Jim Pattison

Jim Pattison
Born James Allen Pattison
(1928-10-01) October 1, 1928
Saskatoon, Saskatchewan, Canada
Nationality Canadian
Alma mater University of British Columbia (dropped out)
Occupation Businessman
Known for Founder of the Jim Pattison Group
Net worth US$4.9 billion (August 2016)[1]
Spouse(s) Mary Hudson
Children 3

James Allen Pattison, OC OBC (born October 1, 1928) is a Canadian business magnate, investor and philanthropist. He is based in Vancouver, British Columbia, where he holds the position of chief executive officer, chairman and sole owner of the Jim Pattison Group, the largest privately held company in Canada. He is considered to be Canada's fourth richest person.[2]

Early life and education

Pattison's parents resided in the rural town of Luseland, Saskatchewan,[3] when he was born at the hospital in nearby Saskatoon. Growing up in East Vancouver, British Columbia his first summer job was playing trumpet at a children's church camp[3] and later picking fruit (raspberries, cherries, and peaches) during the summer while in high school.[3] Pattison had many jobs while in high school, including selling doughnuts in the school parking lot, selling seeds door-to-door, delivering newspapers, and working as a page boy at the Georgia Hotel.[4] He graduated from John Oliver Secondary School in 1947.[5]

After high school, he worked in a cannery, a packing house, as a labourer building bridges in the mountains, and then for the Canadian Pacific Railway as a dining car attendant[3] before accepting a job washing cars at a gas station with a small attached used-car lot.[3] By chance, while the regular salesman was away, Pattison sold one of the cars on the lot and found his profession.[3] He parlayed that success into a job selling used cars during the summer at one of the largest used-car lots in Vancouver, using his earnings to pay for his studies at the University of British Columbia[3] (although he did not complete his studies,[6] being three classes short of a business degree).[3]

Career

After leaving school, he linked up with a local General Motors dealer and in 1961, using his sales skills to persuade a Royal Bank manager to lend him eight times the branch's limit, he opened a Pontiac dealership[7] on Main Street near his elementary school, and, a quarter century later, was selling more cars than anyone else in Western Canada.[8]

His company, the largest privately held one in Canada[9] owns numerous car dealerships, Peterbilt truck dealerships, Overwaitea Foods, Save-On-Foods, and Quality Foods. Ripley's Believe It or Not!, Guinness World Records and radio & TV stations in British Columbia, Alberta, Saskatchewan and Manitoba. He also owned the Vancouver Blazers of the World Hockey Association.

Pattison led the organization of Expo 86 in Vancouver as the chief executive officer and president of the Expo 86 Corporation. When he was appointed to the Order of British Columbia, the award noted, "Although others may have had the initial vision for Expo ’86, it was Jimmy Pattison who was the expediter – the one more than anyone else who made it happen. He demanded much of his team but no more than he himself was prepared to give. This he did, almost full-time over a five-year period, without compensation..."[10]

On February 15, 2008, Jim Pattison Group announced the purchase of the GWR organization, the company known for its Guinness World Records franchise. Its annual book, published in more than 100 countries in 37 languages, is the world's best-selling copyrighted book.[11] Pattison, who owns approximately 30% of the shares of Canfor, in a dispute over governance with money manager Stephen A. Jarislowsky, whose firm owned 18%. Pattison won and ousted CEO Jim Shepherd over Canfor's poor performance and declining share price, replacing him for the interim with Jim Shepard.[12]

He was involved with the committee for the 2010 Vancouver Olympics.[13] Among other honours, Pattison is an Officer of the Order of Canada[14] and a member of the Order of British Columbia. He was also listed as No. 177 on the 2015 Forbes list of the world's richest people.[15] He is also listed as the richest Canadian.[9]

Philanthropy

Imagine Canada rated the Jim Pattison Foundation in 2008 as the eighth largest giver of charitable grants by a private foundation in Canada.[16]

On April 16, 2009 Jim Pattison announced that Save-On Foods had donated $100,000 to CBC Television in order to rent high-definition television trucks for away games during the Vancouver Canucks' 2009 1st round NHL playoff series versus the St. Louis Blues. Prior to this donation, CBC stated that it would not broadcast high-definition away games in St. Louis due to the cost of renting high definition equipment during the current tough economic times and major cuts to funding for the CBC by the federal government.[17]

Pattison is a well known philanthropist and an article in The Globe and Mail noted, "He has always given away 10% of his income."[3] In July 2013, he donated up to $5 million to Victoria Hospitals Foundation (Victoria, British Columbia), to support its "Building Care Together" campaign to purchase new equipment for the new patient care tower at the Royal Jubilee Hospital. In recognition, the hospital named the ground floor lobby of the patient care tower "The Jim Pattison Atrium and Concourse."[18] In 2011, Pattison contributed $5 million to add his name and to match public donations for a $10 million 100-day fundraising campaign in Surrey, British Columbia for the new Jim Pattison Outpatient Care and Surgery Centre run by Fraser Health.[19]

On March 28, 2017, Pattison donated $75 million to the construction of the new St. Paul's Hospital in Vancouver, a Canadian record for a private donation to a health care provider.[20] On May 30, 2017, Pattison and the Jim Pattison Foundation announced they were donating $50 million, the largest private donation in Saskatchewan history, to the new Children's Hospital of Saskatchewan in Saskatoon, Saskatchewan which is expected to open in 2019. It was also announced that day the new hospital would be named in his honour.[21]

