Bruce Flatt

Bruce Flatt (born 1965) is a Canadian businessman and the CEO of Brookfield Asset Management. He joined Brookfield in 1990 and became CEO in 2002.[1] He has been referred to as "Canada's Warren Buffett" due to his "value" investment style, extended tenure as CEO, and large investment in Brookfield.[2] In 2022, he was ranked #622 on Forbes' Billionaires list with a net worth of US$4.5 billion.[3][4]

Bruce Flatt
Born1965 (age 57–58)
Winnipeg, Manitoba, Canada
NationalityCanadian
EducationUniversity of Manitoba (BComm)
OccupationCEO of Brookfield Asset Management
SpouseLonti Ebers
Websitewww.brookfield.com/about-us/leadership/bruce-flatt

Career

Flatt, whose father was an executive at a Manitoba mutual fund company,[5] was born in Canada in 1965. Following university, Flatt worked as a chartered accountant at Ernst & Young.[1] Flatt joined the investment division of Brascan (Brookfield's predecessor) in 1990,[1][6] became chief executive of Brookfield Properties in 2000[2] and CEO of the entire business in 2002.[1]

As CEO of Brookfield Properties, Flatt led Brookfield's response to damage caused by the September 11, 2001 attacks in Lower Manhattan.[7][8] Under Flatt, Brookfield became the second largest alternative-asset manager in the world, following the acquisition of a majority stake in Oaktree Capital Management in 2019.[9]

Flatt and a group of partners own 20% of Brookfield, individually and through a company called Partners Limited.[10]

Awards

Flatt was named CEO of the Year by The Globe and Mail in 2017,[11] 60th in a list of the top 100 best-performing CEOs published by Harvard Business Review in 2018,[12] and one of Bloomberg's 50 people who defined global business in 2019.[9]

Personal life

Flatt is married to art collector Lonti Ebers, who is the founder of a non-profit organization, Amant, and a trustee and patron of New York City's Museum of Modern Art.[13][14][15]

Flatt lives in Toronto, London and New York City.[5][6]

References
  1. "Bruce Flatt of Brookfield on owning the backbone of the global economy". Financial Times. Archived from the original on June 23, 2020. Retrieved October 31, 2018.
  2. Morrissey, Janet (December 18, 2010). "Bruce Flatt Pushes Growth for Brookfield Asset Management". New York Times. Archived from the original on July 29, 2020. Retrieved October 31, 2018.
  3. "#1717 Bruce Flatt". Forbes. Archived from the original on December 10, 2019. Retrieved March 12, 2020. Net Worth Over Time - $1.3B - Billionaires March 2019
  4. "Profile: Bruce Flatt". Forbes. Archived from the original on August 21, 2017. Retrieved January 20, 2022.
  5. Gara, Antoine (May 2, 2017). "Brookfield's Bruce Flatt: Billionaire Toll Collector Of The 21st Century". Forbes. Archived from the original on May 2, 2017. Retrieved December 26, 2021.
  6. Reguly, Eric (November 23, 2017). "CEOs of the Year: How Bruce Flatt and the Brookfield four built Canada's most successful international player". The Globe and Mail. Retrieved February 23, 2022.
  7. Simon, Bernard (September 23, 2001). "Private Sector; A Landlord at Disaster's Margin". New York Times. Archived from the original on July 20, 2018. Retrieved March 11, 2020.
  8. Daly, John (January 31, 2003). "The Toughest SOBs in Business". ROB Magazine. Globe and Mail. Retrieved March 11, 2020.
  9. Deveau, Scott (December 4, 2019). "Bruce Flatt, the Accountant on a Spending Spree". Bloomberg Businessweek. Archived from the original on March 9, 2020. Retrieved January 19, 2020.
  10. Brookfield Asset Management Inc. (June 14, 2019). "2019 Management Information Circular". Securities and Exchange Commission. Retrieved February 23, 2022.
  11. Reguly, Eric (November 23, 2017). "Meet our bargain-hunting, globe-trotting, skyline-dominating, ruthlessly smart CEOs of the Year". The Globe and Mail. Archived from the original on May 1, 2019. Retrieved January 19, 2020.
  12. "The Best-Performing CEOs in the World 2018". Harvard Business Review. November 1, 2018. Archived from the original on October 1, 2019. Retrieved October 29, 2018.
  13. arielhauter (September 10, 2017). "Lonti Ebers". ARTnews. Archived from the original on February 6, 2020. Retrieved February 6, 2020.
  14. Loos, Ted (May 4, 2021). "An Arts Patron Widens Her Reach With a Brooklyn Museum". The New York Times. ISSN 0362-4331. Retrieved January 20, 2022.
  15. "Officers and trustees | MoMA". The Museum of Modern Art. Retrieved January 20, 2022.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.