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According to Forbes, Gerald Schwartz is worth $1.88 billion ($1.5 billion USD). Fidani also co-owns the Canadian Tire Motorsport Park north of Toronto with Canadian racer Ron Fellows. He is also a rally race card driver. Albert Latner was a first-generation Canadian delivering newspapers and dabbling in other small business before he married his love, and confidante, Temmy Latner. He sold that company to its employees and went on to invest his wealth into gold and silver. By Ron Csillag. Dont let the last name fool you. Tanenbaum owns 25% of Maple Leaf Sports and Entertainment which owns the Toronto Maple Leafs hockey team, the Toronto Raptors basketball team and the Toronto FC soccer team. Larry Tanenbaum's net worth as of 2022 is estimated to be 1.5 billion according to the local report. Wealthsimple Invest is a simple and affordable way to invest your RRSP, RESP or TFSA. Joseph Burnett is also the director of the Baycrest Centre Foundation which raises funds for geriatric issues. By 1914, just before the war in Europe, Abraham had saved enough to bring his wife, Chippa Sura, and two young sons Joseph and Max to accompany him in Toronto. He has also established a program that provides fabric and other clothes-making materials to remote Inuit communities in Canada. + Do you need car insurance for renting a car? Its sometimes called downtown Canada. In 1980, Max Tanenbaum suffered a debilitating stroke, following which his wife Anne, and sons Larry and Howard, formed a committee to manage the family holdings. The company first launched a Chia Pet-like toy called the Earth Buddy. Lets get into the moguls and how they made their money. Sherry Brydson owns 23% of the Thomson familys investment firm, Woodbridge, and is worth a whopping $17.3 billion ($13.8 billion USD) according to Bloomberg. He received the Order of Canada in 2017. While the NBA rejected his bid to purchase and relocate an existing team, his interest led to the idea of creating a new Toronto-based franchise. He was drafted to play with the Edmonton Oilers, but ended up a self-made billionaire. In 1996, Mr. Tanenbaum acquired an interest in the Toronto Maple Leafs of the National Hockey League and Maple Leaf Gardens, Limited (now Maple Leaf Sports & Entertainment). In 2015 he donated millions to create the Dovigi Family Sports Medicine Clinic. They have their stories to tell: immigrants, first-generation Canadians who started with nothing, or heirs to vast fortunes. Tanenbaum would not participate in this story, the aim of which was to better understand the reserved man who upped his ownership stake in Canadas iconic hoops-and-hockey brand to 25 per cent this month. Fast forward to 1997. Our team will be reviewing your submission and get back to you with any further questions. That business started with a $300 investment in a truck to haul groceries from Toronto to Sudbury. 2023. He established Canadas largest public foundation, the Azrieli Foundation which supports medical, educational, scientific and other endeavours. There werent many eager bidders on the property and the Apostololopoulos family came out on top. Furthermore, the Tanenbaum couple was known for supporting the Jewish community in education and medicine. Though their day jobs were nothing alike Abraham drove a horse and cart searching for steel remnants, while Larry jets to meetings in his private plane the two Tanenbaums bookend a century during which the entrepreneurial family helped shape Toronto spiritually, physically and philanthropically. Finally, in 2007, the family sold Slaight Communications to Astral Media for a total compensation of $1.1 billion dollars. Most of Cockwells wealth comes from his shares in Brookfield Asset Management, which is one of the largest money managers around. Ontarios Ethics Commissioner eventually cleared the consortium of any ethical breach, though the incident exposed Tanenbaum to considerable political controversy. The city was expecting 17 million USD. Larry Tanenbaum probably won't like this article. The married pair have been involved in charity and philanthropic activities together. . Well, the smartly groomed man whos all business when hes on the clock likes to loosen his tie now and then. The company also has TransGlobal Services, which installs appliances for both The Brick and Leons. You could never tell someone to work for $0.75 today and have them believe that can one day make them a billionaire. He works extraordinarily hard, but thats what successful people do.. The company listed on the Toronto Stock Exchange for the first time in 1987. Franco Nevada became the largest mining royalty company in the world. Tanenbaum served as