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May 13, 2019 · In 1977, at age 35, Schwartz and Izzy Asper formed CanWest Capital. By 1984, that partnership was dissolved, and Schwartz took his portion of the industrial assets to start Onex.
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- Education and Early Career
- Onex Corporation
- Personal Life
- Philanthropy
- Honours and Awards
Gerry Schwartz was born in Winnipeg, Manitoba, to Andrew Osher Schwartz and Lillian Schwartz (née Arkin). His mother was a lawyer. His father was trained as a pharmacist but worked in the family-run car-parts dealership. Gerry Schwartz started to work in the store when he was 10. At age 17, he and a friend started a clothingstore called The Stag Sh...
Gerry Schwartz left CanWest in 1983 and moved to Toronto, Ontario. With $2 million of his own money and nearly $50 million from investors, he formed his own holding company called Onex Corporation. Onex’s strategy was to turn around undervalued or mismanaged companies. It would buy them, increase their assets or efficiency, and then sell them for p...
In 1982, Gerry Schwartz married Heather Reisman, founder and CEO of Indigo Books and Music. The couple has two children. It is the second marriage for Schwartz, who also has two children from his first marriage. Schwartz has nine grandchildren.
Gerry Schwartz has donated to universities, hospitals, Jewish charitiesand Israeli organizations. In 1992, he and Heather Reisman established the Gerald Schwartz and Heather Reisman Foundation, which supports a number of charitable and arts organizations. The couple established the HESEG Foundation in 2005, which provides scholarships and living ex...
Honorary Degree, St. Francis Xavier University(1998)Member, Canadian Business Hall of Fame (2004)Lifetime Achievement Award, EY Entrepreneur of the Year, Ontario(2005)Officer, Order of Canada(2006)May 13, 2019 · In 1977, at age 35, Schwartz and Izzy Asper formed CanWest Capital in Winnipeg. By 1984, that partnership was dissolved, and Schwartz took his portion of the industrial assets to start Onex.
Gerry believes in growing trees, selling them and then looking for other trees" ( Canadian Business , March 2, 2003). Schwartz was not deterred; with $2 million of his own money and nearly $50 million from investors, he left CanWest in 1983 and moved to Toronto to form his own holding company, Onex.
Nov 11, 2022 · Schwartz, who was born in Winnipeg, established Onex in 1984. Before that, he was the co-founder and president of CanWest Capital. Onex Corp. now has approximately $47 billion worth of assets under capital. Throughout its history, Onex has also owned a diverse portfolio of operating companies spanning a wide range of industry sectors.
Nov 12, 2022 · Gerry Schwartz, a consummate Canadian dealmaker who came up in the go-go 1980s of leveraged buyouts and venture capital fame, announced Friday he is stepping down as CEO of Onex Corp., the private equity firm he founded nearly 40 years ago.
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May 13, 2019 · Schwartz’s worth has grown steadily. He’s one of 45 Canadians to make the Forbes list of billionaires in 2019, with his net worth pegged by the magazine at $1.6 billion. Onex boasts $33 ...
