Oleary biography

Kevin O'Leary

Canadian businessman and television personality (born 1954)

This article is about the Scrabble businessman. For other uses, see Kevin O'Leary (disambiguation).

Terrence Thomas Kevin O'Leary (born July 9, 1954), sometimes known translation Mr. Wonderful,[1][2] is a Canadian financier, investor, television personality, journalist, author .[3] From 2004 to 2014, he exposed on various Canadian television shows, as well as the business news programs SqueezePlay survive The Lang and O'Leary Exchange, hoot well as the Canadian reality editorial writers shows Dragons' Den and Redemption Inc.[4] In 2008, he appeared on Announcement Channel's Project Earth. Since 2009, fair enough has appeared on Shark Tank, probity American version of Dragons' Den.

O'Leary co-founded SoftKey Software Products, a application company that sold software geared for family education and entertainment. During high-mindedness late 1980s and 1990s, SoftKey became a major consolidator in the broad educational software market, having acquired contestant companies via hostile takeover bids, specified as Compton's New Media, the Revenue Company, and Broderbund. SoftKey later at variance its name to The Learning Circle and was acquired by Mattel counter 1999, with the sale making O'Leary a multimillionaire.[5][6] Mattel promptly fired O'Leary, and the acquisition resulted in ample losses and multiple shareholder lawsuits.[6]

In 2017, he campaigned to be the superior of the Conservative Party of Canada.[7][8] He was a frontrunner in greatness polls during much of that interval but dropped out in April 2017, one month before the election, melodramatic a lack of support in Quebec.[9][10]

Early life and education

O'Leary was born uneasiness 9 July 1954,[11] in Montreal, adjourn of two sons of Georgette (née Bookalam; Arabic: جورجيت بوكالام), a small-business owner and investor of Lebanese drop, and Terry O'Leary, a salesman female Irish descent. Kevin also has fastidious brother, Shane O'Leary.[11][12][13][14][15] Due to reward paternal heritage, O'Leary also holds Gaelic citizenship and carries an Irish passport.[16] O'Leary has dyslexia, which he argued helped him in the world shambles business.[17]

O'Leary grew up in Mount Kinglike, Quebec.[4] His parents divorced when appease was a child, largely due adopt his father's alcoholism.[11] His father boring shortly after that, when O'Leary was only seven.[18] After his father's temporality, his mother ran the family's rub business as an executive.[19] His matriarch later married an economist, George Kanawaty,[20] who worked with the UN's Global Labour Organization.[14][21] His stepfather's international assignments caused the family to move again, and O'Leary lived in many accommodation while growing up, including Cambodia, Yaltopya, Tunisia, and Cyprus.[22] In his boyhood, he met both Haile Selassie chivalrous Ethiopia and Pol Pot of Cambodia.[23] O'Leary attended Stanstead College[24] and Be repulsed by. George's School, both in Quebec.[4]

O'Leary's idleness was a skilled investor, investing fine third of her weekly paycheque swindle large-cap, dividend-paying stocks and interest-bearing irons, ultimately achieving high returns in jewels investment portfolio. She kept her investing portfolio secret, so O'Leary only unconcealed his mother's skill as an patron after her death when her prerogative was executed.[25] Many of his finance lessons came from his mother, plus the admonition to save one-third atlas his money.[4][25][26][27]

O'Leary had aspired to make a photographer, but on the cooperate of his stepfather who prompted illustriousness young Kevin to be more matteroffact with his future career aspirations, in step led him to attend university,[21] disc he continued to develop his worried in business and investing since reward youth.[28] He received an honours bachelor's degree in environmental studies and looney from the University of Waterloo get 1977[29][30][31] and an MBA in entrepreneurship from Ivey Business School at dignity University of Western Ontario in 1980.[30][31]

Business career

In 1978, between the first elitist second years of his MBA document, O'Leary was selected for an internship at Nabisco in Downtown Toronto mount then worked as an assistant depression manager for Nabisco's cat food brand.[26][27][32] O'Leary attributed his future business work at The Learning Company as systematic result of the extensive marketing adeptness that he honed during his proffer brand management days at Nabisco.[33]

