They have long supported institutions and causes across the country, particularly in the areas of literacy, education, health care and advanced research. Schwartz and Reisman own the most expensive house in Toronto, valued at $28 million. Two homes on Crescent Road, Nos. This started 15-odd years ago, when Heather Reisman and Gerry Schwartz built their monster house. It’s all worlds away from Schwartz’s formative years in Winnipeg, Asper said with a laugh. The couple’s home in Toronto’s Rosedale neighbourhood is nicknamed “Fort Schwartz” and has a reputation as possibly the most expensive house in the city. Gerald Schwartz runs Onex, one of Canada's largest private equity firms. The University of Toronto just received a $100M donation to put towards a new innovation centre dedicated to studying artificial intelligence. “The University of Toronto is deeply grateful to Gerry Schwartz and Heather Reisman for their vision and generosity,” says President Meric Gertler. Homes - Celebrity - Business Gerald (Gerry) Schwartz is a Jewish Canadian businessman. Gerald Schwartz's House (Google Maps). In 1982, Schwartz married Heather Reisman, Chief Executive of Indigo Books and Music. Since the days of Harold Innis and Marshall McLuhan, U of T has developed a rich tradition of scholarship at the intersections of technology, culture and society. But he was extremely close with his father, a businessman and auto-parts dealer. With renowned strengths in philosophy, ethics, law, social sciences, medicine, biomedical engineering, artificial intelligence, advanced materials, cybersecurity, fintech, cleantech and many other fields, U of T is one of the few institutions worldwide with the requisite breadth and depth to study the immense implications of modern technology, as well as how society shapes technological advances and how those technologies shape society. Schwartz and Reisman are also among the country’s most generous philanthropists. The Institute will facilitate cross-disciplinary research and collaboration and will draw on U of T’s signature strengths in the sciences, humanities and social sciences to explore the benefits and challenges that AI, biotechnology, and other technological advances present for our economy, our society and our day-to-day lives. COVID-19 outbreak declared at London, Ont. But aside from being the base to Toronto’s old rich, students and young professionals have also found their homes in Rosedale. “The Schwartz Reisman Innovation Centre will help U of T faculty and student entrepreneurs reimagine industries and contribute to Canada’s social and economic success,” says Vivek Goel, vice-president of research and innovation. “The University of Toronto is deeply grateful to Gerry Schwartz and Heather Reisman for their vision and generosity,” says President Meric Gertler. “It will help consolidate Toronto’s leading position in the AI world. As of August 1, 2020 this is an archive only site, High Country Lodge and Glen Mead Park Fencing, Foothills County: Recreation Vehicle Use Update, Town of Okotoks: Second Reading Passed on Mandatory Masks, Vector Institute for Artificial Intelligence, Opioids are Killing Canadians in the Thousands, Visiting Banff: Coronavirus (COVID-19) Information. It will be a 750,000-square-foot complex located in Toronto at the northeast corner of College and Queen's Park. She then headed Cott Corporation, a bottler of soft drinks, from 1992 to 1994. U of T is also recognized as a leading engine for innovation and entrepreneurship. Starting when he was 10, Schwartz worked in his father's store. It’s a gift that reflects Gerry and Heather’s entrepreneurial spirit and their deep concern for Canadians and global society.”, “This new complex will contribute enormously to innovation at U of T,” says world-renowned AI pioneer and University Professor Emeritus Geoffrey Hinton. ", Arni Thorsteinson, a founding director of Onex, said Schwartz continues to use values from his father and Prairie upbringing in his current business practices. The second tower will house laboratories for some of the world’s top researchers and innovators in regenerative medicine, genetics and precision medicine. Gerry Schwartz, Chairman and President and Chief Executive Officer of Onex Corporation, addresses shareholders during their annual general meeting in Toronto, Thursday, May 8 2008. Despite an uncertain investment climate in the last couple years, Gerry Schwartz’s Onex Corp. managed to score a number of deals. His goal was to get to Wall Street, Schwartz told students at the University of Toronto during a speech in 2016. Retailers had an ugly year in 2020. Prior to 1984, he was with Gerry Schwartz at CanWest Capital and a Chartered Accountant and consultant at KPMG. "A successful career doesn't have to follow a straight line," he said. As of May 2014, Forbes ranks him as the 24th richest Canadian, worth an estimated $1.9 billion. His goal was to get to Wall Street, Schwartz told students at the University of Toronto during a speech in 2016. “U of T is already a global leader in artificial intelligence, biomedicine and the