Zekelman later praised the president for his policies. Zekelman is expected to request the AFA refund the $1.75 million in contributions. Barry Zekelman, chair and CEO of Zekelman Industries, said his family has "always been impressed by the positive and lasting impact the Holocaust Memorial Center has had on millions of lives. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. This is not THE most expensive home in the city, she said. [9][2] In October 2021, it was confirmed that Zekelman was the purchaser of Steven Spielberg's former 282ft yacht Seven Seas, built by Oceanco in 2010, which he renamed Man of Steel. The latest Baseball Hall of Famer? Cortez Masto points to an instance when Barry Zekelman, a Canada-based steel industry magnate, illegally helped funnel $1.75 million in his company's money to a pro-Trump super PAC, America. Sen. Catherine Cortez Masto (D-Nev.) is calling on the Federal Elections Commission (FEC) to end its policy of providing refunds to donors who make illegal campaign contributions. "It's definitely a business venture, but if I never made a penny off it and cured cancer, I'd be ecstatic," he told the Windsor Star in 2016. Carlyle sold a majority stake to the Zekelman family in 2011. Makes Sense. When search suggestions are available use up and down arrows to review and enter to select. The city has several parks and recreational areas, including the Windsor Riverfront, a popular destination for tourists and locals alike. Barry Zekelman took over his family's steel business at age 19 and has since grown it into one of North America's largest steel pipe and tube makers. Major company holdings: Atlas Tube But you know what? [9][10] Barry Zekelman dined with Donald Trump at a private Trump Hotel DC dinner by America First Action. Matlock said theyve had inquiries from as far away as Miami, Vancouver and Dubai. We are not sure which jet Zekelman currently owns. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. Copyright 2023 United Press International, Inc. All Rights Reserved. He and his family bought it back in 2011. Picoma became part of JMC in 2009. Canadian steel magnate Barry Zekelman fined $1.2M Cdn for donations to Trump-aligned political group | CBC News Loaded. Zekelman said he was glad to have a chance to leave college and jump into the steel industry. Looking for luxury? Recently, however, Barry Zekelman, the CEO and executive chairman of Zekelman Industries, also dabbled in biotech, co-financing a Boston cancer research startup called CureMeta. Daily Kickoff: Meet Georgias only Jewish state legislator + Jeffrey Rosen on the podcast, Daily Kickoff: Hair salon siege in Tel Aviv, Daily Kickoff: Taylor Force Act, round two + Vermonts Welch on Israel visit, Daily Kickoff: Congress to push for official Abraham Accords ambassador, Daily Kickoff: Violence flares in West Bank + Rand Pauls Homeland Security position, Daily Kickoff: Sen. James Lankford on the risks of the U.S. pivoting from the Middle East, Daily Kickoff: Interview with new Maryland Gov. They built an amazing and very large new home next to it. Barry Zekelman is a man of steel. That sale never materialized, but Pettigrew then heard talk they might sell and solicited them about six months ago. Steven Spielbergs Superyacht Sold After $158 Million Listing (Bloomberg), Steven Spielberg Sells His 282-Foot Yacht, Most Recently Asking 131 Million (Mansion Global). It had sought to list on the New York and Toronto stock exchanges and offer 41.8 million shares at a price range of $17 to $19 . Canadian steel magnateBarry Zekelmanand his companieshave been fined about $1.2 million Cdn ($975,000 US) for $2.2 million ($1.75 million) in contributions to a political committee that supports former U.S. president Donald Trump and candidates aligned with his agenda. HARROW, Ontario Barry Zekelman, a Canadian billionaire whose business is mostly in the United States, is not a guy who likes to lose or go slow. