Bernard (Barry) Sherman’s profile picture

Bernard (Barry) Sherman

Chairman and CEO, Apotex
Bernard (Barry) Sherman’s profile picture
Net worth 2018: $3 Billion
Industry: Health care
Country: Canada
BirthDay: 2 February 1942
Sigh: Pisces
Died On: 15/12/2017
Children: 4
Education: Bachelor of Science in Engineering, University of Toronto; Doctorate, Massachusetts Institute of Technology; Master of Science, Massachusetts Institute of Technology
BIOGRAPHY

Bernard (Barry) Sherman was bornon 2 February 1942 in Canada, is Chairman and CEO, Apotex. Bernard "Barry" Sherman, the founder and chairman of generic pharmaceutical company Apotex, died on December 15, 2017 along with his wife, Honey. Their bodies were found inside their Toronto home, and police are reportedly investigating their deaths as suspicious. In 1974, armed with a doctorate in rocket science from MIT, Sherman used his mother's life savings to buy his uncle's drug company. Starting with two employees, he expanded the company to a workforce of over 10,000 making it one of Canada's largest pharmaceutical companies, selling over 260 generic drugs in more than 115 countries. Its medicines are used to fill over 89 million prescriptions a year in Canada alone, and annual global revenues are $1.5 billion. Apotex makes fine chemicals, non-prescription drugs and disposable plastics for medical use. Sherman stepped down as CEO in 2014 but remained chairman.

NET WORTH STATISTIC
2009

$2.5 Billion

2010

$3.8 Billion

2011

$2.9 Billion

2012

$3.7 Billion

2013

$3.7 Billion

2014

$3.9 Billion

2015

$3.9 Billion

2016

$4.9 Billion

2017

$3 Billion

2018

$3 Billion

TIMELINE
2018

On January 20, 2018, the Toronto Star published an exclusive report based on anonymous sources from the family's investigation team who said that the cause of death was murder: the couple was strangled by belts after their hands were tied

2017

Although there was no note left by the deceased, police sources told the Toronto Star on December 15 or 16, 2017, that they were "probing the possibility that they were a murder-suicide"

2016

Sherman filed a lawsuit in May 2016, attempting to quash the investigation

2015

At the time of his death, Sherman was under investigation because of a fundraiser he had held for Justin Trudeau in April 2015, allegedly contrary to Canada's lobbying rules

2012

2 billion at the time of his death, according to Forbes, Sherman was the 12th-wealthiest Canadian

2011

In 2011 the Winter children's estate sued Sherman and Royal Trust concerning the purchase of the corporate assets and brands from the Winter children's estate, alleging in court that Sherman and his partner never paid the royalties nor provided the promised equity in the businesses

2008

Today, Barr Laboratories' is a part of Teva Pharmaceutical Industries, the world's largest generic drug maker, following Teva's acquisition of Barr Pharmaceuticals in 2008

2007

As well, the Apotex Foundation had sent over $50 million worth of medicine to disaster zones since 2007

2000

As of 2000, he controlled about 33% of Barr Laboratories' stock

1977

77 billion (CAD), ranking him the 15th richest in Canada

1973

In 1973, Sherman started Apotex with a few former Empire Laboratories' personnel and he incorporated it in 1974

1972

In January 1972, Sherman and Ulster Limited sold Empire Laboratories to the Quebec-based Canadian operations of publicly traded International Chemical and Nuclear (ICN) of California, for 57,000 shares (Valeant Pharmaceuticals)

1971

Sherman married Honey Reich in 1971, a fellow University of Toronto graduate born in 1948 in Austria to Polish Holocaust survivors

1970

In 1970 he invested in New York's Barr Laboratories with US-based partners, became its largest shareholder and served as Barr's president

1967

In 1967, after completing his PhD, Sherman purchased the Empire Group of Companies from the executor of the estate of his aunt and uncle, Beverley and Louis Lloyd Winter, as both had died seventeen days apart in November 1965, leaving four orphaned young children: Paul Timothy, Jeffrey Andrew, Kerry Joel Dexter, and Dana Charles

1942

Bernard Charles "Barry" Sherman, CM (February 2, 1942 – December 15, 2017) was a Canadian businessman and philanthropist who was chairman and CEO of Apotex Inc

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