Paul Desmarais, Date of Birth, Place of Birth, Date of Death

    

Paul Desmarais

Canadian businessman

Date of Birth: 04-Jan-1927

Place of Birth: Greater Sudbury, Ontario, Canada

Date of Death: 08-Oct-2013

Profession: entrepreneur, president and chief executive officer

Nationality: Canada

Zodiac Sign: Capricorn


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About Paul Desmarais

  • Paul Desmarais Sr.
  • (January 4, 1927 – October 8, 2013) was a Canadian financier and philanthropist, based in Montreal.
  • With an estimated family net worth of US$4.5 billion (as of March 2011), Desmarais was ranked by Forbes as the fourth wealthiest person in Canada and 235th in the world in 2013.
  • He was chairman and chief executive officer of Power Corporation of Canada until 1996 when he passed the reins of management of Power Corporation to his sons, Paul Jr.
  • and André.
  • He then continued to serve as a director and as chairman of the executive committee of the board, and remained the controlling shareholder.
  • Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, renewable energy, communications and other business sectors. Desmarais was highly regarded for his standard of integrity and his commitment to a united and prosperous Canada.

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