BillionaireNet
Zekelman
Barry Zekelman
Rank #1188
CANADAMetals & MiningSteel

Barry Zekelman

Net Worth
$3.414B
0% (24h)
Barry Zekelman, a Canadian billionaire, is the Executive Chairman and CEO of Zekelman Industries, the largest independent steel pipe and tube manufacturer in North America. Born on March 1, 1967, Zekelman took over the family's steel business at age 19 after his father's passing. Under his leadership, the company, initially Atlas Tube, experienced substantial growth, eventually becoming Zekelman Industries. His estimated net worth is $3.4 billion, and his source of wealth is steel. Zekelman is known for his commitment to domestic manufacturing and his philanthropic endeavors.

The Full Dossier

Early Life

Barry Zekelman was born and raised in Windsor, Ontario, Canada. He received his early education in Windsor and later attended York University in Toronto, Ontario. However, his university education was interrupted in 1986 due to the sudden passing of his father, Harry Zekelman. At that time, Barry and his brothers took over ownership of Atlas Tube Inc., the family's steel business.

Rise to Success

After assuming leadership, Barry Zekelman, with his brothers, transformed Atlas Tube. The company grew significantly under his leadership, increasing from a $1.5 million in revenue in 1986 to over $1.2 billion by 2006. In 2006, Atlas Tube was merged with John Maneely Company, later forming JMC Steel Group. The Zekelman family repurchased the company in 2011 and renamed it Zekelman Industries in 2016. Today, Zekelman Industries is the largest independent steel pipe and tube manufacturer in North America, with revenues exceeding $2.7 billion annually.

Key Business Strategies

Zekelman's success is attributed to key business strategies, including a focus on customer service, employee empowerment, and investment in leading-edge technology. The company prioritizes domestic manufacturing and has expanded through acquisitions and innovation. Zekelman Industries has a strong market position in North America, with a focus on hollow structural sections, standard pipe, electrical conduit, and fittings.

Philanthropy

Barry Zekelman is known for his philanthropic efforts, supporting various causes in healthcare, education, and community development. In 2019, he and his wife raised over $500,000 to support Transition to Betterness and the Dr. Lisa Ventrella-Lucent Greenhouse project.

Career Timeline

2016

Renamed to Zekelman Industries

JMC Steel Group was renamed Zekelman Industries, unifying all operating divisions under the Zekelman name.

2013

Returned as CEO

Returned to the role of CEO.

2010

Executive Chairman

Became Executive Chairman.

2008

CEO and President

Became the CEO and President of the company.

2006

COO of JMC Steel Group

Atlas Tube became part of JMC Steel Group, and Barry Zekelman became the COO.

1986

Assumed Ownership of Atlas Tube

Took over Atlas Tube after the passing of his father, Harry Zekelman.

Philanthropic Impact

Healthcare and Community Development$0.5B

Transition to Betterness and Dr. Lisa Ventrella-Lucent Greenhouse project

Raised over $500,000 to support Transition to Betterness and the Dr. Lisa Ventrella-Lucent Greenhouse project.

Wealth Trajectory