Isadore Sharp

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Isadore Sharp
Born (1931-10-08) October 8, 1931 (age 83)
Toronto, Ontario, Canada
Ethnicity Ashkenazi Jewish
Occupation Founder and Chairman,
Four Seasons Hotels and Resorts
Net worth Increase $540 million (2009)[1]
Spouse(s) Rosalie Wise Sharp
Children 4
Jordan Sharp
Gregory Sharp
Anthony Sharp
Christopher Sharp (deceased)
Awards Order of Canada
Website
Four Seasons Hotels and Resorts

Isadore "Issy" Sharp, OC (born October 8, 1931) is a Canadian hotelier and writer. He is founder and chairman of Four Seasons Hotels and Resorts.

Early life and education[edit]

Born in Toronto as the son of a family of Polish Jewish immigrants. His father, Max, a devout Torah scholar, was a Polish Jew who emigrated from Poland to escape pogroms to Palestine in 1920, and finally to Toronto five years later. He worked as a plasterer until his family began to grow with the arrival of Issy and three daughters. His father's expertise was in home renovation and he often renovated homes and resold them for a profit as a real estate investor. During the summers, Sharp would obtain experience in the construction business by working for his father. He excelled in sports during his high school years. In 1952, he graduated with high marks from Ryerson Institute of Technology with a diploma in Architectural Technology.

Career[edit]

After graduation, Sharp went to work for his father’s company full-time as an architect and real estate developer, building apartment buildings and houses. It was his work building a small 22-unit motel (Motel 27) on the outskirts of Toronto for family friend, Jack Gould, that was his introduction to the hospitality business.[2][3] He founded the Four Seasons Hotel in 1960 and opened the first hotel on Jarvis Street in downtown Toronto in 1961.[4]

On November 6, 2006, American business magnate Bill Gates, through his holding company Cascade Investments LLC, and Saudi businessman, Prince Al-Waleed bin Talal through his company Kingdom Holding Company made an offer to take Four Seasons Hotels private for US$3.4 billion (excluding debt).[5][6] Sharp would remain chairman and chief executive of the company. He also would be able to realize proceeds from a 1989 incentive plan that would pay him $288 million. The company's headquarters would remain in Toronto.

Philanthropy[edit]

He helped start and is the director of the Terry Fox Run. He first met Terry Fox when the latter arrived in Montreal in June 1980 during his trek across the country to raise money for cancer research. Sharp invited Fox to rest in one of the city's Four Seasons hotels for a week before resuming his run, helped pay for his medical treatment, and later pledged to contribute to research funds on his behalf.[7]

Sharp and his wife are prominent Canadian philanthropists, having made significant donations to many sources including the Four Seasons Centre for the Performing Arts,[8] the Ontario College of Art and Design,[9] Mount Sinai Hospital,[10] and the Hebrew University of Jerusalem.[11]

Personal life[edit]

He married his high school sweetheart, Rosalie Wise who was also of Jewish descent.[12] They had three sons, Jordan, Gregory and Anthony. They lost a fourth son, Christopher, to melanoma in 1978. His death at least partly inspired Sharp to support Fox financially during his run. A Ty Beanie Baby named Issy was produced in 2001 in Christopher's memory.[13] All proceeds from American sales went to Memorial Sloan–Kettering Cancer Center in New York, while all Canadian proceeds went to the Terry Fox Foundation.

