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Today Barry and his two brothers, Clayton and Alan Zekelman, split 100% ownership of the $4.2 billion (revenues) firm, now named Zekelman Industries. When search suggestions are available use up and down arrows to review and enter to select. The building will also house the college's 7,000 square foot esports facility, billed as the largest of its kind in Canada, when it opens later this summer. This site is for entertainment purposes only. The sale was first reported by Mansion Global Tuesday, while Bloomberg first reported Friday afternoon that a Zekelman-owned firm was behind the purchase. Merle Wood of Merle Wood & Associates, the brokerage firm that orchestrated the sale, told Forbes that the yacht was renamed Man of Steel, a name Zekelman is known to use for his boats, though Wood would not confirm if Zekelman is the new owner. Staff, students and the community got a sneak peek this week of the new $23-million GEM residence under construction on St. Clair College's South campus. Sophisticated Waterfront Home in Windsor, Canada - YouTube 0:00 / 2:34 Sophisticated Waterfront Home in Windsor, Canada Sotheby's International Realty 396K subscribers Subscribe 4.3K 284K. St. Clair College is growing again, with a new Zekelman Centre of Business and Information Technology at the school's Windsor campus. Zekelman said he was glad to have a chance to leave college and jump into the steel industry. 2023 Forbes Media LLC. I cover breaking news with a focus on markets and sports business. Steven Spielbergs Superyacht Sold After $158 Million Listing (Bloomberg), Steven Spielberg Sells His 282-Foot Yacht, Most Recently Asking 131 Million (Mansion Global). The Times reported that some of Zekelmans lobbying activities may have skirted or even violated the law. I wasnt expecting it, quality wise, and of course being on the water is a bonus.. Unauthorized distribution, transmission or republication strictly prohibited. January 3, 2023 Formerly owned by Steven Spielberg, the stunning MAN OF STEEL yacht was sold to Barry Zekelman in 2021. Thats how much Spielberg is worth, by Forbes estimates, while Zekelman is worth $2.3 billion. The public was asked to avoid the area of Ouellette Avenue and Riverside Drive East due to what Windsor police described as an active investigation in the middle of the day on Tuesday. He talked about "Why Manufacturing Matters" to our communities, our security, & our economy. Please note that CBC does not endorse the opinions expressed in comments. Carlyle and Zekelman nearly sold them to . He was born on March 1, 1967. Jun 9, 2010 Barry Zekelman, Windsor Billionaire. Also not included in this increase figure is Scott Rolen? They donated $10 million dollars to the Holocaust Memorial Center in the names of Zekelmans grandparents and parents. Atlas is now among four JMC manufacturing divisions. Zekelman puts $31.5M Texas industrial project in pipeline A 16-acre multifamily development headed to North Austin In 10 years, homes in Austin, Texas go from bargain-basement to sky-high . (Photo by Emma McIntyre/Getty Images), National Marine Manufacturers Association, Steven Spielbergs Superyacht Sold After $158 Million Listing, Steven Spielberg Sells His 282-Foot Yacht, Most Recently Asking 131 Million. He and his family bought it back in 2011. Pseudonyms will no longer be permitted. [9][2] He also has owned several superyachts named Man of Steel; he previously owned a 2005 36.8m (121ft) Heesen 3700 named Man of Steel. Zekelman is a huge company, with 22 facilities across North America, 17 of which are manufacturing sites, according to its website. Subscribe now to read the latest news in your city and across Canada. Representatives for Spielberg and Zekelman have yet to respond to Forbes request for comment. Her range is 4,750nm. His assets include Western Tube Hayes Modular, a large yacht named MAN OF STEEL, a business jet, and a large real estate portfolio. That sale never materialized, but Pettigrew then heard talk they might sell and solicited them about six months ago. House GOP Leaders Stefanik and Scalise Hold Weekly News Briefing Transcript 1 month ago. Net worth ( USD) Industry. The center's campus is named for the Zekelman family. [1], Atlas Tube was founded in 1984 by Harry Zekelman. Thats why, according to the New York Times, Zekelman has been lobbying hard for protectionist policies for steel makers in the United States. Barry Zekelman was involved in a 2018 decision to contribute to America First Action by pipe and tube manufacturing company Wheatland Tube, a U.S. subsidiary of Zekelman Industries, the agency found. 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. Originally, yeah, I started in Canada, 19-years-old, 2,300 employees and we're now the largest steel consumer in the US. 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. She has a crew of 26. [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. PARADISE VALLEY, Ariz., April 22 (UPI) -- Canadian Stephanie Zekelman says she's surprised the $14 million she has agreed to pay for a mansion in Paradise Valley, Ariz., reportedly is a state record. Zekelman Industries, a Chicago-based steel pipe and tube manufacturer, reportedly has estimated annual revenue of $2.8 billion and is owned by Canadian CEO Barry Zekelman and his two brothers . But what makes it so incredible is its location on the water and the quality of the finishes, really second to none.. He said you cant get a home like this on the water in Toronto, but if it was on the water in nearby Oakville it would fetch well over $10 million, perhaps as much as $20 million. History. Where does Barry Zekelman live? 