Bernard Sherman Net Worth: Apotex Chairman And Wife Found Dead In Canada

Mystery over deaths of Canadian billionaire couple

In 1974, Sherman used his mother's life savings to buy his uncle's drug company with initially just a couple of employees and 5,000 square feet of area.

The couple recently put up their home up for sale, and a real estate agent, who was preparing the house for an open-house viewing, discovered their bodies. He stepped down as chief executive in 2012 but remained as executive chairman.

Privately held Apotex says it is the largest Canadian-owned pharmaceutical firm, with annual sales of more than C$2 billion.

Police have said that they are treating their deaths as "suspicious" but have not handed over the investigation to the homicide unit at this point.

Hopkinson said the deaths are not now being treated as homicides, adding that more investigation will be necessary.

"We've been informed of the tragic news that Barry and Honey Sherman have unexpectedly passed away", Apotex, a generic-drug maker, said in a statement Friday. The police confirmed there were no signs of any forced entry.

2010. Credit Janice Pinto  The Globe and Mail via REUTERS
2010. Credit Janice Pinto The Globe and Mail via REUTERS

Barry Sherman, 75, was a prominent donor to Canada's ruling Liberal Party, drawing on a fortune that Forbes estimated at $3.2 billion.

Investigators are still attempting to "determine if there is foul play involved or not", Detective Brandon Price told reporters, "and at this point we can not say 100% with certainty if there is or there is not".

Sherman's wife, Honey, was a member of the board of the Baycrest Foundation and the York University Foundation.

"I have had the privilege of knowing them both for many years", said Mr Tory.

The Shermans were among Canada's most generous philanthropists and also organized funding of charitable causes through the Apotex Foundation.

"Wonderful human beings, incredible philanthropists, great leaders in health care". They also donated roughly $50 million to the United Jewish Appeal. The couple made numerous multimillion-dollar donations to hospitals, schools and charities and had buildings named in their honour.

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