Rank #2246
Alan Zekelman
Net worth $1.9B
Steel · Canada
- Born
- Oct 01, 1962
- Age
- 63
- Source
- Steel
- Residence
- Bloomfield Hills, Michigan
- Citizenship
- Canada
- Marital status
- Children
- 0
- Education
- Master of Science, University of Rochester; Bachelor of Commerce, University of Toronto
Net worth over time
Biography
- Alan Zekelman owns a stake in his family's steel business, Zekelman Industries.
- The $3.3 billion (revenues) company is one of North America's largest steel pipe and tube makers.
- The company has also pumped more than $1 billion into Z Modular, a division that is developing modular apartment complexes in places such as Texas, Arizona and Canada.
- Alan and his brothers, fellow billionaires Barry Zekelman and Clayton Zekelman, split 100% ownership of Zekelman Industries.
- They sold the company to the Carlyle Group in 2006 for some $1.2 billion, but bought the business back in 2011.
- One of Zekelman Industries' subsidiaries, Atlas Tube, produced steel for stretches of the Mexican border wall in Arizona.