Billionaire philanthropists found dead in basement under suspicious circumstances, police say

Billionaire philanthropists found dead in basement under suspicious circumstances, police say

Canadian police are investigating the mysterious deaths of Barry Sherman, the billionaire philanthropist and founder of Canadian pharmaceutical firm Apotex, and his wife, Honey - and reports say police suspect a murder-suicide.

Barry Sherman founded Toronto-based Apotex 1974 with two employees and gradually turned it into the largest Canadian-owned pharmaceutical company.

"Their deaths lead us to believe that there may be suspicious circumstances".

Sherman was the chairman of generic drug maker Apotex.

Apotex said in a statement: "All of us at Apotex are deeply shocked and saddened by this news and our thoughts and prayers are with the family at this time".

'Our condolences to their family & friends, and to everyone touched by their vision & spirit, ' Prime Minister Justin Trudeau wrote on Twitter.

Forbes has estimated Mr. Sherman's fortune at $3.2 billion.

Police, firefighters and paramedics responded to a 911 call for a medical emergency at 11:44 a.m., Constable Hopkinson said.

The Shermans recently listed their home for sale for almost 7 million Canadian dollars, about $5.4 million.

Despite the police withholding the identities of the bodies, many friends of the couple and a number of officials confirmed the news of their death.

Barry and Honey Sherman’s home
Barry and Honey Sherman’s home

The Globe and Mail cited a police source as saying the Shermans' bodies were found hanging from a railing around a basement pool, the theory being that "Mr Sherman killed his wife, hung her body and then hanged himself at the pool's edge".

"Honey Sherman was a volunteer extraordinaire".

If the autopsies indicate that a homicide has occurred, the police's homicide squad will take over the investigation and detectives will talk to family members before they update the public, he said.

Ontario's health minister, Dr. Eric Hoskins, said the couple had been discovered dead. The couple were found in their home, which was up for sale. Wonderful human beings, incredible philanthropists, great leaders in healthcare.

They are survived by their four children, including one who just gave them a grandchild.

Const. David Hopkinson, spokesperson for the Toronto Police Service, said police hope to receive the results of the autopsies later on Saturday. A very, very sad day. Apotex specializes in manufacturing generic versions of prescription drugs.

Their neighbors, business associates and some of Canada's most powerful politicians said they were saddened by the deaths. They also donated roughly $50 million to the United Jewish Appeal.

Sherman's wife, Honey, was a member of the board of the Baycrest Foundation and the York University Foundation.

The couple has been well-known for the philanthropy they carried out, giving tens of millions dollars to hospitals, Jewish organizations and universities, reported local television.

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