Paul Desmarais | |
|---|---|
| Born | Paul Guy Desmarais January 4, 1927 Sudbury, Ontario, Canada |
| Died | October 8, 2013 (aged 86) Sagard, Quebec, Canada |
| Alma mater | University of Ottawa |
| Occupation(s) | Financier, philanthropist |
| Known for | Former chairman and chief executive officer of Power Corporation of Canada Founding chairman of the Canada China Business Council |
| Spouse | Jacqueline Maranger |
| Children | 4, including Paul Desmarais Jr. and André Desmarais |
| Awards | Officer of the Order of Canada (1978) Companion of the Order of Canada (1987) Officer of the National Order of Quebec (1988) Commandeur de l’Ordre de Léopold II (1991) Member of the Queen's Privy Council for Canada (1992) Grand Cross of the Legion of Honour (2008) |
Paul Desmarais Sr. PC CC OQ (January 4, 1927 – October 8, 2013) was a Canadian financier and philanthropist, based in Montreal. With an estimated family net worth of US$4.5 billion (as of March 2012), Desmarais was ranked by Forbes as the fourth wealthiest person in Canada and 235th in the world in 2013.[1] He was chairman and chief executive officer of Power Corporation of Canada until 1996 when he passed the reins of management of Power Corporation to his sons, Paul Jr. and André. He then continued to serve as a director and as chairman of the executive committee of the board, and remained the controlling shareholder. Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, asset management, sustainable and renewable energy, and other business sectors.
Desmarais was highly regarded for his standard of integrity and his commitment to a united and prosperous Canada.[2][3]