Published: Sat, December 16, 2017
Global | By Enrique Rogers

Community reacts to deaths of Toronto billionaires

Community reacts to deaths of Toronto billionaires

Sherman, the 75-year-old founder of generic drug giant Apotex, was one of the richest men in the country, with an estimated net worth of $4.6 billion approximately, according to reports.

Apart from completing Bachelor of Science in Engineering from the University of Toronto, Sherman also had a Doctorate from the Massachusetts Institute of Technology and Master of Science from the same college. Although Sherman stepped down as the CEO of the company, he continued to serve as the chairman.

"The circumstances of their death appear suspicious and we are treating it that way", said Hopkinson, BBC reported.

Tory said that he was "shocked and saddened" to hear about the deaths of the Shermans but takes some solace in the fact that "their memories will live on for a long time".

Mr. Sherman, 75, founded the privately held Apotex in 1974, growing it by introducing large numbers of low-priced generic drugs that took market share from brand pharmaceuticals.

Mystery over deaths of Canadian billionaire couple
Police Investigate 'Suspicious' Death of Prominent Toronto Couple

Honey Sherman sat on the boards of several hospital, charitable and Jewish foundations, and last month was awarded a Senate medal for community service. The couple helped establish the Sherman Health Science Research Centre in 2010.

The investigation is in its initial stages, but the deaths are not being treated as homicides, CNN quoted Constable Hopkinson, as saying.

Police later said there were no signs of forced entry at the property and they were not now searching for a suspect, according to CBC. "Our condolences to their family & friends, and to everyone touched by their vision & spirit".

A Toronto billionaire and his wife who were found dead in their mansion are being remembered as philanthropists and "wonderful people" by those close to them. "I have had the privilege of knowing them both well for many years".

The mayor of Toronto John Tory through a prepared statement said he was heartbroken and shocked when he learned of the couple's death, noting the couple had made many contributions to the city.

Mall Operator Westfield Sold to French Real Estate Giant
Around 37 percent of the combined entity's portfolio would be in France and 22 percent in the United States. Unibail-Rodamco, based in Paris, is the result of a 2007 merger of two French property investment firms.

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