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. [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. Zekelman, who owns steel operations on both sides of the border, was an outspoken supporter of the tariffs. 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. There was an error, please provide a valid email address. Please try again. Barry Zekelman took over his family's steel business at age 19 and has since grown it into one of North America's largest steel pipe and tube makers. The property along Pike Creek was full of weeds and nasty-looking, he said, so he landscaped it with trees, rocks and benches. The city has a vibrant food scene, with many restaurants offering a variety of international cuisine. It had sought to list on the New York and Toronto stock exchanges and offer 41.8 million shares at a price range of $17 to $19 . It has five fireplaces, nine washrooms, two kitchens, a 1,625-square-foot garage tucked unobtrusively into the side, a jet ski lift on the dock and a huge covered terrace. PARADISE VALLEY, Ariz., April 22 (UPI) -- Canadian Stephanie Zekelman says she's surprised the $14 million she has agreed to pay for a mansion in Paradise Valley, Ariz., reportedly is a state record. "Zekelman's lobbying effort, detailed last May by the New York Times, included a $1.75 million donation by Wheatland Tube, also a division of Zekelman Industries, to a pro-Trump super PAC in . Windsor is a multicultural city with a large population of immigrants from around the world, including many from Europe, Asia, and the Middle East. Here's what you need to know. Steel companies like Zekelman which account for about half of the new requests in 2017 got a tease of broader-reaching action when early in Trump's term the White House announced it is . The stunning allegations follow Forbes estimates last month that Silberts fortune had evaporated, and as government investigations into Silberts companies ramp up. Seven are in Lakeshore, mostly in the Russell Woods area, five are in LaSalle, four are on Amherstburgs Boblo Island and there are two each in Leamington and Windsor. [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. [3] The company name was changed to Zekelman Industries in 2016. Matlock said she and her husband only became interested in selling when someone locally made inquiries about a year ago. Hisnet worth is estimated at $3 billion. The CLC said the fineis the third highest ever imposed by the FEC. Zekelman later praised the president for his policies. The superyacht can accommodate 12 guests in 6 suites. Sen. Catherine Cortez Masto (D-Nev.) is calling on the Federal Elections Commission (FEC) to end its policy of providing refunds to donors who make illegal campaign contributions. 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. Mansions plentiful in metro Phoenix, Peek inside $35 million Paradise Valley mansion for sale; most expensive in Arizona, AZ International Auto Show & New Car Buyer's Guide 2020 Model Year, Your California Privacy Rights/Privacy Policy. The SuperYachtFan team is active in Investigative journalism. She was built as Seven Seas for film producer Steven Spielberg. Is that 25 percent duty enough? He described his experience as difficult but exciting: In 1986 after my father died and my brother and I went to help the business, Atlas was not in great shape. Comments may take up to an hour for moderation before appearing on the site. Barry Zekelman, the Windsor, Ont.-area owner of a North American steel tube and pipe empire, is backing U.S. President Donald Trump's proposed tariffs and offering all employees a $1,000 annual . That's why, according to the New York. Zekelman has high praise for President Trump and his policies. Built in 2010, the 282-foot yacht can accommodate 20 guests, has nine staterooms, a helipad and, fitting given its original owners background, a movie theater, according to its listing. Changpeng Zhao. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Cortez Masto sai One of Zekelman Industries' subsidiaries, Atlas Tube, produced steel for stretches of the Mexican border wall in Arizona. Barry Zekelman could not be reached for comment. Zekelman and his companies argued the contributions were made in good faith and on the understanding that they were permitted. By CB Staff I dont think it is and I actually think those duties should be much higher, he said. Holy glorious, it looks amazing, is how Windsor-Essex County Association of Realtors president Kim Gazo describes a Russell Woods waterfront home she believes is the most expensive local home ever listed. Zekelman Industries is a Canadian company owned by the Zekelman family, including billionaires Barry, Clayton, and Alan Zekelman. 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. 