Chrystia Freeland. Instead, White two years ago invested in Sudbury. He's Montreal's point man in the unusual proposal to split the Tampa Bay Rays home games between the two cities. KARL MOORE - This is Karl Moore talking management for the Globe and Mail. 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. It took less than a day for Trudeau to state that the CRA had looked into Bronfmans case and found no problems. The next issue of Financial Post Top Stories will soon be in your inbox. 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. Stephen, a trust fund kid raised in Montreal, attended Williams College in Williamstown, Massachusetts. The sale states that she will become a non-resident of Canada. Charles Bronfmans money was instrumental in founding Canada 2020. Stephen Bronfman and Justin Trudeau are childhood friends. Stephen Bronfmans first deal made through Claridge was Canadian Broadcasting Assets, Canadian brewer Labatt, which included sports networks. The criteria for projects that will be considered for funding is, therefore, broad. In 2003, she founded AIDA: The Association for Israels Decorative Arts, a vehicle designed to expose Israeli artists to North American galleries and collectors, as well as to educate North Americans about decorative arts in Israel. Most of the Bronfman family have left Montreal. Get our stories by email. While schools, synagogues and other organizations are an integral part of this dialogue, Gold hopes Gen J will attract the grassroots, people who are not normally engaged in the community structures. The Bronfman name may not be well known in these parts, but the family has a long and storied history in Canada, dating to when the clan fled the anti-Semitic pogroms in Moldova in 1889. Their Montreal home sold for more than $3.3 million. SNC-Lavalin corruption trial could prove more scandalous than Wilson-Raybould affair. Terrible. Of course, Trudeau publicly denies that his office ever discussed the SNC Lavalin case with Stephen Bronfman, although SNC Lavalin happened to make illegal donations to Liberal Party. One Paradise Papers document shows that as late as 2005, the borrower the Kolber Trust still owed Claridge Israel more than $7 million. Could it affect another? We have connected. He asks his assistant to show me photos of the couple on his mobile phone. He is the Co-Founder of Birthright Israel, a highly regarded program created as a gift from one generation to the next, providing an educational travel experience to Israel for young Jewish adults. I need Montreal! In 2010 Igtet founded the Independent Libya Foundation (ILF), an organization supporting the fledgling rebel movement. It's a bit more of a testament to him and I don't really know if that is giving back but it's a start! Charles Bronfman established The Andrea M. Bronfman Prize for the Arts (The Andy) to honor his wifes life-long passion for and support of the arts, and to create a showcase for Israeli decorative artists. There were reports of an arrangement with gangster Meyer Lansky and never proven rumors of a connection to Al Capone. Help us change the world. Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. Its about continuity and creativity, which are vital to the Montreal Jewish community. She derived much of that energy from the young people whom she made it her purpose to serve.. 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 Foundation is a flow-through, meaning that it has no assets. He moved smoothly between English and French, in a city where that matters. The partnership with La Caisse fits perfectly in our common strategic and patient investment philosophy.. SB - Due diligence, due diligence, lot's of due diligence! In her capacity as National Co-Chair of the Canadian Friends of Beth Hatefutsoth, Andy Bronfman created and directed a national cultural project, A Coat of Many Colours: Two Centuries of Jewish Life in Canada, a major traveling exhibition with a companion book and film. 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. The Posthaste newsletter has all the breaking business news and market signals you need, The Posthaste newsletter the business news you need, The triumphs and defeats of the Bronfman who carved his own path, Death of the balcony: Why an outdoor space of one's own may soon be a luxury in condoland, The CRA generally lets you claim family medical expenses not this time, We are very clearly in an energy supply crisis Eric Nuttall sees return of triple-digit oil prices, China has lost 41 million workers almost the size of Germanys workforce in 3 years, 'Panic station at Fox News': How the Murdochs agonized over Trump's election loss. Federation president Marc Gold describes Gen J as an investment in the future of the Montreal Jewish community. Stephen is the Executive This is real, Bronfman told me late Thursday afternoon on TSN 690 Radio. Stephen Bronfman, heir to the Seagram fortune, who was instrumental in Trudeaus successful bid for the leadership of the Canadian Liberal party in 2013 and the 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. KM - This has been Karl Moore talking Management for the Globe and Mail today with Stephen Bronfman from Montreal. In 2007, Andrew Hauptman through Andell paid $35 million for the Chicago Fire professional soccer club, which he subsequently built into a $400 million franchise. Create an account or sign in to continue with your reading experience. Trudeau then told reporters he was satisfied with Bronfmans response and that all rules were followed. It's tough to learn the word "no" but I have over some time and I stay within, like any business you take your business model and your business is focused, so your philanthropic side of life has to be focused as well. The elder Bronfman sold his shares in the team in 1991. I feel an honour and I feel almost like this is where I have to be. They will be investing hundreds of millions of dollars in the technology and innovation sectors. Pinewood is the single worst investment I have made in Comweb (Bronfmans holding company) in 28 years, he says. Bronfman, who sits on four industry boards, says Vancouvers film industry is far ahead of Toronto. . In 2017, Stephen Bronfman in the Paradise Papers indicated Liberal fundraiser Stephen Bronfman was linked to offshore Cayman Islands trusts. 