Companies

Cineplex Net Worth

Published

2 days ago

April 18, 2024

Daniel Wanburg

Cineplex Galaxy Income Fund and Galaxy Entertainment Inc.'s Net Worth as of 2024
$1 Billion

Cineplex Inc. – formerly named Cineplex Galaxy Income Fund and Galaxy Entertainment Inc. – is an entertainment company based in Toronto, Ontario, Canada, best known for their premium cinema features.

So just how much is Cineplex company worth as of early 2018? According to authoritative sources, this company I valued at over $1 billion, accumulated from its over two decades long business span.

Cineplex Net Worth $1 Billion

Cineplex was founded by Ellis Jacob and Stephen Brown in 1999, with its headquarters in Toronto, Canada. Some of its first investors were Onex Corporation and Famous Players. During its early years, Cineplex was mostly focused on smaller markets. As the years went on, the company began expanding, and in 2005 it announced an acquisition from Famous Players from Viacom, worth $500 million. In mid-2012, the group bought four of AMC’s Canadian theaters, and later that year it opened its first VIP cinema, located outside of Ontario. In the following year, the group announced that they would focus more on the real estate and retail operations, and in that direction Cineplex went on to buy 24 Empire Theatres in Atlantic Canada.

Cineplex uses banners such as Cineplex VIP Cinemas, SilverCity, Famous Players, Galaxy and Scotiabank Theatre, among others. Their cinemas have some of the most advanced technologies such as over 200 premium screens, 109 large screens and more than 40 D-Box Screens. In addition, they are widely known being the creators of the UltraAVX, that includes reserved seating, wall to wall screens, large rocker seats and the sound effects of Cineplex cinemas feature Dolby Atmos system.

The group is also recognized for introducing various reality technologies such as 4DX, which was launched in late 2016 at Cineplex Cinemas Yonge-Dundas with the movie ‘’Doctor Strange’’. Some of Cineplex’s cinemas include entertainment centers and restaurants such as Burger King, KFC and New York Fries. The mentioned entertainment centers are known as Xscape Entertainment Centre, and its facilities are usually included in its new locations, or are refurbished into already existing locations.

As of late 2017, there were 28 such locations. Xscape features plenty of possibilities for playing traditional and redemption games too, while some locations additionally include party and lounge rooms. The rest of the locations have Cinescape arcade, which have replaced TechTown.

As of early 2015, the group made an announcement about their chain of entertainment restaurants named The Rec Room, subsequently featuring bar and restaurant areas, simulators and areas made for recreational games. Ellis Jacob, the founder and CEO of the company stated that the mentioned chain is supposed to help their cinemas expand beyond their core business. The Rec Room was first included in South Edmonton Common in the following year, and subsequently at Toronto’s Roundhouse Park in mid-2017. Cineplex plans on opening 10-15 such locations, which would have various sizes, anywhere from 30,000 to 60,0000 square feet.

All the innovations and improvements have had their part in increasing the value of Cineplex, so in conclusion, thanks to the dedication of its CEOs, Cineplex is continuously growing and expanding, and as of today is one of the most advanced companies in its branch of business.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Companies

BlackBerry Expected to get $500 Million Tax Refund

Published

2 days ago

April 18, 2024

Daniel Wanburg

BlackBerry is poised to get a huge tax break. Within the 2nd quarter of FY 2014, BlackBerry posted a tax reduction of $965 million, chiefly in the foundation of inventory writedown. But, various other facets of the finances are going to look when some regulatory filings become public. Some of those variables include the prices with remodeling the whole smartphone lineup, laying-off 4, 500 workers and revamping sales and marketing. The business is in the middle of restructuring and is seeking a customer, as revenue of the BlackBerry Z10 touchscreen mobile are lower than expected. It seems, though, that BlackBerry might ultimately be coming out after once having become the darling of the PDA market.

Companies

Net Worth Of The World’s Richest Families

Published

2 days ago

April 18, 2024

Daniel Wanburg

The richest individuals around the world are constantly in the headlines, partly out of fascination for just how much they are worth – amounts unimaginable to the average person, regardless that 80% of ‘the richest’ are actually self-made billionaires. However, during this period of stock markets’ volatility in early 2016, they are just as newsworthy for how much they can lose, or gain, in one day, which can markedly effect their ranking on the ‘richest list’.

Not so well-known are families with accumulated net worth which puts them close to the aforementioned richest individuals, perhaps unsurprisingly if there are three, four or five relatively ‘super-rich’ relatives who pool their energies, business interests and their net worth. Many are indeed consistently linked in a family business or conglomerate, as can be seen in this list which authoritative sources estimate comprise the richest in the world, share markets allowing! Very few are built on ‘new’ money, but mostly the result of steady growth over, in some cases, hundreds of years.

