Jacqueline Desmarais & family was born on September 20, 1928 in Canada. Jacqueline Desmarais and her four children inherited a massive fortune left to them by her late husband Paul Desmarais, Sr. who died in Oct. 2013. He was 86. Mrs. Desmarais now oversees the family fortune with her sons Paul, Jr. and Andre as trustees of the Desmarais Family Residuary Trust. Both sons serve as co-CEOs of the Montreal-based Power Corp., which their father built into a publicly-traded financial services behemoth that includes mutual fund company Putnam Investments, insurance firm Great-Life Westco and a stake in Chinese conglomerate CITIC Pacific. The family sold more than 15 million subordinate voting shares of Power Corp. in Jan. 2014. Jacqueline Desmarais lives at the family's 75-acre estate Le Domaine Laforest in Quebec.
Jacqueline Desmarais & family is a member of Finance
💰Jacqueline Desmarais & family Net worth: $5.1 Billion
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Biography/Timeline
1928
She was born Jacqueline Maranger in Sudbury, Ontario, to Ernest Marenger and Albertine Thanase, on September 20, 1928.
1953
On September 8, 1953, at Notre-de-Dame-de-Grâce, Quebec, she wed the financier Paul Desmarais (1927-2013), also a native of Sudbury.
1989
She was a long-term supporter of music and opera in Canada, and head of the guild of the Montreal Symphony Orchestra from 1989 to 1999. In 1997, she created a foundation in her name to support young opera Singers.
2011
In 2011, she received an honorary doctorate from the Université de Montréal's faculty of music.
2013
In 2013, Desmarais was named an officer of the Order of Canada. In 2016, she was awarded a Companion of Quebec's Order of Arts and Letters.
2015
According to Forbes, Desmarais had a net worth of $4.2 billion in January 2015.
2016
In 2016, Montreal's Sainte-Justine Hospital christened the Jacqueline Desmarais Pavilion.
2018
Jacqueline Desmarais died on March 3, 2018, aged 89.