Marcel Adams’s profile picture

Marcel Adams

Founder, Iberville Development Limited
Marcel Adams’s profile picture
Net worth 2018: $1.69 Billion
Industry: Real Estate
Residence: Montreal, Canada
Country: Canada
BirthDay: 1920
Children: 4
BIOGRAPHY

Marcel Adams was bornon 1920 in Montreal, Canada, Canada, is Founder, Iberville Development Limited. Marcel Adams is #1371 in List Billionaires People In The World. One of Canada's most prolific real estate investors, Marcel Adams founded his Iberville Developments in 1958. Today the company owns and manages nearly 8 million square feet and more than 100 properties including shopping centers, offices, industrial properties and residences. Born in Romania in 1920 under the last name "Abramovich," Adams survived Holocaust labor camps during World War II before coming to Canada. He started working in the leather industry but began investing in local real estate by the mid 1950s. His son, Sylvan Adams, a "Giving Pledge" signatory who now lives in Israel, has since taken over the business. Though the family is immensely private, they made headlines in 2015 when whistleblowers revealed that they had more than $800 million secretly stashed in a Swiss bank account.

NET WORTH STATISTIC
2013

$1.1 Billion

2014

$1.1 Billion

2017

$1.5 Billion

2018

$1.69 Billion

TIMELINE
2017

As of 2017, Iberville owns and manages a diverse portfolio of over 100 properties consisting of 8 million square feet

1958

In 1958, he founded Iberville Developments and in 1959, he opened his first mall

1955

In 1955, he began investing in real estate making a 70% profit on his first building

1953

In 1953, he married Annie Adams; they have four children: Julian, Sylvan, Linda, and Leora

1951

In 1951, he immigrated to Canada where he worked at a Quebec City tannery

1941

During World War II he was forced to work in Nazi labor camps (1941-1944)

1920

Adams was born Marcel Abramovich to a Jewish family in Romania in 1920

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