Gerry Schwartz, a Canadian business magnate, investor, and philanthropist, has made a significant impact in the world of finance and entrepreneurship. Many people are curious how much his net worth is.
This article will delve into Gerry Schwartz net worth, career achievements, personal life, and answer some frequently asked questions about this remarkable individual.
Quick Facts
| Information | Details |
| Full Name | Gerry Schwartz |
| Popular Name | Gerry Schwartz |
| Gender | Male |
| Birth Date | November 24, 1941 |
| Age | 81 (as of 2023) |
| Parents | Andrew Osher Schwartz and Lillian Schwartz |
| Birth Place | Winnipeg, Manitoba |
| Nationality | Canadian |
| Education | Degree in commerce from the University of Manitoba, Law degree, MBA from Harvard University |
| Marital Status | Married |
| Wife/Spouse | Heather Reisman |
| Children | Two children with Heather Reisman, two children from a previous marriage |
| Dating | Not mentioned |
| Net Worth | $1.4 billion USD (as of 2023) |
| Source of Wealth | Investments, Business ventures, CEO of Onex Corporation |
What is Gerry Schwartz Net Worth and Salary in 2023?
As of 2023, Gerry Schwartz’s net worth stands at an impressive $1.4 billion USD. His wealth is a result of his astute investments and successful business ventures over the years. While his exact salary is not disclosed, it is evident that his financial prowess has contributed significantly to his net worth.
Why is Gerry Schwartz Famous?
Gerry Schwartz’s fame stems from his remarkable achievements in the business world. As the founder, chairman, and CEO of Onex Corporation, one of Canada’s largest private equity firms, Schwartz has played a pivotal role in turning around undervalued or mismanaged companies.
His ability to increase their assets and efficiency before selling them for profit has earned him a reputation as a long-term investor who creates value for shareholders.
Gerry Schwartz Biography Overview
Early Life
Gerry Schwartz was born on November 24, 1941, in Winnipeg, Manitoba. His parents, Andrew Osher Schwartz and Lillian Schwartz, instilled in him a strong work ethic from a young age.
At just 10 years old, Schwartz began working in his family’s car-parts dealership, gaining valuable experience in the business world.
Career and Awards
Gerry Schwartz is a prominent figure in the Canadian business landscape, best known as the founder, and chairman.
He initially worked at Bear Stearns, where he specialized in mergers and acquisitions. In 1977, he returned to Canada and co-founded CanWest Global Communications with Izzy Asper. However, his most significant venture began in 1983 when he founded Onex Corporation, one of Canada’s largest private equity firms.
Throughout his illustrious career, Schwartz has received numerous accolades. In 2004, he was inducted into the Canadian Business Hall of Fame.
The following year, he was awarded the Ernst & Young Entrepreneur Of The Year 2005 Ontario Lifetime Achievement award. His contributions to the Canadian business sector were further recognized in 2006 when he was appointed as an Officer of the Order of Canada.
- Onex Corporation: An investment manager founded in 1984, managing capital on behalf of shareholders, institutional investors, and high net worth clients around the world. As of September 30, 2022, Onex had approximately US$51 billion of assets under management.
- Canadian Business Hall of Fame: A prestigious honor bestowed upon business leaders who have made significant contributions to the development and advancement of business in Canada.
- Order of Canada: One of Canada’s highest civilian honors, recognizing outstanding achievement, dedication to the community, and service to the nation.
In recent news, Schwartz stepped down as the CEO of Onex Corporation in May 2023, marking the end of his nearly four-decade-long tenure.
The company’s succession plan was approved by shareholders, allowing Schwartz to maintain voting control until 2026. Bobby Le Blanc, who was promoted to president in 2020, replaced Schwartz as the CEO.
Apart from his business ventures, Schwartz is also known for his philanthropic efforts. Along with his wife, Reisman, he has donated millions to various causes, including a transformational $15 million gift to Mount Sinai Hospital and a $100 million donation to the University of Toronto to build a 750,000-square foot innovation center.
The couple also started a scholarship program for IDF lone soldiers called the Heseg Foundation.
Personal Life
In 1982, Gerry Schwartz married Heather Reisman, the founder and CEO of Indigo Books Music. The couple has two children together, and Schwartz has two children from his previous marriage.
They are known for their philanthropic endeavors, having established the Gerald Schwartz and Heather Reisman Foundation, which supports various charitable and arts organizations. They have also made significant donations to universities, hospitals, and Israeli organizations.
Social Media Accounts
As of now, there is no information available about Gerry Schwartz’s social media accounts.
FAQs about Gerry Schwartz
What is Gerry Schwartz’s net worth in 2023?
Gerry Schwartz’s net worth in 2023 is estimated to be $1.4 billion USD.
How old is Gerry Schwartz?
Gerry Schwartz is 81 years old as of 2023
Who is Gerry Schwartz married to?
Gerry Schwartz is married to Reisman, the founder and CEO of Indigo Books and Music.
Conclusion
In conclusion, Gerry Schwartz is a highly successful businessperson with a remarkable net worth. Through his dedication and expertise, he has achieved great financial success, making him a respected figure in the business world. Gerry Schwartz’s story serves as an inspiration to aspiring entrepreneurs and showcases the rewards that can come from hard work and strategic investments. Thank you for reading.
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