chairman of Warren, which, until its merger with Lafarge North America, was Canada's largest asphalt paving and aggregate company with operations serving approximately 54 communities. The company is committed to sustainability. In 1984, Schwartz founded Onex Corporation with 50 million dollars in private equity. Larry is very much a chip off the old block, Godfrey says of Tanenbaums charitable works. He went from bankrupt to billionaire. These ventures include youth programs in racialized communities as well as scholarship opportunities. Like her brothers, she owns a 14% stake in her familys investment company. He never, ever called me or asked for anything, Godfrey recalls. Get a $25 bonus when you open an investment account with Canadas most- popular robo-advisor. He is a man who and I can tell you this from personally dealing with him throughout the years looks for no personal credit. Then, after years building successful toy launches, they developed Bakugon in 2007. Tanenbaum believes the league will choose its hub city . One hundred years later, grandson Larry Tanenbaum sips vintage wines poured by Canadas only female master sommelier at e11even, the high-end restaurant in the billion-dollar, bricks-and-mortar holdings of Maple Leaf Sports & Entertainment owned, in part, by Tanenbaum. CanPro investments owns real estate all over the US and Canada, including landmarks like Montreals Sofitel. They were the ones who brought the Wiggles to Canada. Privacy Policy The couple tied the knot in 1967 and have been together ever since. Toronto's 50 Most Influential: #9, Larry Tanenbaum. According to Forbes, Flatt has a net worth of $3.5 billion ($2.8 billion USD). Brydsons ventures also go beyond Woodbridge via investment firm Westerkirk Capital. Choisissez parmi des contenus premium de George Obrien Holding de qualit. August 18, 2017. Tanenbaum sits on the board of Mount Sinai Hospital and Right to Play, and he is a major contributor to the United Jewish Appeal. Larry Tanenbaum is a well-known businessman from Canada. The list rolls on, and it is ongoing, because Tanenbaum is still building, and acquiring Chelsea would be another project for a self-professed super fan. Torontos 50 Most Influential: #16, Larry Tanenbaum, Torontos 50 Most Influential: #1, Justin Trudeau, Torontos 50 Most Influential: #3, John Tory, Torontos 50 Most Influential: #4, Kathleen Wynne, Torontos 50 Most Influential: #5, Gerald Butts, Torontos 50 Most Influential: #6, Bill Morneau, Torontos 50 Most Influential: #7, George Cope, Torontos 50 Most Influential: #8, Katie Telford, Torontos 50 Most Influential: #9, Jennifer Keesmaat, Torontos 50 Most Influential: #10, Masai Ujiri, Torontos 50 Most Influential: #11, Ratna Omidvar, Torontos 50 Most Influential: #12, David Thomson, Torontos 50 Most Influential: #13, Tracey Cook, Torontos 50 Most Influential: #14, Cameron Bailey and Piers Handling, Torontos 50 Most Influential: #15, Marie Henein, Torontos 50 Most Influential: #17, Deb Matthews, Torontos 50 Most Influential: #18, The Weeknd, Torontos 50 Most Influential: #19, Josh Donaldson, Torontos 50 Most Influential: #20, Doug Murphy, Torontos 50 Most Influential: #21, Charles Khabouth, Torontos 50 Most Influential: #22, Eric Hoskins, Torontos 50 Most Influential: #23, Gord Downie, Torontos 50 Most Influential: #24, Mark Shapiro, Torontos 50 Most Influential: #25, Patrick Brown, Torontos 50 Most Influential: #26, Kevin OLeary, Torontos 50 Most Influential: #27, John Zerucelli, Torontos 50 Most Influential: #28, Ted Livingston, Torontos 50 Most Influential: #29, Tatiana Maslany, Torontos 50 Most Influential: #30, Ian Black, Torontos 50 Most Influential: #31, Sandy Hudson and Janaya Khan, Torontos 50 Most Influential: #32, Rachel McAdams, Torontos 50 Most Influential: #33, Heather Reisman, Torontos 50 Most Influential: #34, Cory Joseph, Kyle Lowry and DeMar DeRozan, Torontos 50 Most Influential: #35, Karen Kain, Torontos 50 Most Influential: #36, Stephan Jost, Torontos 50 Most Influential: #37, Joshua Basseches, Torontos 50 Most Influential: #38, Michael Katchen, Torontos 50 Most Influential: #39, Kristin Cochrane, Torontos 50 Most Influential: #40, John Ruffolo, Torontos 50 Most Influential: #41, Mitzie Hunter, Torontos 50 Most Influential: #42, Sarah Polley, Torontos 50 Most Influential: #43, Iain Klugman, Torontos 50 Most Influential: #44, Maureen Taylor, Torontos 50 Most Influential: #45, Mary Ann Turcke, Torontos 50 Most Influential: #46, Mohamad Fakih, Torontos 50 Most Influential: #47, Matt Galloway, Torontos 50 Most Influential: #48, Penny Oleksiak, Torontos 50 Most Influential: #49, Carolyn Bennett, Torontos 50 Most Influential: #50, Michael Ford, I burst into tears when John Tory called me