Fred and Ron Mannix

Fred and Ron Mannix are Canadian billionaire brothers who manage the Mancal Group. This is a group that has interest in real estate, energy and mining. They are the grandsons of Frederic S. Mannix who established their family empire in 1898. Their father, Fredrick C. Mannix diversified the business during the 1950s and established a highly successful business empire with a group of companies. He retired from active involvement in the family business in the 1970s and passed the company‚Äôs responsibility to his two sons, Fred and Ron Mannix. 

Read also : The 101 Richest People In Canada

fred and ron mannix

The two brothers sold some of the Mannix family managed companies such as Pembina Resources, Pembina Pipeline and Manalta to public markets through asset sale, royalty trust and income trust respectively for more than $2 billion. This enabled them to advance all their real estate planning. Ron Mannix founded a company known as Coril Holdings Ltd and put former executives of Loram group in charge of continuing with the railroad activities as well as pursuing various other investments including real estate.

fred and ron mannix

The Mannix brothers run the Mancal Group out of Calgary. Even though the brothers are renowned billionaires, they have tried to keep themselves away from public scrutiny over the years. They tend to avoid the media spotlight at all cost. They are also active philanthropists and have donated millions of dollars to various charities.

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)