Gerald Schwartz
Finance and Investments

Gerald Schwartz Net Worth

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Gerald Schwartz is a Canadian business magnate and philanthropist. He is the founder and CEO of Onex, one of Canada's largest private equity firms, and has an estimated net worth of $2.3 billion. Schwartz began his career at Bear Stearns in the 1970s, and after the Americans left to start KKR in 1976, he returned to Canada and cofounded the media company CanWest. In 1982, he started Onex, where he has since managed $23 billion in assets. Schwartz is also an honorary director at the Bank of Nova Scotia, and serves as a director of Indigo Books & Music, which his wife, Heather Reisman, founded and continues to run. The couple owns homes in Toronto, Malibu, Nantucket and Palm Beach, and 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

Age, Biography and Wiki

Birth Day November 24, 1941
Birth Place Toronto, Canada, Canada
Age 82 YEARS OLD
Birth Sign Sagittarius
Residence Toronto, Ontario
Alma mater University of Manitoba Harvard University
Spouse(s) Heather Reisman (1982–present)
Children 4

💰 Net worth: $1.2 Billion (2024)

Gerald Schwartz, a prominent figure in the field of finance and investments in Canada, is projected to have an astounding net worth of $1.2 billion by the year 2024. Through his exceptional business acumen and significant contributions to the financial sector, Schwartz has amassed a considerable fortune. As the founder and CEO of Onex Corporation, a leading private equity firm, he has successfully navigated the complex world of investments, undoubtedly solidifying his position among the wealthiest individuals in Canada. Gerald Schwartz's remarkable net worth is a testament to his remarkable achievements and expertise in the finance industry.

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

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.

Some Gerald Schwartz images

Tags 1940 births Living people Businesspeople from Toronto Businesspeople from Winnipeg Canadian billionaires Canadian company founders Canadian financiers Canadian investors Canadian Reform Jews Canadian mass media owners Canadian Zionists Directors of Scotiabank Harvard Business School alumni Officers of the Order of Canada Onex Corporation people Private equity and venture capital investors Canadian corporate directors Indigo Books and Music people Directors of Onex Corporation

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.