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Isadore Sharp

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Isadore Sharp
Isadore Sharp, 1969
Born (1931-10-08) October 8, 1931 (age 93)
Toronto, Ontario, Canada
Occupation(s)Founder and Chairman,
Four Seasons Hotels and Resorts
SpouseRosalie Wise
ChildrenJordan Sharp
Gregory Sharp
Anthony Sharp
Christopher Sharp (deceased)
AwardsOrder of Canada
WebsiteCorporate biography

Isadore "Issy" Sharp, OC (born October 8, 1931) is a Canadian hotelier and philanthropist. He is founder and chairman of Four Seasons Hotels and Resorts.[1] He organized the Terry Fox Run.

Early life and education

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Sharp was born in Toronto, the son of Polish Jewish immigrants. His father, Max, a devout Torah scholar, was a Polish Jew who emigrated from Poland to Palestine in 1920[2][circular reference],[3][4] and finally to Toronto five years later. He worked as a plasterer until his family began to grow with the arrival of Issy and three daughters. His father's expertise was in home renovation and he often renovated homes and resold them for a profit as a real estate investor. During the summers, Sharp would obtain experience in the construction business by working for his father. He excelled in sports during his high school years. In 1952, he graduated with high marks from Ryerson Institute of Technology (now Toronto Metropolitan University) with a diploma in architectural technology.[5]

Career

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After graduating from Ryerson, Sharp went to work for his father's company full-time as an architect and real estate developer, building apartment buildings and houses. It was his work building a small 22-unit motel (Motel 27) on the outskirts of Toronto for family friend, Jack Gould, that was his introduction to the hospitality business.[6][7] He founded the Four Seasons Hotel in 1960[8] and opened the first hotel on Jarvis Street in downtown Toronto in 1961.[7]

On November 6, 2006, American business magnate Bill Gates, through his holding company Cascade Investments LLC, and Saudi businessman, Prince Al-Waleed bin Talal through his company Kingdom Holding Company made an offer to take Four Seasons Hotels private for US$3.4 billion (excluding debt).[9][10] Sharp would remain chairman and chief executive of the company. He also would be able to realize proceeds from a 1989 incentive plan that would pay him $288 million; the company's headquarters would remain in Toronto.

Philanthropy

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Sharp helped start and is the director of the Terry Fox Run. He first met Terry Fox when the latter arrived in Montreal in June 1980 during his trek across the country to raise money for cancer research. Sharp invited Fox to rest in one of the city's Four Seasons hotels for a week before resuming his run, helped pay for his cancer treatment, and later pledged to contribute to research funds on his behalf.[7]

Sharp and his wife are prominent Canadian philanthropists, having made significant donations to many sources including the Four Seasons Centre for the Performing Arts,[11] the Ontario College of Art and Design,[12] Mount Sinai Hospital,[13] and the Hebrew University of Jerusalem.[14]

The Sharps are spearheading a proposal to build a Jewish Museum of Canada in Toronto[15] and have pledged $20 million towards the project, towards a total fundraising goal of $150 million.[16] The museum is to feature three themed galleries with artifact and multimedia-based interactives and three immersive environments entitled: Jewish Experience, Jewish Life in Canada and The Neuberger Holocaust Education Centre.[17]

Personal life

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Sharp married his high school sweetheart, Rosalie Wise, who was also of Jewish descent.[18] They had four sons, Jordan, Gregory, Anthony, and Christopher. Christopher, the only one who evinced an interest in going into the family business,[19] died of melanoma in 1978. His death at least partly inspired Sharp to support Fox financially during his run. A Ty Beanie Baby named Issy was produced in 2001 in Christopher's memory.[20] All proceeds from American sales went to Memorial Sloan–Kettering Cancer Center in New York, while all Canadian proceeds went to the Terry Fox Foundation.

Sharp had a net worth of Can$540 million in 2009.[21] In 2009, Sharp summarized his experience and business philosophy in a book Four Seasons: The Story of a Business Philosophy, published by Viking Canada.[22] In 2011, a documentary about Sharp's life and achievements, The Four Seasons of Isadore Sharp, aired on City TV.

