The Times reports that in 2018 Zekelman Industries, the company owned by Barry Zekelman, donated $1.75 million to a fund intended to support Donald Trump. Zekelman races Ferraris and has owned a series of yachts named "Man of Steel. Recently, however, Barry Zekelman, the CEO and executive chairman of Zekelman Industries, also dabbled in biotech, co-financing a Boston cancer research startup called CureMeta. (. The following is a list of the wealthiest individuals with "Canada" listed as their "Country/Region" according to Bloomberg's daily listing, the Bloomberg Billionaires Index, as of 22 May 2022. Barry Zekelman, chair and CEO of Zekelman Industries, said his family has "always been impressed by the positive and lasting impact the Holocaust Memorial Center has had on millions of lives. Barry Zekelman House He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. Zekelman and his companies argued the contributions were made in good faith and on the understanding that they were permitted. The Mediterranean-style mansioncomes with nine bedroom suites and two lofts, all with private patios or balconies. https://en.wikipedia.org/wiki/Zekelman_Industries, https://www.forbes.com/profile/barry-zekelman/. [9][10] Barry Zekelman dined with Donald Trump at a private Trump Hotel DC dinner by America First Action. Zekelman, who owns steel operations on both sides of the border, was an outspoken supporter of the tariffs. Family and Youth Emergency Shelter, sponsored by the Stephanie and Barry Zekelman Foundation, opens at Downtown Mission. He also sold the priciest house in Arizona in 2008, when a Canadian attorney paid $14 million for a 10,000-square-foot mansion on fiveacres along the slope of Paradise Valley's Mummy Mountain. At Zekelman Industries, we trace our legacy of delivering successful solutions back to 1877. Barry Zekelman owns a million-dollar cigarette boat named Man of Steel. Within weeks of its . The Canadian CEO of steel-tube manufacturer Zekelman Industries, Zekelman has a significant stake in the Trump administration's policies on steel importsand he and his company have spent millions of dollars to advance those interests. Companies controlled by Barry Zekelman a Canadian billionaire and the CEO, chair and owner of Zekelman Industries agreed to pay $975,000 to close an investigation by the FEC into $1.75. Imposing this serious penalty helps protect the voices of voters from being drowned out by foreign corporations and other special interests," Adav Noti, the CLC's vice-president and legal director, said in a newsrelease. The U.S. Federal Election Commission (FEC) found that in 2018, the Windsor, Ont.-born Zekelman contravened the Federal . Today, Barry Zekelman leads the largest independent steel pipe and tube manufacturer in North America with sales in excess of $5 billion. Atlas is now among four JMC manufacturing divisions. Comments on this story are moderated according to our Submission Guidelines. Billionaire film director Steven Spielberg has sold his superyacht Seven Seas for 130 million ($150 million) to billionaire steel baron Barry Zekelman. Carlyle sold a majority stake to the Zekelman family in 2011. The latest Baseball Hall of Famer? Their vacation home in Paradise Valley set a record for private home sales in Arizona; the 10,000 square foot home cost $14 million. Zekelman has owned many yachts all named Man of Steel, including two Heesen yachts. Zekelman Industries CEO Barry Zekelman describes the Z-Modular units to College President Patti France and Windsor Mayor Drew Dilkens. I wasnt expecting it, quality wise, and of course being on the water is a bonus.. Comments may take up to an hour for moderation before appearing on the site. Who Is Barry Silbert, The Former Crypto Billionaire That Cameron Winklevoss Is Accusing Of Accounting Fraud? On days off, he likes to race his Ferrari. The company has manufacturing facilities in the United States and Canada, and produces a range of steel products for various industries, including construction, energy, and infrastructure. U.S. boat sales reached the highest level in 13 years last year amid the pandemic, per the National Marine Manufacturers Association. The initiative originated from Zekelman Industries, the largest independent steel pipe and tube manufacturer in North America and a leader in modular construction innovations. Keep your finger on the pulse of your local sports teams, delivered straight to your inbox, At $7 million, this may be the region's most expensive home ever listed, Windsor's first public housing project in decades now accepting renters, OPP: $15,000 recently lost to the 'grandparent scam' in Essex County, Windsor police investigate drug network with ties to Toronto, Unifor president supports striking workers in Windsor, Average housing prices creep up for second consecutive month, A home located at 340 Elmgrove Dr. in Lakeshore, Ont., is seen on Wednesday , July 31, 2013. Since buying his first house on Elm Grove Drive in 1997, Zekelman has been fixing up the area at his own cost. Barry M Zekelman is Chairman/CEO at Zekelman Industries Inc. The ceiling in the living room was custom made by a local artisan. The city has a vibrant food scene, with many restaurants offering a variety of international cuisine. [10], As a foreign business executive trying to buy influence through spending on American elections, the Campaign Legal Center (CLC) filed a complaint against Zekelman with the Federal Election Commission in 2019. Mr. Zekelman, in a settlement deal that his lawyer signed in late March but that was finalized on Friday, also agreed to ask America First Action, which helped support Mr. Trump's 2020 election. This York University drop out is no slouch in the boardroom either. Literally, I can do it this afternoon.' Photos of the mansion show rooms with marble fireplaces, winding staircases under huge chandeliers, andterraced walkways overlooking a large pool with dual diving boards. 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He replaced this with a steel-hulled 50m (160ft) Heesen in 2008, the largest they had built at the time. He sold the aircraft. His assets include Western Tube Hayes Modular, a large yacht named MAN OF STEEL, a business jet, and a large real estate portfolio. At $6,995,500, it is believed to be one of the most expensive homes on the market in the Essex County area. "The big boat stays in the islands-that's to clear my head and to relax. Zekelman said he was glad to have a chance to leave college and jump into the steel industry. A 25,000-square-foot mansionlocated on almost seven acres in north Scottsdalewas sold Monday. