Its unique decor and craftsmanship could rival the treasures adorning the walls of the worlds most prestigious art galleries. Comments on this story are moderated according to our Submission Guidelines. A majority stake was sold to the Carlyle Group in 2006 for $1.5 billion CND.. 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. He replaced this with a steel-hulled 50m (160ft) Heesen in 2008, the largest they had built at the time. He told Canadian broadcaster CBC that Trumps plans for a 25 percent tariff for steel and 10 percent for aluminum was an example the Canadian government should follow. Theres a lot of quiet wealth out there.. He was born on March 1, 1967. 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. Also not included in this increase figure is 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. It's the second-highest price ever paid for an Arizona home: $13.7 million. 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. There was an error, please provide a valid email address. 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. CEO Barry Zekelman also made Forbes' recent billionaires. Matlock said theyve had inquiries from as far away as Miami, Vancouver and Dubai. [9][10] Barry Zekelman dined with Donald Trump at a private Trump Hotel DC dinner by America First Action. Barry Zekelman - $2.78 billion Barry currently serves as the President, Chairman and CEO of Zekelman Industries, the family steel and pipes business. A variety of newsletters you'll love, delivered straight to you. In April 2022, the F. E C. fined Zekelman $975,000 in the case, one of the biggest penalties it has ever assessed.[11]. They just havent been listed as yet, so were the first one up on the chopping block, as it were.. House GOP Leaders Stefanik and Scalise Hold Weekly News Briefing Transcript 1 month ago. 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. Steven Spielbergs Superyacht Sold After $158 Million Listing (Bloomberg), Steven Spielberg Sells His 282-Foot Yacht, Most Recently Asking 131 Million (Mansion Global). The company name was changed to Zekelman Industries in 2016. George Santos Temporarily . The CLC said the fineis the third highest ever imposed by the FEC. By CB Staff The new registered owner of the yacht is Zekelman Investments, according to data. Barry Zekelman House He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. He sold the company to the Carlyle Group in 2006 for some $1.2 billion, but continued to help run it. The ceiling in the living. The Zekelman Foundation has agreed to partner as the Platinum sponsor, giving them naming rights of the housing initiative. Representatives for Spielberg and Zekelman have yet to respond to Forbes request for comment. Barry Zekelman, the Windsor, Ont.-area owner of a North American steel tube and pipe empire, is backing U.S. President Donald Trump's proposed tariffs and offering all employees a $1,000 annual . Outerlimits 48 ft cat with twin 1800hp helicopter jet turbines. "We applaud the FEC for doing its job. Family and Youth Emergency Shelter, sponsored by the Stephanie and Barry Zekelman Foundation, opens at Downtown Mission. 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. Copyright 2023 St. Joseph Communications. This is not THE most expensive home in the city, she said. [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. The latest Baseball Hall of Famer? 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. 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. [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. Please try again. 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. The city has several parks and recreational areas, including the Windsor Riverfront, a popular destination for tourists and locals alike. The $23-million expansion will feature classrooms, student study areas, meeting rooms and . Change in rank from 2017: 21 She was built as Seven Seas for film producer Steven Spielberg. We ask you to keep your comments relevant and respectful. The couple has also owned a number of Porsches, Lamborghinis and Ferraris. Zekelman and his brothers inherited Atlas Tube when their father died in 1986. 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. Please mention SuperYachtFan when using this information. Zekelman, founded in 1877, has never been traded publicly before. Congratulations to Barry Zekelman, our Executive Chairman and CEO, for being inducted into the National Association of Steel Pipe Distributors Liked by Mickey McNamara We are advancing. With four bedrooms, there are lots of houses that size in Southwestern Ontario, said Pettigrew. 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 yacht is powered by 2 MTU engines. A database with more than 1,450 yacht owners. Barry Zekelman's fine is the third-largest ever levied by the U.S. Federal Election Commission, according to Campaign Legal Center, which filed the complaint three years ago Author of the article . He and his wife, Stephanie, live a lavish lifestyle and own homes around the world. These bring her a top speed of 20 knots. 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. Location: Windsor, Ont. But what makes it so incredible is its location on the water and the quality of the finishes, really second to none.. The Mediterranean-style mansioncomes with nine bedroom suites and two lofts, all with private patios or balconies. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. 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. 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 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. Our reporting is copied and/or used by many international media companies. Its a phenomenal home and everyone whos walked in here, whether theyre from Toronto, New York or Windsor are in awe of the design and how well its done, she said. 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. The company grew to sales of more than $1 billion with 2,000 employees. Filings with the Texas agency often show only preliminary plans that can. Atlas is now among four JMC manufacturing divisions. Barry Zekelman could not be reached for comment. Comments are welcome while open. Matlock said she and her husband only became interested in selling when someone locally made inquiries about a year ago. It is the southernmost city in Canada and is known for its rich history, cultural diversity, and thriving automotive industry. Cortez Masto sai Group companies include Western Tube, Hayes Modular, and Picoma. The Hiatus House of Windsor has announced a partnership with the Stephanie and Barry Zekelman Foundation. [3][4][2][5][6] DBO/Carlyle and NLMK settled their lawsuit in 2009, with NLMK paying $234 million.