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International

Canadian Pharmaceuticals Billionaire And Wife Found Dead In Toronto Mansion

12:50, Saturday, 16 December, 2017
Canadian Pharmaceuticals Billionaire And Wife Found Dead In Toronto Mansion

Canadian billionaire Bernard "Barry" Sherman and his wife, Honey, were found dead in their Toronto home Friday, and police are reportedly investigating their deaths as suspicious.

A spokesperson for Apotex, the generic drug giant Sherman started, confirmed the couple's deaths Friday. "All of us at Apotex are deeply shocked and saddened by this news and our thoughts and prayers are with the family at this time," a spokesperson for the company stated in an email.

Police were called to the Shermans' home in Toronto just before noon on Friday after two bodies — which turned out to be Sherman and his wife — were found in the basement, The Globe and Mail newspaper reported.

Sherman was age 75. He and his wife are survived by their 4 children.

In 1974, armed with a doctorate in rocket science from MIT, Sherman used his mother's life savings to buy his uncle's drug company, which ultimately became Apotex. Starting with two employees, he expanded the company to a workforce of over 10,000. Sherman stepped down as CEO in 2014 but stayed on as chairman. At the time of his death he had an estimated net worth of $3.2 billion, and was the 12th richest person in Canada. He has appeared on the Forbes list of the World's Billionaires for more than 15 years.

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