posted on Oct, 9 2013 @ 05:14 PM
Some call him "Mr. Monopoly" of Canada. He was one of the most influential businessmen in the entire nation. With influence and power which crossed
over political and business family lines.
Connections to nearly every Prime Minister, businessmen like Conrad Black, elitists, the highest educational institutes. Many have written books about
his life and the accumulation of wealth and power which he has been accused of increasing through back room deals and using his influence to
manipulate law and long list of other things.
Paul Desmarais, one of Canada's most powerful businessmen and a self-made billionaire who befriended prime ministers and presidents, has died.
Desmarais, who transformed an ailing family-owned Sudbury bus company into a $33-billion conglomerate that straddled the world, was 86.
Ironically, his company was named Powercorp.
A shrewd entrepreneur and acquisitor, Desmarais was the long-standing CEO and chairman of Montreal-based Power Corp., the industrial and financial
juggernaut, from when he took control in 1968 until well after he handed over its day-to-day management to his two sons, Paul Jr. and André, in
With an estimated personal net worth of around $4.4 billion, he was ranked the seventh-richest Canadian by Canadian Business magazine in 2012 and
continued to draw a salary as chairman of Power Corp.'s executive committee.
A key member of Canada's financial elite, Desmarais was a friend and patron of a series of Quebec premiers and at least four Canadian prime
ministers, namely, Pierre Trudeau, Brian Mulroney, Jean Chrétien and Paul Martin.
Of course everything you will read mainstream, will be sanitized, but you can find expose books if you are interested.