We need to broaden the way we conceive of the Jewish community if we are to remain vibrant, Gold said. I have a small contingency fund where we give small grants to lots of needy areas. He landed at Claridge, the boutique investment firm started by his father a few years earlier. 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. Of course, Bronfmans in attendence. She gave birth to two little future demons, Sara and Clare Bronfman. 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. We will not have a grip clamp or a sandbag crossing the Ontario-Quebec border.. 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. KM - The Bronfman name is very well known across Canada. The Bronfmans established a complicated ownership structure with family trusts, much like the Trudeaus. Well break down the latest business and consumer news and insights you need to know every Wednesday. Mr. Bronfman holds honorary degrees from universities located in Canada, the U.S. and Israel. It is not simply a new fund to which those with innovative projects are invited to apply, but more importantly, an open-ended process intended to encourage a community-wide discussion on how to make being a Jewish Montrealer meaningful to those under 30. We are asking young people to recreate the Jewish community in their image, Gold said. KM - Much of your family have moved down to the United States; millions of Canadians have done this. Contact Graham Brink at gbrink@tampabay.com. The Trudeau and Bronfman families have been friends for decades. My shares from 2007 today are worth 30 cents on the dollar. Each year, he leads partygoers in an AC/DC song. Dirt is a part of Penske Media Corporation. Stephen, a trust fund kid raised in Montreal, attended Williams College in Williamstown, Massachusetts. He also divorced his wife and, in 1975, Edgar married Rita Webb, the daughter of a barkeeper. Why did you wait till 40? In the backyard, a grassy lawn offers an in-ground trampoline, and below that a wooden staircase leads down the bluff to one of the best surf spots in all of Malibu. Andrea Bronfman was 60 years old. 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. 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. 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. 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. The True, Sinister Origin of Bronfman Family Wealth 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. White is hosting a party on the roof of the Bell Lightbox, a film complex in Toronto, and Bronfman is rehearsing. 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. 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. 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. Bronfman Pinewood Toronto, meanwhile, is full and earning money, but not for Bronfman. Our participation in Claridge CDPQ Israel gives la Caisse access to a globally-recognized hub for innovation. SNC Lavalin has decided on a corruption trial in relation to accusations of money laundering and bribes from 2001-2011 with Ghaddafi. I suppose the geology degree came in handy for future dealings.". The Andrea and Charles Bronfman Philanthropies :: Founders - ACBP Subscribe to our free Business by the Bay newsletter. The next issue of Financial Post Top Stories will soon be in your inbox. 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. He is expected to leave his current job as a vice president and head of mergers and acquisitions at Leumi Partners, the investment arm of Bank Leumi, and begin forming a management team shortly. Known to friends and colleagues as Andy, Mrs. Bronfman also served as Founder and Deputy Chairman of The Gift of New York, a non-profit initiative which provided admission to New York Citys cultural, arts, entertainment and sports venues, without charge, to the bereaved families of the 9/11 terrorist attacks. The Expos came back to defeat the St. Louis Cardinals 8-7. The grandchildren of wealthy patriarchs often give or fritter away the family money, Moore said. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. In 1999 the company, renamed Netstar, was sold to Canadian broadcaster CTV which, 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. 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. They will be investing hundreds of millions of dollars in the technology and innovation sectors. Oded Tal, an attorney who worked as a senior manager at Claridge for eight years, will manage the Israeli operations for the new venture. All rights reserved. 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. Lebouthillier: CRA is undertaking almost 1000 audits, and are working on tax system for all Canadians #hw, CBC Politics (@CBCPolitics) November 23, 2017. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. He also praises the new woman in his life. [10] Beautiful city, beautiful women, great restaurants, and ashit-ass place to make movies. MONTREAL Stephen Bronfman and his wife Claudine are determined that their three young children will grow up proud to be Jewish and comfortable making 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. This advertisement has not loaded yet, but your article continues below. Bronfman has had some setbacks. Claridge had been investing in Israel since the 1980s and had a good run buying and selling stakes in Teva Pharmaceuticals and Osem. 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. He speaks excitedly of his new girlfriend, workout routine, recent Atlantic crossing on the Queen Mary 2, new hobby skydiving and, oh yeah, his companys great good fortune in supplying equipment to Canadas fast-growing film and television industry. 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 am doing my part to be involved with our local community, but as well to support the infrastructure of Montreal. 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. Stephen Bronfman's father, Charles, was the Expos first owner, giving the son a close-up view of the team during the early years. "I began to realize that the stuff done before me was pretty important and interesting," he told Forbes magazine. [6] [7] [8] [9] The couple divorced in 1954. With her husband, Bronfman Hauptman founded Andell Holdings, a private family office that has diversified holdings, including ownership stakes in apartment Stephen Bronfman and Justin Trudeau are childhood friends. Bronfman said he's hopeful but realistic. Explore my Research, News Articles, and Digs. 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. 