Education
He was educated at York University in Toronto.
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Alex Shnaider
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Shnaider moved with his family to Israel when he was four, and then to Canada when he was 13. The company operated in Ukraine before government-owned steel factories were privatised. In 1999 Midland Resources began buying shares in the Zaporizhstal steel mill.
By 2001, Shnaider’s consortium had bought 93 per cent of the mill for $70 million.
Shnaider bought Jordan Grand Prix from Eddie Jordan in February 2005 for approximately United States$50 million, and renamed it Midland F1 Racing for the 2006 Formula One season. On 9 September 2006, the team was sold to Spyker Cars.
In December 2007 Shnaider bought Israeli soccer team Maccabi Tel Aviv for an estimated 12 million euros. On 4 August 2009, Shnaider sold the club to Canadian property developer Mitchell Goldhar, after investing $20 million in the club
Goldhar took on Shnaider’s 80 per cent stake in the club by agreeing to take on its financial commitments.
He also paid $750,000 to the Maccabi Tel Aviv sports foundation for its 20 per cent stake. Shnaider partnered with Donald Trump in the construction of the Trump International Hotel and Tower, which is in Toronto. Donald Trump is a minority shareholder in the project
Shnaider has reportedly decided to keep the penthouse suite for himself, at an estimated value of $20 million.
In March 2010, Shnaider invested in a property consortium that bought Toronto"s King Edward Hotel for $50 million. The asset was purchased in a distressed sale from Lehman Brothers.
Shnaider originally invested alongside three other real estate companies, Skyline International Development Incorporated., Dundee King Edward Incorporated., and Serruya Realty Group Incorporated. However, on 1 August 2012 Omni Hotel and Resorts Chief Executive Officer James Doctorate. Caldwell also took a stake in the hotel.
And on 24 November 2015, Omni Hotels and Resorts announced that it had bought the other parties out and fully owned the hotel.
In 2011 Shnaider formed a Delton Retail fund, a property group, with N3 Real Estate, owned by dutch businessman A.D.G van Dam. On 30 December 2015 Shnaider invested Network Information Service 39 million in Mishorim Development Limited., a real estate company controlled by developer Gil Blutrich. Shnaider had already invested alongside Blutrich in the King Edward Hotel, which Blutrich invested in via Skyline International Development Incorporated., a Mishorim subsidiary.
