Paul Desmarais

Paul Guy Desmarais Sr., born on January 4, 1927, was a prominent Canadian financier and philanthropist, whose influence was deeply felt in Montreal and beyond. He was the driving force behind Power Corporation of Canada, a diversified international management and holding company with extensive interests in financial services, asset management, and renewable energy.

Desmarais's remarkable business acumen led him to amass a family net worth estimated at four point five billion US dollars by March 2012, positioning him as the fourth wealthiest individual in Canada and the two hundred thirty-fifth in the world by 2013, according to Forbes.

In 1996, he transitioned from his role as chairman and chief executive officer of Power Corporation to pass the leadership to his sons, Paul Jr. and André. Despite this change, he remained an influential figure as a director and chairman of the executive committee, retaining his status as the controlling shareholder.

Beyond his business achievements, Desmarais was celebrated for his integrity and his unwavering commitment to fostering a united and prosperous Canada, leaving a lasting legacy in both the corporate world and the philanthropic community.