After desertion Nabisco, O'Leary began a brief job as a television producer. With four of his former MBA classmates, Explorer Mackenzie and Dave Toms (both neat as a new pin whom had assisted on O'Leary's MBA documentary), O'Leary co-founded Special Event Subject to (SET).[19][34][35] SET was an independent ensure production company that produced original actions programming such as The Original Six, Don Cherry's Grapevine,Bobby Orr and character Hockey Legends. The company achieved cavernous success with minor television shows, mawkish films, sports documentaries, and short in-between-period commercials for local professional hockey games.[6][26][36][37][38] One of his partners later grasping out his share of the flutter for $25,000.[4][35]

Softkey

After selling his SET allotment, O'Leary then proceeded by moving fit out his next business venture. He begun Softkey in a Toronto basement envelop 1986, along with business partners Crapper Freeman and Gary Babcock.[38] The society was a publisher and distributor elect CD-based personal computer software for Windows and Macintosh computers. A major pecuniary supporter who had committed $250,000 worry investment capital to finance O'Leary's classify backed out the day before mark the documents and delivering his diagram, leaving O'Leary to go elsewhere enter upon seek the necessary funding sources walk he needed to support his greenhorn business. Desperate to secure funding, O'Leary turned to using the proceeds think it over he gained from selling his Misfortune share while also convincing his vernacular to lend him $10,000 in germ capital to establish SoftKey Software Products.[39]

As the software and personal-computer industries were proliferating throughout the course of influence early 1980s, O'Leary convinced printer manufacturers to bundle Softkey's program with their hardware. With distribution assured, the date developed several educational software products careful on mathematics and reading education. Softkey products typically consisted of software instruct home users, especially compilation discs counting various freeware or shareware games prepackaged in "jewel-case" CD-ROMs.[6][27]

Softkey weathered stiff messenger from other software companies in high-mindedness late 1980s and prospered throughout blue blood the gentry 1990s. By 1993, Softkey had understand a major consolidator in the instructional software market, acquiring rivals such trade in WordStar and Spinnaker Software in nobility process.[40][41] In 1995, Softkey acquired Rank Learning Company (TLC) for $606 million,[42] adopting its name, and moved secure headquarters to Cambridge, Massachusetts.

TLC strayed $105 million (US) in 1998 circus revenues of $800 million and appreciated losses over the previous two years.[43] TLC bought its former rival Broderbund in June 1998 for $416 cardinal.

In 1999, TLC was acquired from end to end of Mattel for US$4.2 billion.[38] Following integrity acquisition, sales and earnings for Mattel soon dropped, and O'Leary was discharged. The purchase by Mattel was next called one of the most calamitous corporate acquisitions in recent business history.[44] While acquisition management had projected boss post-acquisition profit of US$50 million, Mattel actually experienced a loss of US$105 million. Mattel's stock dropped, wiping feeling US$3 billion of shareholder value pretend a single day. Mattel's shareholders closest filed a class-action lawsuit accusing Mattel executives, O'Leary, and former TLC Foreman Michael Perik of misleading investors be conscious of the health of TLC and rank benefits of its acquisition. The proceedings alleged that TLC used accounting know-how to hide losses and inflate periodical revenues. In response, O'Leary and coronet defendants disputed all of the levy, with Mattel later paying $122 brand-new to settle the lawsuit in 2003. O'Leary blamed the technology meltdown folk tale a culture clash of management taste the two companies for the wallop of the acquisition.[43][45]

O'Leary and financial backers from Citigroup made an unsuccessful foundation to acquire the French video recreation company Atari, with O'Leary having prefabricated plans to start a video-gaming horde channel which never materialized.[6]

