Rank #2495
Gerald Schwartz
Net worth $1.6B
Finance · Canada
- Born
- Nov 24, 1941
- Age
- 84
- Source
- Finance
- Residence
- Toronto
- Citizenship
- Canada
- Marital status
- Married
- Children
- 4
- Education
- Master of Business Administration, Harvard University
Net worth over time
Biography
- Gerald Schwartz is the founder and chairman of Onex, one of Canada's largest private equity firms, which he ran for 39 years before stepping down in May 2023.
- He got his start working with buyout legends Jerome Kohlberg, Henry Kravis and George Roberts at Bear Stearns in the 1970s.
- The Americans left to start KKR in 1976; Schwartz went home to Canada and cofounded the media company CanWest in 1977.
- In 1984 he started Onex, which now has $50 billion in assets under management and offices in London, Toronto and the U.S.
- Schwartz also serves as a director of bookstore chain Indigo Books & Music, which his wife, Heather Reisman, founded and runs.
- The couple's HESEG Foundation provides full academic scholarships and living expenses to lone soldiers who travel to Israel to serve in the Israel Defense Forces.
Financial assets
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