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. History. Zekelman was born and raised in Windsor, Ontario. (Actually, it is closer to Detroit, USA. [4] List of wealthiest Canadians (Bloomberg, 22 May 2022) [4] [note 2] World rank. Zekelman family bought it back in 2011. Comments are welcome while open. Later Atlas Tube merged with JMC Steel. The U.S. Federal Election Commission (FEC) found that in 2018, the Windsor, Ont.-born Zekelman contravened the Federal . He sold the company to the Carlyle Group in 2006 for some $1.2 billion, but continued to help run it. Barry M Zekelman is Chairman/CEO at Zekelman Industries Inc. He and his wife own a yacht named Man of Steel. 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. 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. They built an amazing and very large new home next to it. Lakeshore town council approved a draft budget Monday containing a 3.75 per cent tax increase that translates into an average rise of $66 per year on the municipal portion of the property tax bill. And Zekelman Industries made political donations in the United States skirting or possibly violating a ban on contributions by foreigners . Notion charges users up to $10 per month to use its AI assistant. There was an error, please provide a valid email address. This York University drop out is no slouch in the boardroom either. The stunning allegations follow Forbes estimates last month that Silberts fortune had evaporated, and as government investigations into Silberts companies ramp up. 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 . 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. Often actual yacht ownership by the private individuals mentioned can not be confirmed, at least from a legal point of view. A majority stake was sold to the Carlyle Group in 2006 for $1.5 billion CND. The donation represents the lead gift toward the Holocaust Memorial Center's $100 million Comprehensive Campaign. Atlas is now among four JMC manufacturing divisions. Please note that CBC does not endorse the opinions expressed in comments. Lloyd Foxof Long Realty's TheFox Group worked with the buyer.Bel Sogno Estate LLC, led by Marcia Rowley, co-founder of International Cruise & Excursions Inc., sold the home.Via Ventosa Scottsdale LLC, led by orthopedic surgeon Blake Stamper, bought theestate, according to public real-estate records. 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). Atlas Tube was founded in 1984 by Harry Zekelman. Windsor is also home to several notable landmarks, including the Canadian Club Distillery, which produces the famous Canadian whisky, and the Detroit-Windsor Tunnel, a vehicular tunnel that connects the two cities. In 2009SuperYachtFanin its current format was published online and soon the focus changed from yacht photos toyacht owners, creating theSuper Yacht Owners Register. Barsky was named CEO in 2012, two years after the museum opened a new $150 million building. The company had 5 employees at that moment. 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. Her range is 4,750nm. Zekelman is expected to request the AFA refund the $1.75 million in contributions. 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. Most are on the water. 2023 Forbes Media LLC. Hisnet worth is estimated at $3 billion. Barry Trotz makes perfect sense to be his replacement. He talked about "Why Manufacturing Matters" to our communities, our security, & our economy. Zekelman lobbied Trump regarding steel tariffs, the border wall, and trucking regulations. Ther 164-foot craft is a replacement for which replaced their previous 124-foot, $16.3 million boat. Copyright 2023 St. Joseph Communications. PARADISE VALLEY, Ariz., April 22 (UPI) --. (. [9] A Zekelman Industries subsidiary, Wheatland Tube, donated $1.75 million to the America First Action super-PAC to elect Donald Trump, a financial maneuver considered questionable for a foreign citizen. Thats whats happening in this case. Theres a lot of quiet wealth out there.. (Luxury travels of the Billionaire Boys Club). They donated $10 million dollars to the Holocaust Memorial Center in the names of Zekelmans grandparents and parents. His grandparents were killed in the Holocaust, and his parents were Holocaust survivors. Mansions plentiful in metro Phoenix, Peek inside $35 million Paradise Valley mansion for sale; most expensive in Arizona, AZ International Auto Show & New Car Buyer's Guide 2020 Model Year, Your California Privacy Rights/Privacy Policy. In addition to his role at Zekelman Industries, Barry Zekelman is known for his philanthropic activities. 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 . Zekelman subsidiaries and locations include:[8], Zekelman Industries provides steel tubing to the US-Mexico border wall. He is the owner of the Oceanco yacht Man of Steel. 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. 