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. She gave birth to two little future demons, Sara and Clare Bronfman. 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. If you are a Home delivery print subscriber, unlimited online access is. Stephen joined his father Charles private equity firm, Stephen Bronfmans first deal made through Claridge was Canadian Broadcasting Assets, Canadian brewer Labatt, which included sports networks. Get the latest scoop directly in your inbox. Bronfman is closer to that dream than ever. 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. Contact Graham Brink at gbrink@tampabay.com. 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. La Caisse de Dpt et Placement du Qubec, which is one of Canadas biggest institutional fund managers and has some $215 billion in assets, said it was teaming up with Claridge as the kind of local partner it is looking for as it establishes a presence in high-growth countries.. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. He purchased the long time Bronfman family home, in Westmount Montreal, renovating to make it a greener home. Bronfman is adding to his family's wealth. 2016 The Andrea & Charles Bronfman Philanthropies, Inc. All right reserved. Whether hes speaking to a parliamentary committee about the vitality of our domestic product, or to the Premier about the importance of our tax credits, he doesnt pull punches, says Jim Mirkopoulos, whose family owns Cinespace Studios in Toronto and Chicago. Today I am talking to Stephen Bronfman, who is a CEO of Claridge Investments Inc. and from a very well-known family here in Canada. SNC Lavalin has decided on a corruption trial in relation to accusations of money laundering and bribes from 2001-2011 with Ghaddafi. Following a 50-year career with The Seagram Company Limited, he retired in 2001 as Co-Chairman. Mr. Bronfman has spent much of his life as an active businessman. 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. And I think the way I am, and the way I lived my life I was on the road a lot as a younger person, so I don't think I could have been the father that I am now. Outdoor amenities are plentiful and include a full-size sports court, grassy lawns, a putting green, mature olive and magnolia trees, formal gardens, and a stone fountain built into the courtyard entrance. If you don't see it, please check your junk folder. He and a group of investors failed to keep the Expos in Montreal in the early 2000s. Sound familiar? 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. 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. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Stephen Bronfman, son of Charles and Brother to Ellen, was born and raised in Montreal. In 1999, he was appointed the first Chairman of United Jewish Communities, now the Jewish Federations of North America (JFNA). 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). 6,616 square feet, 5 bedrooms, 6 bathrooms, Ellen DeGeneres Buys Another Grand Old Montecito Estate, Reclusive Texas Billionaire Paid $45 Million for Paul Allens Beverly Hills Estate, Refined Estate in the Hills Sells to Fayed Family Member, Socialite Jamie Tisch Sends Sun-Drenched Sunset Strip Midcentury Back to Market, YouTuber Cody Ko Puts Snazzy Venice Compound Up for Sale, Reclusive Texas Billionaire Paid $45 Million for Paul Allen's Beverly Hills Estate, Waterfront Estate Across the Pond Is Awash in Regal Victorian Luxury, Reconstructed Thornton Abell Modern in Santa Monica Canyon Seeks $10.5 Million. He had some early successes and ascended to the top job in 1997. 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 worth to about $2.9 billion. So there is a sense that you were taught that there is an obligation that with great opportunity comes responsibility. WebStephen R Bronfman is Chairman at Claridge Inc. See Stephen R Bronfman's compensation, career history, education, & memberships. And Whites Toronto, we have never been this busy.. White has poached staff too, adding key talent as it returns to the film camera rental business, a unit it sold to Panavision in 2004. Headquartered in Montreal, the company became the largest producer and distributor of distilled spirits in the world. Was SNC Lavalin part of Sara and her husbands new plan for a liberated Libya? Or were they a liability to the Bronfmans? This is where I am comfortable. 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. Good afternoon Stephen. 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. I have a family and so hopefully we can have more Bronfmans in Montreal as we already do. Two prominent women enjoying time together included Christine Schwarzman, wife of American business magnate Stephen, and Rita Bronfman, wife of Charles from the Canadian Seagram dynasty. Still, Paul Bronfman carved his own path, first in rock music, then in a Vancouver film studio, and now in the movie equipment business. Being philosophical is the salvation.. Andell invests As Chairman of The Andrea and Charles Bronfman Philanthropies, Mr. Bronfman oversees a family of charitable foundations in Israel, Canada and the United States. New rules could make them more aggressive. She and Charles Bronfman were co-founders of birthright israel, a program offering 18-26 year-olds their first Jewish living and learning experience in Israel. 2023 Dirt.com, LLC. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Each brings a very different perspective to the issue of revitalizing the Montreal Jewish community. The firm also supplied the cranes and all-terrain camera cars that crews schlepped through Albertas Bow Valley to film The Revenant. I find this project as important as any within the realm of the federation or Combined Jewish Appeal. We need to broaden the way we conceive of the Jewish community if we are to remain vibrant, Gold said. Film and TV producers have lured away a number of Whites younger employees. What do you see as the legacy that you are trying to sustain as part of the Bronfman family? We encountered an issue signing you up. Now comes the hard work of crunching the numbers to see if the idea makes financial sense, and convincing the city, the province of Quebec and the residents that it's worth the risk. 