Canadian billionaire businessman Edgar M. Bronfman died Saturday. He was 84. Bronfman inherited the reins of the Seagrams biz empire in 1971 from his father Samuel and acted as Chairman and CEO. Son Edgar Bronfman Jr. later became CEO focusing on media investments and eventually lost entertainment interests including Universal Studios to Vivendi in 2000. Bronfman Sr. also served as the longtime President of the World Jewish Congress, the international organization which elected him in 1981. During his tenure Bronfman helped spearhead an initiative to grant restitution to Holocaust victims, resulting in a $1.25 billion settlement payout in 2000 from Swiss banks. He stepped down from his WJC post in 2007.
R.I.P. Seagram Scion Edgar M. Bronfman
For all of Deadline’s headlines, follow us @Deadline on Twitter
Sign up for Newsletters
Trending Now on Deadline
More From Team
- Miranda Mayo Joins 'Pretty Little Liars'; Samm Levine In 'Selfie'
- A+E Networks Outbids Time Warner For 10% Vice Media Stake
- HBO Miniseries 'Olive Kitteridge' Sets November Premiere Dates
- UPDATE: Joan Rivers Is “Resting Comfortably”, Says Daughter Melissa
- No Hollywood Credits For Obama IP Czar Nominee
- Hot Trailer: Jon Stewart's 'Rosewater'