Larry Tanenbaum net worth: A Multifaceted Journey to $2 Billion

Larry Tanenbaum Net Worth

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Larry Tanenbaum’s net worth is $ 2 Billion, according to Forbes in 2024.

Larry Tanenbaum is a Canadian businessman and Kilmer Van Nostrand Co. Limited (KVN) Chairman. He is also famous for his voluntary involvement in the sports community and his philanthropic contribution to medical research and science.

He is from Toronto, Canada. Despite his family business mainly focusing on construction and civil engineering, his passion for sports made him involved in the community.

What is Larry Tanenbaum’s Net Worth? A Summary

SL#YearRevenue
12024            $2 Billion
22023$1.86 Billion
32022$1.53 Billion
42021$1.5 Billion

Who is Larry Tanenbaum?

Larry is the chairman of Maple Leaf Sports and Entertainment. Born in Toronto on 7th July 1945, he is the Chairman of Maple Leaf Sports and Entertainment (MLSE).

In 1968, he joined his family’s business. His business has been in operation for more than 55 years. As a North American powerhouse, he plays an important role. He is one of Canada’s wealthiest citizens.

Since 1991, he has owned several teams. From 2003 to 2006, he was the Chairman of the CFL Board of Governors.

Larry Tanenbaum’s Biography

Larry Tanenbaum is well-recognized for his engagement in the sports community. His construction company, Kilmer Van Nostrand Co. Limited (KVN), is renowned for heavy construction projects under his leadership.

NameLawrence M. Tanenbaum
NicknameLarry
WifeJudy Tanenbaum
Date of BirthJuly 8, 1945
HoroscopeCancer
Age79 years
BirthplaceToronto, Canada
Net Worth (2024)$ 2 Billion
OccupationBusinessman
NationalityCanadian
GraduationCornell University (B.Sc. in Economics)
Current ResidenceToronto, Canada
Social MediaN/A 
Height5’8”
Weight130 lbs
GenderMale

Larry Tanenbaum’s Personal Life

Larry Tanenbaum’s family has an exciting history. Larry was born in a Jewish family as one of the seven children of Max Tanenbaum and Anne Tanenbaum. 

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The Tanenbaum family started their journey in Toronto in 1914, led by their patriarch Abraham Tanenbaum. He started to collect scrap metals and prospered when he built the Runnymede Iron and Steel Company.

Larry’s father, his son Max, expanded the family business and founded his ork Steel Construction Limited company. He also purchased the rival construction farm, Kilmer Van Nostrand. In 1968, Larry joined KVN as General Manager after graduating from Cornell University. 

In 1980, Larry’s father, Max Tanenbaum, had a stroke that led the family business to a sharp decline. After his death, the siblings had a bitter battle for the fortune. Though the argument ended later, the public discussion about the dispute led Larry to avoid sharing personal details.

He has been married to Judy Tanenbaum for a long time, since 1967. His wife is very supportive of his career.

He has two daughters and a son. All of them are married and have their own family with children.

Larry Tanenbaum’s Education

Larry Tanenbaum had a passion for economics. So, he attended Cornell University and graduated with a Bachelor of Science in Economics in 1968. In 1970, he earned a law degree from Osgoode Hall Law School.

Larry Tanenbaum’s Career

Larry Tanenbaum’s career took an uprising journey right from when he joined his father’s company as General Manager. And now it has settled him down as a business tycoon with a multi-faceted construction company.

When it all started-

  • While at Cornell University, Larry worked as student manager of the university’s hockey team.
  • After getting a degree, he joined Kilmer Van Nostrand Company as General Manager in 1968.
  • He was elected president of KVN in 1975; from then till 2000, he served as its president and CEO. Under his direction, the company operated many heavy construction projects in Canada, The United States, and South America.  
  • He also served as the Chairman of Warren.
  • He was a major shareholder of CUC Broadcasting Limited from 1975 to 1994 and served on the Board of Directors.
  • In 1984, he merged Kilmer with Canadian Foundation Company Limited and later with Bannister International.
  • From December 2000 to 2006, he served on the Board and chaired the Finance Committee of Lafarge NA.
  • Despite many setbacks, Larry entered the professional sports world.  In 1998, he brought the ownership of the Maple Leafs and the Toronto Raptors into a single ownership group. That is when Larry founded Maple Leaf Sports and Entertainment Ltd.
  • In 2001, KVN launched a private equity firm, Kilmer Capital Partner Ltd, under his leadership.
  • In 2003, he became the Chairman of MLSE. 
  • He was also a member of the Board of Directors of a Canadian Investment Management Firm and a Director of a Canadian newspaper. 
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Larry Tanenbaum’s Achievements

As a Canadian citizen, Larry Tanenbaum has gained quite a popularity for his responsibilities and philanthropic works. 

  • He is Canada’s wealthiest sports owner.
  • He was appointed an Officer of the Order of Canada, the country’s highest civilian honor, in 2007.
  • He owns a residence in the wealthy hill forest area of Toronto, a 14,833 sq. feet house.
  • According to the Forbes Billionaire list 2024, Larry is on number 1516.
  • St. Michael’s College awarded him an honorary Doctor of Laws degree in 2012.
  • In February 2013, he was inducted into the Ontario Road Builder’s Hall of Fame.
  • In 2015, he was inducted into the Canadian Sports Hall of Fame for contributing to Canadian sports.
  • He received the Outstanding CEO Award from the Chinese Business Chamber of Canada in 2016.

Larry Tanenbaum’s Philanthropic Commitments

Larry Tanenbaum has received many awards and recognition through his philanthropic works.

  • He donated $25 million to Toronto’s Mount Sinai Hospital for biomedical research in 2006.
  • Larry donated $20 million to the Montreal Neurological Institute to create the Tanenbaum Open Science Institute with McGill University in 2016.
  • He has been donating regularly to the Jewish community of Canada as a tradition that started with his grandfather, Abraham Tanenbaum.
  • He founded an international non-profit organization, Right To Play, that empowers vulnerable children in different countries.

Conclusion

That’s all about the multi-faceted billionaire Larry Tanenbaum. If you have any queries about other celebrities, let us know. Our team will provide you with the best possible and honest answers.

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