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. The firm invested in artist tours by the Rolling Stones, Madonna, and Crosby, Stills, Nash and Young. They have three children, aged three, two and 10 months, and they think they can provide a role model for the modern Jewish couple from different backgrounds but desirous of living a traditional Jewish lifestyle. Rusty Staub was the team's best hitter. They have 4 kids. In just 6 years, almost 100,000 participants have benefited from this program. The Bronfmans established a complicated ownership structure with family trusts, much like the Trudeaus. 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. Stephen is equally committed to environmental, cultural and community cau Read More Contact Stephen Bronfman's Phone Number and Email Last Update 11/28/2022 8:19 AM Email s***@claridgeinc.com 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. "He's definitely a big fish is a medium sized pond.". His net worth has been growing significantly in 2021-2022. Andrea M. Bronfman inherited her love of Israel from her parents and her love of art from her mother. He returned to Montreal where he worked in the marketing department of the Montreal Expos, then owned by his late father. Humility could be an asset as the two sides sort out how to share a baseball team. [5] After the divorce she decided to stay on in Paris, living and working alone in a studio on her art and sculpting. Hes in remarkably good spirits, Lukas adds. All Rights Reserved. Send us a tip using our anonymous form. Coincidentally, Sara Bronfman became passionately involved in Libya, having visited the eastern city of Benghazi for what she calls "a few very intense days" in November 2011. Bronfman has described himself as an optimist. Stephen attended Trudeaus wedding, and the Trudeaus have been Bronfmans guest at the, Charles Bronfmans money was instrumental in founding. 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. He feels there is momentum behind baseball returning to Montreal, whether it be the Rays deal or another one. They will be investing hundreds of millions of dollars in the technology and innovation sectors. 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. Claridge had been investing in Israel since the 1980s and had a good run buying and selling stakes in Teva Pharmaceuticals and Osem. And again, we have been so tied to the city through my dad, through my grandfather Sam and what he did with Seagram, and my dad bringing the Expo's to town and I, unfortunately, watching them leave town subsequently with great pain; it's not that we didn't try. We ask you to keep your comments relevant and respectful. Why Rays Drew Rasmussen will slow down this spring. 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. Though the house appears rather squat from the outside, the interiors boast high ceilings and a properly airy beach vibe, with big windows and foldaway glass doors drinking in the A+ views. "Montreal is a city with four million people, but the Bronfmans don't get lost in the noise," Moore said. Subscribe to our free Business by the Bay newsletter. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. It came a bit later in life for you, that sense of rootedness of your own personal family. In April, Clare Bronfman pleaded guilty for her role in a bizarre sex-trafficking conspiracy involving NXIVM. Washington, D.C. 20036 USA. 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. With zero return from nine years. The bedroom opens to a covered lanai, equipped with its own fireplace, that overlooks the backyard swimming pool and the ocean beyond. Eventually he finds critical acclaim and collaborates with some of the biggest brands in the world. Of course, Bronfmans in attendence. Other Bronfman relatives, most notably Matthew Bronfman, Stevens cousin, have investments in Israel, including a stake in the food retailer Supersol and the Israeli franchise of the Swedish furniture chain Ikea. Outbidding Yitzhak Tshuva by $40 million, IDB paid $446 million for Claridges 35.4% holding. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. 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. Andrea Bronfman devoted much of her energies to fostering their interest in Jewish identity, community and meaning, both in North America and in Israel. Website by Studio/Laurie Fink, Following ones passions vs. honoring ones parents, Charles Bronfman Institute of Personalized Medicine, Inter-Agency Task Force on Israeli Arab Issues, Tel Aviv University, Institute for National Security Studies, Karev Program for Educational Involvement, University of Toronto, Chair in Israeli Studies. I have a small contingency fund where we give small grants to lots of needy areas. We are smoking. The 35s played an active role in alerting both the Canadian government and the public at large to the plight of Soviet Jewry. So his way of giving back, and he felt was a big philanthropic deed, was that he gave a million dollars to Jerusalem and built a gold Menorah and had it placed in the old city and it is there today. To put its size into context, its main competitor, Production Services, employs about 130. 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. SB - Well, we have always been very community minded and not just with the Jewish community. Caron: did the PM mislead the House or did Stephen Bronfman lie? 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. We will not have a grip clamp or a sandbag crossing the Ontario-Quebec border.. I have environment, I have youth education, and I have some of the Montreal institutional stuff and I stay within my means as well. For decades, the Bronfmans came to prominence within Canada as key fundraisers for the Liberal Party of Canada and filled cabinets with their Laurentian Elite friends. Students on Ice (SOI) has led educational expeditions to the Arctic and Antarctic. At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie.