Barry and Honey Sherman. The drug company tycoon was Canada’s 12th richest man. Picture: Reuters
Barry and Honey Sherman. The drug company tycoon was Canada’s 12th richest man. Picture: Reuters

Billionaire couple found dead in mansion

A CANADIAN billionaire, Barry Sherman, may have killed his wife, and then himself in their lavish Toronto home, according to reports on Saturday.

The bodies of Sherman, 75, and his wife, Honey, were found together in the basement of their mansion on Friday morning, a day after he failed to show up for work at the generic pharmaceutical company that made him rich, according to the Toronto Sun, which cited unnamed sources.

Honey Sherman may have been killed in another part of the house and moved to the spot she was found next to her husband, the outlet reported.

Toronto cops are treating the deaths as "suspicious," but said there were no signs of forced entry and no one else was found in the house. Officers are not canvassing widely for suspects or warning residents of danger supporting the possibility of a murder-suicide.

No suicide note was found in the early stages of the investigation, but a search of the massive house, including reviews of the home's video surveillance system, was just beginning.

Police did not release the identities of the victims, but Sherman's company, Apotex, released a statement announcing his death.

The bodies were reportedly discovered by a real estate agent who entered the home to prepare it for a showing after she was unable to reach the couple. Autopsies were planned for Saturday. The home was recently put up for sale, listed at $5.4 million.

"Forensics need to be done and post-mortems on the bodies, but at this stage it appears there was no forced entry and no evidence of anybody else in the house," a police source told the paper.

Sherman, who would have turned 76 next month and was worth about $3 billion, according to Forbes, which listed him as the 12th richest Canadian and No. 660 on its world's richest list.

The couple was known for their philanthropy, and had given away millions of dollars to local and national causes.

Sherman founded Apotex in 1974 after starting his career in the pharmaceuticals business at his uncle's company, Empire Laboratories. He built the company into a major player in the industry, with more than 10,000 employees and 300 drug products sold in several countries.

He recently won a long-running dispute with cousins who claimed they were robbed of their inheritance when Sherman sold Empire, but the cousins said they would appeal.

Canadian officials were reportedly investigating several political fundraisers held in the home, including one in 2015 for Prime Minister Justin Trudeau, after complaints from a watchdog group raised the issue that Sherman was also a registered lobbyist.

News of the couple's death sent shockwaves through Canadian social and political circles. Many officials, including Trudeau, tweeted statements expressing grief and sympathy for the couple's four grown children.

The story was originally published in the New York Post and is republished with permission.

If you or someone you know needs help, contact:

Lifeline on 13 11 14 or the Suicide Call Back Service 1300 659 467 for 24-hour Australian counselling services.

Beyondblue (1300 22 4636) for 24-hour phone support, online chat, resources and apps.

News Corp Australia


Tabulam warned after fire jumps Clarence River

Tabulam warned after fire jumps Clarence River

Bruxner Highway between Tenterfield and Casino is closed

Winter lovin' at the Nymboida Camp Oven

Winter lovin' at the Nymboida Camp Oven

GALLERY: All smiles at the Camp Oven Festival

Council's plan to take business to the streets

premium_icon Council's plan to take business to the streets

Grafton and Ulmarra to be pilots for council plans to cut red tape

Local Partners