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Jim Pattison
James Allen Pattison OC OBC (born October 1, 1928) is a Canadian business magnate and investor. 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, and forestry products.
In 2015, he was considered to be Canada's fourth richest person. 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 in 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 recognitions include 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 (U.S.A., 2004), and the Young Presidents Organization Canadian Icon Award (2007).
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 (raspberries, cherries, and peaches) during the summer while in high school. Pattison held 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 labourer 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 calling. He parlayed his sales success into a job selling used cars during the summer at one of the largest used-car lots in Vancouver, using his earnings that he made to pay for his tuition while studying at the University of British Columbia's Sauder School of Business (Pattison did not complete his studies, since he was three classes short of a completing a four-year bachelor's of commerce degree).
In the summer of 1948, while taking a break from his studies, Pattison was employed at Richmond Motors in the southern Vancouver suburb of Richmond, British Columbia. Although he was primarily responsible for washing cars, his job also involved selling them. In summer 1949, he worked for Kingsway, a used car dealer in Vancouver. "I worked there all summer and then [my boss] gave me a car to drive to university. So, I then started to sell used cars at UBC," Pattison told a reporter.
In 1961 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 children's 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. 25 years later, he was selling more cars than anyone else in Western Canada.
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Jim Pattison
James Allen Pattison OC OBC (born October 1, 1928) is a Canadian business magnate and investor. 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, and forestry products.
In 2015, he was considered to be Canada's fourth richest person. 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 in 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 recognitions include 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 (U.S.A., 2004), and the Young Presidents Organization Canadian Icon Award (2007).
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 (raspberries, cherries, and peaches) during the summer while in high school. Pattison held 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 labourer 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 calling. He parlayed his sales success into a job selling used cars during the summer at one of the largest used-car lots in Vancouver, using his earnings that he made to pay for his tuition while studying at the University of British Columbia's Sauder School of Business (Pattison did not complete his studies, since he was three classes short of a completing a four-year bachelor's of commerce degree).
In the summer of 1948, while taking a break from his studies, Pattison was employed at Richmond Motors in the southern Vancouver suburb of Richmond, British Columbia. Although he was primarily responsible for washing cars, his job also involved selling them. In summer 1949, he worked for Kingsway, a used car dealer in Vancouver. "I worked there all summer and then [my boss] gave me a car to drive to university. So, I then started to sell used cars at UBC," Pattison told a reporter.
In 1961 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 children's 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. 25 years later, he was selling more cars than anyone else in Western Canada.
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