What is Gerald Schwartz's Net Worth?
Gerald Schwartz is a Canadian business executive who has a net worth of $1.9 billion. One of the highest-paid executives in Canada, Gerald Schwartz he continues to swell his wealth with the constantly high performance of his Toronto-based buyout firm Onex. He formed Onex Corporation in 1983, six years before he co-founded CanWest Global Communications. Now, he owns only 19% of Onex, since he sold a million shares in November 2013.
Aside from Onex, Schwartz is an honorary director at the Bank of Nova Scotia, as well as he serves as a director of Indigo Books & Music, where his wife, Heather Reisman, holds the CEO position. He and his wife split their time between their homes in Toronto, Malibu, Nantucket and Palm Beach. Schwartz and Reisman are also avid philanthropists who have donated millions to charities. Solely in 2013, the pair gave $15 million to the Toronto-based Mount Sinai Hospital, taking their total giving to the institution to $28 million.