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 big boat stays in the islands-that's to clear my head and to relax. Decade after decade, we've remained committed to our customers and end users. Barry Zekelman: We definitely are, we have 15 plants in the US making steel tubing, one in Canada. He replaced this with a steel-hulled 50m (160ft) Heesen in 2008, the largest they had built at the time. Notion Starts Charging For AI Assistant: Will Microsoft Follow Suit? With thousands of daily visitors and a strong growth rate, The details about yacht ownership as stated on this site and in our Yacht Owners Register are, The content of this website and all associated media are subject to. They also own a vacation home in the Caribbean. But you know what? 365 Bloor Street East, Toronto, Ontario, M4W 3L4. America First Action describes itself as "the primary super PAC dedicated to electing federal candidates who support the agenda of the Trump-Pence administration," the FECnotes in its factual and legal analysis of the case. Canadian steel exec blasts Foreign Minister Chrystia Freeland for not finding a steel and aluminum tariff solution. 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. Box 500 Station A Toronto, ON Canada, M5W 1E6. This is not THE most expensive home in the city, she said. Barry M Zekelman is Chairman/CEO at Zekelman Industries Inc. He told Canadian broadcaster CBC that Trumps plans for a 25 percent tariff for steel and 10 percent for aluminum was an example the Canadian government should follow. The contributions were made through the Pennsylvania-based Wheatland Tube, a pipe and tube subsidiary of Zekelman Industries. Atlas Tube was founded in 1984 by Harry Zekelman. As a result, their wealth increases are not included in the calculation of the overall increase between now and 2019. 'They have stalled and blown this big time,' Barry Zekelman told MPs this week. Bob Hassett, a real estate agent representing the seller calls the community "the Beverly Hills of Arizona.". 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. In total, the Zekelmans have given $25 million to the organization over the years. Barry Zekelman, the CEO of steel pipe and tube manufacturer Zekelman Industries, says he welcomes free and fair trade agreements, but argues 'the key is enforcing these agreements.' Matlock said as a designer in Windsor for 20 years, shes regularly bought properties as her principle residence, re-invented them, sold them and moved on to her next project. He was entrusted with the family business at quite an early age, taking over the family's steel business at the age of 19. They owned a large house there, which they sold a few years ago. The initiative originated from Zekelman Industries, the largest independent steel pipe and tube manufacturer in North America and a leader in modular construction innovations. Zekelman announced the approximately 84,000-square-foot addition to the Dietz Road plant, which manufactures tube and pipe primarily for low-pressure fluid conveyance . Most of his business is in the United States. The couple has also owned a number of Porsches, Lamborghinis and Ferraris. It really feels like youre in the Mediterranean.. Later Atlas Tube merged with JMC Steel. (TYLER BROWNBRIDGE/The Windsor Star), Incident under investigation in downtown Windsor, Windsor police issue crime alert in area on city's east end, Lakeshore residents facing 3.75 per cent tax hike, Riverside Drive mansion for sale a 'work of art', Lakeshore breaks ground on new wastewater plant expansion, easing capacity woes, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account, Get exclusive access to the Windsor Star ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. He sold the company to the Carlyle Group in 2006 for some $1.2 billion, but continued to help run it. Barry Trotz makes perfect sense to be his replacement. He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. Zekelman, whose company is the largest independent steel tube manufacturer in North America, with sales exceeding $2.7 billion each year, has been pro steel tariffs for some time. Nvidia's upgraded cloud gaming service finally turns Macs into AAA gaming machines. He sold the aircraft. Today, Barry Zekelman leads the largest independent steel pipe and tube manufacturer in North America with sales in excess of $5 billion. The city has several parks and recreational areas, including the Windsor Riverfront, a popular destination for tourists and locals alike. As part of the settlement, the companies must ask for a refund or request that the Super PACgivethe funds to the U.S. Treasury. Its definitely a business venture, but if I never made a penny off it and cured cancer, Id be ecstatic, he told the Windsor Star in 2016. var richData = {"name":"Zekelman Family","assets":{"private":77,"other":23,},"rankings":[{"year":"2018","rank":"24","netWorth":"3460000000",},{"year":"2017","rank":"45","netWorth":"2120000000",},{"year":"2016","rank":"37","netWorth":"2460000000",},{"year":"2015","rank":"20","netWorth":"3100000000",},{"year":"2014","rank":"21","netWorth":"2910000000",},{"year":"2013","rank":"19","netWorth":"2750000000",},{"year":"2012","rank":"20","netWorth":"2620000000",},{"year":"2011","rank":"17","netWorth":"2590000000",},]}.

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