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. The $23-million expansion will feature classrooms, student study areas, meeting rooms and . Canadian steel magnate Barry Zekelman fined $1.2M Cdn for donations to Trump-aligned political group | CBC News Loaded. Barry Zekelman - $2.78 billion Barry currently serves as the President, Chairman and CEO of Zekelman Industries, the family steel and pipes business. . Watch the video. The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. He has also supported political causes and candidates in both the United States and Canada. She started four years ago by buying two properties for a total of $1.7 million and demolishing the homes to create her a building site with almost 200 feet of unobstructed lakefront. . Zekelman Industries is a family of companies, 100% domestic manufacturers. The property along Pike Creek was full of weeds and nasty-looking, he said, so he landscaped it with trees, rocks and benches. The Times says that the donations may have been a violation of laws that bar foreigners for lobbying in the United States. Makes Sense. But a few of the older employees helped the young ones along, and we were able to turn around a company that had been losing about $80,000 a month. At the cutting edge of technology and Art, LG electronics had a particularly innovative installation at Frieze LA, featuring Digital and NFT work by artist Barry X Ball, whose sculpture sit at the intersection of traditional sculpture and technology. She was built as Seven Seas for film producer Steven Spielberg. Nvidia's upgraded cloud gaming service finally turns Macs into AAA gaming machines. (Actually, it is closer to Detroit, USA. Canadian steel exec blasts Foreign Minister Chrystia Freeland for not finding a steel and aluminum tariff solution. Windsor is home to several major automotive companies, including Chrysler, Ford, and General Motors, which have had a significant impact on the citys economy and culture. Originally, yeah, I started in Canada, 19-years-old, 2,300 employees and we're now the largest steel consumer in the US. The U.S. Federal Election Commission (FEC) found that in 2018, the Windsor, Ont.-born Zekelmancontravened the Federal Election Campaign Act, which prohibits any foreign national from directly or indirectly contributing to any federal, state or local election. [9] A Zekelman Industries subsidiary, Wheatland Tube, donated $1.75 million to the America First Action super-PAC to elect Donald Trump, a financial maneuver considered questionable for a foreign citizen. It really feels like youre in the Mediterranean.. Barry Zekelman is a Canadian billionaire who owns steels plants both in Canada and in the United States. He and his family bought it back in 2011. They sold the company in 2006 for $1.2 billion to the Carlyle Group. A section of the centre is shown. And He's Canadian", "Tape Made Public of Trump Discussing Ukraine With Donors", "Donations Steered to Trump Super PAC by Canadian Are Found to Be Illegal", "Price Drop on Heesen Motor Yacht Man of Steel", https://en.wikipedia.org/w/index.php?title=Zekelman_Industries&oldid=1120607238. On the other hand where theres smoke, there is fire ;-). Visit our Community Guidelines for more information and details on how to adjust your email settings. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. They also own several luxurious vacation homes outside of Canada. In 2006-2008, the Carlyle Group purchased John Maneely Co (founded in 1877) for $550 million, then purchased Atlas Tube, and Sharon Tube (founded in 1929), forming them into JMC Steel Group under DBO Holdings. The ceiling in the living. Carlyle and Zekelman nearly sold them to Novolipetsk Steel (NLMK) for $3.5 billion in 2008, but the deal fell through in late 2008, with DBO/Carlyle suing NLMK for breach of contract. To recover, we adopted a formula of buy for X and sell for Y that after only eight months allowed us to make our first monthly profit of $4,000. Please try again. Windsor Police Service issued a public alert on Sunday following a series of concerning crimes in an area east of Lauzon Parkway on the citys east end. The Zekelman family runs the largest independent steel tube manufacturer in North America, and they want everyone to know it: Last year the clan changed the name of the company from JMC Steel Group to Zekelman Industries, Inc. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. Zekelman, founded in 1877, has never been traded publicly before. And Zekelman Industries made political donations in the United States skirting or possibly violating a ban on contributions by foreigners . As a result, their wealth increases are not included in the calculation of the overall increase between now and 2019. We make structural steel and pipe products, and we are revolutionizing the off-site construction industry with modular building innovations for creating multi-family housing and facilities for all kinds of companies quickly and efficiently. [12] The third "Man of Steel" superyacht was an aluminum-hulled 49.8m (163ft) Heesen purchased by Zekelman in 2019; it was previously named the Satori and then the Septimus. So Windsor has a little quiet community of people who can afford certain houses, said Matlock, whose husband is president of DomCast, a family business started in 1939 that manufactures iron and aluminum castings, welded assemblies and steel forgings. Canadian steel magnate Barry Zekelman and his companies have been fined the equivalent of $1.2 million Cdn ($975,000 US) over a $2.2-million ($1.75-million) donation to an organization set up to support former U.S. president Donald Trump.and candidates aligned with his agenda. Barsky was named CEO in 2012, two years after the museum opened a new $150 million building. Rolen is in Cooperstown and the others aren't. The Zekelman Centre of Business and Information Technology at St. Clair College was officially opened on Wednesday, July 27, 2022. pic.twitter.com/Gl9kNSjttV. A majority stake was sold to the Carlyle Group in 2006 for $1.5 billion CND. Matlock said theyve had inquiries from as far away as Miami, Vancouver and Dubai. Both companies, controlled by Barry Zekelman, chief executive officer of Zekelman Industries, have reached a settlement with the FEC for the companies to pay a $975,000 fine for illegally.
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