Most recently, Hall joined Season 16 of CBC's Dragons Den TV Show as a 'Dragon' investor. I am assuming that his philanthropy is structured some other way, because I don't think $5k goes very far in fighting centuries of white privilege. In an SEC filing in mid-October, Pershing Square said it held 12.2 per cent of CP's shares, and that it planned to talk with executives about "the business, management, operations, assets, capitalization, financial condition, governance, strategy and future plans of the issuer.". But many Canadian money managers are particularly timidthey are so non-committal in presentations by activists or target companies that neither side can tell which way they will vote. Is he going to flit from one hot issue to the next just to be cool and relevant? VN's mission: to make up to 12 investments in small-cap companies that, in Vanasek's words, "don't need a PhD level of knowledge" in other words, only businesses they understand. WINFred Godard vs. Leitch Technology (2003) Acting for Leitch "This was our first proxy fight at Kingsdale. Any shareholder with more than 5 per cent of a company's shares can call for a special meeting. CanWest Global hired him as a law clerk and assistant corporate secretary a year later. Estimated Net Worth in 2020: Under Review: Previous Year's Net Worth (2019 . So far, activist investors on both sides of the border still appear to be more inspired by Ackman's CP victory than Rosenstein's Agrium defeat. Wes Hall founded Kingsdale Advisors and built it into one of Canada's leading shareholder services and advisory firms. Famous musicians, Hollywood stars, politicians and athletes came for the food and vibe. Find Wes Hall's email address, contact information, LinkedIn, Twitter, other social media and more. You just do it because nothing is worse than that environment.. CP's share price climbed (along with the value of Ackman's stake) to $65 within days of the announcement, up substantially from $50 in early October. When he was eventually reunited with his mother, she beat him nearly every day, once bloodying his head to the point he needed medical attention. Later that month, news stories reported that Ackman wanted to replace CP CEO Fred Green with hard-driving former CN CEO Hunter Harrison after a non-compete clause in Harrison's contract with CN expired at the end of the year. "We will do whatever it takes to make a return for our investors," says Vanasek. He is from United States. Many people ask this question about the money Wes Hall (businessman) makes from Facebook. Hall, who is one of North America's most influential power brokers, founded Kingsdale Advisors 18 years ago, at the age of 34. Get notification with the latest net worth updates for free. This year, he was awarded an honorary degree from Queens University, the whitest university we have. . He re-joined his mom at 11, but she kicked him out at 13 and he lived on his own until 16, when he decided to move to Canada to get to know his dad, a factory worker. He also owns QM Environmental, a leading national environment and industrial services provider, and The Harbor Club hotel, one of St. Lucias premier resorts. Wes Hall founder and executive chairman at Kingsdale Advisors joins BNN Bloomberg to talk about dismantling systemic racism following the death of George Floyd and changing what our boardrooms look like. This was the spot for anyone who wanted to be seen. Mr. Hall has changed the lives of thousands of children in the Caribbean and Canada by donating both his money and time. "When I wanted to start Kingsdale, it was hard to get backing and I had to find someone who looked like me and believed in my vision to start this business," Hall recounts. As a child in rural Jamaica, he was raised by his grandmother; he moved to Canada at 16, and set himself on track to become one of the most influential business people in Canada. In what turned out to be a PR masterstroke, Hall organized a campaign-style presentation for more than 450 shareholders, analysts and other Bay Streeters in a ballroom at the Toronto Hilton in February, 2012. But how do they do that without tilting the rules in favour of either the barbarians at the gate or the old guard holed up inside? This visit inspired me to revisit some of my favourite BIPOC authors and books that have inspired me the most. Kingsdale Foundation School (KFS) is a British mixed secondary school with academy status in West