Frank Giustra was born in August 1957, in Sudbury, Ontario, Canada, and is a businessman and philanthropist, best known as a founder of Lions Gate Entertainment, where he served as chairman from 1997 to 2003. Giustra started his career in 1978.
Have you ever wondered how rich Frank Giustra is, as of late 2016? According to authoritative sources, it has been estimated that Giustra’s net worth is as high as $1 billion, an amount earned through his successful career as a businessman. In addition to his film industry endeavors, Giustra has made numerous other investments which have improved his wealth.
Frank Giustra Net Worth $1 Billion
Frank Giustra was a son of Giuseppe and Domenica Giustra and grew up in Italy and Argentina before attending Aldergrove High School, British Columbia, Canada. He matriculated in 1976, and soon after, his father introduced him to his broker who was to serve as Frank’s mentor. After completing his securities course in 1978, Giustra started working for Merrill Lynch as an assistant trader, and later as a stockbroker. In the meantime, Frank studied at Douglas College, and graduated in 1979.
Giustra used his experience from his time with Merrill Lynch to become the president of Yorkton Securities in 1990, while in 1995 he was appointed CEO and chairman. In 1996, Giustra left investment banking with the hopes of capitalizing on a growing film industry in Vancouver, so he established Lions Gate Entertainment in 1997. The studio released numerous successful movies, including Paul Schrader’s Oscar-winning thriller called “Affliction” (1997) with Nick Nolte, Sissy Spacek, and James Coburn. In 1998, the Lions Gate filmed Bill Condon’s Oscar-winning “Gods and Monsters” starring Ian McKellen, Brendan Fraser, and Lynn Redgrave, and ended the decade with Kevin Smith’s “Dogma” (1999), the movie that pretty much put Ben Affleck and Matt Damon on the map. Frank’s net worth was certainly growing.
In 2000, Giustra’s Lionsgate released “American Psycho” with Christian Bale, Oscar-nominated “Shadow of the Vampire” starring John Malkovich and Willem Dafoe, and the Mexican Academy Award nominee “Amores Perros”. Other commercially successful movies are Oscar-winning “Monster’s Ball” (2001) with Billy Bob Thornton and Halle Berry, and “Irreversible” (2002) starring Monica Bellucci and Vincent Cassel. The last one during Giustra’s reign at the company was Michael Moore’s “Fahrenheit 9/11” (2004), which was also the highest grossing one, with over $220 million earned worldwide. Of course, a big chunk of that money went to Frank Giustra’s bank account.
He remained the chairman of Lionsgate until 2003 when he sold most of his stake, but in 2010, Giustra returned as a member of the board of directors. Frank is also a co-owner of Vancouver-based Thunderbird Films, and in 2012 he created the joint venture with Lions Gate and Thunderbird called Sea to Sky Entertainment.
In addition to the movie industry, Giustra is a CEO and president of Fiore Group of Companies, a private investment firm.
Regarding his personal life, Frank Giustra married Alison Lawton in 2000, and they have two children but divorced in 2007; he currently lives in West Vancouver.
Frank Giustra is a well-known philanthropist for almost 20 years. He established the Radcliffe Foundation in 1997 to support international and local disaster relief, economic development, homelessness and other charities,
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