Paul Desmarais III

Last updated
Paul Desmarais III
Born1981or1982(age 42–43)
Education Lakefield College School
Alma mater
OccupationBusinessperson
Employers
Spouse
Mary Dailey Pattee
​
(m. 2008)​
[1]
Parents
Relatives

Paul Desmarais III (born 1981or1982) [1] is a Canadian businessperson and philanthropist.

Contents

Early life and education

Desmarais was educated at Lakefield College School [2] and earned a Bachelor of Science degree in economics from Harvard College and a Master of Business Administration degree from INSEAD. [3]

Career

After working at Goldman Sachs, Imerys and Great-West Lifeco, Desmarais became Vice-President of Power Corporation of Canada and Power Financial Corporation in 2014. [4] [5] In January 2017, he was named Senior Vice President of both companies. [6] He is Chairman and CEO of Sagard, Executive Chairman and co-founder of Portag3 Ventures, and Chairman and co-founder of Diagram. [7] [8] [9] [10] [11] [12] [13] [14]

In 2019, he was the recipient of the Arnold Edinborough Award (Business / Arts Awards) [15] recognizing his impact on the arts in Canada. In 2000, he was awarded the Duke of Edinburgh's Award (Gold Level). [16]

He is a founder or co-founder of various business-led initiatives, such as the Black Wealth Club [17] , which provides resources to support emerging black leaders, the Young Canadians in Finance [18] and the Indigenous Leadership Circle. [19]

He also acted as co-chair for the Centraide of Greater Montreal 49th fundraising campaign, launched in 2022. [20]

Personal life

Paul Desmarais III is the son of Paul Desmarais Jr. and the grandson of Paul Desmarais.

Related Research Articles

Paul Desmarais Sr. was a Canadian financier and philanthropist, based in Montreal. With an estimated family net worth of US$4.5 billion, 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 then continued to serve 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.

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References

  1. 1 2 "Mary Dailey Pattee, Paul Desmarais". The New York Times. 22 June 2008. p. ST14. Retrieved 23 June 2018.
  2. ↑ Spring 2004
  3. ↑ "Paul Desmarais III - Profile". INSEAD. 5 December 2016. Retrieved 18 January 2018.
  4. ↑ Canada's Next Leaders: Paul Desmarais III on carving his own career path , retrieved 19 January 2018
  5. ↑ "Desmarais scion to oversee family-backed Canadian fintech venture capital fund". Financial Post. 24 January 2017. Retrieved 19 January 2018.
  6. ↑ "Paul Desmarais III - Canadian Corporate Innovation Summit | BDC.ca". www.bdc.ca. Archived from the original on 19 January 2018. Retrieved 19 January 2018.
  7. ↑ "Paul Desmarais III, Executive Profile". Bloomberg. Retrieved 18 January 2018.
  8. ↑ "Power Corporation of Canada | Senior Management". www.powercorporation.com. Retrieved 18 February 2020.
  9. ↑ "'Canada is one of the only places in the world where the American dream is still alive' — Paul Desmarais III on fintechs and the economy". financialpost. Retrieved 16 November 2020.
  10. ↑ Paul Desmarais III betting big on fintech, expecting more partnerships in the space, 18 June 2019, retrieved 16 November 2020
  11. ↑ Power Financial putting more money into fintech startup Wealthsimple, 2 March 2018, retrieved 16 November 2020
  12. ↑ "Paul Desmarais III - Portag3 - 2018 Canada FinTech Forum - Part 1/2 - YouTube". www.youtube.com. Retrieved 16 November 2020.
  13. ↑ "Desmarais Empire Seeks Fintech Transformation From Outside In". Bloomberg. 7 June 2017.
  14. ↑ "Portag3 Ventures closes new FinTech fund". www.newswire.ca. Retrieved 18 January 2018.
  15. ↑ "2019 Recipients". Business / Arts. Retrieved 18 February 2020.
  16. ↑ "Paul Desmarais III, MBA'10J". INSEAD. 5 December 2016. Retrieved 18 February 2020.
  17. ↑ https://www.theglobeandmail.com/business/rob-magazine/article-emerging-business-leaders-innovation-canada/
  18. ↑ https://www.nextcanada.com/paul-desmarais-iii/
  19. ↑ https://indigenouslc.com/co-founders
  20. ↑ https://www.newswire.ca/news-releases/centraide-begins-its-2022-campaign-and-launches-ad-without-the-burden-of-poverty-and-exclusion-we-can-all-rise-up--804964488.html


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