Personal life

Pattison married Mary Hudson, whom he met as a teenager.[22] They have three children.[23][24] At a Los Angeles auction on November 17, 2016, Pattison purchased (for $4.8 million) the Jean Louis dress worn by Marilyn Monroe when she sang "Happy Birthday, Mr. President" to President John F. Kennedy at a celebration of his 45th birthday.[25]

See also

References

  1. ↑ "Jim Pattison". forbes.com. Retrieved February 12, 2018.
  2. ↑ "Canada's Richest People 2015: The 100 Richest Canadians". Canadian Business. Archived from the original on February 12, 2018. Retrieved January 9, 2016.
  3. 1 2 3 4 5 6 7 8 9 "Jimmy has the last laugh". The Globe and Mail. Toronto. Archived from the original on June 20, 2013. Pattison's father was already in the business back in Luseland, Sask., on the day in 1928 that his only son was born...
  4. ↑ "Don't fear failure, Jim Pattison tells high school students". Vancouver Sun. September 8, 2011. Archived from the original on September 21, 2014 – via Canada.com.
  5. ↑ Fleming, Andrew (September 7, 2011). "Billionaire returns to former high school in Vancouver". Vancouver Courier. Archived from the original on February 12, 2018. Retrieved February 12, 2018.
  6. ↑ National Post: "Still Going Strong" September 30, 2006 Archived January 19, 2013, at Archive.is
  7. ↑ McMahon, Tamsin (February 16, 2012). "Jim Pattison, the Warren Buffett of B.C". Maclean's. Archived from the original on February 12, 2018. Retrieved February 12, 2018.
  8. ↑ Hutchinson, Brian (June 30, 2012). "Summer Jobs Series: Multi-billionaire Jimmy Pattison fondly recalls his first work in the '40s". National Post. Retrieved July 1, 2012. It was my first summer job and I loved it," says Pattison. "I travelled, I met a lot of people, I played my horn, and I met my future wife. We’ve been married 61 years. It was a huge experience for me.
  9. 1 2 "James Pattison takes crown as Canada's richest as new information reveals David Thomson's fortune smaller than thought". December 17, 2013. Archived from the original on February 12, 2018. Retrieved February 12, 2018.
  10. ↑ "Order of British Columbia, 1990 Recipient: Jim Pattison – Vancouver". Archived from the original on February 12, 2018. Retrieved February 12, 2018.
  11. ↑ Surridge, Grant (February 15, 2008). "Pattison buys Guinness World Records". National Post. Retrieved February 12, 2018.
  12. ↑ "Jimmy Got Mad". Canada.com. September 6, 2007. Archived from the original on November 3, 2012. Retrieved August 21, 2012.
  13. ↑ Hume, Stephen (January 12, 2017). "Canada 150: Jim Pattison exemplifies rags-to-riches mythology". Vancouver Sun. Archived from the original on February 12, 2018. Retrieved February 12, 2018.
  14. ↑ "James Pattison, O.C., O.B.C." Governor General of Canada. Retrieved February 12, 2018.
  15. ↑ "Forbes Billionaires: Full List Of The 500 Richest People In The World 2015". Forbes. Retrieved January 9, 2016.
  16. ↑ "Key Facts on Canadian Foundations" (PDF). Imagine Canada. Archived from the original (PDF) on February 12, 2018. Retrieved February 12, 2018.
  17. ↑ "Hockey Night in Canada gives Vancouver the Bird". Vancouver Province. April 16, 2009.
  18. ↑ Watts, Richard (July 30, 2013). "Jim Pattison donates millions to Royal Jubilee Hospital". Times Colonist. Archived from the original on February 12, 2018. Retrieved February 12, 2018.
  19. ↑ Nagel, Jeff (February 11, 2011). "Pattison gives $5 million and his name to new hospital". Surrey Leader. Archived from the original on February 12, 2018. Retrieved May 21, 2016.
  20. ↑ "Canada billionaire makes history with $75m donation". BBC News. March 29, 2017. Archived from the original on February 12, 2018. Retrieved April 9, 2017.
  21. ↑ Warick, Jason (May 30, 2017). "$50M Children's Hospital donation largest in Sask. history". CBC News. Archived from the original on February 12, 2018. Retrieved February 12, 2018.
  22. ↑ Sutherland, Jim (March 26, 2004). "Jimmy has the last laugh". The Globe and Mail. Archived from the original on February 12, 2018. Retrieved February 12, 2018.
  23. ↑ "Still going strong". National Post. Archived from the original on 2013-01-19.
  24. ↑ Kennedy, Peter (June 2, 2003). "At 74, Jimmy Pattison focuses on long term". The Globe and Mail. Retrieved February 12, 2018.
  25. ↑ "Marilyn's 'Happy Birthday, Mr. President' Dress Sells for $4.8M". NBC News. Reuters. November 18, 2016. Retrieved May 17, 2017.

Further reading

  • Jimmy: An Autobiography by Jim Pattison and Paul Grescoe (1987)
  • Pattison: Portrait of a capitalist superstar by Russell Kelly (Nov 1986)
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