Power 50 2021
Brookfield Asset Management
Bruce Flatt is Chief Executive Officer of Brookfield Asset Management, a leading global alternative asset manager with over $625 billion in assets under management. Bruce has also been referred to as “Canada’s Warren Buffett”, a suitable nickname for an individual with a value focused investment style and being the CEO of the worlds second largest alternative-asset manager.
A Winnipeg native, he joined an accounting firm out of college, then took a job at Canadian conglomerate Brascan, which nearly collapsed soon after. He helped revive Brascan through a series of savvy real estate deals and became CEO in 2002, refashioning the firm into Brookfield Asset Management. Notable deals include purchasing Olympia & York in 1996 and London’s Canary Wharf in 2015 and recapitalizing General Growth Properties in 2010 and eventually the acquisition of a majority stake in Oaktree Capital Management in 2019.
Flatt and a group of partners own 20% of Brookfield, individually and through a company called Partners Limited, with a stake valued at over $8 billion. Additionally, in 2019 he was ranked #1717 on Forbes' Billionaires list with a net worth of US$1.3 billion. Other awards include Flatt was named CEO of the Year by The Globe and Mail in 2017, 60th in a list of the top 100 best-performing CEOs published by Harvard Business Review in 2018, and one of Bloomberg's 50 people who defined global business in 2019.