Peter munk children

Peter munk yacht

He was the founder and chief executive officer of a number of high-profile business ventures, including the hi-fi electronics company Clairtone , real estate company Trizec Properties , and Barrick Gold , formerly the world's largest gold-mining corporation. He is also well known for supporting the Munk Debates. Hungary was occupied by Nazi Germany in March , when Munk was aged 16; [ 3 ] along with 14 members of his family, he escaped on the Kastner train , which carried 1, Jews to safety in Switzerland.

The journey had been arranged by Rudolf Kastner of the Zionist Aid and Rescue Committee , as a result of secret negotiations with Adolf Eichmann —the high-ranking Nazi had allowed some Jews to leave in exchange for money, gold, and diamonds, part of a series of so-called "blood for goods" deals. She survived, but later died by suicide.

Munk arrived in Canada in , via Switzerland, initially on a student visa, then graduated from the University of Toronto , in , with a degree in electrical engineering.

Peter munk family

This is a country that does not ask about your origins; it only concerns itself with your destiny. Clairtone manufactured high-end console stereos, and later televisions, which were recognizable icons of their day. The most celebrated Clairtone designs were the striking "Project G" series, introduced in , composed of sleek rosewood cabinets with cantilevered black aluminum "sound globes" speakers.

Clairtone's downfall began with "an ill-advised plan to build a plant in Nova Scotia. He could sell anything to anyone, including himself. My, he was a promoter. My, he had energy. My, he had charm. My, he had imagination. Munk faced accusations of insider trading "that were eventually settled out of court. The welfare situation is such that it has created conditions similar to Appalachia in the United States where the third generation is already on relief.