Paul Desmarais Net Worth

Paul Desmarais Net Worth is
$4.3 Billion

Paul Desmarais Biography

$4.3 Billion: Paul Desmarais, Sr., Personal computer CC OQ (January 4, 1927 – October 8, 2013) was a Canadian financier and philanthropist, located in Montreal. With around family net worthy of of $US 4.5 billion (by March 2011), Desmarais was ranked by Forbes as the fourth wealthiest person in Canada and 235th in the world. He was Chairman and CEO of Power Company of Canada (PCC) until 1996 when he exceeded the reins of administration of Power Company to his sons, Paul Jr. and André. Then continued to provide as a Director and Chairman of the Executive Committee of the Panel and managing shareholder. Power Company of Canada can be a diversified worldwide management and holding business with interests in businesses in the financial solutions, communications and additional business sectors. Paul Desmarais was respectable for his regular of integrity and his dedication to a united and prosperous Canada.Desmarais was created in Sudbury, Ontario to attorney Jean-Noël Desmarais (3 Might 1897-?) and Lébéa Laforest (2 September 1899-?). The Desmarais family members can be originally from Quebec and descended from Paul Desmarais who shifted to Canada from Saint-Sauveur, France. Desmarais’ grandfather Noël Desmarais founded the city of Noëlville, Ontario, now area of the municipality of French River. Desmarais was wedded to Jacqueline Maranger, also from Sudbury. That they had two sons: Paul Jr. and André (who’s married to previous Canadian Primary Minister Jean Chrétien’s child France) and two daughters, Louise and Sophie. The Desmarais family members has a large family members estate in Sagard, Quebec, Canada between your villages of Saint-Siméon and Petit-Saguenay: Domaine Laforest. The region of the estate has ended 75 square kilometers. Desmarais also owns secondary homes in Palm Seaside, Florida and NY. Paul Desmarais net worthy of: Paul Desmarais Sr. was a Canadian financier who got a net worthy of of $4.5 billion. Paul Desmarais might not have already been as well-known as Warren Buffett, but his publicly-traded purchase holding company Power Corp. continues to be weighed against Buffett’s multinational conglomerate Berkshire Hathaway. The Canadian billionaire, who passed away in October 2013, chaired the business to the end, whereas his sons Andre and Paul, Jr. continue steadily to provide as co-CEOs. Today, the Montreal-centered Power Corp. and its own subsidiaries own such monetary services companies mainly because the mutual fund business Putnam Investments and insurance company Great-Life Westco, in addition to a talk about in Chinese conglomerate CITIC Pacific. Also, as well as Belgian billionaire trader Albert Frere, Power Corp. manages investments in a few of the Europe’s leading businesses like cement huge Lafarge, oil business Total and wine & spirits maker Pernod Ricard. Paul Desmarais Net Worth Paul Desmarais is a Canadian business owner whose business is directly involved with media, paper and pulp market along with in offering financial solutions. Currently, he acts as the principle Executive Officer at the energy Company of Canada. After graduating in university, Paul Desmarais Jr began operating at a Montreal accounting company and down the road, he worked well for Sudbury Bus Lines, a bankrupt railroad and bus range, constructed by his grandfather. Through time, he could acquire bus lines in Quebec Town and Ottawa. Today, he owns 15% of the Belgian holding business, Groupe Bruxelles Lambert which owns 3.7% of Total, a French oil conglomerate.

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Quick Facts

Full NamePaul Desmarais
Date Of BirthJanuary 4, 1927
DiedOctober 8, 2013, Sagard, Quebec, Canada
EducationUniversity of Ottawa, McGill University
SpouseJacqueline Desmarais
ChildrenAndré Desmarais, Paul Desmarais, Jr., Sophie Desmarais, Louise Desmarias
ParentsJacqueline Desmarais, Paul Desmarais
SiblingsJean Desmarais, Françoise Desmarais, Jeannine Desmarais, Louis Desmarais, Yolande Desmarais, Pierre Desmarais, Robert Desmarais


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