Paul Desmarais Net Worth is$4.5 Billion
VN:F [1.9.22_1171]
deserves the money?
Rating: 1.0/5 (1 vote cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 1.0/5 (1 vote cast)
Profession: Businessperson

Date of Birth: Jan 4, 1927

Country: Canada

Paul Desmarais net worth: Paul Desmarais Sr. is a Canadian financier who has a net worth of $4.5 billion. Paul Desmarais may not be as well-known as Warren Buffett, but his publicly-traded investment holding firm Power Corp. is said to have many similarities with Buffett's multinational conglomerate Berkshire Hathaway. Paul's Montreal-based Power Corp. and its subsidiaries own financial services companies like the mutual fund company Putnam Investments and insurance firm Great-Life Westco, as well as a share in Chinese conglomerate CITIC Pacific. While together with Belgian billionaire investor Albert Frere, Power Corp. also manages investments in some of the Europe's leading companies like cement giant Lafarge, oil company Total and wine & spirits maker Pernod Ricard. The Canadian billionaire now only chairs the company active in the fields of mass media, pulp and paper and financial services, whereas his sons Andre and Paul, Jr. serve as co-CEOs.
Paul Desmarais, Sr., PC CC (born January 4, 1927, in Sudbury, Ontario) is a Canadian financier in Montreal. With an estimated net worth of $US 4.5 billion (as of March 2011), Desmarais was ranked by Forbes as the 4th wealthiest person in Canada and 235th in the world. He is CEO of the Power Corporation of Canada (PCC), a Canadian company active in the fields of mass media, pulp and paper and financial services.
Desmarais has two sons: Paul Jr. and AndrA(C) (who is married to former Canadian Prime Minister Jean ChrA(C)tien's daughter France) and two daughters, Sophie and Louise. Sophie Desmarais' ex-husband, Eric Le Moyne de SA(C)rigny, is involved in a political financing scandal in France known as the Bettencourt case widely covered by the French media. French President Nicolas Sarkozy came under fire after allegations that his presidential campaign was illegally funded by Liliane Bettencourt, L'OrA(C)al heiress and France's wealthiest woman. SA(C)rigny is close to French President Nicolas Sarkozy, heads numerous companies, and a member of the board of directors of Imerys, a mining company partially owned by a subsidiary of the Power Corporation of Canada and majority owned by the Desmarais family and tycoon Albert FrA?re, the richest man in Belgium who was involved in the UN Oil-for-Food scandal.
He has a large family estate in Sagard, Quebec, Canada between the villages of Saint Simeon and Petit-Saguenay: the field Laforest. His area of over 75 square kilometers has an estimated value of more than $ 50 million (Canadian dollars). The architecture of the mansion was designed and overseen primarily by Sylvain Larouche, head of his team of 18 prominent architects. Desmarais also owns homes in Palm Beach, Florida and New York. Paul Desmarais or his sons belong to associations such as the Bilderberg Group, the North American Competitiveness Council which designed the Security and Prosperity Partnership, as well as the Council on Foreign Relations.
He is a sta

Paul Desmarais Net Worth, 1.0 out of 5 based on 1 rating

Paul Desmarais Latest News

Paul Desmarais remembered as visionary entrepreneur with great influence

Paul Desmarais, one of Canada's most powerful businessmen and a self-made billionaire who befriended prime ministers and presidents, has died. Desmarais, who transformed an ailing family-owned Sudbury bus company into a $33-billion conglomerate that ...
Posted: October 9, 2013, 2:35 am

Doctors, law enforcement officials work together to combat opioid crisis

Dr. Sprunger took part in the first of several meetings to address the epidemic, along with Dr. Paul Desmarais, who also treats patients for pain management. “In the right hands, used the right way, they can be very helpful; but also abused, not used ...
Posted: August 9, 2017, 9:37 pm

Paul Desmarais and McGill

As founder and chairman of Power Corporation, Paul Desmarais, who died on October 8 at the age of 86, was known to the public as a business mogul and philanthropist. But to Montreal’s universities, especially to McGill, he was above all a friend – if ...
Posted: November 12, 2013, 12:10 pm

The many bonfires of Paul Desmarais

Paul Desmarais, who died last week at age 86, was the most vital, avant-garde money man in the annals of Canadian capitalism. He was uniquely Canadian because he didn’t need to examine the high-stake flyers of New York or London to find out how to be ...
Posted: October 17, 2013, 9:56 am

Harper, Sarkozy among dignitaries who paid tribute to Paul Desmarais

MONTREAL -- Tributes poured in for the late Paul Desmarais on Tuesday at a commemorative ceremony headlined by a veritable who's who of public figures past and present. Four Canadian prime ministers, a former French president and five Quebec premiers were ...
Posted: December 2, 2013, 7:10 pm
Related Topics:
How Much Is Paul Desmarais Earnings, How Much Is Paul Desmarais Income, How Much Is Paul Desmarais Net Worth, How Much Is Paul Desmarais Salary, How Much Is Paul Desmarais Worth, Paul Desmarais, Paul Desmarais Age, Paul Desmarais Bio, Paul Desmarais Composer, Paul Desmarais Country, Paul Desmarais Date Of Birth, Paul Desmarais Earnings, Paul Desmarais Estate, Paul Desmarais Ethnicity, Paul Desmarais Gossips, Paul Desmarais Harvard, Paul Desmarais Height, Paul Desmarais History, Paul Desmarais Home Town, Paul Desmarais Homes, Paul Desmarais House, Paul Desmarais Iii, Paul Desmarais Iii Goldman Sachs, Paul Desmarais Illuminati, Paul Desmarais Images, Paul Desmarais Income, Paul Desmarais Job, Paul Desmarais Jr, Paul Desmarais Jr Net Worth, Paul Desmarais Jr Wife, Paul Desmarais Md, Paul Desmarais Md South Bend, Paul Desmarais Nationality, Paul Desmarais Net Worth, Paul Desmarais Networth, Paul Desmarais News, Paul Desmarais Palm Beach, Paul Desmarais Partner, Paul Desmarais Place Of Birth, Paul Desmarais Power Corporation Of Canada, Paul Desmarais Rumors, Paul Desmarais Salary, Paul Desmarais Secrets, Paul Desmarais Ucf, Paul Desmarais Videos, Paul Desmarais Wedding, Paul Desmarais Weight, Who Is Paul Desmarais,