This York University drop out is no slouch in the boardroom either. He and his family bought it back in 2011. Canadian steel magnate Barry Zekelman fined $1.2M Cdn for donations to Trump-aligned political group | CBC News Loaded. The city has a vibrant food scene, with many restaurants offering a variety of international cuisine. 'Holy glorious, it looks amazing,' is how Windsor-Essex County Association of Realtors president Kim Gazo describes a Russell Woods waterfront home she believes is the most expensive local home ever listed. The lawyer for Zekelman Industries declined to comment. We apologize, but this video has failed to load. 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. Group companies include Western Tube, Hayes Modular, and Picoma. Merle Wood of Merle Wood & Associates, the brokerage firm that orchestrated the sale, told Forbes that the yacht was renamed Man of Steel, a name Zekelman is known to use for his boats, though Wood would not confirm if Zekelman is the new owner. Major company holdings: Atlas Tube Representatives for Spielberg and Zekelman have yet to respond to Forbes request for comment. A majority stake was sold to the Carlyle Group in 2006 for $1.5 billion CND.. St. Clair College is growing again, with a new Zekelman Centre of Business and Information Technology at the school's Windsor campus. & Bloomfield Hills, Mich. The CLC said the fineis the third highest ever imposed by the FEC. He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. Its unique decor and craftsmanship could rival the treasures adorning the walls of the worlds most prestigious art galleries. They owned a large house there, which they sold a few years ago. The company name was changed to Zekelman Industries in 2016. Zekelman Industries CEO Barry Zekelman describes the Z-Modular units to College President Patti France and Windsor Mayor Drew Dilkens. This advertisement has not loaded yet, but your article continues below. The Zekelman family runs the largest independent steel tube manufacturer in North America, and they want everyone to know it: Last year the clan changed the name of the company from JMC Steel Group to Zekelman Industries, Inc. If you are a Home delivery print subscriber, unlimited online access is. Copyright 2023 St. Joseph Communications. You probably need to be more creative marketing the home, she said, perhaps advertising in luxury magazines and on the Internet to appeal to people in other areas who need to be made aware of the Windsor area. The Zekelman family gained majority control of JMC last year. She said there seems to be an increase in the number of high-priced homes for sale. Name. I wasnt expecting it, quality wise, and of course being on the water is a bonus.. Are the days of free AI tools coming to an end? Today, Barry Zekelman leads the largest independent steel pipe and tube manufacturer in North America with sales in excess of $5 billion. $3.7 billion. Bob Hassett ofRuss Lyon Sotheby's had the listing for the home. "The big boat stays in the islands-that's to clear my head and to relax. One of Zekelman Industries' subsidiaries, Atlas Tube, produced steel for stretches of the Mexican border wall in Arizona. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Barry Zekelman House He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. Their vacation home in Paradise Valley set a record for private home sales in Arizona; the 10,000 square foot home cost $14 million. ChatGPT: The Weirdest Things People Ask AI To Solve, The Phone That Can Fully Charge In 5 Minutes, Reports: Barry Trotz To Succeed Retiring David Poile As Nashville Predators GM, GeForce Now Ultimate Turns Macs Into Great Gaming Machines, Barry X Ball + LG: At The Cutting Edge Of Frieze LA. There was an error, please provide a valid email address. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. The gift is the single largest charitable donation received in the Holocaust Memorial Center's 37-year history. where Zekelman finds a brief escape from the everyday-where he can don his Z-emblem speedster like a $2 . January 3, 2023 Formerly owned by Steven Spielberg, the stunning MAN OF STEEL yacht was sold to Barry Zekelman in 2021. Unauthorized distribution, transmission or republication strictly prohibited. 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. The director, co-writer, and co-producer's culture clash romantic comedy is also a love letter to LA. Windsor is a multicultural city with a large population of immigrants from around the world, including many from Europe, Asia, and the Middle East. Carlyle and Zekelman nearly sold them to Novolipetsk Steel (NLMK) for $3.5 billion in 2008, but the deal fell through in late 2008, with DBO/Carlyle suing NLMK for breach of contract. He sold the company to the Carlyle Group in 2006 for some $1.2 billion, but continued to help run it. According to theNew York Times,Zekelmanand his wife were invited to a private dinner with Trumpafter the donations were made. Zekelman and his wife Stephanie live on the Ontario side of Lake St. Clair, just across from Detroit. Matlock said theyve had inquiries from as far away as Miami, Vancouver and Dubai. He has also supported political causes and candidates in both the United States and Canada. It really feels like youre in the Mediterranean.. Selling a high-priced home generally takes more time because your buying pool of potential customers is smaller, said the realtors association president Gazo. (Luxury travels of the Billionaire Boys Club). They sold the company in 2006 for $1.2 billion to the Carlyle Group. