Bernard (Barry) Sherman
Bernard (Barry) Sherman
| Rank: | 10 |
| Networth: | $3.61 billion |
| Location: | Toronto |
| 2006 Rank: | 8 |
In January, a group of Sherman’s cousins launched a $1.5-billion lawsuit against the founder of generic drug maker Apotex Inc., claiming he violated an agreement dating back to the ’60s when Sherman bought their father’s drug firm. The suit alleges the agreement would give them all a stake in Apotex. Meanwhile, Sherman installed his son Jonathon as president and CEO of Steelback Brewery when business partner Frank D’Angelo sold his majority stake. Steelback recently gained court protection from creditors because of what Jonathon calls a “liquidity crisis.”