But ultimately society makes it possible, and this wealth should flow back to society. A skier into his eighties, Munk kept a chalet at Klosters as well as homes in Ontario and Paris and a ft motor yacht, Golden Eagle. Peter Munk married first, in , Linda Gutterson; the marriage was dissolved and he married secondly, in , Melanie Bosanquet, who survives him with their two children, and three children of his first marriage.
Close navigation menu Subscribe Log In. Today's Paper. West Rewards. Up Late. My thoughts are with Melanie and the family. At the same time, his first marriage, to Linda Gutterson, fell apart. In she moved to Switzerland with Nina and her older brother, Anthony. He never doubted he would make it all back, and then some. So why engage in belt-tightening? Peter Munk was one of Toronto's most generous and accomplished residents.
On behalf of the people of Toronto, I offer his family and friends heartfelt condolences. He will be missed. The audacity of the venture, coming on the heels of the Clairtone failure, suggests more than optimism was at play.
Canadian author Peter C. A year earlier he had started Barrick Petroleum, an oil and gas exploration company, but soon shifted to gold. In Brookfield Properties Corp. In , he bought a former Soviet-era naval base in Montenegro, transforming it into a five-star resort and yacht marina on the Adriatic. Occasionally, his best deals were the ones that got away.
Why would you be happy with halfway? At the time, he was still chairman of Barrick, still skiing with his family in Klosters, Switzerland, where he had owned a chalet since , and still boasting to friends about his virility. Poor health inevitably caught up with him. He was forced to give up skiing in — Prince Charles, actor Deborah Kerr and writer Irwin Shaw had been among his ski friends — and he had to cut back on transatlantic flights, making his appearances in Europe increasingly rare.
In his last year or so, he mostly divided his time between Toronto and Lyford Cay, the exclusive gated community in the Bahamas where he recently bought a villa. Still, he would become irate when various newspapers, including The Globe, carried stories about his imminent retirement, as if he were a scarred old lion ready to expire on the savannah.
Such stories would inevitably trigger a blast from Mr. In the end, Mr. Munk did his job by sweetening his offer for Lac Minerals Ltd. Originally published May 10, And financing for the future should not be that much of a problem. Wednesday,April 9, Various photos Peter Munk outside the Munk Centre.
For Toronto Weekend. Outgoing chairman Peter Munk gets up to speak at the Barrick Gold annual general meeting for shareholders in Toronto, April 30, Barrick Gold Corp reported a steep drop in first-quarter earnings on Wednesday and cut its forecast for copper production.
Peter Munk, founder and chairman of Barrick Gold Corporation stepped down as chairman during the company's annual general meeting April 30 Outgoing Barrick Gold chairman Peter Munk arrives with his wife Melanie at the annual general meeting for shareholders in Toronto, April 30, Peter Munk settled out of court with Citibank and all of the two million in settlement money will go to the Toronto Health Network.
May 1, Peter Munk at Barrick Gold annual meeting. Picture taken on Oct. Barrick Gold reassured its investors that its hedging program will serve them well.
Barrick Gold's Chairman and Founder Peter Munk wears his trademark hat as he arrives at the mining company's announcement of their first quarter results in Toronto on Wednesday April 24, In the business world, Mr. Munk was best known as the driving force behind Barrick, whose falling value on the Toronto stock market in recent years filled him with rage and anxiety. He was also known as the sponsor of the Munk Debates, which put Toronto on the global debates map.
The U of T was overwhelmed by his generosity. Among Canadian patriots, Mr. Munk is something of a hero. Peter Munk is photographed at a Barrick Gold annual meeting on May 1, He came alone, sporting his trademark fedora, monogrammed Charvet shirt and Order of Canada medal pinned to his lapel.
Not even his Barrick PR team knew that he had snuck off to the newspaper to rail against the takeovers that were turning Canada into a branch plant economy. Munk was right. By then, it was too late. Riding the gold surge, Barrick would go on to become a takeover- and wealth-creation machine, although it nearly crippled itself a few years ago under the weight of mine-development cost overruns, especially in Latin America. Munk was the proudest of Canadians and used many of his public appearances to thank his adopted country for accepting him and his family unconditionally after the Second World War and giving him the opportunity to make his fortune.
To the very end, he had a brain as sharp as can be. We all dream of the kind of energy he had at his age.
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