Gerald Schwartz Net Worth $1.4 Billion
With his estimated net worth of $1.4 billion, Schwartz is the 24th richest individual in Canada and the 1031st in the list of World Billionaires. Schwartz accumulated his earnings as the co-founder of CanWest Global Communications Inc., and the creator of the buy out business, Onex Corporation, in 1983. In 2011, Gerald Schwartz has earned more than $60 million pretax dependent on the company’s fiscal records. His bundle has increased to $400 million from the prior year due to the rise in the price of his shares in Onex where he possesses nearly 20% of the business. This made him one of Canada’s highest compensated executives. In May 2012, Onex was reportedly working on a deal to start a brand new casino. In November of exactly the same year, it had also struck an agreement to buy USI Insurance Services from a unit of Goldman Sachs for $2.3 billion. Schwartz is an honorary director of the Bank of Nova Scotia. Schwartz additionally serves as a director of Indigo Books & Music where his wife, Heather Reisman, serves as the CEO. His wife was an awardee of the Ernst & Young Entrepreneur of the Year 2005 Ontario Lifetime Achievement Award.