Barry Zekelman Wiki
Barry Zekelman, a Canadian billionaire whose business is mostly in the United States, is not a guy who likes to lose — or go slow.
On days off, he likes to race his Ferrari 488 sports cars. Or he might climb aboard his Gulfstream IV jet to fly to the Bahamas to visit his 121-foot super yacht, which he named “Man of Steel” in a nod to his role as chief executive of Zekelman Industries, North America’s largest steel-tube manufacturer.
This is so interesting! No wonder Barry Zekelman wanted Canada to cave in to US on tariffs. He was doing his boss’s bidding https://t.co/MABfOoDjTa
— Pat Bayman (@patrizbay) May 20, 2019
Most of his business is in the United States. That’s why, according to the New York Times, Zekelman has been lobbying hard for protectionist policies for steelmakers in the United States.
The Times reported that some of Zekelman’s lobbying activities may have “skirted” or even violated the law. Zekelman has high praise for President Trump and his policies.
The Times reports that in 2018 Zekelman Industries, the company owned by Barry Zekelman donated $1.75 million to a fund intended to support Donald Trump. The donations may have been a violation of laws that bar foreigners for lobbying in the United States https://t.co/7HEKUe012n
— Pbrowning02 ?? (@pbrowning02) May 20, 2019
Zekelman’s net worth has been estimated at 3.46 billion, making him the 24th richest person in Canada. He and his wife, Stephanie, live a lavish lifestyle and own homes around the world.
Relation With President Trump & Members of the Trump Family as Part of a Lobbying Campaign to Protect US Steelmakers
The New York Times reported that last year, Zekelman and his wife took part in a “small dinner” with President Trump and his eldest son, Donald Trump Jr. Zekelman told the Times that they had talked about quotas that the United States was planning to impose on steel imports from South Korea. South Korea is a key competitor in the field of steel.
Zekelman later praised the president for his policies. “He’s attacking the problems that should have been attacked for many years,” Mr. Zekelman, 52, said of Mr. Trump in an interview.
He told Canadian broadcaster CBC that Trump’s plans for a 25 percent tariff for steel and 10 percent for aluminum was an example the Canadian government should follow. He added that in his opinion, the tariffs could be even higher.
Barry Zekelman, the Canadian owner of American steel tube plants, has gone all out to win at the Washington influence game, at times pushing the boundaries of federal rules. It’s working. https://t.co/3ZR8gVWU2U
— NYT Politics (@nytpolitics) May 21, 2019
“Is that 25 percent duty enough? I don’t think it is and I actually think those duties should be much higher,” he said.
His Company, Zekelman Industries, Donated $1.75 Million to Support Trump Last Year
The Times reports that in 2018 Zekelman Industries, the company owned by Barry Zekelman, donated $1.75 million to a fund intended to support Donald Trump. The Times says that the donations may have been a violation of laws that bar foreigners for lobbying in the United States. Still, it’s not quite clear whether Zekelman actually violated the law.
Zekelman and his brother took over the company from his father after his father’s death. Barry Zekelan was just 19 when his father, Harry died.
He’s One of the Biggest Backers of Trump’s Push to Protect American Steel. And He’s Canadian.: Barry Zekelman’s campaign to fight imports is a case study in how to gain access in Washington. His company is… https://t.co/etrr9dt2YB #ImpeachTrump #ImpeachKavanaugh #TheResistance pic.twitter.com/0fTLQ9STPT
— Patrick (@cahulaan) May 20, 2019
Zekelman Vacation Homes in Paradise, Arizona & Caribbean
Zekelman and his wife Stephanie live on the Ontario side of Lake St. Clair, just across from Detroit. They also own several luxurious vacation homes outside of Canada. Their vacation home in Paradise Valley set a record for private home sales in Arizona; the 10,000 square foot home cost $14 million. They also own a vacation home in the Caribbean.
Zekelman Education and Family
Zekelman After Father Passed Away
“In 1986 after my father died and my brother and I went to help the business, Atlas was not in great shape. But a few of the older employees helped the ‘young ones’ along, and we were able to turn around a company that had been losing about $80,000 a month. To recover, we adopted a formula of ‘buy for X and sell for Y’ that after only eight months allowed us to make our first monthly profit of $4,000. And we thought that was great.”
Zekelman Networth and Bussines
Zekelman’s net worth has been estimated at 3.46 billion, making him the 24th richest person in Canada. He and his wife own a yacht named Man of Steel. Ther 164-foot craft is a replacement for which replaced their previous 124-foot, $16.3 million boat. The couple also owns a 50-foot catamaran speedboat named Outerlimits. The couple has also owned a number of Porsches, Lamborghinis, and Ferraris.
Zekelman Donation and Charity WOrk
Zekelman and his wife have donated tens of millions of dollars to the Special Olympics and other charitable causes. The couple has a reputation for being modest about their philanthropy, and for keeping out of the spotlight. They donated $10 million dollars to the Holocaust Memorial Center in the names of Zekelman’s grandparents and parents. His grandparents were killed in the Holocaust, and his parents were Holocaust survivors.
Well that is misleading. It fails to mention most of his business is in the US and he fought for the tariff in the first place against his country to help his business. Sore loser and liar. Do better #cdnmedia @cbcnews @katiesimpson https://t.co/gDc1UsdLBD https://t.co/gv8b2FN4ZP
— Kelly Miller? ☘️ ?? (@sqirlgirly) May 20, 2019