Sharp had a net worth of C$540 million in 2009.[14]

In 2009, Sharp summarized his experience and business philosophy in a book Four Seasons: The Story of a Business Philosophy, published by Viking Canada.[15]

Directorships[edit]

Honours[edit]

  • In 2011 was awarded a Lifetime Achievement Award from the International Luxury Travel Mart
  • In 2010 was inducted into the Hall of Leaders by the US Travel Association
  • In 2009 was awarded an Honorary Doctor of Laws degree from York University
  • In 2009 was awarded a Lifetime Achievement Award from the International Hotel Investment Fund
  • In 2008 was named a Companion to the Order from the Canadian Business Hall of Fame (first inducted in 1998)
  • In 2008 was awarded the Visioinary Awards from the Marketing Hall of Legends
  • In 2006 was awarded the Business Leader Award from the Ivey Alumni Association/Toronto
  • In 2005 was awarded the Outstanding Philanthropist Award from the Association of Fundraising Professionals Greater Toronto Chapter
  • In 2005 was awarded the Honorary Associate Award from The Conference Board of Canada
  • In 2005 was awarded a Lifetime Achievement Award from the American Lodging Investment Summit
  • In 2005 was named a Canadian Hotel Industry Icon by the Canadian Hotel Investment Conference
  • In 2003 was awareded a Lifetime Achievement Award from the Ontario Ernst & Young Entrepreneur of the Year Program
  • In 2003 was awarded an Honorary Doctor of Commerce degree from Ryerson University
  • In 1999 was awarded the International Distinguished Entrepreneur Award by I.H. Asper School of Business of the University of Manitoba
  • In 1999 was awarded the Distinguished Service Award in International Rehabilitation from the New York-based World Rehabilitation Fund
  • In 1998 was awarded the Alumni Award of Distinction from Ryerson University
  • In 1994 was awarded an Honorary Doctor of Laws degree by the University of Toronto
  • In 1993 was made an Officer of the Order of Canada
  • In 1992 was named CEO of the Year by the Financial Post Magazine
  • In 1992 was awarded an Honorary Doctor of Laws degree from the University of Guelph
  • In 1983 he was Ruth Hartman Frankel Humanitarian Award for his support of Terry Fox and the subsequent Terry Fox Run.

References[edit]

  1. ^ Canadian Business Online. "The 2009 Rich 100 | Lists | Canadian Business | Canadian Business Online". List.canadianbusiness.com. Retrieved 2011-03-10. 
  2. ^ Four Seasons: The Story of a Business Philosophy
  3. ^ Prasso, Sheridan (2009-05-06). "Four Seasons' recession-proof philosophy". CNN. 
  4. ^ Prasso, Sheridan (2009-05-06). "Four Seasons' recession-proof philosophy". CNN. 
  5. ^ Canada. "globeandmail.com: __Index Out of Bounds". Globeinvestor.com. Retrieved 2011-03-10. 
  6. ^ 6:16 p.m. March 9, 2011 (2006-11-06). "Four Seasons gets $3.7 billion bid from CEO, Gates, Bin Talal". MarketWatch. Retrieved 2011-03-10. 
  7. ^ Prasso, Sheridan (2009-05-06). "Four Seasons' recession-proof philosophy". CNN. 
  8. ^ Canada. "Arts". Toronto: globeandmail.com. Retrieved 2011-03-10. [dead link]
  9. ^ OCAD - About OCAD - Support OCAD - Make a Donation - Ideas Need Space
  10. ^ Mount Sinai Hospital, Toronto, Canada[dead link]
  11. ^ Canadian Friends of the Hebrew University. "The Isadore Sharp, Einstein Doctoral Scholarships | Canadian Friends of the Hebrew University". Cfhu.org. Retrieved 2011-03-10. 
  12. ^ Rifke: An Improbable Life by Rosalie Wise Sharp retrieved march 22, 2013
  13. ^ "Issy (Washington, DC) the Bear Ty Beanie Baby". Aboutbeanies.com. Retrieved 2011-03-10. 
  14. ^ Canadian Business Online. "The 2009 Rich 100 | Lists | Canadian Business | Canadian Business Online". List.canadianbusiness.com. Retrieved 2011-03-10. 
  15. ^ "''Four Seasons: The Story of a Business Philosophy'' (Viking, May 2009)". Penguin.ca. 2009-04-21. Retrieved 2011-03-10.