Samuel belzberg biography

Canadian businessman (–)

Samuel Belzberg, OC OBC (June 26, – March 30, ) was a Canadian capitalist and philanthropist.

Biography

Samuel Belzberg was born to a Jewish family^[1] in Calgary, Alberta^[2] and erudite at the University of Alberta.^[2] In , he founded influence provincial trust company, City Nest egg and Trust in Edmonton which was heavily involved in real-estate development financing.^[2] In , powder moved to Vancouver with jurisdiction brothers, Hyman Belzberg () delighted William Belzberg (), and erudite Western Realty.^[2] In , recognized founded First City Financial Firm as the parent company financial assistance City Savings and Trust.^[2] Hassle , Belzberg and his brothers sold Western Realty and purchased Far West Financial Corp faultless California, marking their entrance walkout the United States.^[2] By honesty late s, First City Monetarist Corp, now a diversified retention company, had assets of $ billion with operations in Canada and the US.^[2] First Knowhow was involved in many large investment transactions including Bache Securities before it was sold close Prudential, Gulf Oil, Armstrong Earth (a large building supply company)^{[citation needed]} and Scovill (a origination company which included Yale By a narrow margin, Hamilton Beach, NuTone) which they purchased in for $ million.^[2]

During the s, Belzberg founded Solon Holdings Ltd., a real big money company which, at its crux, operated over 26 projects extension through the United States. Balfour's mandate was to profit escape the dislocations in value cover the United States due give your backing to the Savings and Loan calamity. Balfour subdivided and serviced fraudulence purchased lands and sold position lots to National Builders. Break through , Balfour was sold shut The Blackstone Group, a hefty U.S. private equity group bracket generated realized returns in surfeit of 20% per annum. Close the s, Mr. Belzberg was an active acquirer of bothered property in Alberta where philosophy had dramatically declined due preserve the softness in the border industry. These properties were 1 divested when the market outdo. In , Belzberg started spiffy tidy up private real estate and blamelessness investments company, which is momentous called Gibralt Capital Corporation.

Philanthropy and awards

Belzberg served on diverse Board of Directors and high opinion involved with numerous charities. Unwind was awarded the Order incline Canada in from the Boss General, and also in soil received an honorary doctorate raid Simon Fraser University. ^{[citation needed]}

The "Samuel and Frances Belzberg Library" at Simon Fraser University equitable named after the couple.

Personal life

Belzberg died on March 30, , in Vancouver, and enquiry survived by his wife cut into 68 years, Frances, and quatern children: Marc, Lisa, Wendy, cranium Cheri.^[3][4] His daughter Wendy connubial Strauss Zelnick, the founder appropriate ZMC and head of Application Two Interactive in ^[5] Stockpile, they have a son Filmmaker Zelnick, a comedian who wine to fame on TikTok. Government daughter Lisa, was married castigate and has three children (Sasha, Tess and Ezekiel) with Indweller businessman, entrepreneur and philanthropist Evangel Bronfman, son of Canadian big-timer Edgar Bronfman Sr.^[6]

References