Alex Shnaider

Alexander Shnaider
Born	1968 Leningrad, Russian SFSR, USSR
Residence	Toronto, Ontario, Canada
Citizenship	Canadian
Alma mater	York University
Occupation	Co-founder of the Midland Group and Talon International Development Incorporated

Alex Shnaider (born 1968) is a Russian-born Israeli-Canadian entrepreneur and former commodities trader. He is co-founder with Eduard Shifrin of the Midland Group.

Shnaider moved with his family to Israel when he was four, and then to Canada when he was 13. He was educated at York University in Toronto (BA Hons Economics 1991).

In 1994 Shnaider co-founded Midland Group - originally a steel producer - with former business partner Eduard Shifrin. The company operated in Ukraine before government-owned steel factories were privatised. In 1999 Midland Resources began buying shares in the Zaporizhstal steel mill. By 2001, Shnaider’s consortium had bought 93 per cent of the mill for $70 million.

Shnaider bought Jordan Grand Prix from Eddie Jordan in February 2005 for approximately US$50 million, and renamed it Midland F1 Racing for the 2006 Formula One season. On 9 September 2006, the team was sold to Spyker Cars.

In December 2007 Shnaider bought Israeli soccer team Maccabi Tel Aviv for an estimated 12 million euros. On 4 August 2009, Shnaider sold the club to Canadian property developer Mitchell Goldhar, after investing $20 million in the club. Goldhar took on Shnaider’s 80 per cent stake in the club by agreeing to take on its financial commitments; he also paid $750,000 to the Maccabi Tel Aviv sports foundation for its 20 per cent stake.

Shnaider partnered with Donald Trump in the construction of the Trump International Hotel and Tower, which is in Toronto. Donald Trump is a minority shareholder in the project. Shnaider has reportedly decided to keep the penthouse suite for himself, at an estimated value of $20 million.

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