Bruce Flatt

Bruce Flatt (born 1965) is a Canadian businessman and the CEO of Brookfield Asset Management. He joined Brookfield in 1990 and became CEO in 2002.[1] He has been referred to as "Canada's Warren Buffett" due to his "value" investment style, extended tenure as CEO, and large investment in Brookfield.[2] In 2019 he was ranked #1717 on Forbes' Billionaires list with a net worth of US$1.3 billion.[3]

Portrait of Bruce Flatt

Biography

Flatt was born in Canada in 1965. Following university, Flatt worked as a chartered accountant at Ernst & Young.[1] Flatt joined the predecessor to Brookfield in the company’s investment division in 1990,[1] became chief executive of Brookfield Properties (Brookfield's property group) 2000[2] and CEO of the entire business in 2002.[1]

As CEO of Brookfield Properties, Flatt led Brookfield's response to damage caused by the September 11, 2001 attacks in Lower Manhattan.[4][5] Under Flatt, Brookfield became the second largest alternative-asset manager in the world, following the acquisition of a majority stake in Oaktree Capital Management in 2019.[6]

Flatt and a group of partners own 20% of Brookfield, individually and through a company called Partners Limited, with a stake valued at over $8 billion.

Flatt was named CEO of the Year by The Globe and Mail in 2017,[7] 60th in a list of the top 100 best-performing CEOs published by Harvard Business Review in 2018,[8] and one of Bloomberg's 50 people who defined global business in 2019.[6]

Flatt is the husband of art collector Lonti Ebers. Together the couple helped to produce the New Museum's exhibition of work by artist Chris Burden.[9]

References
  1. "Bruce Flatt of Brookfield on owning the backbone of the global economy". Financial Times. Archived from the original on June 23, 2020. Retrieved October 31, 2018.
  2. Morrissey, Janet (December 18, 2010). "Bruce Flatt Pushes Growth for Brookfield Asset Management". New York Times. Archived from the original on July 29, 2020. Retrieved October 31, 2018.
  3. "#1717 Bruce Flatt". Forbes. Archived from the original on December 10, 2019. Retrieved March 12, 2020. Net Worth Over Time - $1.3B - Billionaires March 2019
  4. Simon, Bernard (September 23, 2001). "Private Sector; A Landlord at Disaster's Margin". New York Times. Archived from the original on July 20, 2018. Retrieved March 11, 2020.
  5. Daly, John (January 31, 2003). "The Toughest SOBs in Business". ROB Magazine. Globe and Mail. Retrieved March 11, 2020.
  6. Deveau, Scott (December 4, 2019). "Bruce Flatt, the Accountant on a Spending Spree". Bloomberg Businessweek. Archived from the original on March 9, 2020. Retrieved January 19, 2020.
  7. Reguly, Eric (November 23, 2017). "Meet our bargain-hunting, globe-trotting, skyline-dominating, ruthlessly smart CEOs of the Year". The Globe and Mail. Archived from the original on May 1, 2019. Retrieved January 19, 2020.
  8. "The Best-Performing CEOs in the World 2018". Harvard Business Review. November 1, 2018. Archived from the original on October 1, 2019. Retrieved October 29, 2018.
  9. arielhauter (September 10, 2017). "Lonti Ebers". ARTnews. Archived from the original on February 6, 2020. Retrieved February 6, 2020.
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