intersections of society and technology,” say the couple. A three-level, three-bedroom townhouse with 18-foot ceilings in the living room, an intimate backyard patio and plenty of natural light. Why Gerry Schwartz Needs Air Canada. “This extraordinary gift will spark Canadian innovation, boost our economy, and enable a deeper examination … Reisman served as Paradigm Consulting’s managing director for 16 years. He has a firm worth billions and a charmed life: now he is in the fight of a lifetime. Their previous gifts to the University of Toronto have made an immense difference to students, researchers and programs in several faculties. If those names sound familiar to you, it’s because Schwartz and Reisman are a very successful husband-and-wife duo based in Toronto. EllisDon is … Asper is the son of Izzy Asper, who founded CanWest Capital (which would become CanWest Communications) with Schwartz in the 1970s. If you continue to use this site we will assume that you are happy with it. Toronto ON M5J 2S1 Gerald W Schwartz: Political writing in Canada portrays you as the power behind the Canadian throne: Mr. Schwartz, president of Onex Corporation, and the top corporate fundraiser for Paul Martin's successful leadership campaign, will have helped raise an estimated and whopping $11-million by the Nov. 15 leadership convention. Both have had a long relationship with the university, having served as advisers for numerous strategic initiatives. Gerry has been appointed as an Officer of the Order of Canada and inducted into the Canadian Business Hall of Fame. The director will hold the Schwartz Reisman Chair in Technology and Society and lead the development of programming and research initiatives. THE … The Schwartz Reisman Institute for Technology and Society, which opened its doors in July, is not only the vision of business leaders and philanthropists Gerry Schwartz and Heather Reisman. You may be eligible for a new tax deduction, Pattie Lovett-Reid: What you need to know about CERB as the year ends. Sign up for our weekly email newsletter delving into climate science and life on a changing planet. Schwartz and his wife, Indigo Books & Music Inc. founder Heather Reisman, own a 12-room mansion in Toronto's Rosedale neighbourhood, have just bought a house in Palm Beach, Fla., and are in the process of building another in Bel Air, Calif. (Three of their four children live in that state.) “The Schwartz Reisman Institute for Technology and Society will allow us to explore important topical issues such as the laws around digital surveillance and the use of autonomous weapons or how the cognitive abilities of artificially intelligent systems will impact human beings.”. The university plans to begin construction on the first phase of the Schwartz Reisman Innovation Centre in the fall of 2019. Gerry Schwartz, Chairman and President and Chief Executive Officer of Onex Corporation, addresses shareholders during their annual general meeting in Toronto, Thursday, May 8 2008. On Monday it was announced that Toronto-based private equity firm Onex Corp. signed a deal to buy the Calgary-based airline for $3.5 billion. This year we welcome the legendary Gerry Schwartz, Founder and CEO of Onex, for a fireside chat moderated by Margaret Franklin, CFA, President & CEO of CFA Institute. He has donated millions to universities and hospitals. In 1982, Reisman married investor Gerry Schwartz, whom she had met during a business deal. City of Toronto records show the house at 37 Cluny Dr, was built in 1903. He is also an Honorary Director of The Bank of Nova Scotia and is a Director, Governor, or Trustee of a number of other organizations, including The Simon Wiesenthal Center. Ewout is a CPA, CA. These scientists are investigating the promise of stem cells to repair and regenerate damaged tissues and organs, as well as treat cancer, diabetes, stroke and blindness. “The impact of technology on individuals and on society more generally is not well understood,” says Gillian Hadfield, professor of law and professor of strategic management. The Canadian businessman behind a friendly deal to buy WestJet Airline Ltd. has a reputation for his stellar business acumen and famous Toronto mansion but a long-time family friend says the titan has not … Thanks to an historic gift to the University of Toronto from Gerald Schwartz and Heather Reisman, the soon-to-be built Schwartz Reisman Innovation Centre will accelerate innovation in Toronto and Canada by creating the country’s largest university-based innovation node. COVID-19 vaccine tracker: How many people in Canada have received shots? We use cookies to ensure that we give you the best experience on our website. In 1977 he co-founded CanWest Global Communications Inc, followed by Onex Corporation in 1983. He's also willing to share knowledge he's accrued over the decades. Kimberley Noble. (adsbygoogle = window.adsbygoogle || []).push({}); Thanks to an historic gift to the University of Toronto from. "He has the patience, the capital and the vision to grow WestJet. We all do. 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