Paul Desmarais

Paul Desmarais was a renowned Canadian financier who served as the Chief Executive Officer of Power Corporation of Canada, a company with interest in the fields of pulp and paper, financial services and mass media. He was also the founding Chairman of the Canada China Business Council. Desmarais died on October 8, 2013 at the age of 86, leaving his vast fortune of about $5 billion behind. His two sons, Paul Jr. and Andre serve as co-CEOs. 

Read also : The 101 Richest People In Canada

Paul Desmarais

The Desmarais family owns an expansive family estate in Sagard, Quebec, Canada. It is located between the villages of Petit-Saguenay and Saint-Simeon. The 75 square kilometers estate has an estimated value of over C$50 million. The Desmarais family also owns luxurious homes in New York and Palm Beach, Florida. This prominent family enjoys close connections to a number of powerful politicians and government officials worldwide. Critics cite that the family’s political affiliations provide it with unjust advantages in business.

Paul Desmarais and wife

Desmarais was married to Jacqueline Maranger with whom he had two sons named Andre and Paul Jr., and two daughters named Louise and Sophie. Andre is married to the former Canadian Prime Minister’s daughter. Sophie’s husband, on the other hand, is involved in a political financing scandal in France that has been widely covered by the French Media.

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)