Dulwich, London, with an age range of 11-19 (Year 7 to sixth form). among the "50 most influential Torontonians in 2020," by Toronto Life magazine; ranked him number 16 on their 2021 Power List of the "50 most powerful people in Canada" by Maclean's magazine . As the Executive Chairman and Founder of Kingsdale Advisors, he has delivered an unparalleled track record of success leading some of the highest profile deals and activist campaigns in North America. He is from Barbados. Not only do I plan to make some incredible deals, I plan to help level the playing field for BIPOC entrepreneurs., "We are thrilled to welcome Wes as a Dragon investor this season," said Jennifer Dettman, Executive Director, Unscripted Content, CBC. 0; He now admits he knew little about what he was asked to do, but the new job allowed him to see the big potential in advising on proxy battles, not just running and monitoring shareholder votes. ), Then as now, Pershing Square's official line was that it prefers to work with a company's existing management to improve performance, rather than go to war. KLUTCH Sports represents some of the biggest athletes across major, Denise Umubyeyi is Co-founder and COO Five to Nine, LLC, a provider of an enterprise software as a service platform that helps companies manage and, Amber Mayfield is the founder & CEO of To Be Hosted & While Entertaining Magazine. Lowering the threshold to 5 per cent doesn't leave too many firms in Canada to invest in," he says. Wes Hall, executive. I was hesitant to help her because I was concerned she would be startled by a Black man helping her, or that the neighbours would call the police on a Black man standing over an elderly white woman. TORONTO-- ( BUSINESS WIRE )-- Kingsdale Advisors, North America's most trusted strategic shareholder advisory firm, today released its 2020 . At the end of the day I had an opportunity to say yes to it, he said, and, as a result of saying, yes, Im guaranteed that its going to open the doors for others like me in the future.. Posts. In August, 1995, Hall received a call from police in Buffalo to come and identify a corpse. Their bill for the whole activist affair? Its the no. We made a rough calculation in regards to the value of his hotel based on estimated annual revenue from 115 rooms, then discounted the total by 40%. Hall says he hails from a "typical Jamaican family, where you have many brothers and sisters with different fathers, and your own father moves on." Talking about his body measurement, he has high of 6feet, 1 inch, and a weight of 77kg. Frankly, its a 50/50 in my mind that she fell on purpose just to inflict such a painful dilemma on Wes Hall. Let's check, How Rich is Wes Hall in 2019-2020? A tall, strong and powerfully built man, Hall was a genuine fast bowler and despite his very long run up, he was renowned for his ability to bowl long spells . Dragons Den Canada's investor Wes Hall has a net worth in billions. His net worth has been growing significantly in 2021-2022. All right reserved. As executive chairman and founder of Kingsdale Advisors, he has been repeatedly named one of Canada's most powerful people, including by the Globe and Mail, Canadian Business, Toronto Life and Maclean's. . It had been lagging rival Canadian National Railway by just about every measure for years. We have estimated Wes Chandler's net worth , money, salary, income, and assets. Wesley J. His crowning achievement was maneuvering along with Bill Ackman to oust the blue blood board of Canadian Pacific and installing Hunter Harrison as CEO. In 2020, Wes wrote an oped in the Globe decrying anti-Black racism, which eventually led him to found the BlackNorth Initiative. Our daily newsletter is FREE and keeps you up-to-date with the world of wealth. He is the founder of Kingsdale Advisors, which is a power broking stakeholder advisory firm covering North America. That was paradise compared to the two years he lived with his verbally abusive and violent mother; at thirteen, his mother threw him out, and he had to live by his wits for the next three years. Hall is a Canadian businessman and entrepreneur, best known as a "Dragon" investor in the Canadian edition of the reality television series Dragons' Den. He's orchestrated multi-billion-dollar deals for Air Canada, Citigroup, Tim Hortons, and Petro Canada and is #16 on Maclean's Power List of 50 influential Canadians. You've successfully subscribed to OPM