Paul Desmarais
Paul Desmarais was born on January 4, 1927. See ranking, bio blurb, and everyone else born that day.
About Paul Desmarais
Paul Guy Desmarais Sr. (4 January 1927 – 8 October 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. 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 continued 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.