Founder of pharmaceutical giant found dead (video)


The bodies of Canadian billionaire and philanthropist Barry Sherman, 75, and his wife, Honey, 70, were found Friday morning in their luxury Toronto mansion, hanging from a railing that surrounds a lap pool inside the home.

Authorities say their deaths are being investigated as a possible murder-suicide.

In 1974, Barry Sherman founded the generic-drug company Apotex, which went on to become the largest pharmaceutical company in Canada. His wealth is estimated at $4.77 billion Canadian (US $3.65 billion), making him the 15th-richest Canadian.

The couple’s home had recently been listed for sale for $6.9 million Canadian (US $5.4 million).

Sherman had reportedly donated millions to the United Jewish Appeal, and was an active fundraiser for Prime Minister Justin Trudeau’s Liberal Party.

Toronto Police inspector Bryan Bott stated that, “at this time, we are not searching for any suspects.”

Investigators are reportedly considering “that Mr. Sherman killed his wife, hung her body and then hanged himself at the pool’s edge,” according to a source.

Police reportedly received a phone call from the home regarding a “medical complaint,” and when they arrived, they discovered the couple dead.


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