Frank Giustra is a Canadian businessman and philanthropist with a net worth of $1 billion. Born in 1957, Ontario, Canada, Giustra is the son of a nickel miner. He acquired the majority of his fortune in the filmmaking and mining industries.
He graduated in 1979 from Douglas College where he spent his first year playing trumpet in the school’s music band before switching over to business and finance. Giustra’s father was a keen stock market investor and introduced his son to his broker. Giustra took a securities course and began his career in the investment industry in 1978 with Merrill Lynch as an assistant trader and then a stockbroker.
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He was CEO of Yorkton Securities in the ’90s, founded Lions Gate Entertainment and served as chairman of Endeavour Financial from 2001 to 2007. Endeavour Financial is a merchant banking firm which finances mining companies.
Giustra is currently the CEO of Fiore Group of Companies and co-chair of International Crisis Group, an independent, non-profit, non-governmental organization, established to prevent and resolve conflicts.
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Giustra was married to Alison Lawton, a human rights activist and producer of documentary films on humanitarian crises. They divorced in 2007 after seven years of marriage. During their marriage Alison was always pushing Frank to donate more of his wealth to worthy causes.
Over the years Mr Giustra formed a close relationship with former President Bill Clinton and was a significant donor to his charioteers. In 2007, Giustra and Clinton started the Clinton Giustra Enterprise Partnership, creating social and economic programs to support parts of the world where poverty is widespread.
Giustra is frequently quoted in the media on the topic of gold and currency markets in publications such as Kitco News, Stansberry Research StockHouse.com, GoldEditor.com and also runs a personal blog – FrankGiustra.com. In April 2021, he appeared on Stansberry Research to debate Michael Saylor on Gold vs Bitcoin.
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FAQs
1. How rich is Frank Giustra?
Frank Giustra is a billionaire, currently with a net worth of $1.2 billion. He is a global philanthropist, which is another reason why he has managed to network, grow his business and also be able to give back to society and the less fortunate.
2. What do we know about Frank Giustra’s early life?
Frank Giustra was born in Sudbury, Ontario on August 22, 1957, to Giuseppe and Domenica Giustra. While Frank spent most of his childhood in Argentina, the family later moved to the British Columbia coast, where Frank completed his schooling from. He graduated from Douglas College in 1976.
3. When did Frank Giustra start his career?
Frank’s professional journey started in 1978 when he started working as an assistant trader at Merrill Lynch. Following acquiring more experience, he then started working as a stockbroker on the Vancouver stock exchange.
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4. Is Frank Giustra married?
Frank Giustra is married to Alison Lawton since 2000. His wife is a popular Canadian investor and activist and the couple has two children together. However, the couple eventually split following seven years of marriage in 2007. They are on good terms and are currently co-parenting their children.
5. How did Frank Giustra make his money?
According to reports, Frank managed to end up raising billions of dollars and he developed a group of investors in mining ventures. That’s where his career as an investor kicked off. During that time, he worked as a broker at the Vancouver Stock Exchange.
6. What are some other avenues that add to Frank Giustra’s net worth?
Besides being the mining and movie mogul as most people call him, Frank Giustra is also a major shareholder in Thunderbird Entertainment and manages a series of other projects and businesses as well. He is also the president and CEO of the Fiore Group, which is a private equity investment firm.
7. Does Frank Giustra contribute to philanthropy?
Frank Giustra besides having a pretty huge net worth is also a believer in philanthropy and spending his money to uplift the communities that need it. He does spend a good amount of his fortune spending it on charity.
8. Is Frank Giustra a billionaire?
If Frank’s net worth is anything to go by, we can safely safe that Frank is a billionaire with an estimated net worth of $1.5 billion from all his investments, companies, and the work that he does daily.
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