Vic De Zen

Vic De Zen is a Canadian entrepreneur and a self-made millionaire. He is the founder of Royal Group Technologies, which is one of the largest plastics and building supplies maker in Canada. Today, Zen is one of the most financially successful people in Canada, with an estimated net worth of $998 million. He is currently ranked among the top 100 wealthiest Canadians. Zen established the group as Royal Plastics Group in 1970, and it quickly grew to become one of the leading plastic makers in the country, specializing in window profiles, PVC pipes and other plastic products.  

vic de zen

The group operates a large PVC recycling facility and a chemical plant in Bradford, Ontario. It diversified into other areas such as metals with its Baron Metal subsidiary, and lawn furniture. In 1994, Zen took the company public, and the stock quickly increased. Just like many other companies, Royal Group Technologies has at some point been plagued by financial losses and scandals. In 2004, forensic auditors found a suspicious land deal in which Zen and a few other executives had bought land and then resold it to the company. Zen was fired as Chairman as a result of this particular scandal.

vic de zen

Despite all that, Zen has been acknowledged for his entrepreneurial spirit. In the year 1995, Zen was named Canadian Entrepreneur of the Year. In the year 2002, he received the Order of Canada. This self-made millionaire is married to Angelina Zen. They both moved to Toronto on 2nd November, 1962. 

Read also : The 101 Richest People In Canada

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)