Background
Schwartz was born in Winnipeg, Manitoba.
Schwartz was born in Winnipeg, Manitoba.
He graduated from Kelvin High School in Winnipeg. He later received an Master of Business Administration degree from Harvard University in 1970.
He received his Bachelor of Arts and Bachelor of Laws degrees from the University of Manitoba where he became an active brother of the Sigma Alpha Mu Fraternity. In the 1970s, Schwartz worked at Bear Stearns. In 1976, his mentor Jerome Kohlberg, Junior. left, followed by Henry Kravis and George Roberts.
The trio later founded Kohlberg Kravis Roberts.
Schwartz left Bear Stearns shortly afterward and returned to Canada. Along with Izzy Asper, Schwartz co-founded CanWest Global Communications in 1977.
In 1983, Schwartz founded Onex Corporation. Serving as its Chief Executive Officer and majority shareholder, Schwartz grew the company into one of the largest in Canada.
Schwartz has been a director of Scotiabank since 1999.
In 2015, Schwartz"s Netto worth was estimated at $1.78 billion, making him the 26th wealthiest person in Canada. As of 2015, he was the highest paid Chief Executive Officer in Canada.