Directorships

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Honours

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  • In 2022, he was recognized by the International Hospitality Institute on the Global 100 in Hospitality list, featuring the 100 Most Powerful People in Global.[24]
  • In 2013 was awarded the Horatio Alger Award
  • In 2011 was awarded a Lifetime Achievement Award from the International Luxury Travel Mart
  • In 2010 was inducted into the Hall of Leaders by the US Travel Association
  • In 2009 was awarded an Honorary Doctor of Laws degree from York University
  • In 2009 was awarded a Lifetime Achievement Award from the International Hotel Investment Fund
  • In 2008 was named a Companion to the Order from the Canadian Business Hall of Fame (first inducted in 1998)
  • In 2008 was awarded the Visionary Awards from the Marketing Hall of Legends
  • In 2006 was awarded the Business Leader Award from the Ivey Alumni Association/Toronto
  • In 2005 was awarded the Outstanding Philanthropist Award from the Association of Fundraising Professionals Greater Toronto Chapter
  • In 2005 was awarded the Honorary Associate Award from The Conference Board of Canada
  • In 2005 was awarded a Lifetime Achievement Award from the American Lodging Investment Summit
  • In 2005 was named a Canadian Hotel Industry Icon by the Canadian Hotel Investment Conference
  • In 2003 was awarded a Lifetime Achievement Award from the Ontario Ernst & Young Entrepreneur of the Year Program
  • In 2003 was awarded an Honorary Doctor of Commerce degree from Ryerson University
  • In 1999 was awarded the International Distinguished Entrepreneur Award by I.H. Asper School of Business of the University of Manitoba
  • In 1999 was awarded the Distinguished Service Award in International Rehabilitation from the New York-based World Rehabilitation Fund
  • In 1998 was awarded the Alumni Award of Distinction from Ryerson University
  • In 1994 was awarded an Honorary Doctor of Laws degree by the University of Toronto
  • In 1993 was made an Officer of the Order of Canada
  • In 1992 was named CEO of the Year by the Financial Post Magazine
  • In 1992 was awarded an Honorary Doctor of Laws degree from the University of Guelph
  • In 1983 he was Ruth Hartman Frankel Humanitarian Award for his support of Terry Fox and the subsequent Terry Fox Run.

References

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  1. ^ "Isadore Sharp". Four Seasons Press Room. Archived from the original on 2020-09-16. Retrieved 2020-06-08.
  2. ^ History of Jews in Poland#Interbellum (1918–39)
  3. ^ "Jewish Immigration to Historical Palestine".
  4. ^ Metzer, Jacob (2008). "Jewish immigration to Palestine in the long 1920s: An exploratory examination". Journal of Israeli History. 27 (2): 221–251. doi:10.1080/13531040802284106. S2CID 159622305.
  5. ^ "How the Founder of Four Seasons Stumbled Into the Hotel Business", Fortune magazine, March 29, 2016
  6. ^ Four Seasons: The Story of a Business Philosophy
  7. ^ a b c Prasso, Sheridan (2009-05-06). "Four Seasons' recession-proof philosophy". CNN.
  8. ^ Gordon, Dave (October 10, 2016). "A man for all seasons - how Issy Sharp built his hotel chain". BBC News. Retrieved October 10, 2016.
  9. ^ "globeandmail.com: __Index Out of Bounds". Globeinvestor.com. Retrieved 2011-03-10.[permanent dead link‍]
  10. ^ Spain, William (2006-11-06). "Four Seasons gets $3.7 billion bid from CEO, Gates, Bin Talal". MarketWatch. Retrieved 2011-03-10.
  11. ^ "Arts". Toronto: globeandmail.com. Archived from the original on May 9, 2009. Retrieved 2011-03-10.
  12. ^ OCAD – About OCAD – Support OCAD – Make a Donation – Ideas Need Space Archived 2007-11-08 at archive.today
  13. ^ Mount Sinai Hospital, Toronto, Ontario, Canada Archived March 4, 2008, at the Wayback Machine
  14. ^ "The Isadore Sharp, Einstein Doctoral Scholarships". Canadian Friends of the Hebrew University. Retrieved 2011-03-10.
  15. ^ "Cultural complex to rise on planetarium site, including Jewish Museum of Canada". Toronto Star. September 9, 2014. Retrieved January 11, 2016.
  16. ^ "SHARP FAMILY SPEARHEADING JEWISH MUSEUM PROJECT". Canadian Jewish News. September 12, 2014. Retrieved January 11, 2016.
  17. ^ "R&P Design - Creating Curiosity. Delivering Impact".
  18. ^ Rifke: An Improbable Life by Rosalie Wise Sharp retrieved March 22, 2013
  19. ^ "Issy's final season".
  20. ^ "Issy (Washington, DC) the Bear Ty Beanie Baby". Aboutbeanies.com. Archived from the original on 2010-11-16. Retrieved 2011-03-10.
  21. ^ "The 2009 Rich 100 | Lists". Canadian Business. Retrieved 2011-03-10.[permanent dead link‍]
  22. ^ "Four Seasons: The Story of a Business Philosophy (Viking, May 2009)". Penguin.ca. 2009-04-21. Archived from the original on 2011-02-14. Retrieved 2011-03-10.
  23. ^ "Meet the Terry Fox Foundation Board of Members". The Terry Fox Foundation. Retrieved 2023-10-31.
  24. ^ Mix, Pulse (2022-08-01). "Dr Jeffrey Obomeghie and Dupe Olusola among the 100 most powerful people in global hospitality". Pulse Nigeria. Retrieved 2022-08-02.
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