Barry Sherman was a Canadian businessman and philanthropist who was chairman and CEO of Apotex Inc. As per Forbes, He was the 12th-wealthiest Canadian who has a net worth of $3.2 billion at the time of his death. His tragic death is elaborated that it was murder but the police couldn’t found yet the murder and still in an investigation. Presently, the police said they had a “working theory” of the case and an “idea of what happened.” Let’s know more about him, his business and his tragic death through this article.
What is Barry Sherman famous for?
- A Canadian businessman and philanthropist who was chairman and CEO of Apotex Inc.
- The 12th-wealthiest Canadian with his net worth $3.2 billion until his death.
Where is Barry Sherman’s form?
Recalling his early life, Barry was born in Toronto, Ontario, Canada in the year of 1942. He holds Canadian citizenship and belongs to white ethnicity. Similarly, he was birth under the Sagittarius birth sign and faith in Jewish.
He was born to the Jewish family to Herbert Dick Sherman and Sara Sherman as a Bernard Charles Sherman. Information regarding his childhood details and siblings is yet to be disclosed.
Where is Barry Sherman go for education?
Concerning his education history, Barry attended the Forest Hill Collegiate Institute and graduated with top marks. He later entered the University of Toronto’s engineering science program at age 16. He graduated from the University of Toronto with the highest honors in his class and received the university’s Governor General’s Award for his thesis.
After that, He enrolled at the Massachusetts Institute of Technology to begin doctoral studies in engineering. In 1967, he completed a Ph.D. in astrophysics from MIT.
How Barry Sherman become a businessman?
- After completing his Ph.D., Barry purchased the Empire Group of Companies from the executor of the estate of his aunt and uncle, Beverley and Louis Lloyd Winter. He worked out a deal to swap shares with Empire’s largest customer that put it in control of the company.
- In 1970, he invested in New York’s Barr Laboratories with US-based partners, became its largest shareholder and served as Barr’s president.
- In January 1972, Barry and Ulster Limited sold Empire Laboratories to the Quebec-based Canadian operations of publicly traded International Chemical and Nuclear (ICN) of California, for 57,000 shares (Valeant Pharmaceuticals). This transaction voided his arrangement with the Winter estate.
- A year later, He started Apotex with a few former Empire Laboratories’ personnel; it was incorporated in 1974. This privately owned and his-controlled company claims to be Canada’s largest Canadian-owned pharmaceutical manufacturer.
- He also became involved in Nutraceutical manufacturing and other businesses, founding NION (National Institute of Nutrition) with Richard Kashenberg. He later sold the company to Schiff and continued to Apotex.
- For 15 years, He also partnered with Frank D’Angelo, a fruit-juice maker who was trying to branch out into other businesses. The two produced the Cheetah Power Surge energy drink and started Steelback Brewery; when D’Angelo Brands went bankrupt in 2007, Sherman lost CAN$100 million.
- He put his son in charge of the company, and continued backing D’Angelo’s next venture, filmmaking, even after D’Angelo was arrested on sexual assault and obstruction of justice charges, later dropped, in 2009.
- In the late 2010s, He worked with another man later convicted of fraud, Shaun Rootenberg. The two had been introduced by a mutual friend, Myron Gottlieb, co-founder of Cineplex Odeon, who had met Rootenberg in prison following his conviction for fraud in the collapse of Livent.
- By 2016, Apotex employed over 10,000 people as one of Canada’s largest drug manufacturers, with over 260 products selling in over 115 countries. Revenues were about $1.5 billion annually.
- At the time of his death, He legally registered as a lobbyist was under investigation because of a fundraiser he had held for Justin Trudeau in April 2015, allegedly contrary to Canada’s lobbying rules. He filed a lawsuit in May 2016, attempting to quash the investigation before it was finished, a legally unprecedented move in Canadian history.
Who is Barry Sherman married to?
Reflecting on her personal life, Barry was married to his wife Honey Sherman in 1971. Together, the pair proud to be four children until their death. They are a son named Jonathon, and three daughters named Lauren, Alexandra, and Kaelen. The information regarding how and where the pair married is yet to be disclosed. Similarly, the pair lives blissfully in North York, Ontario, Canada with their children until their death.
How does Barry Sherman die?
As per local police of North York, Toronto, they were called to Barry’s home on 15th December 2017, where they discovered the bodies of him and his wife, hanging side by side next to their indoor pool.
The deaths were treated as “suspicious” and the Toronto Police Service Homicide Squad took the lead in the investigation because it was “most experienced in dealing with sudden unexpected deaths”.
Post-mortem examinations showed the cause of both deaths was “ligature neck compression”, which is ligature strangulation caused by binding or tying. Ligature strangulation is usually distinguished from hanging by the strangling force being something other than the person’s body weight.
In January 2018, the Toronto Star published an exclusive report based on anonymous sources from the family’s investigation team who said that the deaths were murders: the couple was strangled by belts after their hands were tied. These investigators had not yet gained access to his home. By October 2018, police had obtained 37 warrants related to the investigation. On April 25th, 2019, the Toronto Police said they had a “working theory” of the case, and an “idea of what happened.”
How much is Barry Sherman’s worth?
Being a businessman and philanthropist, Barry earns the sum of a huge amount of money and popularity through his profession. Based on some online reports, his estimated net worth said to be $3.2 billion at the time of his death. However, his salary is yet to be disclosed.
How tall is Barry Sherman?
Before his death, Barry has a decent height and weight with brown eyes and black hair color. His other body information is yet to be disclosed. In the case of disclosed, we will let you know.
Leave a Reply