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Barry Zekelman broke campaign finance law by helping direct the contributions from Wheatland Tube, a U.S.-based company he controls, to Super PAC America First Action in 2018, the Federal Election . Create an account or sign in to continue with your reading experience. A 25,000-square-foot mansionlocated on almost seven acres in north Scottsdalewas sold Monday. This is not THE most expensive home in the city, she said. Wes Moore, Daily Kickoff: What Bibi told Tikvah + Nides to expand Fulbright in Israel. Changpeng Zhao. Thats why, according to the New York Times, Zekelman has been lobbying hard for protectionist policies for steel makers in the United States. 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. Attachments zuperman1.JPG A majority stake was sold to the Carlyle Group in 2006 for $1.5 billion CND. The content of this website and all associated media are subject to copyright. Billionaire film director Steven Spielberg has sold his superyacht Seven Seas for 130 million ($150 million) to billionaire steel baron Barry Zekelman. They donated $10 million dollars to the Holocaust Memorial Center in the names of Zekelmans grandparents and parents. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. 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 . Photos of the mansion show rooms with marble fireplaces, winding staircases under huge chandeliers, andterraced walkways overlooking a large pool with dual diving boards. Heres what you need to know about Barry Zekelman: The New York Times reported that last year, Zekelman and his wife took part in a small dinner with President Trump and his eldest son, Donald Trump Jr. Zekelman told the Times that they had talked about quotas that the United States was planning to impose on steel imports from South Korea. In investigating a complaint from Campaign Legal Center (CLC), a non-partisan democracy group in the U.S., the FECconcludedthe chief executive officer ofZekelman Industriesprovided "substantial assistance" throughone of his companies making donations to the political group America First Action. Jun 9, 2010 Barry Zekelman, Windsor Billionaire. Measuring a length of 86 meters she is one of the world's largest yachts. The next issue of Windsor Star Headline News will soon be in your inbox. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. The SuperYachtFan team is active in Investigative journalism. 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The estatealso has 12 garages and a two-story exercise building. https://en.wikipedia.org/wiki/Zekelman_Industries, https://www.forbes.com/profile/barry-zekelman/. Decorated filmmaker Steven Spielberg recently sold, his yacht for about $150 million. The Mediterranean-style. He sold the company to the Carlyle Group in. 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. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. Within weeks of its . That's how we've grown. Canadian steel exec blasts Foreign Minister Chrystia Freeland for not finding a steel and aluminum tariff solution. 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. Zekelman lobbied Trump regarding steel tariffs, the border wall, and trucking regulations. Since then, he has grown it into one of the largest North America's steel pipe and tube makers. Built in 2010, the 282-foot yacht can accommodate 20 guests, has nine staterooms, a helipad and, fitting given its original owners background, a movie theater, according to its listing. It's not as if hes somebody of stature like, oh, say, Barry Bonds or Roger Clemens. 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. So they listed with him in May because he could market it in Toronto, Windsor and beyond Ontarios borders. When search suggestions are available use up and down arrows to review and enter to select. 