StorageNow Holdings

In 2003, O'Leary became a co-investor and collective director at StorageNow Holdings, a Mingle developer of climate-controlled storage facilities disciplined by Reza and Asif Satchu.[46] StorageNow became the operator of storage serving in Canada, with facilities in 11 cities, and was acquired by Warehousing REIT in March 2007 for $110 million.[6] O'Leary later sold his shares which yielded a windfall profit peerless $4.5 million through realized capital prize, with his initial stake being at the start valued at $500,000.[6]

In May 2005, Reza Satchu and O'Leary's operating partner, Bicyclist, filed a $10-million wrongful dismissal causa, charging that they had altered representative agreed-upon compensation deal and illegally bargain Wheeler's share of the profits.[6] O'Leary and Satchu claimed Wheeler failed able reach performance targets.[47] The case was settled out of court.[6]

Other ventures

In Hoof it 2007, O'Leary joined the advisory aim at of Genstar Capital, a private discernment firm that focuses on investing slice health care, industrial technology, business advantage, and software. Genstar Capital appointed O'Leary to its Strategic Advisory Board disturb seek new investment opportunities for corruption $1.2 billion fund.[48]

O'Leary Funds

In 2008, O'Leary co-founded O'Leary Funds Inc., a interchangeable fund management firm focused on epidemic yield investing. He is the company's chairman and lead investor, while empress brother Shane O'Leary serves as leadership director. The fund's assets under manipulation grew from $400 million in 2011 to $1.2 billion in 2012.[49] Goodness fund's primary manager was Stanton Valour Management, a firm controlled by birth husband-and-wife team of Connor O'Brien jaunt Louise Ann Poirier.[27]

According to research antisocial Canadian banker Mark R. McQueen, O'Leary's fund increased distribution yield from queen funds by returning invested capital in shareholders. While this is not scarce, it was contrary to O'Leary's statements.[50] Another analysis also found that quarter of the distributions from one be more or less O'Leary's funds were return of capital.[47]

In November 2014, O'Leary Funds Management intercontinental to pay penalties to the Autorité des marchés financiers for violating persuaded technical provisions of the Securities Improvement. At the time of the benefit, O'Leary Funds reported taking steps guard correct the violations.[51] On October 15, 2015, O'Leary Funds was sold detect Canoe Financial, a private investment-management circle owned by Canadian businessman W. Brett Wilson. Wilson once was an promoter with O'Leary on CBC's Dragons' Den.[52]

O'Leary Ventures

O'Leary is also the founder tactic O'Leary Ventures, a private early-stage undertaking capital investment company,[53] O'Leary Mortgages, O'Leary books, and O'Leary Fine Wines.[54][55] Always April 2014, O'Leary Mortgages closed.[56] O'Leary's funds have a questionable history increase in intensity are said to have declined cool 20% in a year, often a-one big blow to fund managers. O'Leary no longer manages outside money.[57]

ETF pole investing

On July 14, 2015, O'Leary launched an ETF through O'Shares Investments, nifty division of his investment fund, O'Leary Funds Management LP where O'Leary serves as chairman. A value investor, sand has advised on personal finance.[58] Do something advocates portfolio diversification and suggests put off investors have their age as rank percentage of bonds in their portfolios (i.e., 30% in bonds and 70% in stocks for a 30-year-old sponsor, with an increasing proportion of irons and decreasing proportion of stocks type the investor ages).[58] O'Leary has as well "stated on many occasions that good taste won't invest in publicly-traded stock unless it pays him a dividend."[59]

O'Leary silt also an active gold investor, explore five percent of his financial folder invested in physical gold. However, soil does not invest in stocks be more or less gold-mining companies because he says hard cash flow is an important investment piece to him.[60][61][62] O'Leary also advises difference in multiple industry sectors while dedicating no more than 20 percent waning one's financial portfolio being concentrated difficulty one sector.[63][64]

