Gerald Schwartz

About Gerald Schwartz

Birth Day: November 24, 1941
Birth Place: Toronto, Canada, Canada
Birth Sign: Sagittarius
Residence: Toronto, Ontario
Alma mater: University of Manitoba Harvard University
Spouse(s): Heather Reisman (1982–present)
Children: 4

Gerald Schwartz Net Worth

Gerald Schwartz was bornon November 24, 1941 in Toronto, Canada, Canada. 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.
Gerald Schwartz is a member of Finance and Investments

💰 Net worth: $1.72 Billion (Updated at 22 June 2018)

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

Some Gerald Schwartz images

Biography/Timeline

1970

In the 1970s, Schwartz worked at Bear Stearns. In 1976, his mentor Jerome Kohlberg, Jr. left, followed by Henry Kravis and George Roberts. The trio later founded Kohlberg Kravis Roberts. Schwartz left Bear Stearns shortly afterward and returned to Canada. Along with Izzy Asper, Schwartz co-founded CanWest Global Communications in 1977.

1982

In 1982, Schwartz married Heather Reisman, Chief Executive of Indigo Books and Music. Schwartz has two children from his first marriage and two stepchildren from his marriage to Heather Reisman. The couple are members of the Reform synagogue, Holy Blossom Temple in Toronto. Schwartz and Reisman own the most expensive house in Toronto, valued at $28 million.

1983

In 1983, Schwartz founded Onex Corporation. Serving as its CEO and majority shareholder, Schwartz grew the company into one of the largest in Canada.

1999

Schwartz has been a Director of Scotiabank since 1999. In 2015, Schwartz's net worth was estimated at $1.78 billion, making him the 26th wealthiest person in Canada. As of 2015, he was the highest paid CEO in Canada.

2005

In 2005, he and Reisman started a scholarship program for IDF lone Soldiers called the Heseg Foundation. In 2006, he made a donation to University of Waterloo for an exchange program between University of Waterloo and the University of Haifa.

2013

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