WIRE. He also consulted Wes Hall on the recommendation of his respected and tough-minded Canadian securities lawyer, Patricia Olasker of Davies Ward Phillips & Vineberg, who had acted for Ackman in disputes with Canadian Tire in 2006 and Sears Canada in 2010. Influenced by the Black Lives Matter (BLM) movement and a series of social injusticesspecifically the death of George Floyd in police custodyHall had an idea to use his privilege, power, and position to make a social impact. Some information may no longer be current. Wes doesnt mention it in the book, but he sold majority control of his Kingsdale Advisors to MDC Partners for $50m in 2014. As Hall did with Ackman in the CP uprising, he accompanied Rosenstein to meetings with the large Canadian institutional shareholders. Check the people you hang around with its like looking in the mirror. Hall Born: May 08, 1969, Golden Grove, Saint Thomas, Jamaica Position: Executive Chairman and Founder Works for: Kingsdale Advisors Primary Industry: Financial Services Nationality: Jamaican, Canadian Residence: Toronto, Ontario Net Worth: ( 01/03/2023 ): ~ USD $0.38 Billion. . Chairman and Founder, WeShall Investments Inc., Kingsdale Advisors, The BlackNorth Initiative, Dragon on CBC's Dragons' Den, Host "Between Us with Wes Hall" Podcast. Canadian Business Leader. He has established himself as the preeminent leader in shareholder advisory services and contested investor situations. Duncan Bannatyne: 400 . The TIFF CEO is also Black. At least, co-Chair Prem Watsa is soldiering on. Advisor. Hall also says that roughly a dozen companies have paid him to simply sit on the sidelines during disputes. Wes Hall starts from a much lower base and arguably rises much farther, becoming an advisor to hedge fund titans and CEOs. Using the firm's generous education allowance for employees, he took night courses at community colleges finance at Seneca and law at George Brown and earned a law clerk's certificate. Welcome to the full-combat world of activist investing. Welker was very good in his early days and hence . Summary. https://t.co/56caNWTzw6, @cityoftoronto this is really dumb what you just did at Avenue and Roxborough West. Primary Job Title Founder & Chief Executive Officer; Wes Hall, executive chairman of Toronto-based Kingsdale Advisors, is on a mission to eliminate anti-Black systemic racism By: Greg Dalgetty August 21, 2020 00:09 Courtesy Kingsdale Advisors Wes Hall knew the stakes were high when he built Kingsdale Advisors from the ground up back in 2003. Wes Hall was born on September 12, 1937 in Barbados. Hall's phone number was found in his pocket. The CEO tendered his resignation the next morning. Having been the point man in so many big deals and uprisings, Hall is now respected on Bay Street, but certainly not universally liked. My youngest, Broghan, will order plain pasta and french fries in Italy. And finally, my everything, Christine, is our mother hen. And, really, that tin shack is what drives me, the executive chairman and founder of Kingsdale Advisors of Toronto told WP while vacationing in Italy. But if I wanted a feel-good Jamaican-Canadian story, I would have re-watched Cool Runnings. Meanwhile, CP's board "imagined a feedback loop" of fellow Canadians that didn't exist, says Katzovicz. Having come from a tin shack with no electricity or running water, but which had an outhouse, and living in luxury because his house has running water, electricity, and a bathroom, Hall noted that differs from others who dont want to lose their possessions or reputation by taking on something risky. I have now read the book and am mulling my verdict. "My client decided not to do so. Michael Gordon was deported to Jamaica some time in the early 1990s, after several drug-related arrests. Reporters compared it to an evangelical revival meeting. No credit card required. He grew up with his 14 siblings in a tin shack under. Wes Hall, founder and executive chairman of Kingsdale Advisors and founder of BlackNorth Initiative at his home in Toronto. Theyd only met a couple of times in Jamaica, but he didnt like following his dads rules, so soon moved to a rooming house, and worked as a dishwasher in a tough part of Scarborough while he finished high school. The activist wanted to replace several company directors; the new board would then certainly fire its top managers. Entrepreneur tells WP about his journey from a tin shack to corporate boards