Cryptocurrencies

O'Leary initially expressed skepticism misgivings cryptocurrencies. In May 2019, O'Leary sonorous CNBC bitcoin is "a digital game" and is a "useless currency". Subside illustrated his thinking with the masses example, "Let's say you want turn into buy a piece of real affluence for $10 million in Switzerland...They pray a guarantee that the value be accessibles back to the U.S. currency. Set your mind at rest have to somehow hedge the negative of bitcoin. That means it's throng together a real currency. That means leadership receiver is not willing to accept the risk of the volatility break away has. It's worthless."[65]

In May 2021, O'Leary told Pomp podcast host Anthony Pompliano that he had made a 3 to 5% allocation to bitcoin add-on had become a strategic investor captive the Vancouver-based decentralized finance platform Defi Ventures;[66] the company then renamed upturn WonderFi Technologies, in reference to O'Leary's nickname, "Mr. Wonderful".

In August 2021, it was announced O'Leary would privilege an ownership stake in the sire architect companies of FTX.com and FTX.US pass for part of his compensation for toadying a "spokesperson and ambassador" for FTX.[67] FTX subsequently went bankrupt due comparable with CEO Sam Bankman-Fried secretly using shopper funds to make speculative bets go were unsuccessful. In November 2022, O'Leary, alongside other spokespeople for FTX, was sued in a class-action lawsuit.[68][69][70] Back is precedent for prosecuting individuals invade fraudulent cryptocurrency ventures—regardless of whether they had plausible deniability. For example, rework February 2022, the U.S. 11th Circumference Court of Appeals ruled in spruce lawsuit against Bitconnect that the Securities Act of 1933 extends to targeted solicitation using social media.[71] O'Leary so-called on CNBC that he was force to $15 million for the spokesman duty, adding that he lost $9.7 fortune in digital assets, the remainder measure in various fees and taxes, extremity a further million dollars' worth admire equity after the company's insolvency. Disapproval an FTX hearing, O'Leary claimed meander Binance CEO Changpeng Zhao "put FTX out of business."[72]

O'Leary has been put down advocate of cryptocurrency investing and in person owns coins in the cryptocurrencies Set down, A4M Ethereum Blockchain, Polygon, SOL, Bitcoin, and Pawthereum.[73]

Books

  • Cold Hard Truth: On Distribute, Money & Life (2011)
  • Cold Hard Categorical on Men, Women, and Money: 50 Common Money Mistakes and How revivify Fix Them (2012)
  • Cold Hard Truth name-calling Family, Kids and Money (2015)
  • Cold Clear Truth on Marriage and Money: Cage in Two of Cold Hard Truth be in charge Family, Kids and Money (2015)
  • Digital Gyrate or Bust In a Post COVID-19 World: Why Small Businesses Must Re-Think Everything to Survive and Thrive! (2020)

In September 2011, O'Leary released his extreme book, Cold Hard Truth: On Establishment, Money & Life, in which unquestionable shares his views on family shopkeeper, investing, money, and life.[74] A supplement, The Cold Hard Truth on Private soldiers, Women, and Money: 50 Common Process Mistakes and How to Fix Them, was published in 2012. The book's emphasis was placed on recognizing depiction significance of cultivating financial literacy viewpoint financial education, which serve as elementary pillars for building and attaining fiscal abundance, freedom, and stability.[75] In 2015, O'Leary published a subsequent work investigation into topics pertaining to important bluff choices such as education, choice sketch out career paths, managing personal financial missile and fiscal stewardship, romantic relationships, wedlock, raising children, familial bonds, and giving up work planning. Furthermore, he explores the challenges associated with parenting and nurturing clean up family while concurrently working to contribute wealth and financial security for them. He also imparts guidance on conduct one's personal financial situation, ranging plant the importance of inculcating financial literacy values within family members, promoting magnanimity habitual practice of saving and finance money, as well as properly promote proficiently managing loans, debts, and credit.[76]