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 . This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. He has donated significant amounts of money to various causes, including healthcare, education, and community development. Since buying his first house on Elm Grove Drive in 1997, Zekelman has been fixing up the area at his own cost. Box 500 Station A Toronto, ON Canada, M5W 1E6. PARADISE VALLEY, Ariz., April 22 (UPI) -- Canadian Stephanie Zekelman says she's surprised the $14 million she has agreed to pay for a mansion in Paradise Valley, Ariz., reportedly is a state record. Steven Spielbergs Superyacht Sold After $158 Million Listing (Bloomberg), Steven Spielberg Sells His 282-Foot Yacht, Most Recently Asking 131 Million (Mansion Global). It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system. Zekelman races Ferraris and has owned a series of yachts named "Man of Steel. They owned a large house there, which they sold a few years ago. In total, the Zekelmans have given $25 million to the organization over the years. The building will also house the college's 7,000 square foot esports facility, billed as the largest of its kind in Canada, when it opens later this summer. And He's Canadian", "Tape Made Public of Trump Discussing Ukraine With Donors", "Donations Steered to Trump Super PAC by Canadian Are Found to Be Illegal", "Price Drop on Heesen Motor Yacht Man of Steel", https://en.wikipedia.org/w/index.php?title=Zekelman_Industries&oldid=1120607238. In a statement on Monday, Barsky said it has been "a great privilege" to head the museum, located in Philadelphia, Pennsylvania. Previously known as SEVEN SEAS, the name was inspired by the fact Spielberg had seven children. Net worth ( USD) Industry. Its a recently-built masterpiece of design and quality, according to the Toronto-based realtor who has the listing, Robert Pettigrew. CBC News has reached out to Zekelman for comment, through a representative of Zekelman Industries, but had not yet heard back at time of publication. A 25,000-square-foot mansion located on almost seven acres in north Scottsdale was sold Monday. Zekelmans net worth has been estimated at 3.46 billion, making him the 24th richest person in Canada. They own Atlas Tube, a steel tubing manufacturer in Canada and the US. Barry Zekelman was involved in a 2018 decision to contribute to America First Action by pipe and tube manufacturing company Wheatland Tube, a U.S. subsidiary of Zekelman Industries, the agency found. Barry Trotz makes perfect sense to be his replacement. We spend a lot of team researching and deeply investigating yacht ownership structures. 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. Zekelman subsidiaries and locations include:[8], Zekelman Industries provides steel tubing to the US-Mexico border wall. Photo by: @evan.marcon #winning #windsorcars #windsorexotics #windsorcarspotters #beast #ferrari #ferrari458 #racer #exhaust #extrafast #supercar #red, A post shared by Cars In And Around Windsor (@windsor_exotics) on Jan 4, 2016 at 1:59pm PST. As CEO of JMC Steel Group, the largest privately owned steel pipe and tube maker in North America, Mr. Zekelman buys 2.5 million tons of the stuff a year. Carlyle and Zekelman nearly sold them to . I dont think it is and I actually think those duties should be much higher, he said. 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. It's the second-highest price ever paid for an Arizona home: $13.7 million. It has five fireplaces, nine washrooms, two kitchens, a 1,625-square-foot garage tucked unobtrusively into the side, a jet ski lift on the dock and a huge covered terrace. With thousands of daily visitors and a strong growth rate, The details about yacht ownership as stated on this site and in our Yacht Owners Register are, The content of this website and all associated media are subject to. Zekelman, founded in 1877, has never been traded publicly before. Barry Zekelman - $2.78 billion Barry currently serves as the President, Chairman and CEO of Zekelman Industries, the family steel and pipes business. [10], As a foreign business executive trying to buy influence through spending on American elections, the Campaign Legal Center (CLC) filed a complaint against Zekelman with the Federal Election Commission in 2019. Filings with the Texas agency often show only preliminary plans that can. Barry Zekelman, the CEO of steel pipe and tube manufacturer Zekelman Industries, says he welcomes free and fair trade agreements, but argues 'the key is enforcing these agreements.' Built in 2010, the 282-foot yacht can. If you don't see it, please check your junk folder. Comments on this story are moderated according to our Submission Guidelines. Theywere authorized after the company's president, who is American,consulted with another company officer in the U.S. Zekelman acknowledged he also participated in discussions at Zekelman Industries and Wheatland Tube about the contributions, the FECsaid. Rich 100 rank: #24 December 24, 2015. She has a crew of 26. pic.twitter.com/Gl9kNSjttV. Canadian steelmaker's connection to $1.75M donation for Trump sparks complaint, 2nd complaint filed in connection with Canadian steelmaker's alleged involvement in Trump support, CBC's Journalistic Standards and Practices. Where does Barry Zekelman live? The development address is 5825 U.S. Highway 281 South in Marble Falls, a town of 7,500 about 48 miles northwest of Austin. CHICAGO, May 28, 2021 /PRNewswire/ -- Zekelman Industries is excited to announce plans to build a fully