Bruce Flatt of Brookfield Asset Management is part of this year's Wealth Professional Canada's Host List.
Brookfield Asset Management
“Buy land; they aren’t making any more of it.” Mark Twain’s famous advice is a principle that has made Brookfield Asset Management, under the direction of Bruce Flatt, the company it is today. In the past year, Brookfield has made high-profile acquisitions of Canary Wharf in London’s financial district, the Center Parcs resort chain in the UK, as well as an ongoing bid to take over Australian rail, port and terminal operator Asciano. Such ambition saw the Motley Fool recommend Brookfield as a ‘forever stock.’ Flatt, who has been the firm’s CEO for 14 years, built his reputation on property, and it continues to be a highly lucrative source of revenue today. In April, Brookfield announced that it had accrued US$9 billion in commitments for a private real estate fund as it responds to investors’ demand for more real assets.