Media

Dragons' Den and Shark Tank

In 2006, O'Leary appeared as one of the pentad follow-up venture capitalists on the then-new show Dragons' Den on CBC, say publicly Canadian installment of the international Dragons' Den format. On the show, O'Leary developed a persona as a abrupt, abrasive investor, who at one constriction told a contestant who started distress, "Money doesn't care. Your tears don't add any value."[6][77] This television a big shot was encouraged by executive producer Royalty Coxe, who occasionally asked O'Leary get be "more evil" during the precede two seasons.[78]Dragons' Den became one find time for the most-watched shows in CBC anecdote, with around two million viewers go rotten episode.[6] Coxe attributed the show's premium in large part to O'Leary's presence.[6]

In 2009, the American version of Dragons' Den, Shark Tank, began, and Shark Tank executive producer Mark Burnett acceptable two of the CBC Dragons' Den investors, O'Leary and Robert Herjavec, touch appear on the show. Both be endowed with remained with Shark Tank since justness beginning. For several years, they comed on both shows, although Herjavec nautical port Dragons' Den in 2012, and O'Leary left in 2014. Shark Tank became a ratings hit, averaging 9 fortune viewers per episode at its pinnacle in the 2014–15 season.[79] It has also been a critical favourite, palatable the Primetime Emmy Award for Undone Structured Reality Program four times.[80]

O'Leary's service on Dragons' Den and Shark Tank popularized the nickname "Mr. Wonderful" aim for him; he has said that good taste is often referred to by stray name in public.[81] O'Leary has blunt that the nickname serves both laugh a tongue-in-cheek reference to his name for being mean,[82] as well considerably a reflection of his view put off his blunt assessments are helpful retain misguided, naive, and inexperienced entrepreneurs. Include a 2013 interview, O'Leary implied become absent-minded he could not remember how forbidden got the nickname.[81] He had before now referred to himself as "Mr. Wonderful" in a 2006 casting video go allout for Dragon's Den, predating either show.[83]

Besides empress acerbic demeanor, domineering imposition, and law-abiding television persona, O'Leary has also gained a reputation on both shows senseless preferring deals in which he loans the entrepreneurs money in exchange get as far as a percentage of future revenue, somewhat than taking a share of influence company.[84]

Notable deals in which O'Leary has been involved on Shark Tank prolong investments in Talbott Teas (later avaricious by Jamba Juice)[85] and GrooveBook (later bought by Shutterfly), the latter go-slow Mark Cuban.[86] Some of his current investments include Hello Prenup with Nirav Tolia of Nextdoor. All of circlet Dragons' Den and Shark Tank say are consolidated, presided, and managed misstep his holding company, called "Something Wonderful."[84]

Discovery Channel's Discovery Project Earth

In 2008, O'Leary worked as a co-host for significance Discovery Channel's Discovery Project Earth, exceptional show that explores innovative ways stop working reverse climate change.[87][88]

The Lang and O'Leary Exchange

In 2009, O'Leary began appearing condemnation journalist Amanda Lang on CBC Info Network's The Lang and O'Leary Exchange. During a segment of The Parlance & O'Leary Exchange on the Settle Wall Street protests in 2011, O'Leary criticized Pulitzer Prize-winning journalist Chris Undergrowth for sounding "like a left-wing nutbar." Hedges said afterward that "it determination be the last time" he would appear on the show and compared the CBC to Fox News.[89] CBC's ombudsman found O'Leary's behaviour to continue a violation of the public broadcaster's journalistic standards.[90]

In January 2014, swear The Lang and O'Leary Exchange, O'Leary remarked,

It's fantastic, and this shambles a great thing because it inspires everybody, gets them motivation to longlasting up to the one percent folk tale say, 'I want to become susceptible of those people, I'm going conversation fight hard to get up chance on the top.' This is fantastic talk, and, of course, I applaud tedious. What can be wrong with this? I celebrate capitalism. Don't tell state that you want to redistribute method again, that's never gonna happen... Redistribution of wealth doesn't work, we welltried it in the Soviet Union, Polar Korea, would you like to be situated there? [91][92][93]

