Bruce Flatt’s profile picture

Bruce Flatt

Bruce Flatt’s profile picture
Net worth 2018: $1.33 Billion
Residence: Toronto, Canada
Country: Canada
Education: B.Com, University of Manitoba
BIOGRAPHY

Bruce Flatt was born in Toronto, Canada, Canada. Bruce Flatt is #1696 in List Billionaires People In The World. Bruce Flatt, CEO of Brookfield Asset Management, is one of the biggest and best investors you've likely never heard of. A Winnipeg, Manitoba-native, Flatt began his investing career at Canadian conglomerate Brascan, once a major investor in Labatt's Beer and the Toronto Blue Jays until it nearly collapsed in the early 1990s. He helped revive the company through a series of savvy real estate deals including the takeover of Olympia & York in 1996. Flatt became CEO in 2002 and refashioned Brascan into Brookfield Asset Management, now the world's biggest real estate manager and a leading investor in infrastructure, renewable energy and private equity with over $240 billion in assets. A patient contrarian by nature, Flatt's winning deals include the recapitalization of mall operator General Growth Properties in 2010 and the acquisition of London's 96-acre Canary Wharf development in 2015. Brookfield Asset Management's stock has risen a compounded annual 19% over the past 15 years.

NET WORTH STATISTIC
2017

$1.3 Billion

2018

$1.33 Billion

TIMELINE
2017

In April 2017, the company announced an agreement to purchase 100% of the gas station operations of Loblaw Companies, Canada’s largest retailer

2016

In June 2016, Brookfield completed the spin-off of Brookfield Business Partners, the primary public vehicle through which Brookfield will own and operate the business services and industrial operations of its private equity group

2015

In August, 2015, Brookfield Infrastructure bid approximately $6

2014

In March 2014, Brookfield Renewable Energy acquired a portfolio of Irish wind farms for $680 million as part of a privatization by the Irish government

2013

In August 2013, Brookfield Property Partners, acquired Industrial Developments International, an Atlanta-based owner of distribution facilities, from Japanese construction company Kajima Corp

2012

In December, 2012, Brookfield Renewable Energy Partners agreed to acquire a portfolio of 19 hydroelectric power stations in Maine from Nextera Energy Resources LLC for $760 million

2011

In 2011, the company increased its share of General Growth Properties to 38%

2010

The allegations were made by Daniela Gonzalez, the former chief financial officer of a Brookfield subsidiary in Brazil, who was fired by Brookfield in 2010

2008

In a process supervised by the Alberta courts, PricewaterhouseCoopers (PwC) was appointed receiver of Birch Mountain Resources in November 2008 after Birch Mountain had defaulted on its debts

2007

Brookfield purchased the companies in 2007 with $1 billion of equity

2005

In 2005, the company changed its name to Brookfield Asset Management (BAM)

2002

Flatt was appointed to this position in February 2002 after having served as chief executive officer of Brookfield Properties since 2000

1969

In 1969 Brazilian Light and Power Company Limited changes its name to Brascan Limited (BL)In 1979 the company's Brazilian assets were transferred to Brazilian ownership (e

1966

In 1966 Brazilian Traction, Light and Power Company Limited changed its name to Brazilian Light and Power Company Limited

1916

In 1916 Great Lakes Power Company Limited was incorporated to provide hydro-electric power in Sault Ste

1912

In 1912 Brazilian Traction, Light and Power Company Limited was incorporated in Toronto as a public company to develop hydro-electric power operations and other utility services in Brazil, becoming a holding company for the two previous companies

1904

")In 1904 the Rio de Janeiro Tramway, Light and Power Company was founded by Mackenzie's group

1899

In 1899 the São Paulo Railway, Light and Power Company was founded by William Mackenzie, Frederick Stark Pearson and others

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