The Nation: The Growth of a Family Empire

  • Share
  • Read Later

(2 of 2)

Starting as manager of Canadian operations, he moved up in 1957 to become president of Seagram's U.S. subsidiary, which controlled 90% of the company's business. In the same year, his younger brother Charles took over the parent Canadian company. A network of trusts assures the continued control by Sam's children, including Minda, 50, who is married to French Investment Banker Alain de Gunzburg, and Phyllis, 48, an architect. The empire's vast holdings now include interests in real estate, oil and natural gas. The children's mother, Saidye, continues to live in the family compound near Montreal and still consults with Edgar on all important business questions, for the business remains in many ways a family affair. Security once again is tight along the brick walls, but the bicycle path is gone.

  1. 1
  2. 2
  3. Next Page