Marcel Adams & family
Overview
- Source of Wealth
- real estate
- Industry
- Real Estate
- Residence
- Organization
- Founder at Iberville Development Limited
- Children
- 4
Biography
One of Canada's most prolific real estate investors, Marcel Adams founded Iberville Developments in 1958.
Iberville owns and manages nearly 8 million square feet across some 100 shopping centers, office spaces, industrial properties and residential assets.
Born in Romania under the last name "Abramovich," Adams survived Holocaust labor camps during World War II before coming to Canada.
He got his start working in the leather industry, but began investing in local real estate by the mid 1950s.
His son, Sylvan Adams, a "Giving Pledge" signatory who now lives in Israel, has since taken over the business.
About
Born in August 1920, Adams is the second-oldest living billionaire in the world, behind only Singapore's Chang Yun Chung, who is two years older.
The intensely private family made headlines in 2015 when whistleblowers revealed that they had more than $800 million stashed in a Swiss bank account.