The Zekelman family is one of the wealthiest families in Canada with an estimated net worth of $2.9 billion. The family derives most of its fortune from its involvement in the steel industry. Barry M. Zekelman and his 2 brothers took over the management and leadership of Atlas Tube in the year 1984 after their father passed away. Before his death, Zekelman senior had a 45% stake in the company.
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Barry M Zekelman serves as the Chief Executive Officer and Executive Chairman of JMC Steel Group, which makes him responsible for all aspects of the group’s business. He has fully committed his entire business career to the development of Atlas Tube, Wheatland Tube, JMC as well as the structural tube and pipe industry. At the time Zekelman took over his family’s business, he was only 19 years of age and the business has since seen better days.
Besides being well-known for their success in the steel business, the Zelkeman’s are also known for their philanthropic endeavors. The Zekelman brothers made a donation of $10 million towards the Holocaust memorial in Farmington Hills in honor of their deceased parents. The Zekelman’s foundation has also sponsored a Special Olympics event. The foundation is also renowned in the Windsor-Detroit area mostly for its many philanthropic activities.