Bernard (Barry) Sherman

$3.00 B

Ranked #660 in World

About Bernard (Barry) Sherman

Barry Sherman, born in Toronto in 1942 to Jewish immigrants and a distinguished alumnus of Massachusetts Institute of Technology, evolved into a pharmaceutical magnate by founding Apotex Inc. in 1974, marking it as Canada's largest homegrown pharmaceutical company. His career was characterized by significant philanthropic efforts, including a $50 million donation to the United Jewish Appeal, and substantial contributions to health sciences and disaster relief through the Apotex Foundation. Despite his philanthropy, Sherman's aggressive business strategies and legal battles, including multiple lawsuits against competitors and the government, painted a complex picture of his persona. His and his wife's mysterious death in December 2017, initially deemed suspicious and later confirmed as homicide, has left the finance and pharmaceutical sectors intrigued as investigations continue without arrests as of May 2022. The legacy of Sherman is multifaceted, spanning beyond his business acumen to include legal controversies and unresolved murder investigations.

Born

March 01, 1942 in Toronto, Ontario, Canada

Died

December 13, 2017 (aged 75)

Source Of Wealth

Pharmaceuticals

Industries

Healthcare

Citizenship

Canada

Education

Bachelor of Science in Engineering, University of Toronto; Doctorate, Massachusetts Institute of Technology; Master of Science, Massachusetts Institute of Technology

Spouse

Honey Reich (Married: 1971)

Children

Barry Sherman was born in Toronto, Canada, in 1942, to Jewish immigrant parents. He demonstrated academic excellence from an early age, graduating from Forest Hill Collegiate Institute with top marks. Sherman's passion for science led him to pursue a doctorate in astrophysics at the prestigious Massachusetts Institute of Technology (MIT), where he further honed his analytical and problem-solving skills.

Bernard (Barry) Sherman: Family

Barry Sherman was married to Honey Sherman, and together they raised four children. The couple was known for their close-knit family and their commitment to philanthropy and community service.

Bernard (Barry) Sherman: Career Highlights

Sherman's career took a significant turn when he purchased Empire Laboratories from the estate of his uncle, Louis Lloyd Winter. This acquisition laid the foundation for his future success in the pharmaceutical industry. In 1974, Sherman founded Apotex Inc., which grew to become Canada's largest domestic pharmaceutical manufacturer. His entrepreneurial spirit and business acumen were instrumental in the company's remarkable growth and success.

Bernard (Barry) Sherman: Companies

Barry Sherman's business ventures extended beyond Apotex Inc. He was involved in nutraceutical manufacturing and other business interests, demonstrating his diverse entrepreneurial talents and interests.

Bernard (Barry) Sherman: Major Achievements

Sherman's philanthropic contributions were substantial and impactful. He donated $50 million to the United Jewish Appeal and other Jewish charities, reflecting his deep commitment to his cultural heritage and community well-being. His support for the Baycrest Health Sciences geriatric center and other community centers further showcased his dedication to social causes.

Bernard (Barry) Sherman: Awards & Achievements

Sherman's contributions to the pharmaceutical industry and his philanthropic efforts were widely recognized. He received numerous awards and accolades, including the Order of Canada, one of the highest civilian honors in the country. His achievements and impact on society were celebrated and acknowledged both nationally and internationally.

Bernard (Barry) Sherman: Personal Life & Legacy

Barry Sherman's personal life was marked by both success and controversy.

He was known for his work ethic and driven nature, often described as a "workaholic." However, his reputation was also tarnished by his litigiousness and involvement in numerous legal battles.

Bernard (Barry) Sherman: Trivia

Sherman's interest in science and technology extended beyond his professional pursuits. He was an avid collector of antique scientific instruments and held a pilot's license, demonstrating his diverse interests and passions.

Wealth History

Timeline

1942

Barry Sherman is born in Toronto to Jewish immigrants.

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Graduates from Forest Hill Collegiate Institute with top marks.

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Earns a doctorate in astrophysics from the Massachusetts Institute of Technology (MIT).

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Purchases Empire Laboratories from the estate of his uncle, Louis Lloyd Winter.

