Paul Desmarais Net Worth

Paul Desmarais Net Worth is
$4.5 Billion

Paul Desmarais Biography

Paul Desmarais is a Canadian business owner whose business is directly involved with media, paper and pulp market and also 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 collection, constructed by his grandfather. Through time, he could acquire bus lines in Quebec Town and Ottawa.3 Billion: Paul Desmarais, Sr.7% of Total, a French oil conglomerate. The Desmarais family members is definitely originally from Quebec and descended from Paul Desmarais who relocated to Canada from Saint-Sauveur, France. was a Canadian financier who experienced a net well worth of $4.5 billion. Paul Desmarais might not have already been as well-known as Warren Buffett, but his publicly-traded expense 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., Personal computer CC OQ (January 4, 1927 – October 8, 2013) was a Canadian financier and philanthropist, located in Montreal. 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. Desmarais’ grandfather Noël Desmarais founded the city of Noëlville, Ontario, now section of the municipality of French River. 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 organization Total and wines & spirits maker Pernod Ricard. Paul Desmarais Net Well worth $4. Today, he owns 15% of the Belgian holding organization, Groupe Bruxelles Lambert which owns 3. continue steadily to provide as co-CEOs. With around family net well worth 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. Then continued to provide as a Director and Chairman of the Executive Committee of the Table and managing shareholder. and André. Power Company of Canada is definitely a diversified worldwide management and holding organization with interests in businesses in the financial solutions, additional business sectors and communications. Paul Desmarais was respectable for his regular of integrity and his dedication to a united and prosperous Canada. The region of the estate has ended 75 square kilometers.) and Lébéa Laforest (2 September 1899-?). Paul Desmarais net well worth: Paul Desmarais Sr. and its own subsidiaries own such monetary services companies mainly because the mutual fund organization Putnam Investments and insurance company Great-Life Westco, in addition to a talk about in Chinese conglomerate CITIC Pacific. 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 Louise, daughters and Sophie. Today, the Montreal-centered Power Corp.Desmarais was created in Sudbury, Ontario to attorney Jean-Noël Desmarais (3 Might 1897-? Desmarais also owns secondary homes in Palm Florida, Beach and NY.

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Quick Facts

Full NamePaul Desmarais
Net Worth$4.5 Billion
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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