After fleeing Nazism, Stephen Jarislowsky achieved a fortune of millions in Canada, leaving an indelible business and philanthropic legacy.
Nazismresponsible for the death of millions of people during World War II, forced many families to flee Europe. Among them was Stephen Jarislowskywho escaped from the Nazi Germany and found freedom in Canadawhere many years later he would become one of the most powerful and influential businessmen.
Jarislowsky, born in Berlin and experienced the horrors of war in his youth, but his flight led him to seek new opportunities in America. This turn in his life marked the beginning of a path that had him as the main protagonist facing new challenges with temperance and righteousness.
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The story of Stephen Jarislowsky, the billionaire recognized for his philanthropic causes
Born in Berlin in 1925, Jarislowsky lived his early years in a Germany that would soon fall under the Nazi regime. When he was only 14 years old, he and his family decided to flee the persecution and horrors that Jews suffered in Europe, seeking refuge in the United States, where a new life began. There, he began to forge a career that would take him, years later, to become one of Canada’s most influential entrepreneurs.
After arriving in America, Stephen studied mechanical engineering at the Cornell University and served in the United States Army, before returning to studies at the University of Chicago, where he completed a master’s degree in Asian Studies. His solid academic training gave him the tools to enter the business world with a global focus and a unique strategic vision.
In 1955, he founded the firm of Jarislowsky Fraser investmentswith which he built one of Canada’s largest financial empires. For more than five decades, his leadership led the company to manage billions of dollars in assets, giving him not only prestige, but also great influence in the business and financial spheres.
This millionaire businessman is not only known for his successes in business. Throughout his life, he was a fervent defender of business ethics and transparency in corporate governance. Additionally, his commitment to philanthropy allowed him to donate millions to educational and cultural causes across Canada. Among his most notable contributions are more than 23 university professorships in different institutions in the country.
With his endorsement and support of academic excellence and his fierce defense of integrity in business, Jarislowsky leaves an indelible mark on both the business world and Canadian society. His legacy lives on through the institutions and projects he supported over the years.
How much is Stephen Jarislowsky’s fortune, according to Forbes
At 99 years old, Stephen Jarislowsky has a fortune that amounts to 1.6 billion dollars. Its vast wealth is the result of decades of work and a business vision with broad ethics that always prioritized the well-being of shareholders and transparency in business.
In 2002, he co-founded the Canadian Coalition for Good Governmentan initiative that sought to strengthen ethical business practices in the country. In addition, for his great performance he received numerous awards, including the Order of Canada, in recognition of his career and tireless philanthropic work.
Source: Ambito
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