loan to the Trust in 1997, which was repaid in five months. Stephen has experience in mobilizing teenagers to take an active role in environmental issues through C-Vert, a project of the Stephen R. Bronfman Foundation started a few years ago. In this week's episode, hear how Brantley launched his art career with used canvases from a local art institute, turned tragedy into triumph with his first major art show, and created an entire world that's led to major motion picture studios knocking on his door. 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. Chris Cortazzo of Compass held the listing; Jonathan Nash and Stephen Resnick of Hilton & Hyland repped Bronfman and Hauptman. Bronfman family scion and liquor heiress Ellen Bronfman Hauptman is one of those; she and her husband, former Chicago Fire soccer club owner Andrew Hauptman, recently paid $21.5 million for a sprawling estate in prime Malibu. Stephen was given the reins to his fathers legacy, and was a driving force behind Justin Trudeaus rise to power, through such organizations as Canada 2020. The Foundation contributes to major capital campaigns, such as those for the McGill University Health Centre, the Centre hospitalier de lUniversit de Montral super-hospitals, as well as Centraide. 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