Toronto billionaire, wife found dead at their home

Lucy Hill
December 17, 2017

Tributes have begun pouring in for Barry Sherman, founder of the pharmaceutical company Apotex, and his wife, Honey, after they were found in their Toronto home.

Post-mortem examinations would be conducted and authorities are treating the deaths as suspicious, a Toronto Police spokesman said.

Mr Sherman founded the Apotex in 1974 and stepped down as chief executive in 1974.

Toronto Mayor John Tory said in statement he was "shocked and heartbroken" to learn of the deaths, noting that the couple had made extensive contributions to the city. Forbes has estimated his net worth at $3.2 billion.

Toronto police said on Twitter that "two people (were) found deceased in a home" in the Bayview Avenue and Old Colony Road area, after officers responded to a medical call around noon on Friday.

He declined to say whether the bodies showed signs of trauma and did not provide details on the time or cause of death.

The Shermans recently listed their home for sale for almost C$7 million ($5.4 million).

Police said homicide investigators are involved in the case, though the deaths have not officially been classified as homicides.

The Globe and Mail cited a police source as saying the Shermans' bodies were found hanging from a railing around a basement pool, the theory being that "Mr Sherman killed his wife, hung her body and then hanged himself at the pool's edge".

If the autopsies indicate that a homicide has occurred, the police's homicide squad will take over the investigation and detectives will talk to family members before they update the public, he said.

Apotex founder Barry Sherman, wife found dead in Toronto home

"I am beyond words right now".

Apotex released a statement on Saturday paying tribute to its founder, praising both his philanthropic efforts and what it described as his vision for health care.

The Shermans have handed out millions of dollars to hospitals, universities and the United Jewish Appeal.

The real estate agent who had been helping to sell the pair's North York home found the bodies.

They are survived by their four children, including one who just gave them a grandchild. A very, very sad day.

Eric Hoskins, health minister of Ontario province, described the couple as "incredible philanthropists". Apotex specializes in manufacturing generic versions of prescription drugs.

Police said later Friday evening that they are not now seeking any suspects but are keeping an open mind on all possibilities.

Sherman was born in Toronto, Canada in 1942 and was the youngest to ever enter into the University of Toronto's Engineering Science program at age 16.

Filling more than 89 million prescriptions in a year and exporting to 115 countries, the privately held company says its worldwide sales exceed $2 billion a year.

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