Gerald Schwartz’s profile picture

Gerald Schwartz

Gerald Schwartz’s profile picture
Net worth 2018: $1.78 Billion
Residence: Toronto, Canada
Country: Canada
BirthDay: 24 November 1941
Children: 4
Education: Master of Business Administration, Harvard University
BIOGRAPHY

Gerald Schwartz was bornon 24 November 1941 in Toronto, Canada, Canada. Gerald Schwartz is #1351 in List Billionaires People In The World. Gerald Schwartz runs Onex, one of Canada's largest private equity firms. He cut his teeth working with buyout legends Jerome Kohlberg, Henry Kravis and George Roberts at Bear Stearns in the 1970s. After the Americans left to start KKR in 1976, Schwartz went home to Canada and cofounded the media company CanWest. Six years later he started Onex, where he has quietly outperformed many of the vaunted American private equity shops. As chairman and CEO he manages Onex's $23 billion in assets. An honorary director at the Bank of Nova Scotia, Schwartz also serves as a director of bookstore chain Indigo Books & Music, which his wife, Heather Reisman, founded and continues to run. The couple owns homes in Toronto, Malibu, Nantucket and Palm Beach. Their HESEG Foundation provides full academic scholarships and living expenses to lone soldiers who travel to Israel to serve in the Israel Defense Forces.

NET WORTH STATISTIC
2011

$1 Billion

2012

$1 Billion

2013

$1.4 Billion

2014

$1.75 Billion

2015

$1.7 Billion

2016

$1.7 Billion

2017

$1.8 Billion

2018

$1.78 Billion

TIMELINE
2013

In 2013, Schwartz and Reisman donated $15 million to Mount Sinai Hospital in Toronto

2006

In 2006, he made a donation to University of Waterloo for an exchange program between University of Waterloo and the University of Haifa

2005

In 2005, he and Reisman started a scholarship program for IDF lone soldiers called the Heseg Foundation

1999

Schwartz has been a director of Scotiabank since 1999

1982

In 1982, Schwartz married Heather Reisman, Chief Executive of Indigo Books and Music

1978

78 billion, making him the 26th wealthiest person in Canada

1977

Along with Izzy Asper, Schwartz co-founded CanWest Global Communications in 1977

1941

Schwartz, OC (born 1941) is the founder, chairman and CEO of Onex Corporation

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