Canadian billionaire couple found dead in their mansion basement

Barry Sherman and his wife Honey were found dead in their home yesterday

Forbes magazine estimated Mr Sherman's personal net worth at $3.2bn (£2.4bn), making him the 15th richest Canadian.

Emergency crews were called to the home at about 11:45 a.m. on Friday, the Canadian Broadcasting Corporation reported, with police saying only that a man and woman were pronounced dead on the scene.

Canadian Prime Minister Justin Trudeau tweeted that he was saddened to by the news of the sudden passing of Barry and his wife Honey. He grew the company through the introduction of large numbers of generic, low-costing drugs that were able to take market share away from the branded pharmaceuticals.

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

Their bodies were discovered by an estate agent who was setting up an open house for the luxury property, which had recently been put up for sale for $6.9m Canadian dollars (over £4m).

Police said in an update Friday evening they aren't looking for an outstanding suspect and that there was no signs of forced entry into the home. He stepped down as chief executive in 2012 but remained as executive chairman.

Honey, who also graduated from the University of Toronto, was a member of the board of the Baycrest Foundation and the York University Foundation.


"Our condolences to their family & friends, and to everyone touched by their vision & spirit", Trudeau wrote on Twitter.

A local constable said the circumstances of the deaths appear to be suspicious and it is being treated as such.

Police said homicide investigators are involved in the case, though the deaths have not officially been classified as homicides.

Eric Hoskins, health minister of Ontario province, described the couple as "incredible philanthropists". "My dear friends Barry and Honey Sherman have been found dead".

The couple had four children.

Speaking with reporters about the couple on Saturday morning, Mayor John Tory said they were "extraordinary citizens" who "contributed so much to so many in Toronto".

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