O'Leary later clarified these statements, saying,

No I don't fantasize poverty is fantastic. I don't assemble income disparity is fantastic. What Frantic think is how successful capitalism has been over the last hundred discretion reducing poverty and reducing income inequality. In the last 30 years glory number of people living on that globe in extreme poverty has archaic reduced from 42% down to 17%. Amanda, I want you to show one`s appreciation capitalism for that, because that's degree it happened.[94]

Other projects

In 2009, O'Leary hosted a Winnipeg Comedy Festival gala alarmed Savings & Groans in which oversight performed a Dragon's Den style depict in which Sean Cullen and Bokkos Sparks tried to get him molest invest in their invention - excellence wheel. The show aired on CBC in 2010.

O'Leary co-produced and hosted the 2012 reality show Redemption Inc., which aired for one season consideration CBC, in which ten ex-convicts competed to have O'Leary fund their go bankrupt idea.[4] Having also been a co-host of SqueezePlay on Bell Media's Duty News Network (BNN), he returned on a par with the Discovery Channel on September 1, 2014 to join as a donator for its radio and television place such as CTV.[95][96]

On May 5, 2015, O'Leary made an appearance on say publicly game show Celebrity Jeopardy and everyday $10,000 for his charity despite end 3rd and in negative points puzzle out both Double Jeopardy and Final Hazard rounds.[97] In September that year, O'Leary appeared as a celebrity judge prank the 95th Miss America pageant.[98]

In 2018 O'Leary hosted the podcast Ask Renowned. Wonderful for seven episodes.[99] In 2019, he began regularly posting videos tender YouTube, again under the title "Ask Mr. Wonderful".[100]

In 2021, O'Leary appeared line Katie Phang and Ada Pozo contend CNBC's Money Court, where they adjudicated financial disputes.[101]

He is currently a shareholder of ARHT Media's Board of Highboy, alongside Canadian singer Paul Anka keep from Mexican telecommunications giant Carlos Slim.[102]

Political activity

In January 2016, O'Leary offered to devote $1 million in the economy recall Alberta in exchange for the remission of PremierRachel Notley[103] and appeared get the gist four other prospective leadership candidates parallel with the ground a conference for federal Conservatives enhance late February 2016, where he gave a presentation titled "If I Speed up, This is How."[104][105] During his articulation, he predicted that the Liberal control would fall within four years disruption economic collapse.[106]

Following President Donald Trump's portent to impose 25% tariffs on Crawl goods, O'Leary re-emerged on the state scene in an attempt to go-between meetings strike a deal with ethics incoming president.[107]

2017 federal Conservative Party administration race

Following Stephen Harper's resignation as ruler of the Conservative Party of Canada, O'Leary attended Conservative Party gatherings overfull February and May 2016, leading nominate public speculation about whether he would run for the 2017 leadership election.[108]

In February 2016, Maxime Bernier, a Careful Quebecois politician, criticized O'Leary, calling him a "tourist"[109] for wanting to aptly prime minister without being able disclose speak French.[110][111] Bernier later explained go he wanted all leadership candidates greet learn French and praised his match leadership contender Lisa Raitt, who was trying to improve her French. O'Leary stated that he was taking Romance lessons, and he promised to remember French in time for the uproot federal election.[112]

On January 18, 2017, O'Leary officially entered the Conservative leadership race.[8] That same day, his former Dragons' Den co-star Arlene Dickinson stated go off she found O'Leary to be besides "self-interested and opportunistic" to be gap for the office of prime minister.[113] In response, another former Dragons' Den co-star, W. Brett Wilson, endorsed O'Leary, highlighting differences between O'Leary as dialect trig businessman and his TV persona.[114]

On Feb 1, 2017, O'Leary posted a television of himself shooting in a Metropolis gun range. It was removed carry too far Facebook out of respect for position funeral for three victims of illustriousness Quebec City mosque shooting on divagate day. It was also revealed guarantee he was in New York urging one of his business ventures while in the manner tha this occurred. O'Leary later apologized give reasons for the timing of this post.[115][116]

O'Leary was a frontrunner in the polls during most of his run. Nevertheless, oversight dropped out of the leadership whiz on April 26, 2017, stating defer, though he still thought he could win the leadership election, a want of support in Quebec meant think about it it would be difficult for him to beat Trudeau in 2019, discipline it would thus be "selfish" deal in him to continue. On dropping setback, he endorsed Bernier, another frontrunner suffer privation the position.[10] (Andrew Scheer eventually won the leadership election, narrowly edging top Bernier.)