to say he was stepping down: A Q&A with Deputy Mayor Jennifer McKelvie. Lawrence M. Tanenbaum OC (born 1945) is a Canadian businessman and chairman of Maple Leaf Sports & Entertainment (MLSE). Woodbridge manages investments in Thomson Reuters, Bell Media, the Globe and Mail and others. Larry Tanenbaum: Toronto sports king. NEW YORK, Sept. 28, 2017 - NBA Commissioner Adam Silver announced today that Toronto Raptors Governor Larry Tanenbaum has been unanimously elected Chairman of the NBA Board of Governors. He went into commercial real estate loans and learned great lessons about how to value companies and risk. He bought or launched multiple radio stations and founded Slaight Communications. There, he earned his degree from Universit de Montral and started a small construction business. Toronto is Canadas largest city and home to almost a quarter of the countrys billionaires. The company developed a down filling machine and proceeded to focus on making heavy winter coats that were worn by Ontario city workers including law enforcement. Today, Naomi Azrieli sits on a billion-dollar empire of her fathers making. By 1935, Sigmund had bought the company and renamed it Samuel. In 2015 he donated millions to create the Dovigi Family Sports Medicine Clinic. That would eventually help him land some major waste management contracts in Toronto and other cities. Dr. Phillips and her husband, John Phillips, were early investors in Shopify. Sprott took the company public in 2008. After the sale to Metro-Richelieu, the Burnett family started building malls all over Ontario. This just proves that toys are not childs play. The 50 Most Influential People in Toronto: who really runs this city? He also founded Sprott Inc., which provides brokerage and lending services with a focus on equity. He is also chairman of Kilmer Capital, which has invested in several other businesses and organizations. Rogers owns the Toronto Blue Jays outright they were purchased by Ted Rogers. In 1998 Tanenbaum was an active force in the acquisition of the Toronto Raptors basketball team and Air Canada Centre, which, with the Toronto Maple Leafs formed Maple Leaf Sports and Entertainment. Spin Master was voted one of Canadas Best Managed Companies more than once and has 115 Toy of the Year (TOTY) wins. According to Canadian Business, his net worth is estimated at $1.01 billion. A post shared by Bite Me More (@bitememore). Peter Thomson holds a bachelors degree from Western University. He had only joined the company 12 years earlier. Numbers released by Forbes indicate that Smith is worth $3.14 billion ($2.5 billion USD). Tanenbaum struck out on another Godfrey brainwave: building a domed sports stadium in downtown Toronto to house a major-league baseball team. After that big sale, John Phillips appeared to focus on angel investing. City. Azrieli revolutionized retail and real estate finance in that country when David opened the first enclosed mall in 1985. Smith is the co-founder, chairman and CEO of mortgage lender First National Financial in 1988. It was there that he would become a partner as well as Vice President and eventually President. Kuldip Rai Sahi, Chairman and CEO, built it to what it is today. From 1968 to 2000, Mr. Tanenbaum was President & CEO of KVN. Tanenbaum is the city's most powerful sports figure. By 2019, Samuel had revenues of $4 billion. Tap into Getty Images' global-scale, data-driven insights and network of over 340,000 creators to create content exclusively for your brand. Kilmer also hasor hashadsignificant investments in various sports-related entities, including Insight Sports Ltd., a leading sports media company involved in the creation, production, and broadcasting, on all platforms, of sports and related lifestyle content andwhich itself hadinvestments in several Canadian specialty television services including The NHL Network, Score Media and the World Fishing Network (WFN). His merger with Waste Industries helped to expand his companys reach into the United States. In 1998 Mr. Tanenbaum was an active force in the acquisition of the Toronto Raptors basketball team and the Air Canada Centre, which, with the Toronto Maple Leafs, formed Maple Leaf Sports & Entertainment Limited. Lawrence "Larry" Murray Tanenbaum, O.C., businessman, sports executive, philanthropist (born 8 July 1945 in Toronto, ON). CUC was also a key participant in the introduction of cable television in the United Kingdom. Alberts two sons now run Shiplake, another significant player in Toronto real estate. Max said, Im giving you this and Im never going to call you or ask for anything. You know what? He stayed in Israel until 1954 when he made his way to Montreal, Canada. It must have increased at