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

Tammy Harvey
December 17, 2017

"It is with profound sadness that we announce the unexpected passing of our founder, Dr Bernard C. Sherman, chairman of the board of the Apotex Group of Companies, at the age of 75, and his wife Honey Sherman", it said in a statement.

Police released few details about the case or what led to their suspicions.

Apotex, which was founded and owned by Sherman, is one of the world's biggest pharmaceutical companies.

Sherman "gave his life to the singular objective of our organization - innovating for patient affordability", Apotex said in the statement. He was ranked recently by Forbes as Canada's 12th-richest person with a net worth of about $3 billion.

Police said they learned of the deaths after responding to a midday (1700 GMT) medical call at the Sherman's home in an affluent section of northeast Toronto.

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

Their bodies were discovered by an estate agent who was setting up an open house for the luxury property, which had recently been put up for sale for $6.9m Canadian dollars (over £4m).

Hopkinson noted that it was early in the police investigation.

Homicide detectives later told reporters gathered outside the home that there were no signs of forced entry
Homicide detectives later told reporters gathered outside the home that there were no signs of forced entry

A Toronto police source told The Globe and Mail their bodies were found Friday, seated on the edge of their basement lap pool, hanging from a railing that surrounded the pool. "My dear friends Barry and Honey Sherman have been found dead".

"I am beyond words right now", Ontario health minister Eric Hoskins said in a tweet. "Wonderful human beings, incredible philanthropists, great leaders in health care".

The Shermans, who had four children, were major donors to hospitals, universities and Jewish organisations.

Homicide detective Brandon Price said: "At this point we are not now seeking a suspect". A very, very sad day.

The couple had become known in Canada for their philanthropy, and their deaths sent shock waves through the country's political elite. They also had close ties to the Jewish community as they donated roughly $50 million to the United Jewish Appeal - a Jewish philanthropic umbrella organization that later changed its name to the Jewish Federations of North America.

Apotex sells 260 generic drugs in more than 115 countries, raking in annual global revenue of $1.5 billion.

A University of Toronto website lists the Apotex Foundation and the Shermans as donors in the range of $10 million to $25 million during 1995 and 2003.

"Patients around the world live healthier and more fulfilled lives thanks to his life's work, and his significant impact on healthcare and healthcare sustainability will have an enduring impact for many years to come", the company said.

Other reports by Ligue1talk

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