[7]. He also sold the priciest house in Arizona in 2008, when a Canadian attorney paid $14 million for a 10,000-square-foot mansion on fiveacres along the slope of Paradise Valley's Mummy Mountain. Scott Rolen? 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. The Times reported that some of Zekelmans lobbying activities may have skirted or even violated the law. We spend a lot of team researching and deeply investigating yacht ownership structures. (Actually, it is closer to Detroit, USA. As part of the settlement, the companies must ask for a refund or request that the Super PACgivethe funds to the U.S. Treasury. Bob Hassett ofRuss Lyon Sotheby's had the listing for the home. 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. Looking for luxury? T he Holocaust Memorial Center Zekelman Family Campus announced a donation in the amount of $15 million from the Zekelman family and Zekelman Industries.. After his father's death in 1986, Zekelman and his brothers, Barry and Clayton, managed operations at Atlas Tube. 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. Zekelmans net worth has been estimated at 3.46 billion, making him the 24th richest person in Canada. The estatealso has 12 garages and a two-story exercise building. I dont think it is and I actually think those duties should be much higher, he said. The couple has a reputation for being modest about their philathropy, and for keeping out of the spotlight. Windsor is a multicultural city with a large population of immigrants from around the world, including many from Europe, Asia, and the Middle East. The donation represents the lead gift toward the Holocaust Memorial Center's $100 million Comprehensive Campaign. (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. Barry Zekelman: 5 Fast Facts You Need to Know, Copyright 2023 Heavy, Inc. All rights reserved. [13][14] A third boat, described as a lake boat, is also named Man of Steel. 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. 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. In a statement on Monday, Barsky said it has been "a great privilege" to head the museum, located in Philadelphia, Pennsylvania. He sold the aircraft. 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 . 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. @AWMIHQ pic.twitter.com/hRygmME1LF, Zekelman Industries (@ZekelmanInd) May 16, 2019. He is the owner of the Oceanco yacht Man of Steel. December 24, 2015. 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 to support former U.S. president Donald Trump.and candidates aligned with his agenda. The gift is the single largest charitable donation received in the Holocaust Memorial Center's 37-year history. Barry Zekelman is a Canadian billionaire. 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. The MLS currently has 24 houses in Windsor and Essex County listed at $1 million or more. 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 . The contributions were made through the Pennsylvania-based Wheatland Tube, a pipe and tube subsidiary of Zekelman Industries. The city has a vibrant food scene, with many restaurants offering a variety of international cuisine. Watch the video. 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. I cover breaking news with a focus on markets and sports business. The lawyer for Zekelman Industries declined to comment. 2023 Forbes Media LLC. Companies controlled by Barry Zekelman a Canadian billionaire and the CEO, chair and owner of Zekelman Industries agreed to pay $975,000 to close an investigation by the FEC into $1.75. He was the owner of a Gulfstream G550 private jet, with registration N501ZK. Her range is 4,750nm. Previously known as SEVEN SEAS, the name was inspired by the fact Spielberg had seven children. 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. (Luxury travels of the Billionaire Boys Club). (. In 2009SuperYachtFanin its current format was published online and soon the focus changed from yacht photos toyacht owners, creating theSuper Yacht Owners Register. Measuring a length of 86 meters she is one of the world's largest yachts. Housing for Undocumented Immigrants: At that same House Financial Services Committee hearing in late May, Carson defended the administration's proposal to deny federally subsidized housing to undocumented immigrants. 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. Atlas Tube now manufactures the largest HSS and pipe pile size ranges in the world. . 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. 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. South Korea is a key competitor in the field of steel. The property includes large boat shelters / docking for two large yachts. 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. Name. Notion Starts Charging For AI Assistant: Will Microsoft Follow Suit? Carlyle sold a majority stake to the Zekelman family in 2011. [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. 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. 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",},]}. Wes Moore, Daily Kickoff: What Bibi told Tikvah + Nides to expand Fulbright in Israel. 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). The property taxes are around $30,000 annually. He lives with his wife Stephanie Zekelman in a large house in Windsor, near Toronto, Canada. He received his early education in Windsor and later attended York University in Toronto, Ontario. They built an amazing and very large new home next to it. That's how we've grown. https://en.wikipedia.org/wiki/Zekelman_Industries, https://www.forbes.com/profile/barry-zekelman/. Zekelman races Ferraris and has owned a series of yachts named "Man of Steel. At 73, David Poile is reportedly preparing to step away from day-to-day duties with the Nashville Predators at the end of this season. 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. [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.