Pierre Karl Péladeau’s profile picture

Pierre Karl Péladeau

Pierre Karl Péladeau’s profile picture
Net worth 2018: $1.35 Billion
Residence: Montreal, Canada
Country: Canada
BirthDay: 16 October 1961
Sigh: Scorpio
Children: 3

Pierre Karl Péladeau was bornon 16 October 1961 in Montreal, Canada, Canada. Pierre Karl Péladeau is #1709 in List Billionaires People In The World. The largest shareholder in Quebecor, a media conglomerate that owns such titles as Le Journal de Montréal, Pierre Karl Peladeau spent 14 years as CEO before stepping down in 2013. The next year he successfully ran for office, but his foray into politics was short-lived: He resigned his post as leader of the separatist Parti Québécois in May 2016 and rejoined Quebecor in February. Shares rose 70% while Péladeau was away from the CEO's desk.


$1 Billion


$1.35 Billion

Pierre Karl Péladeau (born 16 October 1961) is a Canadian businessman and former politician. Péladeau was the Leader of the Opposition in the Quebec National Assembly from his election as leader of the Parti Québécois on 15 May 2015 until his resignation on 2 May 2016 for family reasons. He was also the MNA for Saint-Jérôme. Péladeau is the president and CEO of Quebecor Inc., Quebecor Media Inc. and Sun Media Corporation.Péladeau is the son of the Quebecor founder Pierre Péladeau, along with siblings Érik Péladeau, Anne-Marie Péladeau, Isabelle Péladeau, Simon-Pierre Péladeau, Esther Péladeau and Jean B. Péladeau. He was educated in Montreal and Paris, especially at Université Paris VIII. He did his CEGEP diploma at the Collège Jean-de-Brébeuf. He holds a degree in philosophy from Université du Québec à Montréal and a law degree from Université de Montréal.Péladeau joined his father’s management team at an early age. He is known to be confrontational with unions and has used lock-out tactics at least 14 times. He counts Brian Mulroney amongst his business associates. Péladeau sits on the boards of several Quebecor companies and is active in many charitable and cultural organizations. Quebecers identify him with his initials, PKP.Péladeau first started in acquisition and business development participating in the acquisition of BCE Publitech which made Quebecor the largest printer in Canada. He played a leading role in the acquisition of Maxwell Graphics which gave the company a significant presence in the U.S. market. He also was involved in the acquisition of Donohue Inc., one of North America's most efficient pulp and paper companies.Péladeau was appointed president of Quebecor Communications Inc. in 1991. This division included the company's main publishing assets and some distribution and retail operations.In 1994, Péladeau relocated to Paris to help his company's growth. As president of Quebecor Printing Europe he developed the new subsidiary through a series of acquisitions in France, the United Kingdom and Spain, building it into Europe's largest printer.In 1997, after the sudden death of his father, he returned to the Montreal head office to assume the position of executive vice president and chief operating officer of Quebecor Printing Inc. with overall responsibility for the company's worldwide operations.In 1998, Péladeau spearheaded the acquisition of Sun Media Corporation, making Quebecor the second largest newspaper chain in Canada.In 1999, he carried out the acquisition of World Color Press by Quebecor Printing Inc. The acquisition created Quebecor World Inc., one of the world's largest printers. Quebecor World had, at one time, operations in 17 countries on three continents and employs approximately 35,000 employees. In 1999 the board of directors of Quebecor Inc. named him president and CEO of the company.In 2000, he was responsible for the acquisition of the Vidéotron group, the largest cable TV operator in Quebec, and TVA, the largest French-language broadcaster in the country. Shortly afterwards all of the company's media properties were brought under one roof with the creation of Quebecor Media, currently one of the largest media operations in Canada. It is engaged in newspaper publishing (Sun Media Corporation), cable television, Internet access provider and local telephony (Vidéotron ltée), broadcasting (TVA Group Inc.), Web technology and integration (Nurun Inc.), Internet portals (Canoe Inc.), book and magazine publishing (Publicor and TVA Publications Inc.), retailing of books and entertainment products (Archambault Group Inc. and Le SuperClub Vidéotron ltée) and business telecommunications (Vidéotron Télécom ltée).In 2008, Quebecor World went bankrupt as the printing business collapsed. He allegedly resents the failure from the Royal Bank of Canada