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Paul Desmarais Sr. PC CC OQ (January 4, 1927 – October 8, 2013) was a Canadian financier and philanthropist, based in Montreal. With an estimated family net worth of US$4.5 billion (as of March 2012), Desmarais was ranked by Forbes as the fourth wealthiest person in Canada and 235th in the world in 2013. [ 1 ]
- Childhood and Education
- Career
- Philanthropy
- Legacy
- Awards and Distinctions
Paul Desmarais was the son of Jean-Noël Desmarais, a Sudbury lawyer, and Lébéa Laforest, and the grandson of northern Ontariosettler and lumberman Noël Desmarais, who gave his name to the town of Noëlville. After earning a Bachelor of Commerce degree at the University of Ottawa (1949), Desmarais attended studied law at Osgoode Hall. He returned to ...
After living and working in Ottawa as owner-manager of Gatineau Bus Lines in the late 1950s, Desmarais operated Québec Autobus and moved his family to Montreal in the early 1960s. In 1961, he bought Provincial Transport, a sizable passenger-transport company based in Québec, followed by Gelco Enterprises (originally Gatineau Electric Co.) in 1964. ...
A well-known philanthropist, Paul Desmarais' most notable philanthropies in Canada included the Montreal Museum of Fine Arts' Jean-Noël Desmarais Pavilion (1991), the Université de Montréal's Pavillon Paul-G.-Desmarais (1996) and the University of Ottawa's Pavillon Desmarais Building (2007).
Paul Desmarais was one of the 10 richest people in Canada and considered to be one of the country's most powerful men. He owned a 75-square-kilometre estate in Sagard, Quebec, a French Canadian hamlet of 260 people located in the Charlevoix region. In 2005, Desmarais built the people of Sagard a yellow, wooden Roman Catholic church. (See also Catho...
Desmarais was awarded numerous decorations and was appointed to orders of merit from Canada, France and Belgium. He was made a Grand Montréalais (1984), a Companion of the Order of Canada (1987), an Officer of the Ordre national du Québec (1988), a Commander of the Ordre de Léopold II (1991) and Grand Croix de l'Ordre national de la Légion d'honneu...
- Alain Bouchard – $8 billion. Alain Bouchard, who grew up in a mobile home, is now one of the richest people in Quebec. You may not know his name, but you’ve probably visited one of the 15,000 convenience stores of the company he founded: Alimentation Couche-Tard.
- Emanuele (Lino) Saputo – $6.6 billion. From the hills of Sicily to the winding roads of Montreal, billionaire Emanuele Saputo, better known as Lino Saputo, has transformed a small cheese factory into an international food processing giant.
- Jean Coutu – $4 billion. He went from being a pharmacist to one of the richest pharmacists in the world. According to Forbes, Jean Coutu is worth C$4 billion (US$3 billion).
- Jacques D’Amours – $3.9 billion. Jacques D’Amours is one of the lesser known founders of the Alimentation Couche-Tard convenience store chain. According to Forbes, Jacques D’Amours is worth $3.9 billion Canadian ($2.9 billion US).
Oct 9, 2013 · Paul Desmarais began his business career turning around a family business in Sudbury, Ont., but became one of Canada's most influential entrepreneurs. As head of the Power Corporation of Canada ...
Paul Desmarais Jr. was born in Sudbury, Ontario. He was raised Roman Catholic. [1] He is the eldest son of billionaire Paul Desmarais Sr. and Jacqueline Desmarais. [citation needed] He was educated at Lakefield College School in Lakefield, Ontario and later attended McGill University.
Oct 9, 2013 · Paul Desmarais was born in Sudbury, Ont., in 1927. At 24, studying law but uncertain of law as a career, he took over management of the family business, Sudbury Bus Lines. The company was veering towards bankruptcy because its main customers, men labouring in the local nickel mines, were buying cars to get around.
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Oct 10, 2013 · One of Canada's richest and most influential men, Paul Desmarais Sr has died at the age of 86, his family says.