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Zekelman, whose company is the largest independent steel tube manufacturer in North America, with sales exceeding $2.7 billion each year, has been pro steel tariffs for some time. She said association staff went back to the 1990s looking for homes selling for more than the Matlocks $6.95-million home but couldnt find anything. Unauthorized distribution, transmission or republication strictly prohibited. In 2006-2008, the Carlyle Group purchased John Maneely Co (founded in 1877) for $550 million, then purchased Atlas Tube, and Sharon Tube (founded in 1929), forming them into JMC Steel Group under DBO Holdings. Representatives for Spielberg and Zekelman have yet to respond to Forbes request for comment. January 3, 2023 Formerly owned by Steven Spielberg, the stunning MAN OF STEEL yacht was sold to Barry Zekelman in 2021. I dont think it is and I actually think those duties should be much higher, he said. Filings with the Texas agency often show only preliminary plans that can. We realize the most organic search traffic of all known yachting websites. & Bloomfield Hills, Mich. The company grew to sales of more than $1 billion with 2,000 employees. Atlas Tube was founded in 1984 by Harry Zekelman. They also own several luxurious vacation homes outside of Canada. He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. He has donated significant amounts of money to various causes, including healthcare, education, and community development. Most of his business is in the United States. He said you cant get a home like this on the water in Toronto, but if it was on the water in nearby Oakville it would fetch well over $10 million, perhaps as much as $20 million. In total, the Zekelmans have given $25 million to the organization over the years. The CLC said the fineis the third highest ever imposed by the FEC. The property taxes are around $30,000 annually. Barry Zekelman, whose business is mostly in the United States, funded his own advertising campaign to build public support for his efforts to protect makers of steel tubes in the United States. The Zekelman family gained majority control of JMC last year. FARMINGTON HILLS, Mich., Dec. 7, 2021 /PRNewswire/ -- The Holocaust Memorial Center Zekelman Family Campus today announced a major donation in the amount of $15 Million . Its a recently-built masterpiece of design and quality, according to the Toronto-based realtor who has the listing, Robert Pettigrew. He added that in his opinion, the tariffs could be even higher. She started four years ago by buying two properties for a total of $1.7 million and demolishing the homes to create her a building site with almost 200 feet of unobstructed lakefront. Sophisticated Waterfront Home in Windsor, Canada - YouTube 0:00 / 2:34 Sophisticated Waterfront Home in Windsor, Canada Sotheby's International Realty 396K subscribers Subscribe 4.3K 284K. North America's largest steel-tube manufacturer run by Canadian billionaire Barry Zekelman. [12] The third "Man of Steel" superyacht was an aluminum-hulled 49.8m (163ft) Heesen purchased by Zekelman in 2019; it was previously named the Satori and then the Septimus. Zekelman Industries is a family of companies, 100% domestic manufacturers. Create an account or sign in to continue with your reading experience. The lawyer for Zekelman Industries declined to comment. Sign up to receive daily headline news from the Windsor Star, a division of Postmedia Network Inc. A welcome email is on its way. By CB Staff Its definitely a business venture, but if I never made a penny off it and cured cancer, Id be ecstatic, he told the Windsor Star in 2016. var richData = {"name":"Zekelman Family","assets":{"private":77,"other":23,},"rankings":[{"year":"2018","rank":"24","netWorth":"3460000000",},{"year":"2017","rank":"45","netWorth":"2120000000",},{"year":"2016","rank":"37","netWorth":"2460000000",},{"year":"2015","rank":"20","netWorth":"3100000000",},{"year":"2014","rank":"21","netWorth":"2910000000",},{"year":"2013","rank":"19","netWorth":"2750000000",},{"year":"2012","rank":"20","netWorth":"2620000000",},{"year":"2011","rank":"17","netWorth":"2590000000",},]}. That's how we've grown. Selling a high-priced home generally takes more time because your buying pool of potential customers is smaller, said the realtors association president Gazo. Zekelman is a huge company, with 22 facilities across North America, 17 of which are manufacturing sites, according to its website. Canadian steel magnate Barry Zekelman and his companies have been fined the equivalent of $1.2 million Cdn ($975,000 US) over a $2.2-million ($1.75-million) donation to an organization set up. The yacht is powered by 2 MTU engines. Location: Windsor, Ont. They also own a vacation home in the Caribbean. The content of this website and all associated media are subject to copyright. Visit our Community Guidelines for more information and details on how to adjust your email settings. Barry Zekelman took over his family's steel business at age 19 and has since grown it into one of North America's largest steel pipe and tube makers. The property includes large boat shelters / docking for two large yachts. The College has unveiled a unique design that will see the erection of two floors