Canadian billionaire, wife found dead

Cheryl Sanders
December 16, 2017

A Canadian billionaire and his wife have been found dead in the basement of their Toronto mansion.

Police told reporters they were investigating the deaths after finding the couple in their northeast Toronto home when responding to a medical call just before noon (1700 GMT).

According to Constable David Hopkinson, "The circumstances of their death appear suspicious and we are treating it that way".

"We've been informed of the tragic news that Barry and Honey Sherman have unexpectedly passed away", said the Twitter account of Apotex, which Sherman founded in 1974. He is estimated to be worth almost $5 billion and is believed to be the 15th richest person in Canada. The police confirmed there were no signs of any forced entry.

Prime Minister Justin Trudeau said he was "saddened by news of the sudden passing of Barry and Honey Sherman". "I have had the privilege of knowing them both well for many years". The home was up for sale this month with a price tag of almost $7 million. He stepped down as chief executive in 2012, but remained as executive chairman.

Toronto Mayor John Tory said in statement he was "shocked and heartbroken" to learn of the deaths, noting that the couple had made extensive contributions to the city.

Apotex says it is the largest Canadian-owned pharmaceutical firm, with annual sales of more than C$2 billion.

The couple was known for their philanthropy, giving tens of millions of dollars to hospitals, universities and Jewish organizations, CBC reported.

They were "remarkable people", said Bob Rae, former premier of Ontario province which includes Toronto.

Other reports by iNewsToday