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. We ask you to keep your comments relevant and respectful. Rich 100 rank: #24 At Zekelman Industries, we trace our legacy of delivering successful solutions back to 1877. The Times reported that some of Zekelmans lobbying activities may have skirted or even violated the law. The politics and business news you need to stay up to date, delivered daily in a must-read newsletter. Comments may take up to an hour for moderation before appearing on the site. The ceiling in the living. January 3, 2023 Formerly owned by Steven Spielberg, the stunning MAN OF STEEL yacht was sold to Barry Zekelman in 2021. Zekelman Industries operates a number of subsidiaries and brands, including Wheatland Tube, Sharon Tube, and Picoma. Staff, students and the community got a sneak peek this week of the new $23-million GEM residence under construction on St. Clair College's South campus. [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. Major company holdings: Atlas Tube A section of the centre is shown. We make structural steel and pipe products, and we are revolutionizing the off-site construction industry with modular building innovations for creating multi-family housing and facilities for all kinds of companies quickly and efficiently. At the cutting edge of technology and Art, LG electronics had a particularly innovative installation at Frieze LA, featuring Digital and NFT work by artist Barry X Ball, whose sculpture sit at the intersection of traditional sculpture and technology. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. 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. 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",},]}. 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. 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. Windsor is a multicultural city with a large population of immigrants from around the world, including many from Europe, Asia, and the Middle East. Jun 9, 2010 Barry Zekelman, Windsor Billionaire. It's the second-highest price ever paid for an Arizona home: $13.7 million. Its a little bit longer to sell because of the small buying pool, but I think its good to see for our area, to show we have homes of that value in our neighbourhoods.. Zekelman, founded in 1877, has never been traded publicly before. 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. Barry Zekelman - $2.78 billion Barry currently serves as the President, Chairman and CEO of Zekelman Industries, the family steel and pipes business. Barry Zekelman, CEO of Zekelman Industries, discusses the vital role the steel industry plays in America's economy."We don't have one dollar of GDP that happ. Thats how much Spielberg is worth, by Forbes estimates, while Zekelman is worth $2.3 billion. Group companies include Western Tube, Hayes Modular, and Picoma. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system. (TYLER BROWNBRIDGE/The Windsor Star), Incident under investigation in downtown Windsor, Windsor police issue crime alert in area on city's east end, Lakeshore residents facing 3.75 per cent tax hike, Riverside Drive mansion for sale a 'work of art', Lakeshore breaks ground on new wastewater plant expansion, easing capacity woes, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account, Get exclusive access to the Windsor Star ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. Canadian steel magnate Barry Zekelman fined $1.2M Cdn for donations to Trump-aligned political group | CBC News Loaded. 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. Atlas Tube now manufactures the largest HSS and pipe pile size ranges in the world. On days off, he likes to race his Ferrari. "Business sale makes Zekelman a billion-dollar man", "Windsor's man of steel bends to market forces", "UPDATE 1-Carlyle says to sell JMC Steel stake", "Carlyle steel unit sale to Russian firm collapses", "Former Atlas Tube part of Novolipetsk deal", "Wheatland Tube's owner merging with Atlas Tube in $1.5 billion deal", "Carlyle Will Get $234 Million Settlement For Failed Deal With Novolipetsk Steel", "He's One of the Biggest Backers of Trump's Push to Protect American Steel. Billionaire film director Steven Spielberg has sold his superyacht Seven Seas for 130 million ($150 million) to billionaire steel baron Barry Zekelman. 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. Also not included in this increase figure is $3.7 billion. Zekelman Industries is a Canadian company owned by the Zekelman family, including billionaires Barry, Clayton, and Alan Zekelman. Our reporting is copied and/or used by many international media companies. [3] The company name was changed to Zekelman Industries in 2016. The city is also known for its proximity to Detroit, which has had a strong influence on Windsors music, art, and culinary scenes. He has donated significant amounts of money to various causes, including healthcare, education, and community development. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. What started as a yacht spotter hobby, turned into a fast-growing yachting site with thousands of unique daily visitors. Barry Zekelman owns a million-dollar cigarette boat named Man of Steel. [2], In 20062008, the Carlyle Group purchased John Maneely Co (founded in 1877) for $550 million,[3] then purchased Atlas Tube, and Sharon Tube (founded in 1929), forming them into JMC Steel Group under DBO Holdings. "I didn't know it was news," the Windsor, Ontario, resident told Canwest News Service. 