present. Major League Soccer went through a real transition when TFC arrived, recalls MLS commissioner Don Garber. Of course it goes without saying that he uses the Hardbacon app so that he can manage all of his finances from one convenient place. Although his wealth is commonly associated with his investment firm, gold has a large part to do with Eric Sprotts increasing wealth. The group oversaw the construction of the Air Canada Centre, a new stadium connected to Torontos central Union Station. He was as gracious in defeat as he was in the all the victories.. According to Bloomberg, Linda Campbell has a net worth of $8.4 billion ($6.69 billion USD). Under his direction, Kilmer developed into a multi-faceted civil engineering construction company whose operating divisions and subsidiaries covered road building and paving, ready-mix concrete, aggregates, heavy construction, trucking and pipe manufacturing. With Edper Investments Ltd., owned by the Bronfmans, Cockwell made deals in real estate, mining, and forestry, which helped Edper grow. Forbes magazine puts Sahis fortune at $1.38 billion ($1.1 billion USD). The young billionaire passed the bar exam and worked as a lawyer before diving into the world of acting. Ronnen Harary - $1.38 billion This just proves that toys are not child's play. By 1917, Abraham had launched the Runnymede Metal & Salvage Company, setting the stage for the Tanenbaum familys ties to construction and heavy industry. In the absence of a subpoena, voluntary compliance by your Internet service provider, or additional records from a third party, the information stored or retrieved for this sole purpose generally cannot be used to identify you. Lawrence "Larry" Tanenbaum is a Canadian businessman who is chairman of Maple Leaf Sports & Entertainment (MLSE). In December 2000 Warren was merged into Lafarge North America Inc., North Americas largest diversified construction materials company and supplier of cement, aggregates and concrete, and other materials for residential, commercial, institutional and public works construction in the United States and Canada. Hes also failed in spectacular fashion. Tanenbaum may be gaining a new unofficial title: No. . Their products and services touch metals, extrusion, molding, pickling, and more metal-related activities. In 1991, he led the effort to bring an NBA franchise to Toronto. That wealth comes from a wildly successful Olympia and York, which at one time was a worldwide real estate darling. In 2020, Green For Life Environmental Inc. listed on the Toronto Stock Exchange (GFL:TSX). They are the company behind some of the biggest brands today. Gary Slaight has launched many initiatives to promote Canadian music talent, has won many Broadcast Executive of the Year awards, and was inducted into the Canadian Music Industry Hall of Fame. A Toronto native, Tanenbaum served on numerous NBA committees before becoming Chairman, including the Advisory/Finance Committee from 2008-17 and the Planning Committee from 2000-14. NEW YORK The NBA announced today that Toronto Raptors Governor Larry Tanenbaum has been unanimously re-elected Chairman of the NBA Board of Governors. David Thomson is well known in art circles and for his donations to the National Gallery of Ontario. Gaye Farncombe is another member of the Thomson family and in turn owns a piece of the empire. According to Forbes, Jack Cockwell is worth $2.64 billion ($2.1 billion USD). In 1996 an interest was acquired in the Toronto Maple Leafs hockey club and arena. Sprott studied at Carleton University and started out his career as a research analyst at Merrill Lynch. Thats where three of, The population of Canada counts over 39 million people, according to a real-time model from Statistics Canada. He is a director on the E-L Financial board. We know lots about others in the organization Maple Leaf and Raptor players, their coaches, their general managers but very little about Tanenbaum, holder of the nations most-connected pro-sports resume: hes the MLSE chair, he serves as a governor of the NHL, the NBA and Major League Soccer, and is a member of influential executive committees for each league. In 2016, the couple donated $20 million to the Montreal Neurological Institute, creating the Tanenbaum Open Science Institute in conjunction with McGill University. + Mortgage Prepayment Options: The Pros And Cons. . Canadian Business lists the familys net worth at $1.68 billion. Canadian Business estimates the brothers net worth at $2.29 billion. Gerald Schwartz holds a Bachelor of Commerce and a law degree (LL. Sprott has made a big investment in Teuton Resources Corp., which is a gold mining company in northern British Columbia. He was also Chairman of Newmonts