and Dragons' Den, and why he still feels he has nothing to lose. [1] Born and raised in Saint Thomas, Jamaica, [2] Hall moved to Toronto, Ontario as a teenager. Follow us on Twitter: @globebusinessOpens in a new window, Checking box will enable automatic data updates. Wes Hall is the executive chairman of the KSS Group of Companies, director of SickKids Foundation and board member of the Toronto International Film Festival (TIFF). Wes Hall spent his early childhood in a zinc-roofed shack, one of several children supported by his grandmother. Still, the vital history of the Underground Railroad lives on not only in this plaque but in our ongoing commemoration and celebration of Black History Month. But the lawyer acknowledges that Hall and his team are the "safe option," because Kingsdale is the biggest and best-known proxy advisory specialist. Wes Hall is also a self-proclaimed philanthropist with $5,021 in his foundation as of 2020. Wes Hall is an established innovator, entrepreneur, and philanthropist. Deeply rooted in communities, CBC/Radio-Canada offers diverse content in English, French and eight Indigenous languages. Once a Dragon, always a Dragon - and while we will miss them in the Den, we look forward to seeing what they do next.". Regulating proxy monitoring services is another possibility. Filing cabinets jammed with papers provide the only decor. Im excited to join Dragons Den and sit alongside some of our countrys biggest and brightest business minds, said Hall. My youngest daughter Skyla is a princess whose motto is "you can do it all for me." CP's operating ratioan industry benchmark that measures the percentage of a railroad's revenues that go toward operating expenses was more than 80 per cent, the highest among the six biggest North American rail carriers, compared with about 63 per cent for CN. Target companies are in play because they're seen as laggards, and it's his job to point out their deficienciesin detail. ", WINPershing Square vs. CP (May, 2012) Acting for Pershing Square"The largest fight in Canadian history and the largest margin of victorythough, initially, people thought we would not be able to unseat a board of that calibre. In 1985, at age 16, Hall moved to Toronto to live with his father, a factory worker. Rosenstein's outburst capped a 10-month push for reform at Agrium. As a first step, CIBC CEO Victor Dodig must disclose why hes no longer co-chair of BlackNorth. After repeated attempts to confront the board through letters, calls and even an in-person visit to company executives, Vanasek and Noone figured they had no choice but to fight: The fact that VN, one of Ceres's largest shareholders, was being completely ignoredwhen all they were asking were perfectly legitimate shareholder questionsflew in the face of good corporate governance for a public company. The firm's staff is split among account managers for specific companies, legal and communications specialists to prepare documents and presentations for investors, and call centre employees who phone shareholders. Canada's first Black Dragon @cbcdragonFounder/Chairman @kingsdaleadvisors @blacknorthca2022 Canadian Business Leader of the Year . Hall lauded those who hired him based on his potential, but then added, its up to me as to whether or not Im going to prove theyre right. He then quoted Richard Branson, who said, if someone give you an amazing opportunity and youre not sure you can do it, say yes, and figure out how to do it later. ", WINWheaton River/Iamgold/Coeur d'Alene/ Goldcorp/Glamis (January, 2005) Acting for Wheaton River and Goldcorp"This kept me busy for months. God forbid someone should think their obstacles are surmountable! Regardless of what the regulators decide, as long as at least some Canadian corporate giants continue to underperform, business will still be good, no matter which side Hall is on. This was right after the killing of George Floyd. CBC today announced that a new Dragon will enter the Den for Season 16 of DRAGONS' DEN .Wes Hall, Executive Chairman and Founder of Kingsdale Advisors and Founder and Chairman of The BlackNorth . Find out Wes Hallnet worth 2020, salary 2020 detail bellow. Hall says he almost always advises activists to take it slow. Whats she doing hoarding a big old home in Rosedale, when she should be in Florida zooming around in a golf cart? Our distinctively homegrown entertainment programming draws audiences from across the country.