Jean Coutu & family
$3.7B
Born
May 29, 1927
Age
98
Source of Wealth
Drugstores
Residence
Montreal,
Citizenship
Canada
Marital Status
Married
Children
5
Education
- The billionaire in the white lab coat, Jean Coutu founded the Canadian drugstore chain that bears his name.
- In 2017 Coutu agreed to sell the publicly-traded company to European supermarket giant Metro for $4.5 billion in cash and stock.
- Son of a pediatrician, he opened his first pharmacy in 1969, offering low prices, good customer service and extended hours.
- Coutu, who was chief executive until 2002 and then again from 2005 to 2007, grew The Jean Coutu Group by acquiring many of his competitors.
- The company was once a leading shareholder of U.S. drug store operator Rite Aid but sold the last of its stake in 2013.
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