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. Outerlimits 48 ft cat with twin 1800hp helicopter jet turbines. (Actually, it is closer to Detroit, USA. [9][2] He also has owned several superyachts named Man of Steel; he previously owned a 2005 36.8m (121ft) Heesen 3700 named Man of Steel. On the other hand where theres smoke, there is fire ;-). He was entrusted with the family business at quite an early age, taking over the family's steel business at the age of 19. [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. Selling a high-priced home generally takes more time because your buying pool of potential customers is smaller, said the realtors association president Gazo. 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. Notion Starts Charging For AI Assistant: Will Microsoft Follow Suit? He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. Barry Zekelman's corporate empire and family - including his wife and brother - also made at least US$2.6-million in contributions to American politicians and political campaigns over decades. Zekelman later praised the president for his policies. Zekelman and his brother took over the company from his father after his fathers death. Attachments zuperman1.JPG Visit our Community Guidelines for more information and details on how to adjust your email settings. Zekelman now plans to build a new home on six lots on Elm Grove Drive he bought across from the boat shelters. This site is for entertainment purposes only. ", Related by financial asset: Zekelman Industries, Here are some of the strangest things people have asked a ChatGPT chatbot to answer, Twitter appears to be suffering a partial outage, with Twitter timelines appearing blank on the website, Demo shows a 300W charger topping up Xiaomi's Redmi Note 12+ Pro in just under five minutes, Lenovo unveils the ThinkPad Z13 Gen2, which has a cover partially constructed from woven flax. They built an amazing and very large new home next to it. She has a crew of 26. 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 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. It was sold and renamed Inception. Subscribe now to read the latest news in your city and across Canada. Wes Moore, Daily Kickoff: What Bibi told Tikvah + Nides to expand Fulbright in Israel. The superyacht can accommodate 12 guests in 6 suites. 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. Most of his business is in the United States. 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. The property includes large boat shelters / docking for two large yachts. 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. If you don't see it, please check your junk folder. The city has several parks and recreational areas, including the Windsor Riverfront, a popular destination for tourists and locals alike. I have family there, and I've wanted a home there for many years, and that was it.". They owned a large house there, which they sold a few years ago. The views, especially from the second floor, are unparalleled. They owned a large house there, which they sold a few years ago. With four bedrooms, there are lots of houses that size in Southwestern Ontario, said Pettigrew. His assets include Western Tube Hayes Modular, a large yacht named MAN OF STEEL, a business jet, and a large real estate portfolio. 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. The lawyer for Zekelman Industries declined to comment. He received his early education in Windsor and later attended York University in Toronto, Ontario. 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. Carlyle and Zekelman nearly sold them to . By CB Staff Family and Youth Emergency Shelter, sponsored by the Stephanie and Barry Zekelman Foundation, opens at Downtown Mission. Zekelman announced the approximately 84,000-square-foot addition to the Dietz Road plant, which manufactures tube and pipe primarily for low-pressure fluid conveyance . Barry Zekelman: 5 Fast Facts You Need to Know, Copyright 2023 Heavy, Inc. All rights reserved. He was the owner of a Gulfstream G550 private jet, with registration N501ZK. 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. [1], Atlas Tube was founded in 1984 by Harry Zekelman. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Zekelmans net worth has been estimated at 3.46 billion, making him the 24th richest person in Canada. Powered by. It has a relaxed glamour to it., She said the home is designed to be open, airy and bright. Barry Zekelman is a Canadian billionaire who owns steels plants both in Canada and in the United States. It's not as if hes somebody of stature like, oh, say, Barry Bonds or Roger Clemens. The gift is the single largest charitable donation received in the Holocaust Memorial Center's 37-year history. 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. We spend a lot of team researching and deeply investigating yacht ownership structures.