BillionaireNet
Zekelman
Clayton Zekelman
Rank #1872
CANADAMetals & MiningSteel

Clayton Zekelman

Net Worth
$2.106B
0% (24h)
Clayton Zekelman, a Canadian citizen, is a prominent figure in the steel industry, with a net worth estimated at $2.1 billion. His wealth stems primarily from his stake in Zekelman Industries, a major North American manufacturer of steel pipe and tube products. Beyond his steel business, Zekelman also has interests in the telecommunications sector, owning MNSi Telecom and Nexicom. His career reflects a blend of entrepreneurial spirit and strategic investment. He resides in Windsor, Ontario, and is known for his philanthropic activities.

The Full Dossier

Early Life

Clayton Zekelman, along with his brothers Barry and Alan, inherited Atlas Tube after their father's passing in 1986. The company, at the time, had only 5 employees.

Rise to Success

Under the leadership of the Zekelman brothers, Atlas Tube experienced substantial growth, eventually leading to over $1 billion in sales with a workforce of 2,000 employees. In 2006, the company merged with JMC Steel and was later acquired by the Carlyle Group for $1.2 billion. The Zekelman family repurchased the company in 2011, rebranding it as Zekelman Industries in 2016.

Key Business Strategies

Zekelman Industries operates with three primary segments: Atlas (structural tubing), EFM (electrical conduit, fittings, and couplings, fence pipe, and mechanical tubing), and Pipe (standard pipe and fire sprinkler pipe). The company's key competitive advantage lies in its scale, enabling it to leverage purchasing volume and market insights to obtain favorable terms from suppliers.

Philanthropy

Clayton Zekelman is known for his charitable contributions. Some of Zekelman's donation recipients include the Mishkan Israel Synagogue, Holocaust Memorial Center Zekelman Family Campus and The Lori E. Talsky Center for Human Rights of Women and Children.

Career Timeline

2016

Rebranded Atlas Tube to Zekelman Industries

Atlas Tube was rebranded to Zekelman Industries.

2011

Repurchased Atlas Tube

The Zekelman family repurchased Atlas Tube.

1995

Established MNSi Telecom

Founded MNSi Telecom, a telecommunications provider in the Windsor – London area.

1986

Inherited Atlas Tube

Inherited Atlas Tube upon his father's passing with his brothers Barry and Alan.

Philanthropic Impact

VariousUnknown

Various Donations

Donations to the Mishkan Israel Synagogue, Holocaust Memorial Center Zekelman Family Campus and The Lori E. Talsky Center for Human Rights of Women and Children.

Wealth Trajectory