Table of Contents

10. Cox family Net worth: $34.5 billion

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[/one_half][one_half_last]From: USA

James M. Cox was firstly a social reforming politician, being twice elected Governor of Ohio, but also built a considerable business empire in the media and communications industries beginning before the turn of the 20^th century, so now well over100 years old. Now under the control of James’ daughter Anne Cox Chambers and his grandchildren James Cox Kennedy – current chair of Cox Enterprises – and Blair Parry-Okeden who are all heirs to a considerable fortune, the company is now expanding its interests into the automotive industry.[/one_half_last]

9. Bernard Arnault & family Net worth: $37.7 billion

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[/one_half][one_half_last]From: France

World renowned names Moet Hennessy and Louis Vuitton (LVMH) are just two of the business interests of the Arnault family, which also has interests in retail, yachts and web companies as well as in Christian Dior, a prominent fashion brand. CEO and chairman is still Bernard, but Executive VP at LVMH is daughter Delphine, and CEO of Berluti, a subsidiary of LMVH, is his son Antoine. The company made initial inroads into business through real estate, but smart investing saw it reach its current prominent position in several industries.

Bernard Arnault Net Worth

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8. Liliane Bettencourt & family Net worth: $42.7 billion

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[/one_half][one_half_last]From: France

The French are certainly still one of the fore-runners in the world of cosmetics and perfumes, as proven by their leading lengevity in the industry. The world-dominating cosmetic company L’Oreal is now run by Liliane Bettencourt’s daughter Francoise and grandson Jean-Victor Meyers, but she is still the richest woman in the world and principal shareholder of the company her father Eugene founded in 1907. She only retired from active involvement in 2011, aged 89.

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7. Cargill-MacMillan family Net worth: $45 billion

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[/one_half][one_half_last]From: USA

Cargil Inc. outranks Koch enterprises in being the largest private company in the USA, with and 88% of it still owned by family members, in fact currently boasting 14 billionaires. William Wallace Cargill founded the company based on grain storage in 1865, which was split among his four children when he died in 1909. The company’s interests now include trading commodities as well as food products. In-laws the MacMillans are billionaires, the total wealth of the expanded family being an estimate because of the privacy attendant to the conglomerate.[/one_half_last]

6. Carlos Slim Helú & family Net worth $77.1 billion

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[/one_half][one_half_last]From: Mexico

Son Carlos is now the chairman of Grupo Carso, and with three siblings is ready to take over completely the conglomerate built-up by the second richest person in the world. The ‘Warren Buffett of Mexico’, Carlos Slim Helú is so important to Mexico – accounting for 40% of the listings on the Mexican stock exchange – made from scratch largely from his development of telecoms, that there is a strong chance of the Mexican economy collapsing if the stock exchange took a real dive.

Carlos Slim Helu Net Worth

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5. Mars family Net worth: $80 billion

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[/one_half][one_half_last]From: USA

Mars Bars and M & Ms were developed more than 80 years ago, and are still going strong. Franklin Mars obviously knew his candy, and the money to be made out of it. As with other rich families, the family and the business are still private. Franklin founded the business in 1911, and son Forrest Sr. joined the company in 1929; children, Forrest Jr., Jacqueline and John continue to own the whole of Mars Inc., which now also makes pet foods as well as pasta sauces, and which means that they are now worth almost $30 billion each.

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4. Koch family Net worth: $89 billion

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[/one_half][one_half_last]From: USA

In the country with the world’s largest GDP, Koch Industries is now the second-largest privately-held company in the USA. Charles and David Koch had the nous to buy-out their two other brothers in the early 1980s, and now control the oil and refining company founded by their father Fred C. Koch in 1940. Subsidiary interests in finance, manufacturing, trading and real estate have ensured the continued growth of this multinational corporation, with the brothers net worth now approaching $50 billion each.

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3. Walton family Net worth: $152 billion

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[/one_half][one_half_last]From: USA

Jim, Rob, and Alice are direct heirs of Sam and James Walton, who had the foresight to establish Walmart in the southern USA in 1962. Christy is the widow of his son John who died in a ‘plane crash in 2005, and with her children the six Waltons control 54% of the shares of the world’s largest retailer. The company’s revenue regularly hits $500 billion, through 11,500 stores in 28 countries, so the present owners sum value is usually over $160 billion – share market machinations permitting!

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2. The House of Saud Net worth: $1.4 trillion

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[/one_half][one_half_last]From: Saudi Arabia

The al-Saud family have been in control of at least part of the Arabian peninsular since the early 1700s, and like the Rothschilds, their wealth is now distributed through so many family members that the total can only be estimated. Saudi Arabia is now run as an absolute monarchy, effectively established under the patronage of the British following the break-up of the Ottoman empire after World War One. Of course their main source of wealth is oil, the price of which has a very significant effect on the al-Saud family wealth, and the budget of the country! Salman bin Abdulaziz al Saud has been king since early 2015.

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1. Rothschild family $350 billion – $700 trillion

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[/one_half][one_half_last]From: Germany (originally)

The name itself is fascinating, but more so because the family is now so widespread, with all their wealth effectively ‘private’, so the total of their net worth is always open to conjecture. However, since Mayer Amschel Rothschild established his banking company in Frankfurt, now Germany, in the 1700s, and distributed his five sons to the five centres of European finance, the family has had a finger in virtually every pie – business, industry, enterprise, exploration, war – over the last 250 years. Their influence has been such that descendents have been elevated to royal rank in countries such as Austria and the UK. The family fortune is therefore only an estimate, but even at the lower end it is still extremely impressive!

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