Bruce Flatt
Bruce Flatt (born 1965) is a Canadian businessman and the CEO of Brookfield Asset Management. He joined Brookfield in 1990 and became CEO in 2002.[1] He has been referred to as "Canada's Warren Buffett" due to his "value" investment style, extended tenure as CEO, and large investment in Brookfield.[2] In 2019 he was ranked #1717 on Forbes' Billionaires list with a net worth of US$1.3 billion.[3]
Biography
Flatt was born in Canada in 1965. Following university, Flatt worked as a chartered accountant at Ernst & Young.[1] Flatt joined the predecessor to Brookfield in the company’s investment division in 1990,[1] became chief executive of Brookfield Properties (Brookfield's property group) 2000[2] and CEO of the entire business in 2002.[1]
As CEO of Brookfield Properties, Flatt led Brookfield's response to damage caused by the September 11, 2001 attacks in Lower Manhattan.[4][5] Under Flatt, Brookfield became the second largest alternative-asset manager in the world, following the acquisition of a majority stake in Oaktree Capital Management in 2019.[6]
Flatt and a group of partners own 20% of Brookfield, individually and through a company called Partners Limited, with a stake valued at over $8 billion.[citation needed]
Flatt was named CEO of the Year by The Globe and Mail in 2017,[7] 60th in a list of the top 100 best-performing CEOs published by Harvard Business Review in 2018,[8] and one of Bloomberg's 50 people who defined global business in 2019.[6]
Flatt is the husband of art collector Lonti Ebers. Together the couple helped to produce the New Museum's exhibition of work by artist Chris Burden.[9]
References
- ^ a b c d "Bruce Flatt of Brookfield on owning the backbone of the global economy". Financial Times. Retrieved October 31, 2018.
- ^ a b Morrissey, Janet (December 18, 2010). "Bruce Flatt Pushes Growth for Brookfield Asset Management". New York Times. Retrieved October 31, 2018.
- ^ "#1717 Bruce Flatt". Forbes. Archived from the original on December 10, 2019. Retrieved March 12, 2020.
Net Worth Over Time - $1.3B - Billionaires March 2019
- ^ Simon, Bernard (September 23, 2001). "Private Sector; A Landlord at Disaster's Margin". New York Times. Retrieved March 11, 2020.
{{cite news}}: Cite has empty unknown parameter:|1=(help) - ^ Daly, John (January 31, 2003). "The Toughest SOBs in Business". ROB Magazine. Globe and Mail. Retrieved March 11, 2020.
- ^ a b Deveau, Scott (December 4, 2019). "Bruce Flatt, the Accountant on a Spending Spree". Bloomberg Businessweek. Retrieved January 19, 2020.
{{cite web}}: CS1 maint: url-status (link) - ^ Reguly, Eric (November 23, 2017). "Meet our bargain-hunting, globe-trotting, skyline-dominating, ruthlessly smart CEOs of the Year". The Globe and Mail. Retrieved January 19, 2020.
- ^ "The Best-Performing CEOs in the World 2018". Harvard Business Review. November 1, 2018. Retrieved October 29, 2018.
- ^ arielhauter (September 10, 2017). "Lonti Ebers". ARTnews. Retrieved February 6, 2020.