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

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

The two were found dead after police responded to a medical call just before noon at their home in an affluent section of northeast Toronto.

Tributes have begun pouring in for Barry Sherman, founder of the pharmaceutical company Apotex, and his wife, Honey, after they were found in their Toronto home.

"The circumstances of their death appear suspicious and we are treating it that way", said police Constable David Hopkinson.

Bernard Sherman is the founder of generic drug-maker Apotex in 1974 after buying the company, previously Empire Laboratories, from his uncle.

Canadian Business magazine recently listed Barry Sherman as the 15th richest person in Canada, with a net worth of $4.77 billion. Although Sherman stepped down as the CEO of the company, he continued to serve as the chairman.

Results of a postmortem examination will indicate whether the Shermans' deaths will be investigated as a homicide, Hopkinson said.

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

Snow, Icy Roads Could Impact Friday Rush Hour Commute
Light snow (with potential large impact due to sub-freezing road temperatures) is POSSIBLE between 1pm and 5pm Friday afternoon. The National Weather Service has issued a winter weather advisory for Lake and Porter counties through 11 a.m.

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.

If the investigation suggested foul play was involved, the homicide squad would be called in, he said. Neighbours confirmed that the property was the couple's home.

Canadian Prime Minister Justin Trudeau tweeted that he was saddened to by the news of the sudden passing of Barry and his wife Honey.

The couple was known for their philanthropy, giving tens of millions to hospitals, universities and Jewish organizations, the Canadian Broadcasting Corporation reported.

Apotex released a statement on Saturday paying tribute to its founder, praising both his philanthropic efforts and what it described as his vision for health care.

"Toronto Police are investigating, and I hope that investigation will be able to provide answers for all of us who are mourning this tremendous loss", Mr.

Related Articles