Canadian billionaire, spouse discovered lifeless of their Toronto dwelling

Chelsea West
December 17, 2017

The founder and chairman of Apotex, Bernard Sherman, and his wife Honey were found dead inside their North York mansion, in Toronto, Canada, on Friday.

An estate agent discovered the bodies of pharmaceutical entrepreneur Barry Sherman and his wife Honey.

Hopkinson said police, fire units and ambulance responded to a "medical complaint" just before noon on Friday.

"Until we know exactly how they died we treat it as suspicious and once a determination has been made with the pathologist and the coroner then we move forward from there", Const. David Hopkinson told reporters on Friday evening.

Apotex, in a statement on Saturday, hailed its growth from a two-person firm Sherman started in 1974 to a global giant - one of the world's largest generic drug makers, employing some 11,000 people including more than 6,000 in Canada.

Forbes has estimated Sherman's fortune at $3.2 billion. Authorities haven't said whether they're treating the deaths as a homicide, and autopsy results are expected Saturday afternoon.

Police did not say who made the call, while the National Post reported that the bodies were initially discovered by a real estate agent, who came to the couple's luxury mansion, which is now up for sale.

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"I am beyond words right now", Ontario's Health Minister Eric Hoskins said on Twitter. A very, very sad day.

The mayor of Toronto John Tory through a prepared statement said he was heartbroken and shocked when he learned of the couple's death, noting the couple had made many contributions to the city. The company undercut name-brand drugs by producing cheaper generic versions.

Canadian Prime Minister Justin Trudeau tweeted that he was saddened to by the news of the sudden passing of Barry and his wife Honey.

Lawsuits from family members, alleging they were cut out of their share of the company back in 1967, had dogged Mr Sherman for decades. Those include manufacturing and research facilities concentrated in the Toronto area as well as in Winnipeg. (9NEWS) Post-mortem examinations will be conducted on Barry and Honey Sherman. She also served on the boards of Mount Sinai's Women's Auxiliary, the Simon Wiesenthal Center and the International American Joint Distribution Committee. Neighbours confirmed that the property was the couple's home.

The Sherman's had recently put their house up for sale at the price of C$7 million equal to approximately $5.4 billion.

And the Shermans were generous with their largesse, doling out tens of millions of dollars to universities, hospitals and the United Jewish Appeal, according to the Globe and Mail, a Canadian newspaper.

Sherman was born in Toronto, Canada in 1942 and was the youngest to ever enter into the University of Toronto's Engineering Science program at age 16.

Other reports by TheSundaySentinel

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