Paul Desmarais net worth: Paul Desmarais Sr. is a Canadian financier who has a net worth of $4.5 billion. Paul Desmarais may not be as well-known as Warren Buffett, but his publicly-traded investment holding firm Power Corp. is said to have many similarities with Buffett's multinational conglomerate Berkshire Hathaway. Paul's Montreal-based Power Corp. and its subsidiaries own financial services companies like the mutual fund company Putnam Investments and insurance firm Great-Life Westco, as well as a share in Chinese conglomerate CITIC Pacific. While together with Belgian billionaire investor Albert Frere, Power Corp. also manages investments in some of the Europe's leading companies like cement giant Lafarge, oil company Total and wine & spirits maker Pernod Ricard. The Canadian billionaire now only chairs the company active in the fields of mass media, pulp and paper and financial services, whereas his sons Andre and Paul, Jr. serve as co-CEOs.
Paul Desmarais Net Worth
Read more: Paul Desmarais Net Worth