Seymour Schulich
| Seymour Schulich | |
|---|---|
| Born |
January 6, 1940 Montreal, Quebec, Canada |
| Residence | Toronto, Canada |
| Nationality | Canadian |
| Alma mater | McGill University |
| Net worth |
 CAD$1.75 billion (2011) |
| Spouse(s) | Tanna Schulich |
| Children | 2 |
Seymour Schulich, OC (born January 6, 1940) is a Canadian businessman, investor, author and philanthropist.
Schulich was raised in a Jewish family in Montreal, Quebec. He graduated from McGill University with a BSc in 1961 and an MBA from the Desautels Faculty of Management in 1965. He earned the Chartered Financial Analyst designation from the University of Virginia in 1969.
He is married to Tanna and they live in Willowdale, Ontario, a neighbourhood of Toronto. They have two daughters and four grandchildren.
His first job was at Shell Oil Company. From 1968 to 1990, he worked at Beutel, Goodman & Company Ltd., a pension fund management company which manages in excess of $10.6 billion CAD (as of 2003), becoming president and vice-chairman.
In 1978, Schulich, along with partner Pierre Lassonde, helped pioneer the concept of royalty payments in the mining industry: their Franco-Nevada and Euro-Nevada companies discovered some precious minerals, but their royalty arrangements allowed them to gain ownership stakes in some of the world’s most profitable mines. A $1,000 investment in Franco-Nevada's stock in 1983 was worth $1.2 million in 2002, equivalent to a 40% average annual rate of return. In 2002, Franco-Nevada merged with Normandy Mining Limited of Australia and Newmont Mining Corporation, creating the largest gold mining company in the world, Newmont Mining Corporation. Schulich was Director of Newmont Mining and Chairman of its merchant banking division from 2002-2007.
In 2007, Schulich published a book titled Get Smarter: Life and Business Lessons.
Schulich has donated funds to numerous Canadian universities including York (Schulich School of Business), Western Ontario (Schulich School of Medicine & Dentistry),Calgary (Schulich School of Engineering),Dalhousie (Schulich School of Law),McGill (Schulich School of Music), and Nipissing (Schulich School of Education). The first and largest donation that was made was to the Schulich School of Business at York University. All degrees issued by the Schulich School of Business now bear the signature of Seymour Schulich. His philanthropy also extends beyond universities, to the Sunnybrook Health Sciences Centre (Schulich Heart Centre) in Toronto, and outside Canada to the University of Nevada, Reno (Schulich Lecture Hall) and Technion – Israel Institute of Technology.
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