Bernard Sherman Net Worth is$3.7 Billion
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Date of Birth: 1942
Ethnicity: Jewish people
Country: Canada
Bernard Sherman net worth: Bernard Sherman is a Canadian businessman who has a net worth of $3.7 billion. Bernard Sherman, commonly known as Barry, often worked for his uncle Louis Lloyd Winter at his pharmaceutical company Empire Laboratories, and thus acquired the training and knowledge for his development of Apotex Inc. Having earned a doctorate in rocket science at MIT, Sherman took his mother's life savings to purchase his uncle's drug company in 1967. This company became the base of the foundation of one of the leading generic pharmaceutical companies in Canada in 1974.
To date, Apotex employs over 6 000 people in 21 facilities. The company produces 300 medications that are exported to 115 countries worldwide, generating over $1 billion in sales. Despite their work force, a great deal of Apotex's work is done in courtrooms where the company is engaged in legal battles for their efforts to market cheaper, generic versions of brand name drugs. Apart from building a major addition to the geriatric Baycrest Centre, and to other Toronto-area community centers and hospitals, Bernard Sherman is also known for his considerable charitable donations. As for his private life, he is married to Honey Sherman and have 4 children together.
Bernard C. Sherman (born 1942), Chairman and CEO of Apotex Inc., is a Canadian businessman. With an estimated net worth of $US 2.9 billion (as of March 2011), Sherman was ranked by Forbes as the 9th wealthiest Canadian and 393rd in the world.
Barry Sherman entered the University of Toronto's Engineering Science program at age 16 and was the youngest to do so. He also graduated from Engineering Science with the highest honours in his class and received the university's Governor General's Award for his thesis. He then received a Doctoral degree from MIT. He is Jewish and has donated a recorded amount of 50 million dollars to the United Jewish Appeal. He is well-known throughout Toronto for his considerable charitable donations, having built a major addition to the geriatric Baycrest Centre, and to other Toronto-area community centers and hospitals. He is married to Honey Sherman, and they have four children.
While at Toronto's Forest Hill Collegiate and completing his university education at University of Toronto, Barry often worked for his uncle Louis Lloyd Winter, at his pharmaceutical company, Empire Laboratories. Empire was the largest Canadian wholly owned pharmaceutical company at that time, and a pioneer in the generic drug industry. When his uncle would travel, Barry often helped watch over the operations. Empire provided Sherman with the training and foundation for his development of Apotex Inc., one of Canada's leading generic pharmaceutical companies.
In the summer of 1967, directly after completing his Ph.D. in astrophysics at MIT, Barry Sherman pursued and successfully purchased the Empire Group of Companies from the executor of Louis and Beverley Winter's estate, as both his aunt Beverley Winter and uncle Louis Winter had died seventeen days apart in November 1965, leaving four orphaned young children: Paul Timothy, Jeffrey Andrew, Kerry Joel Dexter, and Dana Charles. Prior to the purchase, Empire was the first to successfully secure the compuls

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Bernard Sherman Latest News

Boca man's estate leaves $2.3 million gift to Jewish Family Services

The late Bernard Sherman and his widow, Muriel Chandler Sherman. Sherman’s estate recently gave a $2.3 million gift to Ruth & Norman Rales Jewish Family Services, the single largest one-time gift in the agency’s history. The late Bernard Sherman and ...
Posted: June 26, 2017, 9:13 am

Rales JFS fund to provide teens with life-changing events

Rales JFS’ Bernard Sherman Program to Enhance Jewish Identity has enabled local teens to participate in Jewish life cycle events. Rales JFS’ Bernard Sherman Program to Enhance Jewish Identity has enabled local teens to participate in Jewish life cycle ...
Posted: May 10, 2018, 11:48 am

Honey Sherman: 5 Fast Facts You Need to Know

According to Forbes, Barry Sherman (who was born Bernard Sherman), began his path to riches in 1974, when, “armed with a doctorate in rocket science from MIT,” Sherman used his “mother’s life savings to buy his uncle’s drug company. Starting with ...
Posted: December 16, 2017, 11:01 pm
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