and the English Canadian business establishment to refinance.In March 2013, Péladeau announced he was stepping down as CEO of Québecor and was succeeded in May 2013 by Vidéotron's then-President Robert Depatie. Péladeau was to continue to work for the company in corporate strategy.On 15 May 2013, Péladeau was appointed by Pauline Marois to be chairman of the board of directors of Hydro-Québec, which is the largest hydroelectric producer and distributor in Canada. He resigned in March 2014 to pursue his political ambitions.Péladeau returned as Quebecor's CEO and President on February 16, 2017, with Brian Mulroney remaining as chairman.On 9 March 2014, Péladeau announced his candidacy for election as a star candidate for the Parti Québécois in the riding of Saint-Jérôme, which is contiguous with the Montreal exurb of the same name just north-east of Mirabel Airport. He was not previously known to be a sovereigntist, although with pronouncements such as the fact that he wants "Quebec to be a country" and that he is "in it for sovereignty" he promptly established himself as such. The federal government chose in early March not to comment on Péladeau’s decision to embrace the PQ and Quebec sovereignty. "We have no intention of getting involved in a provincial election," said Denis Lebel, federal Minister of Intergovernmental Affairs, and since October 2008 the Minister of Economic Development Agency of Canada for the Regions of Quebec in Stephen Harper's government.Quebec Liberal leader and Leader of the Opposition Philippe Couillard, as did Coalition Avenir Quebec leader François Legault, felt that if the PQ won another term, it would be a severe conflict of interest for the owner of half the media outlets in Quebec to be a government backbencher. Comparisons between Peladeau and Silvio Berlusconi have been seen. Peladeau had in 2010 refused to meet with John Gomery, president of the Conseil de presse du Quebec, over his withdrawal from the Conseil of two of Quebecor's newspapers, the Journal de Montréal and the Journal de Québec.Péladeau's selection alienated voters on several fronts. He had a reputation for being a union-buster due to his frequent use of lockouts, a significant liability both in a province that is 40 percent unionized and in a party that has long billed itself as a social democratic party. At the same time, his unabashed support for sovereigntism alienated many voters who did not want to vote on the sovereignty issue again. Indeed, according to The Globe and Mail, the PQ's poll numbers flatlined soon after Péladeau announced his candidacy and never recovered.Péladeau was narrowly elected with 37 percent of the vote. His first day at the National Assembly was on 26 May 2014, eight days after a bike accident in the Eastern Townships left him with four fractures.Following much speculation, Péladeau officially entered the Parti Québécois leadership race in November.Péladeau's wealth and status as principal shareholder of Québecor, the province's largest media firm, were leading issues during the campaign. Pierre Céré questioned if Péladeau was "buying himself a political party" shortly before dropping out of the race. The Péladeau campaign outspent the second place candidate, Alexandre Cloutier, by over five times, spending a total $415,000, with Cloutier spending $79,598.Péladeau's decision to spend $20,000 chartering a plane, a first for a Québec leadership election, caused Bernard Drainville to question whether Péladeau was using his wealth to an unfair advantage.On 15 May 2015, Peladeau was elected leader of the Parti Québécois with 57% of party votes.On 26 November 2015, he created controversy when he implied First Nations and other groups could negotiate secession from an independent Quebec. This went against his party's longstanding position that an independent Quebec's borders would remain the same. He later retracted his statement.He resigned his posts on 2 May 2016.Recently divorced, his new girlfriend is Lucie Laurier (Canadian actress). He was in a long-term relationship with Julie Snyder, which produced two children, Thomas (born 2005) and Romy (born 2009). Their separation was announced in December 2013, but the couple later reconciled and were married on 15 August 2015 in Quebec City, Quebec. They separated again in January 2016, less than five months after their marriage.He also has another child, Marie (born 2000), who was born of his previous union with Isabelle Hervet, a native of France.His girlfriend Marie-Christine Couture was discovered dead in October 2016 at her home in Montreal. Police theorize it was from suicide.
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