Frank Giustra, is a Canadian businessman, mining financier, and philanthropist, who also founded Lionsgate Entertainment. From 2001 to 2007, he was president of the commercial banking company, Endeavor Financial, which financed mining companies. Now, he is the CEO of the Fiore Group of Companies.
It should be noted that Giustra became a millionaire when he was little more than 20 years old financing small mining and energy companies. As president and CEO, he went on to turn Yorkton Securities into a dominator of the industry. But at the height of the gold bull market in the mid-90s, Giustra resigned, only to quickly resurface as the founder of Lionsgate Entertainment, which is the world’s largest independent film studio today.
Also, in 2001, he returned to the world of raw materials, this time as president of Endeavor Financial. From here, he launched countless resource companies, including what is now Goldcorp, Silver Wheaton, Uranium One, Pacific Rubiales Energy and others. In 2010, he entered the food sector with Domenica Fiore, now recognized as the best olive oil mix in the world.
Interview
Frank Giustra was present this time at the BCBusiness Magazine Top 100 event at the Vancouver Hotel. In front of a crowd of 1,200 people, he was interviewed on stage by BCBusiness president Peter Legge.
It has been said that to say that Giustra has the touch of Midas is to fall short.
Giustra frequently travels the world with philanthropic friend Bill Clinton aboard his huge luxury jet (for 18). The two men established what is now the Clinton Giustra Business Initiative with more than $ 100 million of Giustra’s own money in 2007, and another $ 100 million from Carlos Slim, who is literally the richest man in the world.
We have been fortunate to travel with Mr. Giustra and consider him a friend. He invited us to sit in the second row at the BCBusiness event yesterday. Here we had the privilege of seeing Peter Legge try to get unique ideas from Guistra for more than an hour. It turned out to be pretty good.
“If you have nothing to lose, go for it,” Guistra told the audience. Before deciding to work in the stock market, Frank wanted to be a grocery store manager. But he quickly expanded his ambitions, and soon after, graduated from making $ 600 a month as a clerk at Super Value to earning $ 80,000 in his first year as a broker. “I’ll be the best broker you ever had,” he said during his first job interview — which he landed at age 20.
Source: Tommy Humphreys | MINING.COM
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