for an additional 40,000 square feet of space to the southwest wing of the campus. His grandparents were killed in the Holocaust, and his parents were Holocaust survivors. https://t.co/PqDFs93OuK, CBC News Alerts (@CBCAlerts) October 19, 2018. He was born on March 1, 1967. Theres a lot of quiet wealth out there.. America First Action describes itself as "the primary super PAC dedicated to electing federal candidates who support the agenda of the Trump-Pence administration," the FECnotes in its factual and legal analysis of the case. Wheatland Tube (created as a subsidiary of John Maneely Co in 1931), This page was last edited on 7 November 2022, at 22:12. The Canadian CEO of steel-tube manufacturer Zekelman Industries, Zekelman has a significant stake in the Trump administration's policies on steel importsand he and his company have spent millions of dollars to advance those interests. Read more about cookies here. And Zekelman Industries made political donations in the United States skirting or possibly violating a ban on contributions by foreigners . He and his wife, Stephanie, live a lavish lifestyle and own homes around the world. He calls the neoclassical Georgian mansion on Lakeshores Elmgrove Drive quite possibly Southwestern Ontarios finest residence. And it can be yours close to 200 feet of Lake St. Clair shoreline, Versailles-like landscaping, pool with attached waterfall hot tub, and 9,600 square feet of absolute luxury inside for $6,995,500. Canadian steelmagnateBarry Zekelmanand his companieshave been fined the equivalent of $1.2 million Cdn ($975,000 US) over a $2.2-million ($1.75-million)donation to an organization set up to support former U.S. president Donald Trump and candidates aligned with his agenda. Donations were made on April 5, 2018, June 4, 2018, and Oct. 17, 2018. St. Clair College is growing again, with a new Zekelman Centre of Business and Information Technology at the school's Windsor campus. But a few of the older employees helped the young ones along, and we were able to turn around a company that had been losing about $80,000 a month. They own Atlas Tube, a steel tubing manufacturer in Canada and the US. If you are a Home delivery print subscriber, unlimited online access is. 'This can be solved. For more than two years, billionaire Barry Zekelman has been working to pull levers of influence in Trump's Washington. Windsor is a city located in southwestern Ontario, Canada, on the southern shore of the Detroit River, across from the city of Detroit, Michigan in the United States. Dec 07, 2021, 08:01 ET. The MLS currently has 24 houses in Windsor and Essex County listed at $1 million or more. Zekelman puts $31.5M Texas industrial project in pipeline A 16-acre multifamily development headed to North Austin In 10 years, homes in Austin, Texas go from bargain-basement to sky-high I cover breaking news with a focus on markets and sports business. What started as a yacht spotter hobby, turned into a fast-growing yachting site with thousands of unique daily visitors. Matlock said as a designer in Windsor for 20 years, shes regularly bought properties as her principle residence, re-invented them, sold them and moved on to her next project. Thats why, according to the New York Times, Zekelman has been lobbying hard for protectionist policies for steel makers in the United States. The initiative originated from Zekelman Industries, the largest independent steel pipe and tube manufacturer in North America and a leader in modular construction innovations. (Actually, it is closer to Detroit, USA. We encountered an issue signing you up. Name. Where does Barry Zekelman live? The U.S. Federal Election Commission (FEC) found that in 2018, the Windsor, Ont.-born Zekelmancontravened the Federal Election Campaign Act, which prohibits any foreign national from directly or indirectly contributing to any federal, state or local election. The contributions were made through the Pennsylvania-based Wheatland Tube, a pipe and tube subsidiary of Zekelman Industries. We apologize, but this video has failed to load. Ferrari S.p.A. - A company under Italian law, having its registered office at Via Emilia Est No. Windsor is home to several major automotive companies, including Chrysler, Ford, and General Motors, which have had a significant impact on the citys economy and culture. Barry Zekelman is a Canadian billionaire. It is the southernmost city in Canada and is known for its rich history, cultural diversity, and thriving automotive industry. Zekelman Industries, a Chicago-based steel pipe and tube manufacturer, reportedly has estimated annual