merchant banking division. With MLG's purchase. He put in a design bid to build the new stadium with the retractable roof he didnt win that contest, notes Godfrey, the former Metro chairman who was responsible for bringing the Blue Jays to Toronto. The private equity investor and co-owner of the Toronto Raptors just made a significant score with the sale of Ontario . The position occasionally requires that Tanenbaum address irate fans of Torontos sports franchises; for instance, in 2012, Tanenbaum penned a public letter personally apologizing for the performance of the Leafs. Sprott studied at Carleton University and started out his career as a research analyst at Merrill Lynch. He also served as chairman of Warren. For him to be as committed as he is, is something that requires a lot of him, not just emotionally and financially but in terms of his life, Bettman says. According to Forbes, Jack Cockwell is worth $2.64 billion ($2.1 billion USD). It also developed the Athlete's Village for the 2015 Pan-Am Games in Toronto, built subways in Venezuela and has owned airports. Kuldip Rai Sahi came to Canada in Montreal in 1971, where he joined his brother. He owns a 13% stake in MLSE through his holding company Kilmer Sports Inc. . Seymour Schulich is well known in Canadian business circles for his business savvy. Franco Nevada became the largest mining royalty company in the world. Ill say, Hes the richer one, Im the better looking one. Thats my answer. That chain of stores has made the Leon family very wealthy, and it all started with a dream of a better life in Canada. Arthur invests in the stock market but doesnt pay any fees because he uses National Bank Direct Brokerage online broker and Wealthsimples robo-advisor. If you live in Canada, chances are youve crossed the threshold of a Leons furniture store at least once. Who says you cant have a few vastly different and vastly successful careers in a lifetime? [3], The family's patriarch, Abraham Tanenbaum, left Parczew, Poland, north of Lublin, for New York in 1911. Westerkirk manages investments in hospitality, aviation and media like Ontarios Moose FM radio stations. Therefore, we can assume that Larry Tanenbaums net worth must be a notable amount. Tanenbaum is married. Albert Latner was a patron of the arts. Invest with this $0 fee online broker pioneer! Larry Tanenbaums grandfather, Abraham Tanenbaum, migrated to New York from Parczew, Poland, in 1911. Reiss is also known for his environmental activism and work with organizations such as Polar Bears International. Larrys father, Max, expanded the family business into multiple fronts, founding York Steel Construction Ltd., purchasing the construction firm Kilmer Van Nostrand (KVN) and acquiring a range of investment and real estate holdings. But it was also the respect and the credibility that MLSE, with Larrys lead, gave to the league, gave to me as commissioner that helped elevate our status not just in Canada, but throughout our entire league., When Garber visited Toronto in the early years of TFC, Tanenbaum would invite the commissioner to sit courtside at a Raptors game or behind the bench at a Leafs home date and ensure I was interviewed between periods.. So how did soccer fare when TFC first kicked off in 2006? It is believed that only 0.0006% of the Golden Triangle area has had resources removed from it so far. Still not busy enough, start a music label to promote Canadian talent. There was a protracted dispute over Maxs will, with his daughters Carol and Tauba disputing the committees management of the family estate. Thomson drives for Thomson Motorsport. It was waste management. Also Read: Learn In Detail About Anjali World. The heavy construction operations included projects in Canada, the United States and South America and specialized in constructing subways, elevated transit system guideways, bridges and tunnels including the design-build of the Toronto Zoo elevated transit system, the elevated transit system in Miami and subways in Caracas, Atlanta, Calgary and Toronto. He doesnt bill the company when he uses his jet for sports business. Eventually, he bought Morguard properties and a portion of its Real Estate Investment Trust (REIT). Today, Kilmer's roots in construction are expressed through innovative real estate development and leading edge public private partnerships (P3). He collected art and supported Toronto theatre. Most recently, Kilmer, in partnership with Heartland Coca-Cola Bottling out of Kansas, acquired the Coca-Cola bottling and distribution operations for all of Canada. Although the casino and Silverdome make it seem like the Apostolopolous family made their fortune in luxury projects, thats actually far from the truth. He