N. Murray Edwards
| N. Murray Edwards | |
|---|---|
| 225px
Edwards in 2011
|
|
| Born | December 10, 1959 [1] Regina, Saskatchewan |
| Residence | Calgary, Alberta |
| Nationality | Canadian |
| Education | University of Saskatchewan University of Toronto |
| Net worth | US $ 2.2 billion (est.) (2011)[2] |
| Spouse(s) | Heather Bala Edwards, 1 son |
N. Murray Edwards (born December 10, 1959) is a Canadian oil sands financier and a co-owner of the Calgary Flames hockey team. With an estimated net worth of $US 2.2 billion (as of March 2011), Edwards was ranked by Forbes as the 14th wealthiest Canadian and 540th in the world.[3] Edwards launched major Canadian companies including launched Canadian stalwarts Canadian Natural Resources Ltd and Ensign Energy Services Inc.[4]
Contents
Background
Edwards studied at the University of Saskatchewan, graduating with a Bachelor of Commerce (honours), after which he obtained his law degree from the University of Toronto. He would later also receive an honorary Doctor of Laws degree from the University of Saskatchewan. In 2013, he received an honorary law degree from the University of Toronto.
Edwards is married to Heather Bala Edwards and they have one son.
Source of Edwards' Fortune
Edwards has more at stake in the Canadian oil sands than possibly any other individual. His company, Canadian Natural Resources, has sketched out plans to spend $25 billion to turn the bitumen-bearing sand found in northern Alberta into barrels of crude oil. This media shy lawyer-turned financier also owns big stakes in Ensign Energy, Canada's second biggest oil services company, and Penn West, one of Canada's biggest energy trusts. He owns Resorts of the Canadian Rockies, which owns Fernie Alpine Resort, Kimberley Alpine Resort, Nakiska, Stoneham Mountain Resort, Mont-Sainte-Anne, and Kicking Horse Resort. He owns shares of the Calgary Flames hockey team. He owns over 30% of a management and holding company, Jovian Capital Corp.[5] Edwards is Chairman of the Board of Magellan Aerospace Corporation and the majority holder of Magellan Aerospace, owning ~76% of Common Shares.
Penn West
Edwards was top shareholder and director of Penn West Petroleum Ltd.. He stepped down in 2005 when it became a trust.[4] In 1992 Edwards hired Bill Andrew to take over Penn West, which at that time, was only a "distressed micro-cap with a staff of six, producing 500 barrels a day." Since then Penn West became one of Canada's largest oil companies.[4]
Political influence
Edwards is linked to six corporations that have donated a total of $436,227 in campaign contributions to the B.C. Liberal Party since 2005, including $153,480 from oil company Canadian Natural Resources, which he chairs, as well as $131,390 from Imperial Metals, where he is the controlling shareholder and which owns the Mount Polley gold mine in British Columbia, amongst others.[6] In 2013 he helped organize a $1-million fundraiser in Calgary for B.C. Premier Christy Clark’s re-election bid.[6]
Edwards School of Business - University of Saskatchewan
Through a substantial contribution to the University of Saskatchewan in 2007, the College of Commerce was renamed the N. Murray Edwards School of Business.
See also
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 4.0 4.1 4.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b121726A
- ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
External links
<templatestyles src="Asbox/styles.css"></templatestyles>
 |
This biography about a Canadian businessperson is a stub. You can help Wikipedia by expanding it. |