revenue of $2.8 billion and is owned by Canadian CEO Barry Zekelman and his two brothers . (Photo by Emma McIntyre/Getty Images), National Marine Manufacturers Association, Steven Spielbergs Superyacht Sold After $158 Million Listing, Steven Spielberg Sells His 282-Foot Yacht, Most Recently Asking 131 Million. They just havent been listed as yet, so were the first one up on the chopping block, as it were.. His new poker run boat. Decade after decade, we've remained committed to our customers and end users. Seven are in Lakeshore, mostly in the Russell Woods area, five are in LaSalle, four are on Amherstburgs Boblo Island and there are two each in Leamington and Windsor. The new registered owner of the yacht is Zekelman Investments, according to data. The Times reports that in 2018 Zekelman Industries, the company owned by Barry Zekelman, donated $1.75 million to a fund intended to support Donald Trump. On days off, he likes to race his Ferrari. In addition to his role at Zekelman Industries, Barry Zekelman is known for his philanthropic activities. He is married to Stephanie Zekelman. Her range is 4,750nm. Barry Zekelman, CEO and Chair of Zekelman Industries joined "Mornings with Maria" Friday to discuss the damage Biden's energy policies has had on the steel industry as the administration looks to . Imposing this serious penalty helps protect the voices of voters from being drowned out by foreign corporations and other special interests," Adav Noti, the CLC's vice-president and legal director, said in a newsrelease. He sold the company to the Carlyle Group in 2006 for some $1.2 billion, but continued to help run it. They owned a large house there, which they sold a few years ago. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. Box 500 Station A Toronto, ON Canada, M5W 1E6. Zekelman Industries is a Canadian company owned by the Zekelman family, including billionaires Barry, Clayton, and Alan Zekelman. Zekelman and his wife have donated tens of millions of dollars to the Special Olympics and other charitable causes. Three Canadian billionaires currently on the real-time Forbes list (Barry Zekelman, Clayton Zekelman, and Alan Zekelman) were not on the annual list in 2019. [13][14] A third boat, described as a lake boat, is also named Man of Steel. The propertyissouth ofPinnacle Peak and west of the McDowell Mountains. Windsor Police Service issued a public alert on Sunday following a series of concerning crimes in an area east of Lauzon Parkway on the citys east end. The Zekelmans also have a Caribbean vacation home, where they keep Man of Steel, their 164-foot Heesen yacht (which replaced their previous 124-foot, $16.3 million boat). Zekelman has owned many yachts all named Man of Steel, including two Heesen yachts. Its probably not the most expensive house in the region, said its owner Lorraine ONeill Matlock, a local architectural designer who resides in the home with her husband Keith and their kids. They moor their 50-foot twin-turbine-powered 200 mph catamaran speedboat, Outerlimits, at their home on the Ontario side of Lake St. Clair, across from Detroit. He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. Jewish Insider. The company had 5 employees at that moment. The estatealso has 12 garages and a two-story exercise building. Matlock said she and her husband only became interested in selling when someone locally made inquiries about a year ago. Pseudonyms will no longer be permitted. Zekelman and his brother took over the company from his father after his fathers death. We ask you to keep your comments relevant and respectful. According to theNew York Times,Zekelmanand his wife were invited to a private dinner with Trumpafter the donations were made. Mr. Zekelman, in a settlement deal that his lawyer signed in late March but that was finalized on Friday, also agreed to ask America First Action, which helped support Mr. Trump's 2020 election. (Actually, it is closer to Detroit, USA. Zekelmans net worth has been estimated at 3.46 billion, making him the 24th richest person in Canada. "It's just a vacation home. Watch the video. The firm churns out more than 2.5 million tonnes of steel products each yearprimarily pipes, large structural steel elements and electrical conduits used in construction. Their vacation home in Paradise Valley set a record for private home sales in Arizona; the 10,000 square foot home cost $14 million. She was built as Seven Seas for film producer Steven Spielberg. Barry Zekelman took over his family's steel business at age 19 and has since grown it into one of North America's largest steel pipe and tube makers.