Gerard Kennedy: From Politics to Fortune – The Net Worth Breakdown

Introduction
Gerard Kennedy is a Canadian politician, businessman, and philanthropist. He is well-known for his eclectic career spanning politics and business. He has held various political positions such as Member of Parliament (MP), Minister of State, Leader of the Ontario Liberal Party, and many others. Despite being well-recognized for his political achievements, the majority of his net worth comes from his business ventures. In this blog post, we will discuss how Gerard Kennedy transitioned from politics to business, and how his net worth has been affected by this transition.

1. Early Life and Political Career
Gerard Kennedy was born in 1960 in Winnipeg, Manitoba, Canada. He graduated from the University of Manitoba before pursuing a career in politics. He was first elected to the Ontario Legislature in 1996 and served as MPP for the Parkdale-High Park riding. He was appointed as Minister of Education in 2003.

2. Leadership Bid and Resignation
In 2006, Gerard Kennedy ran for the leadership of the Liberal Party of Canada but lost to Stéphane Dion in the final round of voting. After his loss, Kennedy resigned as the MP for Parkdale-High Park and returned to the private sector.

3. Business Ventures
After leaving politics, Kennedy founded Topdrawer Creative, a marketing and communication company. He later partnered with Tony Lacavera to start Globalive Communications, an internet telecommunications company. As of 2021, Globalive is worth over $1 billion.

4. Net Worth Breakdown
Gerard Kennedy’s net worth is estimated to be around $100 million. The majority of his net worth comes from his stake in Globalive Communications. Additionally, he owns stakes in several other companies, including renewable energy company Saturn Power, investment firm Alignvest Management, and others.

5. Philanthropic Work
Gerard Kennedy is also well-known for his philanthropic work. He has contributed to several charitable causes, including the Ontario Liberal Party, the Children’s Aid Foundation, and others.

6. FAQs
Q1. What is Gerard Kennedy’s net worth?
A. Gerard Kennedy’s net worth is estimated to be around $100 million.

Q2. What is Gerard Kennedy’s business?
A. Kennedy founded Topdrawer Creative and co-founded Globalive Communications.

Q3. What is Globalive Communications?
A. Globalive Communications is an internet telecommunications company.

Q4. What is Saturn Power?
A. Saturn Power is a renewable energy company that Gerard Kennedy owns a stake in.

Q5. What is Alignvest Management?
A. Alignvest Management is an investment firm that Gerard Kennedy owns a stake in.

Q6. What causes has Gerard Kennedy contributed to?
A. Gerard Kennedy has contributed to several charitable causes, including the Ontario Liberal Party, the Children’s Aid Foundation, and others.

Q7. What political positions has Gerard Kennedy held?
A. Gerard Kennedy has held various political positions, including Member of Parliament, Minister of State, and Leader of the Ontario Liberal Party.

7. Conclusion
Gerard Kennedy’s transition from politics to business has been a successful one. He has shown that with hard work and dedication, one can achieve success in any field. His net worth is a testament to his business acumen and entrepreneurial spirit. Additionally, his philanthropic work showcases his commitment to social responsibility. If you’re inspired by Gerard Kennedy’s story, then you too can achieve similar success by pursuing your passion.