Bruce Flatt (born June 10, 1965)[1] is a Canadian businessman and the CEO of Brookfield Asset Management. He joined Brookfield in 1990 and became CEO in 2002.[2] 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.[3] In 2022, he was ranked #622 on Forbes' Billionaires list with a net worth of US$4.5 billion.[4][5]
Bruce Flatt | |
|---|---|
 | |
| Born | June 10, 1965 |
| Education | University of Manitoba (BComm) |
| Occupation | CEO of Brookfield Asset Management |
| Spouse | Lonti Ebers |
| Website | www |
Career
editFlatt, whose father was an executive at a Manitoba mutual fund company,[6] was born in Canada in 1965. Following university, Flatt worked as a chartered accountant at Ernst & Young.[2] Flatt joined the investment division of Brascan (Brookfield's predecessor) in 1990,[2][7] became chief executive of Brookfield Properties in 2000[3] and CEO of the entire business in 2002.[2]
As CEO of Brookfield Properties, Flatt led Brookfield's response to damage caused by the September 11, 2001 attacks in Lower Manhattan.[8][9] 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.[10]
Flatt and a group of partners own 20% of Brookfield, individually and through a company called Partners Limited.[11]
Awards
editFlatt was named CEO of the Year by The Globe and Mail in 2017,[12] 60th in a list of the top 100 best-performing CEOs published by Harvard Business Review in 2018,[13] and one of Bloomberg's 50 people who defined global business in 2019.[10]
Personal life
editFlatt is married to art collector Lonti Ebers, who is the founder of a non-profit organization, Amant, and a trustee and patron of New York City's Museum of Modern Art.[14][15][16]
Flatt lives in Toronto, London and New York City.[6][7]
References
edit- ^ Shah, Oliver (May 7, 2023). "Brookfield's Bruce Flatt: A recession will help bring people back to their senses". The Sunday Times. Archived from the original on May 6, 2023.
- ^ a b c d "Bruce Flatt of Brookfield on owning the backbone of the global economy". Financial Times. Archived from the original on June 23, 2020. Retrieved October 31, 2018.
- ^ a b Morrissey, Janet (December 18, 2010). "Bruce Flatt Pushes Growth for Brookfield Asset Management". New York Times. Archived from the original on July 29, 2020. 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
- ^ "Profile: Bruce Flatt". Forbes. Archived from the original on August 21, 2017. Retrieved January 20, 2022.
- ^ a b Gara, Antoine (May 2, 2017). "Brookfield's Bruce Flatt: Billionaire Toll Collector Of The 21st Century". Forbes. Archived from the original on May 2, 2017. Retrieved December 26, 2021.
- ^ a b Reguly, Eric (November 23, 2017). "CEOs of the Year: How Bruce Flatt and the Brookfield four built Canada's most successful international player". The Globe and Mail. Retrieved February 23, 2022.
- ^ Simon, Bernard (September 23, 2001). "Private Sector; A Landlord at Disaster's Margin". New York Times. Archived from the original on July 20, 2018. Retrieved March 11, 2020.
- ^ 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. Archived from the original on March 9, 2020. Retrieved January 19, 2020.
- ^ Brookfield Asset Management Inc. (June 14, 2019). "2019 Management Information Circular". Securities and Exchange Commission. Retrieved February 23, 2022.
- ^ Reguly, Eric (November 23, 2017). "Meet our bargain-hunting, globe-trotting, skyline-dominating, ruthlessly smart CEOs of the Year". The Globe and Mail. Archived from the original on May 1, 2019. Retrieved January 19, 2020.
- ^ "The Best-Performing CEOs in the World 2018". Harvard Business Review. November 1, 2018. Archived from the original on October 1, 2019. Retrieved October 29, 2018.
- ^ arielhauter (September 10, 2017). "Lonti Ebers". ARTnews. Archived from the original on February 6, 2020. Retrieved February 6, 2020.
- ^ Loos, Ted (May 4, 2021). "An Arts Patron Widens Her Reach With a Brooklyn Museum". The New York Times. ISSN 0362-4331. Retrieved January 20, 2022.
- ^ "Officers and trustees | MoMA". The Museum of Modern Art. Retrieved January 20, 2022.
External links
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