Jim Pattison Biography
Jim Pattison also is known as James Allen Pattison was born on October 1, 1928. he 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, Canada’s second-largest privately-held company, with more than 45,000 employees worldwide, and annual sales of $10.1 billion.
The Group is active in 25 divisions, according to Forbes, including packaging, food, forestry products. In 2015, he was considered to be Canada’s fourth-richest person. Pattison is often referred to as “Canada’s Warren Buffett”. According to Forbes, Pattison’s net worth in late 2018 was $5.7 billion, having increased substantially from the $2.1 billion reported in March 2009. At the time, he was described as Canada’s third-richest man by Bloomberg News.
Pattison was inducted into Canada’s Walk of Fame on December 2018, having previously been appointed to the Order of Canada (1987), and the Order of British Columbia (1990) and receiving the Governor General’s Commemorative Medal for the 125th Anniversary in Canada.
Other recognition included being inducted into the Canadian Business Hall of Fame and the Canadian Professional Sales Association Hall of Fame, as well as Entrepreneur of the Year – Lifetime Achievement Award (2000), the International Horatio Alger Award (the U.S.A., 2004), and the Young Presidents Organization Canadian Icon Award (2007).
Jim Pattison Age
Jim Pattison is 90 years old as of July 2019. born on 1 October 1928.
Jim Pattison Family
Jim Pattison was born to American parents who had later left Canada to move to America.
Jim Pattison married his high school sweetheart Mary Pattison in 1953. Mary grew up in Moose Jaw in Sask.
The couple has three children; daughters Mary Ann Pattison, Cynthia Pattison and one son Jim Pattison Jr. Jim Pattison Jr. is the president of the Orlando-based Ripley’s entertainment from December 2007. He also serves as the Executive Vice President for Ripley Attractions Worldwide of Ripley Entertainment, Inc.
He is also the Director at The Jim Pattison Group, Inc. Mary Ann Pattison is a well-recognized author and has written two books namely; buffalo County: A Pictorial History and Canberra Bookshops.
Jim Pattison Photo
Jim Pattison Education
Pattison’s parents resided in the rural town of Luseland, Saskatchewan when he was born at the hospital in nearby Saskatoon. The family moved to East Vancouver, British Columbia when Pattison was six years old, but he returned to Saskatchewan during summers.
His first summer job was playing trumpet at a children’s church camp and later picking fruit like raspberries, cherries, and peaches. during the summer while in high school. 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. He graduated from John Oliver Secondary School in 1947.
After high school, he worked in a cannery, a packing house, as a laborer building bridges in the mountains, and then for the Canadian Pacific Railway as a dining car attendant before accepting a job washing cars at a gas station with a small attached used-car lot. By chance, while the regular salesman was away, Pattison sold one of the cars on the lot and found his profession.
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 (although he did not complete his studies, being three classes short of a business degree).
Jim Pattison Career
During a break from University in the summer of 1948, Pattison was selling cars at Richmond Motors in BC, although his primary duty was washing cars. In summer 1949, he worked for Kingsway, a used car dealer in Vancouver. he worked there all summer and then his boss gave him a car to drive to university. So he then started to sell used cars at UBC Pattison told a reporter.
By 1961, using his sales skills, he was able to persuade a Royal Bank manager to lend him $40,000, significantly more than the branch’s lending limit, to open a Pontiac dealership on Main Street near his elementary school.
To complete the funding, he also sold his house, assigned the cash surrender value of his life insurance policy to General Motors and took a loan from GM for $190,000 for preferred shares in the company. A quarter-century later, he was selling more cars than anyone else in Western Canada.
His company owned 25 car dealerships as of March 2018, Peterbilt truck dealerships, Overwaitea Foods, Save-On-Foods, Quality Foods, Ripley’s Believe It or Not!, Guinness World Records and radio and TV stations in British Columbia, Alberta, Saskatchewan, and Manitoba.
Pattison entered the media business when he bought Vancouver AM radio station CJOR with five partners. The Broadcast Group was Canada’s largest western-based radio and TV company in 2018, with 43 radio stations and three TV stations. Pattison Agriculture is the second-largest John Deere dealer in Canada, with 19 locations in 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…”
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.
Pattison, who owns approximately 30% of the shares of Canfor, was 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.
He was involved with the committee for the 2010 Vancouver Olympics. Among other honors, Pattison is an Officer of the Order of Canada 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. He was also listed then as the richest Canadian.
In late 2018, Pattison was still working full-time, making a tour of Pattison Agriculture farm equipment dealerships across the west, for example, driving a pickup truck thousands of kilometers to do so. When asked by a Bloomberg reporter whether he ever took a vacation, Pattison replied, “Well, I get 365 days. If you like your work, it does not work”.
Jim Pattison Companies
1. Jim Pattison oversees a sprawling group that operates 25 divisions including packaging, food, and entertainment.
2. Pattison’s first business was a GM dealership he bought in 1961.
3. The Canadian billionaire also controls more than 40% of publicly-traded forest products company Canfor.
4. His entertainment division includes Great Wolf Lodge, Guinness World Records, and the Ripley’s Believe It Or Not! chain.
Jim Pattison Net Worth
In 2015, Jim Pattison was considered to be Canada’s fourth-richest person. Pattison is often referred to as “Canada’s Warren Buffett”. According to Forbes, Pattison’s net worth in late 2018 was $5.7 billion, having increased substantially from the $2.1 billion reported in March 2009.
At the time, he was described as Canada’s third-richest man by Bloomberg News.in 2019 his net worth is 5.7 billion USD.
Jim Pattison Auto Group
Still the core of the group’s activities. The Pattison Auto Group sells 12 car brands in 23 dealerships. The group sells Toyota, Lexus, Volvo, Hyundai, Volkswagen, Audi, Subaru, and Chrysler cars.
Jim Pattison Yacht & Jet
Nova Spirit Yacht
The yacht Nova Spirit is a Trinity, built-in 1999. Nova Spirit can accommodate 12 guests and a crew of 9. Her interior is designed by Dee Robinson.
Nova Spirit is powered by two Caterpillar Engines. Which bring her a top speed of 20 knots. She has a range of 6,000 nm. Nova Spirit had many famous guests. Including former US President George Bush and Oprah Winfrey. the yacht Cost/Value is US$ 25 million.
Yacht Specifications
Yacht Name; is Nova Spirit
Yacht Length is 45.7 m (150 ft)
Guests accommodation is 12 in 6 cabins
Crew; 9 in 4 cabins
Builder; Trinity Yachts
Designer: Setzer Design Group
The year 1999
Maximum Speed 20 knots
Engines Caterpillar
Displacement; 515 ton
IMO 8980294
Cost/Value US$ 25 million
Private Jet
He owns a Dassault Falcon 900 private jet. The aircraft has registration C-GJPG. The jet was delivered in 2003. She has a value of US$ 8 million. Pattison also owns a Cessna Citation with registration N878JP. This jet is painted in a Ripley Entertainment color scheme. Ripley Entertainment is one of the companies owned by Pattison.