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. It seems at first a cruel irony that one of the linchpins of Canadas motion picture industry is a man who can hardly move at all. So far, they seem to be on the same wavelength about where the deal goes from here. Edgar Miles Bronfman, Jr A member of the Bronfman family, a prominent Quebec family, he is the son of billionaire Charles Bronfman and grandson of Samuel Bronfman and Saidye Rosner Bronfman. I feel an honour to be here and to keep the name going. Its about continuity and creativity, which are vital to the Montreal Jewish community. The fact that Stephen stayed and prospered has bolstered his credibility with the community, Moore said. It allocates about $5-million annually to select projects related to the environment, culture, entrepreneurship, Jewish identity, Israel advocacy, with a focus on Quebec and Montreal. Her commitment to human rights and fundamental freedom led her to found the Group of 35 Montreal Womens Campaign for Soviet Jewry. Amal Elsana Alhjooj, a Bedouin peace activist and director of a McGill program for human rights, is alarmed by new Israeli political landscape, Ben Carr hopes to follow in the footsteps of his late father, Jim, by seeking the Liberal nomination in his Winnipeg riding, Can the people of Thornhill be taught to coexist with coyotes? At the Wednesday news conference, Bronfman looked tanned and fit, dressed in a navy blue jacket, light blue shirt and no tie. KM - You got married when you were 40 and you have three small kids under four. It came a bit later in life for you, that sense of rootedness of your own personal family. Charles Bronfman, son of Seagrams founder Sam, at home nr. 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. The Bronfman family has pulled Canadas Political Strings decade after decade since the 1920's. 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. Haaretz.com, the online English edition of Haaretz Newspaper in Israel, gives you breaking news, analyses and opinions about Israel, the Middle East and the Jewish World. He purchased the long time Bronfman family home, in Westmount Montreal, renovating to make it a greener home. In 2003, she and her husband, Charles, were named honorary citizens of Jerusalem, the first North American Jews and the first couple to receive this historic honor. NXIVM, Stephen Bronfman and the Canadian Connection. The following afternoon at the Governor Generals residence, he became a Member of the Queen's Privy Council for Canada and later that evening was elevated to Companion of the Order of Canada, that countrys highest civilian honor. After graduating from Williams College in Massachusetts in 1986, he worked in the Expos' marketing department for a short time. 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.. They head up a diverse cabinet that will brainstorm on the communitys future, and they intend to go out and meet with young people to canvas their ideas on how Jewish life here can be made more relevant to them. The Foundation is a flow-through, meaning that it has no assets. In 1999 the company, renamed Netstar, was sold to Canadian broadcaster CTV which gained 90% profit. If your name is Bronfman, its very difficult not to do well, says competitor Peter Lukas, founder and owner of Showline Studios in Toronto, presently home to the TV show Big Brother. It was also important to the couple to work on a project together. SB - Focus is tough! 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. The criteria for projects that will be considered for funding is, therefore, broad. The Expos played their first home game on a Monday afternoon in April 1969. Could it affect another? In fact, while Bronfman is philosophical about MS, he is downright bitter when he speaks of Montreal. 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. 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. This article was published more than 13 years ago. Gila Martow is on the case, A group of survivors in Toronto contributed to the process of restoring a Torah scroll hidden during the Holocaust. 1 all the time, coddled and catered to like some members of the business elite. 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 organization also has a relationship with, Stephen Bronfmans Foundation has also partnered with. Stephen Bronfman was the Chair for Centraide. I'm involved with all kinds of parts that I think make the fabric of Montreal very, very important. Stephen and Claudine Bronfman. Subscribe now to read the latest news in your city and across Canada. After the game, Stephen's father "had to struggle through a back-slapping crowd to reach his car," the Montreal Gazette reported. Stephen Bronfman was a young boy when the Expos first arrived in Montreal. Attendance averaged just under 15,000 a game, middle of the pack among the 12 National League teams. He says Ontario must promise not to make any surprise adjustments to its tax credit rate, and loan money to new film studios. He doesn't seek the spotlight, but it doesn't scare him either, said Karl Moore, a radio host and associate professor at Montreal's McGill University, who has known Bronfman for about 15 years. 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. Of course, Bronfmans in attendence. Canadian family is teaming up with fund manager to take stake in innovative companies. Stephen Bronfman - Chairman of Claridge I.. - Claridge | ZoomInfo 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." Workers were still shoveling snow and bolting in the seats as fans arrived, according to television news reports. Will His AI Plans Be Any Different? 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. On campus, theres a Samuel Bronfman building, and annual fellowship awards presented by Stephen Bronfman and his wife Claudine. Bronfman speaks enthusiastically about his three children, who all work in the film industry in Toronto. 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. Stephen Bronfman speaks to the media about the prospect of Major League Baseball returning to Montreal. Sound familiar? That being said, I am committed to this projects success. As the only daughter of Canadian multibillionaire Charles Bronfman, longtime L.A. resident Bronfman Hauptman was born into a family that has been called the perhaps the single largest force in the Jewish charitable world, though they are probably still best-known for their ownership of Seagram, the now-defunct liquor giant that was the worlds top producer of alcoholic beverages in the 1990s. Create an account or sign in to continue with your reading experience. In 2006, Stephen's father's second wife died after a car hit her in New York City. It was discovered Stephen Bronfman employed SNC Lavalin CEOs wife Emma Griffen. But it lost more than 30% on its investment in Koor. 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. If you enjoyed the crazy camera angles in Suicide Squad, shot in Toronto, thank Whites technocranes. . 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 So I think Montreal, I don't want to sound cocky, but I think Montreal needs me. Stephen Bronfman Bronfman They will be investing hundreds of millions of dollars in the technology and innovation sectors. It's why he's so excited about the Rays deal. WebCharles Bronfman, son of Seagrams founder Sam, w. Wife Barbara & 2-1/2 yr. Old son Stephen at home nr.