1974

Founds Apotex Inc., which becomes Canada's largest domestic pharmaceutical manufacturer.

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Becomes involved in nutraceutical manufacturing and other businesses.

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Donates $50 million to the United Jewish Appeal and other Jewish charities.

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Supports the Baycrest Health Sciences geriatric center and other community centers.

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Apotex Foundation donates over $50 million worth of medicines to disaster zones.

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Apotex files numerous lawsuits against the government and competitors.

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Sues his cousins over royalties and equity in Apotex.

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Engages in legal battles with contractors over the construction of his home.

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Actively lobbies for changes in drug patent laws.

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Supports political parties and candidates who align with his interests.

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Under investigation for potential breach of lobbying rules.

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Decides to move to a new house in Forest Hill, Toronto.

December 13, 2017

Barry and Honey Sherman are found deceased in their North York home.

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Cause of death determined to be 'ligature neck compression.'

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Police initially consider murder-suicide, but the family disputes this theory.

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Toronto Police Service is investigating the deaths as a double homicide.

May 2022

No arrests or charges have been made as of May 2022.

December 15, 2017

Barry and Honey Sherman are found dead in their home.

January 2018

A second autopsy establishes the cause of death as homicide.

October 2018

The family offers a $10 million reward for information leading to an arrest and prosecution.

April 2019

Toronto Police announce they have a 'working theory' but do not disclose details.

End of 2019

Private investigators working for the family close their investigation.

April 2022

Toronto Police state the case is still under investigation with no charges filed.

November 2020

Toronto police identify a 'person of interest' in the case.

December 2021

Security camera footage of a suspect is released by the police.

January 2022

Court documents suggest Barry Sherman owed $1 billion to other companies.

2023

A documentary television series titled 'Billionaire Murders' is announced.

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Jonathon Sherman donates $52 million to build a memorial arena in honor of his parents.

Bernard (Barry) Sherman : FAQs

What is Bernard (Barry) Sherman's net worth?

As of 2017, Bernard (Barry) Sherman's net worth was $3.00 billion.

What are Bernard (Barry) Sherman's main sources of wealth?

Bernard (Barry) Sherman's main source of income comes from Pharmaceuticals.

In which industry does Bernard (Barry) Sherman primarily operate?

Bernard (Barry) Sherman is primarily involved in the Healthcare industry.

What is Bernard (Barry) Sherman educational background?

Bernard (Barry) Sherman holds a Bachelor of Science in Engineering from the University of Toronto, a Doctorate from Massachusetts Institute of Technology and a Master of Science from Massachusetts Institute of Technology.

Is Bernard (Barry) Sherman dead?

Yes, Bernard (Barry) Sherman died on December 13, 2017 (aged 75).

How many children does Bernard (Barry) Sherman have?

Bernard (Barry) Sherman has 4 children.

What was Barry Sherman known for in his professional career?

Barry Sherman was known for purchasing Empire Laboratories and founding Apotex Inc. in 1974, which became Canada's largest domestic pharmaceutical manufacturer. He was also involved in nutraceutical manufacturing among other businesses.

How did Barry Sherman contribute to philanthropy?

Barry Sherman donated $50 million to the United Jewish Appeal and other Jewish charities, supported the Baycrest Health Sciences geriatric center, and through the Apotex Foundation, donated over $50 million worth of medicines to disaster zones.

What controversies surrounded Barry Sherman's reputation?

Barry Sherman had a mixed reputation, admired for his philanthropic efforts but also criticized for high drug prices and aggressive legal tactics. He was known as a workaholic and was often involved in litigation.

What are the details surrounding Barry Sherman's death?

Barry Sherman and his wife, Honey, were found deceased in their North York home on December 13, 2017, with the cause of death determined to be 'ligature neck compression'. The Toronto Police Service is investigating the deaths as a double homicide, with the case still active and ongoing as of May 2022.

What key events have occurred in the investigation of the Sherman murders?

Key events in the investigation include a second autopsy indicating homicide, a $10 million reward offered by the family for information, the identification of a 'person of interest' by Toronto police, the release of security camera footage of a suspect, and ongoing legal battles involving the Sherman's estate. The case remains under active investigation with no charges filed as of April 2022.