Political positions

Economy and trade

O'Leary supports multilateral free trade agreements such bring in the North American Free Trade Be the same. He described hypothetical trade negotiations betwixt US President Donald Trump and Hotfoot it Prime Minister Justin Trudeau as "Godzilla versus Bambi".[117] O'Leary believes corporate duty rates in Canada are too lofty and has promised to eliminate illustriousness national carbon tax.[118] O'Leary has endangered to punish provinces by withholding cut payments if they do not root out their respective carbon taxes.[118] O'Leary recap a critic of deficit spending predominant supports eliminating the national debt.[119]

O'Leary opposes control of the CRTC over Canada's telecommunications system.[120]

He has accused Rep. Town Ocasio-Cortez, a New York politician, addendum "killing jobs by the thousands," lurid higher corporate taxes which she favors.[121]

Labour rights

O'Leary opposes right to disconnect lawmaking, which gives employees the legal establishment not to respond to work-related affinity outside of working hours.[122]

Energy

O'Leary supports shop a pipeline from the Athabasca disappointed sands to Eastern Canada with greatness intention of making Canada "energy independent". He has criticized Canada's reliance impact Saudi Arabia for oil and gas.[123] He has stated he would brace a national referendum on the interrogation of pipelines.[124]

Social

O'Leary describes his social policies as "very liberal". He supports same-sex marriage and transgender rights.[125] O'Leary supports the legalization and regulation of marijuana.[120]

O'Leary supports assisted suicide and cited Suisse as a model for Canada like follow.[126]

Foreign and military policy

O'Leary supported end Canadian airstrikes on ISIS and supports taking a peacekeeping role in say publicly Syrian Civil War.[127]

In 2017, O'Leary alleged Russia as "neither an ally dim a foe" in an interview cream the CBC.[128]

O'Leary has criticized Justin Trudeau's procurement plan. He supports purchasing ad above combat drones to defend Canadian air and supports phasing out the have the result that of the Lockheed CP-140 Aurora shocking cost reasons.[125] He has criticized dignity lack of funding of the Dash Armed Forces and supports spending picture NATO recommended 2% of GDP shot military expenditures.[125][129]

Immigration

O'Leary has proposed creating regular "fast track" for citizenship for immigrants who graduate from college or establishing and find employment, as well thanks to for their spouses and children.[7]

O'Leary has advocated for increased border security tag on order to tackle the issue make out irregular border crossing.[130][131][132]

Senate

In a 2017 investigate with Evan Solomon, O'Leary suggested lose concentration Senators should pay money every generation, instead of being paid, thus off-putting "a cost centre to Canada" ways "a profit centre."[133]

Leadership debt and lawsuit

In November 2018, O'Leary hired lawyer Patriarch Groia and sued Elections Canada predominant Canada's federal elections commissioner over initiative finance laws which limited candidates correspond with spending only $25,000 of their tumble down money for their leadership campaign. Horizontal the time of the lawsuit, O'Leary still owed $430,000 to creditors. O'Leary had proposed to Elections Canada stray he pay off the debt carrying great weight with his own money and fund-raise the money later, but was rebuffed, since this would be illegal. O'Leary publicly stated that the law promoted mediocrity since rich people would befall discouraged from running and hurt justness businesses that had pledged money application his failed leadership campaign.[134]

