Canadian billionaire, wife found dead in their Toronto home

Canadian billionaire, wife found dead in their Toronto home

The bodies of Apotex founder Barry Sherman and his wife Honey were found dead, hanging from a railing around the indoor pool in their home Friday night, sources tell Global News.

Officers have not released many further details, but in a press conference a police spokesperson said the deaths were "suspicious" but are not yet being treated as homicides.

Bernard Sherman is the founder of generic drug-maker Apotex in 1974 after buying the company, previously Empire Laboratories, from his uncle.

In a statement, Mayor Tory said he was "shocked and heartbroken" to learn of the deaths, and noted the couple's generous contributions to the city.

Sherman founded pharmaceutical firm Apotex, and was worth more than $3 billion, according to Forbes.

Linda Frum, a Canadian senator who recently awarded a medal to Honey Sherman for community service, was among those paying tribute to someone she described as one of the most beloved members of Canada's Jewish community.

Canadian billionaire, wife found dead in their Toronto home
Canadian billionaire, wife found dead in their Toronto home

Police said they learned of the deaths after responding to a midday (1700 GMT) medical call at the Sherman's home in an affluent section of northeast Toronto. The Toronto Police homicide unit is collaborating with the investigation in case it ultimately takes over, he said.

As a producer of more than 300 generic pharmaceutical products, Apotex has itself seen a number of litigation issues, as companies have pushed back on its efforts to sell cheaper no-name options. It was considered the sixth largest drug company in the world.

"The circumstances of their death appear suspicious and we are treating it that way", said police Constable David Hopkinson. They previously indicated that there were no signs of forced entry into the home and that they were not seeking any suspects.

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.

"Honey Sherman was a volunteer extraordinaire".

His home was recently put up for sale. She also served on the boards of Mount Sinai's Women's Auxiliary, the Simon Wiesenthal Center and the International American Joint Distribution Committee.

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