Barry Sherman was a Canadian businessman and philanthropist who was chairman and CEO of Apotex Inc. As per Forbes, He was the 12th-wealthiest Canadian who has a net worth of $3.2 billion at the time of his death. His tragic death is elaborated that it was murder but the police couldn’t found yet the murder and still in an investigation. Presently, the police said they had a “working theory” of the case and an “idea of what happened.” Let’s know more about him, his business and his tragic death through this article.
What’s Barry Sherman’s claim to fame?
Apotex Inc.’s chairman and CEO was a Canadian businessman and philanthropist.
Until his death, he was the 12th richest Canadian, with a net worth of $3.2 billion.
Where has Barry Sherman’s form vanished to?
In terms of his early life, Barry was born in the year 1942 in Toronto, Ontario, Canada. He is of white origin and holds Canadian citizenship. Similarly, he was born under the sign of Sagittarius and holds a Jewish religion.
Bernard Charles Sherman was born into a Jewish family to Herbert Dick Sherman and Sara Sherman. His childhood information, as well as his siblings, have yet to be revealed.
Where is Barry Sherman go for education?
Concerning his education history, Barry attended the Forest Hill Collegiate Institute and graduated with top marks. He later entered the University of Toronto’s engineering science program at age 16. He graduated from the University of Toronto with the highest honors in his class and received the university’s Governor General’s Award for his thesis.
After that, He enrolled at the Massachusetts Institute of Technology to begin doctoral studies in engineering. In 1967, he completed a Ph.D. in astrophysics from MIT.
How Barry Sherman become a businessman?
Barry bought the Empire Group of Companies from the executor of his aunt and uncle’s properties, Beverley and Louis Lloyd Winter, after completing his Ph.D. He negotiated a stock exchange with Empire’s largest client, giving it ownership of the business.
In 1970, he and US-based partners invested in Barr Laboratories in New York, becoming the company’s largest shareholder and president.
Empire Laboratories was sold to the Quebec-based Canadian operations of publicly listed International Chemical and Nuclear (ICN) of California in January 1972 for 57,000 shares (Valeant Pharmaceuticals). His agreement with the Winter estate was voided as a result of this transaction.
He founded Apotex with a few former Empire Laboratories employees a year later, and it was incorporated in 1974. This business, which he owns and controls, claims to be Canada’s largest privately held pharmaceutical manufacturer.
He also got into Nutraceutical manufacturing and other companies, and he and Richard Kashenberg co-founded NION (National Institute of Nutrition). He eventually sold the business to Schiff and went on to work for Apotex.
He also worked for 15 years with Frank D’Angelo, a fruit-juice maker who was trying to diversify his business. Sherman lost CAN$100 million when D’Angelo Brands went bankrupt in 2007. They produced the Cheetah Power Surge energy drink and founded Steelback Brewery.
Even after D’Angelo was arrested in 2009 on sexual harassment and obstruction of justice charges, which were later dismissed, he placed his son in charge of the business and continued to support D’Angelo’s next venture, filmmaking.
He collaborated with Shaun Rootenberg, who was later convicted of fraud, in the late 2010s. Myron Gottlieb, co-founder of Cineplex Odeon, had met Rootenberg in prison following his arrest for fraud in the collapse of Livent, and had introduced the two.
Apotex was one of Canada’s biggest drug producers by 2016, employing over 10,000 employees and distributing over 260 drugs in over 115 countries. Annual revenue was about $1.5 billion.
He was officially registered as a lobbyist at the time of his death, and was under investigation for a fundraiser he organized for Justin Trudeau in April 2015, which was reportedly in violation of Canada’s lobbying laws. In May 2016, he filed a lawsuit seeking to halt the investigation until it was completed, a constitutionally unprecedented step in Canadian history.
Who is Barry Sherman married to?
Reflecting on her personal life, Barry was married to his wife Honey Sherman in 1971. Together, the pair proud to be four children until their death. They are a son named Jonathon, and three daughters named Lauren, Alexandra, and Kaelen. The information regarding how and where the pair married is yet to be disclosed. Similarly, the pair lives blissfully in North York, Ontario, Canada with their children until their death.
How does Barry Sherman die?
As per local police of North York, Toronto, they were called to Barry’s home on 15th December 2017, where they discovered the bodies of him and his wife, hanging side by side next to their indoor pool.
The deaths were treated as “suspicious” and the Toronto Police Service Homicide Squad took the lead in the investigation because it was “most experienced in dealing with sudden unexpected deaths”.
Post-mortem examinations showed the cause of both deaths was “ligature neck compression”, which is ligature strangulation caused by binding or tying. Ligature strangulation is usually distinguished from hanging by the strangling force being something other than the person’s body weight.
In January 2018, the Toronto Star published an exclusive report based on anonymous sources from the family’s investigation team who said that the deaths were murders: the couple was strangled by belts after their hands were tied. These investigators had not yet gained access to his home. By October 2018, police had obtained 37 warrants related to the investigation. On April 25th, 2019, the Toronto Police said they had a “working theory” of the case, and an “idea of what happened.”
How much is Barry Sherman’s worth?
Being a businessman and philanthropist, Barry earns the sum of a huge amount of money and popularity through his profession. Based on some online reports, his estimated net worth said to be $3.2 billion at the time of his death. However, his salary is yet to be disclosed.
How tall is Barry Sherman?
Before his death, Barry has a decent height and weight with brown eyes and black hair color. His other body information is yet to be disclosed. In the case of disclosed, we will let you know.
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