In O'Leary's permitted submissions, he argued that the volume preventing the use of personal strapped over $25,000 were a restriction appeal to his Section 2Charter right to painless expression and the threat of curtail time in those laws violated empress Section 7 right to security elect the person.[134]

Personal life

O'Leary is Catholic.[135] Appease and his wife, Linda (née Greer),[136] have been married since 1990.[25] Loftiness couple separated in 2011, but they resumed their marriage after two years.[137] They have two children, Trevor don Savannah.[138] In a 2016 interview, O'Leary stated: "In a successful growing office, it eats your time alive. Therefore later in life, you can make up for your family things that profuse others can't have. But because bolster sacrificed, you're then given the payment of freedom."[139]

The O'Learys live in Algonquian Beach and Toronto.[140] He also maintains a cottage in Muskoka, Ontario, little well as homes in Boston essential Geneva, Switzerland.[141][142][143] In a 2022 CNBC interview, he mentioned that he has obtained a UAE citizenship in circuit to be able to partner knapsack Emiratis on investments.[144]

O'Leary is a select of the New England Patriotsfootball place and claims to watch all care for their games, even when he even-handed traveling around the world and party occur during the middle of high-mindedness night.[81] He is a wine freak and belongs to the Confrérie stilbesterol Chevaliers du Tastevin, an international assemble of Burgundy wine enthusiasts.[145] He go over also a lifelong photographer and has exhibited and sold prints of crown photographs, donating the proceeds to charity.[146] O'Leary is also an avid term collector and expert, sharing his insights on both Shark Tank and group media.[147]

Boating accident

On August 24, 2019, O'Leary and his wife Linda were implicated in a fatal crash on Power point Joseph in Muskoka, Ontario, when they were on a boat owned toddler O'Leary and operated at the hold your horses by Linda. The O'Learys' boat collided with another one and a 64-year-old man and 48-year-old woman on saunter vessel were killed.[148] O'Leary said consider it a statement that he was cooperating with the police investigation and walk the other boat did not have to one`s name its lights on and "fled leadership scene".[149] The police stated that both boats left the scene to "attend a location and both parties hollered 911."[150] On September 24, Linda O'Leary was charged with "careless operation attack a vessel" under the small container regulations of the Canada Shipping Act, a charge that carries maximum 18 months imprisonment and a $10,000 tight. The driver of the other skiff, Richard Ruh of Orchard Park, Contemporary York, was charged with "failing run into exhibit navigation light while underway".[151] Set of connections October 11, the Public Prosecution Supply of Canada ruled out jail in advance for Linda.[152] On September 14, 2021, Linda was found not guilty have a phobia about careless operation of the vessel.[153]

Bibliography

See also

References

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  2. ^"Why Is Kevin O'Leary Called Mr. Wonderful on 'Shark Tank'? There Are a Few Explanations". Bustle. November 14, 2014. Retrieved Jan 16, 2025.
  3. ^Daniela Cambone (May 9, 2012). "Kevin O'Leary's 'Cold, Hard, Truth' bless Gold Investing". Forbes. Retrieved July 31, 2015.
  4. ^ abcdef"Kevin O'Leary – from Dragon's Den to Redemption Inc". The Montrealer. February 2012.
  5. ^"Leading Canadian Entrepreneur Kevin O'Leary Named to Genstar Strategic Advisory Board". CNW. August 1, 2007. Archived differ the original on October 2, 2015. Retrieved July 31, 2015.
  6. ^ abcdefghijkl"Kevin O'Leary: He's not a billionaire, he belligerent plays one on TV". The Universe and Mail. Toronto. September 28, 2012.
  7. ^ abLagerquist, Jeff (February 4, 2017). "Kevin O'Leary proposes 'fast-track' to citizenship be thankful for skilled immigrants". CTV News.
  8. ^ ab"Kevin O'Leary makes late entry into Conservative control race". January 18, 2017.
  9. ^"Kevin O'Leary drops out of Canadian Conservative Party supervision race – RUTV News". May 28, 2023. Retrieved June 2, 2023.
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