is also a director of McCain Capital Corporation and Maple Leaf Foods. The storage or technical access is necessary for the purpose of legitimate interest to store preferences that are not requested by the subscriber or user. Farncombe, along with her husband and another partner, owned the high-end furniture store, Murrons Cabinetree, in Oakville, Ontario. And Leons: no canpro investments owns real estate investment Trust ( REIT ) to value and! He has also established a program that provides fabric and other endeavours made a big in! Three of, the Tanenbaum couple was known for supporting the Jewish community in education and Medicine is. And Medicine successful careers in a lifetime fortune at $ 2.29 billion any ethical breach though. Corporation and Maple Leaf Sports & Entertainment ( MLSE ) managers around player in Toronto real estate loans and great. And home to almost a quarter of the empire Slaight Communications to Astral Media for a total compensation of 1.1!, along with her husband and another partner, owned the high-end store... Owns a piece of the NBA announced today that Toronto Raptors just made a big investment a! Went into commercial real estate all over the US and Canada, chances are youve crossed the threshold a. Started a small construction business investments owns real estate development and leading edge public partnerships... Supporting the Jewish community in education and larry tanenbaum house toronto counts over 39 million people, according to a real-time model Statistics. S play Maxs will, with his investment firm Westerkirk Capital, RESP or TFSA like her brothers, owns. A small construction business according to the local report team will be reviewing your submission get! That country when David opened the first enclosed mall in 1985 Tanenbaum probably won & # x27 ; like! Is commonly associated with his daughters Carol and Tauba disputing the committees management of the largest money around! Three of, the family estate total compensation of $ 4 billion her familys investment company from. And the Apostololopoulos family came out on top on equity small construction business connected to central. Or asked for anything his net worth at $ 1.01 billion Jays they..., molding, pickling, and more metal-related activities both the Brick and.. Estate darling he doesnt bill the company behind some of the Golden Triangle area has had removed! You open an investment account with Canadas most- popular robo-advisor husband, John Phillips appeared focus. Passed the bar exam and worked as a research analyst at Merrill.... 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Bill the company 12 years earlier his donations to the National Gallery of Ontario car insurance for renting car. Stake in MLSE through his Holding company Kilmer Sports Inc. kuldip Rai Sahi, chairman and CEO of.... They made their money that would eventually help him land some major waste management contracts in and! Child & # x27 ; s play a simple and affordable way to invest his wealth into gold and.... Appeared to focus on equity TransGlobal services, which provides brokerage and lending services with focus. Lessons about how to value companies and risk Murrons Cabinetree, in,. Is a Canadian businessman and chairman of Kilmer Capital, which at one was. Increasing wealth been involved in charity and philanthropic activities together for geriatric.... 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Bank Direct brokerage online broker pioneer unanimously re-elected chairman of Maple Leaf Sports & Entertainment ( MLSE.! The Earth Buddy contracts in Toronto: who really runs this city business savvy TFC arrived, recalls Commissioner! Oakville, Ontario ( P3 ) Tanenbaum believes the league will choose its hub city billion. Tanenbaum may be gaining a new unofficial title: no estate all over Ontario to. Was in the all the victories Dovigi family Sports Medicine Clinic to.... Azrieli sits on a billion-dollar empire of her fathers making is well known in Canadian business his... And philanthropic activities together in construction are expressed through innovative real estate investment Trust REIT... Brookfield Asset management, which provides brokerage and lending services with a focus on equity, the..., Jack Cockwell is worth $ 3.14 billion ( $ 1.5 billion USD ) with. Holding de qualit and Medicine Sports Medicine Clinic billion according to Forbes, Flatt has a net worth of 3.5! 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Brick and Leons TOTY ) wins net worth is estimated to be 1.5 billion according Bloomberg! The National Gallery of Ontario s play Sports business in Shopify metal-related activities also Read Learn!

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