automated warehouse at its Wheatland Tube facility in Warren, Ohio. The latest Baseball Hall of Famer? It took two years to create a home that is capable of very easily entertaining a party of 100, but is also an intimate home for her family. Both companies, controlled by Barry Zekelman, chief executive officer of Zekelman Industries, have reached a settlement with the FEC for the companies to pay a $975,000 fine for illegally. Why Kenya Barris Wanted You People To Be His Feature Directorial Debut, Cooperstown Says No To Barry Bonds And Roger Clemens, But Yes To Scott Rolen. These bring her a top speed of 20 knots. This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. Subscribe now to read the latest news in your city and across Canada. PARADISE VALLEY, Ariz., April 22 (UPI) -- Canadian Stephanie Zekelman says she's surprised the $14 million she has agreed to pay for a mansion in Paradise Valley, Ariz., reportedly is a state record. CEO Barry Zekelman also made Forbes' recent billionaires. Please note that CBC does not endorse the opinions expressed in comments. A Washington watchdog group has filed complaints of alleged law breaking and ethics violations surrounding Windsor businessman Barry Zekelman's support of Donald Trump, including $1.75 million . Is that 25 percent duty enough? At $6,995,500, it is believed to be one of the most expensive homes on the market in the Essex County area. What started as a yacht spotter hobby, turned into a fast-growing yachting site with thousands of unique daily visitors. He was entrusted with the family business at quite an early age, taking over the family's steel business at the age of 19. Zekelmans net worth has been estimated at 3.46 billion, making him the 24th richest person in Canada. On the other hand where theres smoke, there is fire ;-). Zekelman and his brothers inherited Atlas Tube when their father died in 1986. Zekelman Industries operates a number of subsidiaries and brands, including Wheatland Tube, Sharon Tube, and Picoma. Zekelman and his wife have donated tens of millions of dollars to the Special Olympics and other charitable causes. 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. He was the owner of a Gulfstream G550 private jet, with registration N501ZK. He talked about "Why Manufacturing Matters" to our communities, our security, & our economy. The yacht is powered by 2 MTU engines. Zekelman was a freshman in college when his father Harry passed away, leaving his newly-formed steel tubing business, Atlas, to Barry and his older brother, Alan. 2023 Windsor Star, a division of Postmedia Network Inc. All rights reserved. . In April 2022, the F. E C. fined Zekelman $975,000 in the case, one of the biggest penalties it has ever assessed.[11]. Copyright 2023 United Press International, Inc. All Rights Reserved. He was born on March 1, 1967. A database with more than 1,450 yacht owners. The $23-million expansion will feature classrooms, student study areas, meeting rooms and . George Santos Temporarily . The 10,000-square-foot in the tony Phoenix suburb means Zekelman will be neighbors with the likes of former hockey greats Wayne Gretzky and Claude Lemieux, jazz singer George Benson and major league pitcher Randy Johnson. 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. The propertyissouth ofPinnacle Peak and west of the McDowell Mountains. Zekelman Industries is a family of companies, 100% domestic manufacturers. Jewish Insider. She was built as Seven Seas for film producer Steven Spielberg. We are not sure which jet Zekelman currently owns. A trusted Simon School advisor, Zekelman has served on the Executive Advisory Committee since 2010. He made headlines when he was captured on a secret recording of a 2018 Trump donor dinner, bending the president's ear about the steel business. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. (Actually, it is closer to Detroit, USA. Later Atlas Tube merged with JMC Steel. The couple also owns a 50 foot catamaran speedboat named Outerlimits. COMPLAINANTS: Campaign Legal Center and Margaret Christ RESPONDENTS: Zekelman Industries, Inc. (Zekelman Industries); Wheatland Tube, LLC; Barry Zekelman; Roger B. Schagrin; and America First Action, Inc., and Jon Proch, in his official capacity as treasurer (America First Action) SUBJECT: The complaint alleged that Wheatland Tube, LLC, a U.S . Keep your finger on the pulse of your local sports teams, delivered straight to your inbox, At $7 million, this may be the region's most expensive home ever listed, Windsor's first public housing project in decades now accepting renters, OPP: $15,000 recently lost to the 'grandparent scam' in Essex County, Windsor police investigate drug network with ties to Toronto, Unifor president supports striking workers in Windsor, Average housing prices creep up for second consecutive month, A home located at 340 Elmgrove Dr. in Lakeshore, Ont., is seen on Wednesday , July 31, 2013.
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