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Charles Bronfman

From Alfawiki
Charles Bronfman
Born (1931-06-27) June 27, 1931 (age 95)
Montreal, Canada
Occupation(s)Entrepreneur, philanthropist
Years active1951–present
Known forCo-chairman of Seagram Company Ltd., co-founder of Taglit Birthright, former owner of Montreal Expos

Charles Bronfman (born June 27, 1931) is a Canadian-American entrepreneur and philanthropist, recognized as a leading figure within the prominent Canadian Jewish Bronfman family. With an estimated net worth of $2.5 billion in 2023, he was ranked 1,217th on the Forbes list of the world's richest individuals.

Biography

Born in Montreal to Samuel and Saidye Rosner Bronfman, Charles belongs to a distinguished business dynasty. His siblings include art benefactor Baroness Aileen "Minda" Bronfman de Gunzberg, architectural expert Phyllis Lambert, and Edgar Bronfman Sr., with whom he jointly led the Seagram company. His nephew Edgar Bronfman Jr. also held significant roles within the family enterprise. Bronfman received his education at Selwyn House School, Trinity College School, and McGill University. Holding dual citizenship in Canada and the United States has facilitated his engagement in both countries' markets.

Business career

From 1951 until 2000, Bronfman occupied various positions within the family's liquor conglomerate, Seagram. In 1951, his father Samuel Bronfman allocated him a one-third share of Cemp Investments, the holding entity overseeing the family's corporate ventures alongside his three siblings. Under the stewardship of Charles and his brother Edgar, Cemp managed extensive interests spanning liquor, real estate, oil and gas, and chemical industries.

Following their father's passing in 1971, Charles and Edgar inherited control of the Seagram spirits empire. Charles served as co-chairman of Seagram Company Ltd. Reflecting on Seagram’s downfall in 2000, he described it as "a family tragedy" and "a disaster."

Bronfman was also deeply involved in professional sports ownership. He held majority ownership of Major League Baseball's Montreal Expos from their inception in 1968 until selling the franchise for CAD 100 million to a local group led by Claude Brochu in late 1990; the transaction finalized by mid-1991. In 1982, after the financial collapse of the Montreal Alouettes (CFL), Bronfman acquired their remnants to establish the Montreal Concordes, later renamed back to the Alouettes. This venture proved less successful and ceased operations before the 1987 CFL season.

Since 1986, he has chaired The Andrea and Charles Bronfman Philanthropies, Inc., which he intended to wind down by 2016. Between November 1997 and July 2002, Bronfman was chairman of Koor Industries Ltd., one of Israel’s largest investment firms. He currently co-chairs the McGill Institute for the Study of Canada and served as founding chairman of the United Jewish Communities from 1999 to 2001.

In April 2013, Bronfman was among 100 prominent American Jews who urged Israeli Prime Minister Benjamin Netanyahu to collaborate with Secretary of State John Kerry on practical peace efforts involving territorial compromises that align with Israel’s security concerns.

Philanthropy

As co-founder of Taglit Birthright alongside Michael Steinhardt, Charles Bronfman helped create a program offering free educational trips to Israel for young Jewish adults. Since its inception in 1999, over 700,000 participants have experienced these ten-day journeys. In 1991, Bronfman joined forces with billionaire Leslie Wexner to form the "Mega Group," a coalition of influential businessmen dedicated to Jewish philanthropic projects such as Birthright Israel and strengthening national Hillel initiatives.

In 1999, controversy arose when donations made by Bronfman intended for social causes were redirected toward Ehud Barak's Israeli electoral campaign. He was a significant contributor to renovating the Tel Aviv Performing Arts Center and supported the Israel Museum. His funding facilitated refurbishment of the Fredric R. Mann Auditorium, which reopened as the Charles Bronfman Auditorium in 2013.

Bronfman led Andrea and Charles Bronfman Philanthropies Inc., which operated across Israel, Canada, and the United States. Before its closure in 2016, it distributed more than $340 million to roughly 1,820 organizations. He founded The Charles Bronfman Prize to recognize humanitarian accomplishments; its inaugural honoree was Jay Feinberg of Gift of Life Marrow Registry. Additionally, he established the CRB Foundation to back educational enrichment programs within Israel.

As founding co-chair of Historica Canada, Bronfman played a key role in launching Heritage Minutes, a television series aimed at promoting Canadian history through brief televised vignettes that significantly enhanced public awareness of national heritage.

Bronfman is a signatory of the Giving Pledge and contributed $5 million in 2022 to McGill Institute for the Study of Canada (MISC), which he co-founded in 1994 to foster public discourse on Canadian issues. He was also an early supporter of the Jewish Future Pledge, encouraging American Jews to dedicate at least half their charitable contributions toward Jewish or Israel-related causes.

Personal life

Bronfman has entered into matrimony on four occasions:

  • Barbara Baerwald (1938–2021). Their marriage began in 1961 and ended in divorce in 1982. Together, they had two children:
  • Andrea "Andy" Brett Morrison Cohen (1945–2006). They wed in 1982 until her passing in 2006. She brought three children from her earlier marriage to Canadian industrialist David Cohen: Jeremy, Pippa, and Tony Cohen.
  • Bonita "Bonnie" Roche. Their marriage commenced in 2008 and concluded amicably with a divorce in 2011, notably celebrated with a well-publicized "divorce party."
  • Rita Mayo. They married in 2012.

Awards and honours

Works or publications

  • Bronfman, Charles, and Jeffrey Solomon. The Art of Doing Good: Where Passion Meets Action. San Francisco: Jossey-Bass, 2012.
  • Bronfman, Charles, and Jeffrey Solomon. The Art of Giving: Where the Soul Meets a Business Plan. San Francisco, CA: Jossey-Bass, 2010.
  • Seagram Museum collection at Hagley Museum and Library (finding aid)

External links