Here's an excerpt from Kevin Donovan's new book on the life and death of Barry Sherman, the billionaire founder of Canadian pharmaceutical company Apotex, and his wife, Honey:
Barry Sherman, multi-billionaire founder of Canadian pharmaceutical company Apotex and well-known philanthropist, was discovered in the basement of his 12,000-square-foot home in Toronto, in a seated position, legs outstretched, the right leg crossed neatly over the left, his back to the lap pool. He was wearing his glasses, perched undisturbed on his nose. His bomber-style jacket was pulled slightly off his shoulders and down, which held his arms at his sides.
Sherman carried on a high-stakes game with a cast of characters strikingly different from the scientists and bureaucrats he spent most of his life with.estimated his personal net worth at $3 billion. One highly placed insider with knowledge of Sherman’s family holding company told me that Sherman had numerous investments outside of Apotex and that his real net worth was closer to $10 billion.
Sherman and his financial managers noticed that debts were piling up at the brewery and other D’Angelo businesses that Sherman was backing. In 2007, two things happened that would unsettle D’Angelo’s world for a short time. Sherman called him in and told him that he was sorry, but his twenty-five-year-old son, Jonathon, a recent engineering graduate of Columbia University, in New York, was taking over Steelback Brewery after a short stint at Apotex. Not long after, the Shermans put Steelback and some of the other D’Angelo initiatives into creditor protection with a plan to restructure.
In the weeks immediately after Barry and Honey died, family openly floated the idea that D’Angelo was either the killer, or that some financial deal he and Barry were involved in led to the attack. D’Angelo scoffs at this idea. “First, Barry was like a brother to me. I loved him.
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