Canada’s investment guru Stephen Jarislowsky is a name that resonates with investors across the globe. His expertise in investment management has garnered him a reputation as one of Canada’s most successful money managers. Jarislowsky’s personal fortune is estimated to be in the billions of dollars. In this post, we will take a closer look at how he amassed his wealth and uncover his net worth.
Early Years
Stephen Jarislowsky was born in Berlin, Germany, in 1925. His family fled to Canada to escape the impending war and settled in Montreal. In 1946, Jarislowsky completed his Bachelor of Commerce from McGill University. He went on to earn a degree in the M.B.A program at Harvard. He returned to Canada and started his career as a securities analyst.
Career
Jarislowsky founded Jarislowsky Fraser Ltd, an investment management firm, in 1955. The firm initially managed pension funds for several corporations. However, it later expanded its operations to include individual investors as well. By 1990, Jarislowsky Fraser had over $20 billion in assets under management.
Investment Philosophy
Jarislowsky’s investment philosophy was guided by his understanding of the market. He believed that investing should be about long-term wealth creation. He also believed that companies with consistent earnings growth, good cash flow, and a low debt to equity ratio would provide investors with the best returns.
Net Worth
Stephen Jarislowsky’s net worth is estimated to be $2.8 billion, according to Forbes. His wealth is a result of his successful career in investment management. He also holds a significant stake in Jarislowsky Fraser Ltd.
Philanthropy
Stephen Jarislowsky is a well-known philanthropist and has donated millions of dollars to various causes. In 2010, he donated $25 million to McGill University, and the school named its business school after him. He has also donated to the Montreal General Hospital, the Montreal Museum of Fine Arts, and the Montreal Symphony Orchestra.
Legacy
Jarislowsky Fraser remains one of Canada’s most successful investment management firms. Even after his retirement from the firm, Jarislowsky’s investment philosophy continues to guide the company’s operations.
Awards
Stephen Jarislowsky has received numerous accolades for his contributions to the field of investment management. He was inducted into the Canadian Business Hall of Fame in 2001 and was awarded the Order of Canada in 2012.
Conclusion
Stephen Jarislowsky’s legacy in the investment management industry is unparalleled. His investment philosophy, wealth, and philanthropy have made him a household name in Canada. His company, Jarislowsky Fraser, continues to thrive even after his retirement. Jarislowsky’s success is a testament to the power of hard work, dedication, and a sound investment philosophy.
FAQs
Q1. What is Stephen Jarislowsky’s net worth?
A1. Stephen Jarislowsky’s net worth is estimated to be $2.8 billion.
Q2. When was Jarislowsky Fraser Ltd founded?
A2. Jarislowsky Fraser Ltd was founded in 1955.
Q3. What is Stephen Jarislowsky’s investment philosophy?
A3. Stephen Jarislowsky believed that investing should be about long-term wealth creation. He also believed that companies with consistent earnings growth, good cash flow, and a low debt to equity ratio would provide investors with the best returns.
Q4. What has Stephen Jarislowsky donated to?
A4. Stephen Jarislowsky has donated to McGill University, the Montreal General Hospital, the Montreal Museum of Fine Arts, and the Montreal Symphony Orchestra.
Q5. What awards has Stephen Jarislowsky received?
A5. Stephen Jarislowsky has been inducted into the Canadian Business Hall of Fame and was awarded the Order of Canada.